London open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read moreLondon midday: Banks rise, retailers drop, BoE maintains rate
12th Jan 2012 11:58
After a subdued start, the Footsie seems to have found its direction, trading up near the 5,700 level, helped by the latest Italian and Spanish debt auctions which saw solid demand and a fall in yields. Italy has sold a total of €12bn in bills, with yields on its 12-month debt falling to 2.74% from
Read moreLondon open: RBS rises after shake-up, Tesco plummets
12th Jan 2012 08:28
A sharp fall for the retailers was met with a strong showing by the banks this morning, equating to a flat start for the FTSE 100. It has been reasonably busy on the corporate front, with several firms providing trading statements, but RBS and Tesco dominated the headlines early on. MARKETS CELEBRA
Read moreAUM up at Ashmore, but performance fees minimal
12th Jan 2012 07:16
Emerging markets asset manager Ashmore saw assets under management (AUM) rise by 2.5% in the final quarter of 2011, driven by a mixture of net inflows and positive investment performance. AUM at the end of the year stood at $60.4bn, up from $58.9bn at the end of September. The group enjoyed net inf
Read moreLondon close: Footsie finishes below best levels
6th Jan 2012 17:17
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'. US non-farm payrolls grew by 200,000 during the month of December. The consensus estimate was for a reading of 155,000. Morgan Stanley has sugges
Read moreFTSE 100: Burberry struts into top place
6th Jan 2012 12:59
Burberry was in the coveted top spot today, having risen close to 3%, bolstered by encouraging signs for its Asian business. China's Commerce Minister Chen Deming said the government is studying measures to boost consumption, including the promotion of online shopping and tourism. Chen spoke at the
Read moreLondon midday: Man down as CS cuts target price
6th Jan 2012 12:40
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped
Read moreBroker tips: Rockhopper, Vodafone, Jupiter Fund Management
6th Jan 2012 11:17
Analysts at Credit Suisse have this morning initiated coverage on Falklands focused oil exploration group Rockhopper at 'outperform'. Their valuation model for the company gives a 'risked' net asset value for the firm´s shares, under a successful 'farm out' agreement for its Sea Lion oil field, of
Read moreBroker snap: Credit Suisse cuts Ashmore, F&C and Jupiter
6th Jan 2012 09:56
Analysts at Credit Suisse have this morning decided to downgrade several of the UK´s fund managers as part of a wider reassessment of European asset managers. While they admit that equity market performance recovered strongly globally during quarter four they also, "expect investors to remain caut
Read moreUPDATE: Friday broker round-up
14th Oct 2011 08:59
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendation maintained. Renishaw: Singer Capital Markets slashes target from 1,350p to 900p, fair value rating kept. Royal Bank of Scotland: Evolution Secur
Read moreFTSE 100 movers: Rolls-Royce tops the chart
13th Oct 2011 12:36
Global power systems firm Rolls-Royce was the high riser on Thursday after it revealed two major initiatives which are expected to significantly raise its operating profits in the future. Following close behind was Hargreaves Lansdown, after the wealth management stockbroking firm said first-quart
Read moreLondon midday: Renishaw and M&B in late morning dive
13th Oct 2011 12:08
Stocks have moved further into the red with a couple of announcements that came after the early morning rush sending stocks lower. Shares of precision tool maker Renishaw took a dive after the firm admitted that revenue growth in the three months ended 30September was lower than planned and Mitchel
Read moreLondon open: Stocks ease but Rolls-Royce takes off
13th Oct 2011 08:42
Stocks have edged back in early dealings, giving back yesterday's gains in a continuation of the volatility stoked by uncertainty over the Eurozone situation. ASIAN CONTAGION Slovakia is expected to approve its participation in an enhanced bail-out package for stricken fellow Eurozone countries, d
Read moreAshmore Group suffers amid market volatility
13th Oct 2011 08:36
Ashmore Group the asset management firm, says total assets under management (AuM) decreased 10.5% to $58.9 billion in the third quarter of 2011. The firm said a $7.1bn decline in AuM was largely due to "adverse investment performance" that was only partially offset by net inflows to the group of $0
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
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