London open: Markets retreat on Greek uncertainty
28th May 2015 08:40
Stocks opened in the red on Thursday as investors took profits following a surge the day before, with renewed uncertainty in Greece hitting sentiment. The FTSE 100 was down 0.22% at 7,017.70 early on. Reports of a imminent Greek debt deal hitting the wires spurred buying on Wednesday, sending the i
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreTuesday broker round-up
5th May 2015 14:59
Lloyds: Exane, UBS and Jefferies reiterated their buy recommendation, with the latter bumping up its price target to 201p from 88p. BT Group: Credit Suisse reiterates outperform and Barclays its overweight stance, with price targets of 495p and 600p, respectively. Aviva: Barclays ups target to 632p
Read moreARM Holdings' chairman buys shares after reporting upbeat Q3
24th Apr 2015 15:44
The chairman of ARM Holdings bought same shares two days after the smartphone and tablet microchip designer published "encouraging" first-quarter results. Stuart Chambers purchased 20,000 shares for 1204p each, spending £240,000 in the transaction. As a result, Chambers holds now 30,000 shares in t
Read moreWednesday broker round-up
22nd Apr 2015 12:33
BHP Billiton: UBS reiterates buy and 1,625p target price. Rio Tinto: Deutsche Bank stays at buy and 4,200p target. Sky: Goldman Sachs maintains neutral and 1,200p target. Associated British Foods: Nomura lifts target to 2,850p from 2,760p and reiterates neutral. ARM Holdings: Exane BNP reiterates
Read moreLondon close: Late rally pushes FTSE higher after choppy session
21st Apr 2015 16:25
UK stocks ended a choppy session in the green as an afternoon rally saw the FTSE 100 erase losses and push back towards its record high. "A good set of European earnings results sent stocks in Europe back towards all-time highs on Tuesday, sustained by ECB bond-buying and the lingering effects of th
Read moreFTSE 100 movers: Sky rockets on Q3 results, miners and oils stocks lower
21st Apr 2015 13:44
Sky topped the FTSE 100 risers after third-quarter results showed the most growth in 11 years. The broadcaster grew customer numbers 70%, which fed through to a 20% increase in operating profits. Smartphone and tablet microchip designer ARM Holdings surged after beating its own guidance with a 14% j
Read moreTuesday broker round-up
21st Apr 2015 13:18
Tullow Oil: Deutsche Bank reiterates hold and keeps target price at 370p. Tesco: Citi reiterates neutral and 235 target price. BHP Billiton: Barclays reiterates overweight and lifts target to 3,500p from 3,300p. Rio Tinto: Barclays downgrades to equalweight and lower target to 2,850p from 3,350p.
Read moreLondon midday: Stocks erase gains as ongoing Greek debt saga hits sentiment
21st Apr 2015 11:28
After briefly coming close to their intraday record high, UK stocks dropped into the red by Tuesday lunchtime after data showed that the Greek debt saga was weighing on economic confidence in Germany. Heavy falls in the mining sector were also hitting markets, offsetting well-received quarterly earn
Read moreLondon open: FTSE back near record high as updates from Sky and ARM impress
21st Apr 2015 09:09
UK stocks were renewing their push towards record highs again on Tuesday, helped by well-received results from blue chips Sky and ARM Holdings. The FTSE 100 was up 0.60% at 7,094.78 within the opening hour. The index rose as high as 7,105.13 early on, just shy of its intraday record of 7,119.35 rea
Read moreARM Holdings paints bright picture after topping guidance in first quarter
21st Apr 2015 07:13
Smartphone and tablet microchip designer ARM Holdings beat its own guidance with a 14% jump in dollar revenues in the first quarter of 2015, as it delivered an upbeat outlook for the rest of the year. The company, which boasts tech titan Apple as its main client, reported revenues of $348.2m, up fro
Read moreLondon pre-open: Positive start expected ahead of quiet session
21st Apr 2015 06:50
UK stocks are expected to open with small gains on Tuesday as the Footsie resumes its push back towards record highs ahead of a quiet day for economic data. City sources predict the FTSE 100 will open 13 points higher than Monday's close of 7,052.13. After two straight sessions in the red, news of
Read moreM&A more than just tie-ups; underlying health of market robust
9th Apr 2015 15:07
Mergers and acquisitions are more than just about companies getting hitched, willingly or unwillingly. Like initial public offerings, some say that heightened deal activity is symptomatic of a healthy equity market. After years of dormant deal activity, M&A is back on board and with full force. Ac
Read moreLondon close: Stocks drop into the red as M&A fever fails to sustain optimism
8th Apr 2015 17:03
The M&A fever that sent UK markets higher on Wednesday morning fizzled out towards the end of the day, with the FTSE 100 dropping into the red by the close. BG Group, which had soared as much as 40% early on, pared gains to finish 26.7% higher after the natural gas outfit recommended a £47bn takeove
Read moreARM shares leap higher on resurfacing chatter of Apple interest
8th Apr 2015 16:11
Shares in chipmaker ARM Holdings rose as high as 3% late afternoon in London after a report from a Chinese news outlet pointed to US consumer tech giant Apple being a likely suitor to snap up the UK-listed company. On Wednesday, Chinese news outlet CCID Net said Apple could table a bid for ARM at 15
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