Tuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreAstraZeneca launches phase III programme for olaparib
4th Sep 2013 07:22
AstraZeneca has started a phase III clinical programme for olaparib, a potential treatment for ovarian cancer. The pharma giant said it had enrolled its first patient for the programme, which is being conducted with the Gynecologic Oncology Group and the SOLO 2 study with the European Network of Gy
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreAstraZeneca acquires US biologics firm
27th Aug 2013 07:21
AstraZeneca announced Tuesday that MedImmune, its global biologics research and development arm, has entered into a definitive agreement to acquire Amplimmune, a privately-held, US-based biologics company focused on developing novel therapeutics in cancer immunology. The acquisition will be made
Read moreTuesday newspaper round-up: Saudi Arabia, Russian, Services
27th Aug 2013 07:00
Saudi Arabia has secretly offered Russia a sweeping deal to control the global oil market and safeguard Russia's gas contracts, if the Kremlin backs away from the Assad regime in Syria. The revelations come amid high tension in the Middle East, with US, British, and French warship poised for missile
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreLondon close: Markets surge on upbeat data, policy decisions
1st Aug 2013 16:43
Markets rose strongly on Thursday as investors reacted to dovish comments from central banks across the globe, upbeat economic data and well-received results from UK banking group Lloyds. The FTSE 100 finished 61 points higher at 6,682 today, rising to levels not seen since the end of May. "The th
Read moreLondon midday: Markets rise with central banks in focus
1st Aug 2013 11:43
Stocks were making decent gains on Thursday morning, helped by some dovish remarks from the Federal Reserve and some stronger-than-expected data from China, with Lloyds leading the FTSE 100 higher after its first-half results. It's been a busy week on the macro-economic calendar with policy decisio
Read moreLondon open: Lloyds leads FTSE 100 higher early on
1st Aug 2013 08:56
Upbeat Chinese data and some impressive first-half results from Lloyds helped boost markets on Thursday morning, though the focus is likely to turn to central-bank decisions in the UK and Europe later on. "With the Bank of England and European Central Bank likely to announce uneventful policy decis
Read moreAstraZeneca Q2 sales falls slow, costs begin to increase
1st Aug 2013 07:46
Pharmaceuticals group AstraZeneca saw sales fall in the second quarter as more drugs fell off the 'patent cliff', but the level of declines lessened. First half revenues fell 8.0% at constant exchange rates to $12.6bn, as declines of 4.0% in the three months to end June improved on the 12% slippa
Read moreLondon pre-open: Chinese data to provide a lift early on
1st Aug 2013 07:44
Markets are expected to open higher on Thursday morning ahead of central-bank policy decisions from the UK and Europe this afternoon, with sentiment helped early on by some upbeat data from China. City sources predict the FTSE 100 will open up 20 points from yesterday's close of 6,621. Growth in
Read moreWednesday newspaper round-up: RBS, AstraZeneca
24th Jul 2013 06:49
Royal Bank of Scotland is expected to announce a new Chief Executive to replace outgoing boss Stephen Hester, as early as next week, The Telegraph revealed. Two more AstraZeneca sales executives have been arrested by Chinese police in relation to nation-wide investigation into the drugmaking indus
Read moreTuesday newspaper round-up: McDonald's, GSK, BCC
23rd Jul 2013 06:50
McDonald's sales surged during the second quarter as high demand in Briton offset negative results in Germany and France, The Times reported. GlaxoSmithKline's President of International Operations, Abbas Hussain, has admitted wrongdoing by staff as China investigates the company over claims it wa
Read moreLondon close: Markets finish lower, earnings in focus this week
22nd Jul 2013 16:38
The FTSE 100 finished slightly lower on Monday as upcoming corporate earnings came into focus on a quiet day for economic data worldwide. Michael Hewson, Senior Market Analyst at CMC Markets, said: "With markets trading at multi-week highs investors appear to be adopting a 'wait and see' approach a
Read moreLondon pre-open: Losses expected as markets look ahead to G20
19th Jul 2013 07:29
Markets are expected to open slightly lower on Friday morning with the FTSE 100 pulling back after a seven-week high ahead of the meeting of G20 leaders. City sources predict the FTSE 100 will open down 18 points from yesterday's close of 6,634. The last time the index finished higher was on May 3
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