London midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read moreLiberum repeats 'sell' ARM on smartphone, tablet slowdown
21st Oct 2014 11:10
Liberum has kept a 'sell' rating on shares of chip designer ARM Holdings despite a "broadly in-line" third quarter, saying that future prospects are likely to be held back by a slowdown in its end-markets. After an initial rise early on, ARM's shares dropped sharply by mid-morning after the group's
Read moreLondon open: UK stocks flat on mixed earnings, Chinese data
21st Oct 2014 08:28
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising strongly and Reckitt Benckiser, Intercontinental and
Read moreARM misses Q3 forecasts slightly, but upbeat about Q4
21st Oct 2014 07:20
Microprocessor group ARM Holdings said it remains on track to hit full-year forecasts but reported third-quarter revenues just short of the consensus forecast. The company, which designs chips for smartphones and tablets, said dollar revenues in the three months to 30 September were $320.2m, up 12%
Read moreLondon close: Shares in the red on downbeat earnings, travel stocks rise
20th Oct 2014 16:16
The London market tumbled back into negative territory on Monday after downbeat US earnings rekindled worries about the health of the global economy. Having finished on a positive note on Friday after a chaotic week, the FTSE 100 Index closed the first session of this week 43.22 points down at 6267.
Read moreFTSE 100 movers: Tesco rises on reports profit mis-guidance was limited
20th Oct 2014 15:21
Travel stocks were putting in a decent performance on Monday, following recent volatile trading amid the growing Ebola crisis. There was good news from several continents on the state of efforts to contain the outbreak, with 48 people coming off a risk list in Texas, Nigeria being declared free of t
Read moreTuesday preview: Reckitt, ARM in focus; much-awaited Chinese data out
20th Oct 2014 14:34
Quarterly reporting season in the UK is expected to get into full swing on Tuesday with a raft of blue-chip companies scheduled to release trading updates. Consumer-goods giant Reckitt Benckiser will be in focus as the company reports on how currency headwinds affected third-quarter trading. The An
Read moreSector movers: Weak earnings from IBM weigh on UK tech stocks
20th Oct 2014 13:52
Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn. A
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreLondon close: Mining stocks help lift FTSE to positive finish
13th Oct 2014 17:00
Coming off the morning's declines, London-listed stocks ended Monday's session on a relatively upbeat note, thanks to a strong performance by the mining sector on what was a generally quiet day for markets. The FTSE 100 finished near its best levels of the session, closing 26.27 points higher at 6,3
Read moreSector movers: Tech stocks sparked by Imagination
17th Sep 2014 14:30
Technology stocks were on the rise on Wednesday as a well-received update from chipmaker Imagination Technologies gave the sector a boost. Imagination's shares were up 5.6% at 199.6p in afternoon trade after the company reassured investors that "progress will continue in line with its expectations"
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreMarket overview: Fed speculation ramps up after CPI data
17th Sep 2014 09:41
1630:Close UK stocks ended the session slightly lower, failing to partake in the gains seen elsewhere, as investors maintained a wary attitude ahead of Thursday´s Scottish referendum. Rightly so given the enormous significance of the event for Britain. European markets on the other hand were buoyed
Read moreLondon open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
Read moreSector movers: UK tech stocks fall in Apple aftermath
10th Sep 2014 14:22
Tech stocks were under pressure on Wednesday after a largely underwhelming product launch from gadget giant Apple. The company unveiled two new versions of its iPhone as well as its first wearable watch device and a new contactless payment system, though these were widely expected by the market. "T
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