London close: Stocks surge despite US data
2nd Jul 2012 16:44
- Markets eye BoE and ECB policy decisions - US ISM data disappoints - Chinese, UK PMIs beat expectations The FTSE 100 finished near its best levels of the day on Monday as investors shrugged off disappointing US economic data and looked ahead to upcoming policy decisions in Europe and the UK with
Read moreFTSE 100 movers: Aviva rises on restructuring
2nd Jul 2012 16:01
Shares in Aviva leapt on Monday following reports which emerged over the weekend which are saying the insurance giant is set to sell or wind down between 10 and 15 of its 58 businesses. Barclays, the bank which last week was given a £290m fine for manipulating interbank lending rates, was another
Read moreAviva leaps on plans to slimline operations
2nd Jul 2012 15:30
Shares in Aviva leapt on Monday following reports which emerged over the weekend which are saying the insurance giant is set to sell or wind down between 10 and 15 of its 58 businesses. No indication has been given as to which businesses will be targeted, although speculators have pointed towards
Read moreLondon midday: Footsie advances as Barclays rebounds
2nd Jul 2012 11:41
- Better-than-expected manufacturing data from Asia - Eurozone jobless rate at all-time high - UK manufacturing PMI beats forecasts London's blue-chip index held on to gains on Monday morning with Barclays leading the risers as it continues to rebound after last week's sharp falls. Economic data f
Read moreAviva Chairman retires as market awaits recovery plan
2nd Jul 2012 09:16
Lord Colin Sharman has retired as Chairman of troubled insurance giant Aviva; he's being replaced by John McFarlane, who has become Executive Chairman. The market had been aware of the changes since June 15th. Aviva's previous Chief Executive, Andrew Moss, was a victim of the "shareholder spring"
Read moreLondon open: Asian data lifts stocks early on
2nd Jul 2012 08:30
- Chinese, Japanese data comes in better than expected - RBS falls on Libor issues - Barclays Chairman resigns London's blue chips edged higher on Monday morning after manufacturing data in China and Japan boosted sentiment. China's purchasing managers' index (PMI) fell from 50.4 to 50.2 last mont
Read moreSunday share tips: Vodafone, Aviva, Idox
1st Jul 2012 19:01
Writing in today´s Sunday Times Tempus explains how Associated British Foods is one of his solid, defensive picks. Its food brands and its Primark clothing stores are at the cheap and cheerful end of the market, and he suspects the current bounce in the FTSE is not sustainable, and the market will f
Read moreSunday newspaper round-up: Glencore, Referendum, RBS
1st Jul 2012 12:39
David Cameron has signalled his willingness to hold a referendum on Britain's membership of the European Union in an abrupt change of tone towards Brussels. The Prime Minister had repeatedly rebuffed calls from Conservative Eurosceptics who want a legal commitment to holding a referendum. Two days a
Read moreBroker tips: Aviva, StanChart, Safestore
27th Jun 2012 11:13
Shares of insurance giant Aviva were advancing on Wednesday morning with the stock shrugging off a downgrade by Jefferies from 'buy' to 'hold' and a target price cut from 386p to 281p. "Reversing the current valuation discount requires a significant increase in economic capital given further deteri
Read moreBroker snap: Jefferies cuts Aviva to 'hold'
27th Jun 2012 10:02
Shares of insurance giant Aviva were advancing on Wednesday morning with the stock shrugging off a downgrade by Jefferies from 'buy' to 'hold'. "Reversing the current valuation discount requires a significant increase in economic capital given further deterioration in Q2," the broker said in a rese
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreWednesday newspaper round-up: Glencore, Falklands, Samsung
27th Jun 2012 07:02
The 65bn dollar (42bn pound) mega-merger between commodities giant Glencore and miner Xstrata was close to collapse last night after Qatar's sovereign wealth fund said it was unhappy with the deal. In a shock announcement, Qatar Holdings, Xstrata's second-biggest shareholder with 10.4 per cent, said
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreLondon close: Gloomy US data dents stocks further
21st Jun 2012 16:24
- Philly Fed manufacturing and other US data disappoints - No QE3 boost from the Fed - Chinese and Eurozone PMIs paint gloomy picture The Footsie closed near its lowest levels of the day on Thursday afternoon after a raft of economic indicators from the US disappointed, just one day after the Feder
Read moreFTSE 100 movers: Miners tank on macro concerns
21st Jun 2012 14:38
Gloomy manufacturing data from China and disappointing economic activity figures from the Eurozone weighed on the mining sector on Thursday. Meanwhile, with the US Federal Reserve holding back from extra quantitative easing measures last night, the dollar strengthened meaning that greenback-denomina
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