MARKET TALK: Nomura Reinitiates Pru At Neutral; Lifts Target
16th Jun 2010 10:29
0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p from 680p. Continues to view its Asian franchise as highly attractive but thinks the market already recognizes this. In contrast, thinks Legal & General (LGEN.LN) and Aviva (AV.LN)
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jun 2010 10:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p fro
Read moreUPDATE: Wincanton Profit Falls But New Sectors To Aid Growth
10th Jun 2010 11:35
(Adds executive comment.) By Rachael Gormley and Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Haulier Wincanton PLC (WIN.LN) Thursday reported an 85% drop in fiscal year profit, hurt by a dip in revenue and a restructuring of its loss-making German operations, but said it is
Read moreBank Zachodni WBK To Get PLN48.3 Mln Dividend From Aviva Funds
8th Jun 2010 12:46
WARSAW (Dow Jones)--Poland's Bank Zachodni WBK (BZW.WA), a unit of Allied Irish Banks (AIB), will receive a total of 48.3 million zlotys ($13.9 million) as dividend from Polish funds run by Aviva (AV.LN), the bank said in a statement Tuesday. BZ WBK will receive PLN20.3 million from an Aviva pen
Read moreLondon close: Deficit narrows
11th May 2010 16:34
Losses halved during the afternoon session as it looked increasingly likely the Liberal Democrats will jump into bed with the Conservative party and form a coalition government. Buyers nibbled at weak miners and banks, down sharply earlier on doubts about the €750bn Eurozone bailout plan. Kazakhmy
Read moreLondon afternoon: Political indecision weighs
11th May 2010 15:33
With still no decision on who's running the country and Wall Street deep in the red, London's FTSE 100 is nursing triple digit losses. Concerns about the €750bn bailout agreed by European governments to prevent economic collapse in the Eurozone also continue to weigh. Banks remain among the worst
Read moreLondon midday: Shares drift lower on bail-out doubts
11th May 2010 12:16
The leading share index is posting triple-digit losses as nerves set in over the prospects for the €750bn bailout agreed by European governments to prevent economic collapse in countries that use the euro. Banks are among the worst performers, most notably part-nationalised Royal Bank of Scotland.
Read moreLondon open: Blue chips retreat as uncertainty returns
11th May 2010 08:40
Footsie has given back some of the strong gains posted yesterday on the back of the euro bail-out. Uncertainty over who will govern the UK is to blame but there are also growing doubts over the substance of the euro plan. A string of company announcements is helping to deflect attention away from
Read moreLondon pre-open: Shares to give back some gains
11th May 2010 07:53
Footsie is expected to slump in early dealings as it gives up some of the strong gains posted yesterday on the back of the euro bail-out. Part-nationalised Royal Bank of Scotland has agreed to pay the US government $500m to settle charges it conspired to violate the US Bank Secrecy Act. The Departm
Read moreAviva sales continue to recover
11th May 2010 07:11
Life insurer Aviva grew sales for the second successive quarter as its core life and pensions businesses in the UK and Europe pushed ahead. Long-term savings sales for three months to March this year rose by 16% over the previous quarter to over £10.2bn, in line with the first quarter of 2009. Tota
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreLondon midday: Greek worries resurface
22nd Apr 2010 11:56
Footsie remains deep in the red now as concerns about Greece's debt situation resurfaced. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated. Financials are the majo
Read moreWednesday paper round-up: IMF proposes two new global bank taxes
21st Apr 2010 06:33
The IMF is proposing a double-tax regime for banks that would fund future bailouts and penalise both the profits and pay of lenders. The proposal emerged in a leaked confidential document prepared for the G20 meeting of finance ministers to be held this week in Washington. The IMF wants two separat
Read moreLondon close: Footsie ends week higher
9th Apr 2010 16:58
Footsie bounced back from Thursday's decline and ended the week strongly. The index is nearly 0.5% higher over the week as a whole. Resource stocks were a positive influence in the Footsie with silver miner Fresnillo top of the tree. Xstrata ended the week well following reports in the Australian
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