London close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreBroker tips: ARM Holdings, Lloyds, Rolls-Royce, Land Securities
7th Jul 2015 16:32
Shares in chipmaker ARM Holdings have been boosted after Morgan Stanley upgraded the stock to 'overweight' from 'equalweight' and raised its share price target to 1,180p from 980p. The bank said that concerns around a slowdown of the smartphone market have created a buying opportunity for ARM, notin
Read moreFTSE 100 movers: Defensives gain, miners sold off as risk appetite wanes
7th Jul 2015 15:16
Defensive sectors such as real estate and pharmaceuticals were performing well while commodity stocks were falling on Tuesday, with investors reducing their appetite for risk as European leaders met in Brussels to discuss Greece's future. Stocks which tend to hold up better in times of economic inst
Read moreARM Holdings gains on Morgan Stanley upgrade to 'overweight'
7th Jul 2015 11:23
Shares in chipmaker ARM Holdings have been boosted after Morgan Stanley upgraded the stock to 'overweight' from 'equalweight' and raised its share price target to 1,180p from 980p. The bank said that concerns around a slowdown of the smartphone market have created a buying opportunity for ARM, notin
Read moreLondon midday: Stocks weaken ahead of Greek summit as crisis continues
7th Jul 2015 11:14
Oil and gas stocks dragged the UK equity market lower on Tuesday after the recent plunge in crude prices, as investors showed caution ahead of a key Eurozone summit on Greece. The FTSE 100 was down 0.13% at 6,526.92 by midday, with Rolls-Royce providing a further drag as the stock extended losses fo
Read moreLondon open: Stocks inch lower ahead of key Greek summit
7th Jul 2015 09:15
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
Read moreLondon close: Markets slip with investors nervous ahead of crucial weekend for Greece
26th Jun 2015 16:28
UK stocks finished firmly lower on Friday as Greece entered crunch time in its debt negotiations with creditors, with officials heading towards a pivotal weekend for Athens and the Eurozone. The FTSE 100 fell 54.12 points (-0.8%) to 6,753.70, with ARM Holdings and a host of mining stocks providing a
Read moreFTSE 100 movers: Tesco surges on slower sales decline, miners lower
26th Jun 2015 14:25
UK stocks edged lower on Friday, as Greece's crucial weekend approached and mining, engineering and oil stocks provided a drag. As of 15:00 BST, the FTSE 100 was trading 0.4% lower at 6,783. Supermarket chain Tesco gained after reporting that the ongoing slide in sales was slowing. UK like-for-like
Read moreBroker tips: GlaxoSmithKline, Astrazeneca, Hikma, Shire, Petrofac, ARM Holdings
26th Jun 2015 11:39
HSBC initiated coverage of the European pharmaceuticals, saying the re-rating over the last few years looks set to continue. In terms of UK stocks, it initiated GlaxoSmithKline at 'buy' with a 1,700p price target, and AstraZeneca and Hikma Pharmaceuticals at 'hold' with 4,640p and 1,936p price targe
Read moreLondon midday: Stocks drop ahead of weekend Greek debt talks
26th Jun 2015 11:28
UK stocks were trading firmly in the red on Friday as investors showed their nerves ahead of a crucial weekend for Greece, as debt talks go down to the wire. The FTSE 100 was trading 0.84% lower at 6,750.63 by midday, with just six constituents trading in positive territory. "Like most of these in-
Read moreFriday broker round-up
26th Jun 2015 10:11
ARM Holdings: Bernstein downgrades to underperform. GlaxoSmithKline: Liberum ups view to hold from sell. HSBC initiates coverage at buy with 1,700p target. AztraZeneca: HSBC initiates coverage at hold with 4,640p target. Qinetiq: UBS downgrades to sell from neutral. Meggitt: UBS raises view to ne
Read moreARM Holdings slumps on Bernstein downgrade
26th Jun 2015 08:58
ARM Holdings slumped 3% on Friday after Bernstein downgraded the stock to 'underperform' from 'market perform' and slashed the price target to 800p from 1,000p. Bernstein had upgraded ARM to 'market perform' at the beginning of the year, anticipating material earnings revisions as the migration to A
Read moreThursday broker round-up
25th Jun 2015 16:55
ARM Holdings: Credit Suisse upgrades to outperform with a target of 1,300p. Admiral Group: Citi downgrades to sell with 1,335p target. Antofagasta: Stifel initiates at hold. Bellway: Jefferies upgrades to buy and raises target to 2,997p from 2,542p. LSE Group: RBS upgrades to outperform. Petrofa
Read moreLondon close: Stocks edge higher after choppy session amid Greek uncertainty
28th May 2015 16:38
London's stocks finished a choppy session in the green, though gains were only modest as sentiment continued to be dominated by mixed newsflow from Greece. The FTSE 100 settled the session up 7.59 points (+0.11%) at 7,040.92 after swinging between gains and losses for most of the day, with trading v
Read moreLondon midday: Stocks shrug off weak UK data as Greek newsflow continues
28th May 2015 11:44
Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged
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