London midday: Rolls-Royce, commodity stocks lead FTSE lower after Greek 'no' vote
6th Jul 2015 11:41
UK stocks declined on Monday after the Greeks voted a resounding 'no' to creditors' bailout proposals, pushing the country closer to a possible exit from the Eurozone. Nevertheless, while stock markets across Europe were suffering steep losses - German, Spanish and French shares were down 1.3-1.8% w
Read moreMorgan Stanley upgrades BAE Systems to 'overweight', sees buying opportunity
6th Jul 2015 10:23
Morgan Stanley upgraded BAE Systems to 'overweight' from 'equalweight' and kept its price target at 570p, saying the de-rating was overdone. The bank said that given the stock's defensive attractions, it was surprised at its recent undeperformance. "Programme and defence budget concerns look overdo
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreLondon midday: Banks, miners slip as risk appetite declines ahead of Greek vote
3rd Jul 2015 12:09
UK stocks slipped on a quiet Friday, with US markets closed ahead of the Fourth of July holiday and as investor sentiment remained driven by Sunday's upcoming referendum in Greece. With polls suggesting the Greek public's vote on bailout proposals remains too close to call, investors were scaling ba
Read moreBroker Tips: BP, FirstGroup, 888 Holdings, Ladbrokes, BAE Systems
3rd Jul 2015 11:30
Goldman Sachs raised its price targets on BP to 376p from 364p and $34.5 from $33.1, respectively, following the company's settlement over the 2010 Gulf of Mexico oil spill, but retained its 'sell' rating on the stock saying the fundamentals remain challenged. However, it noted that while this will
Read moreLondon open: UK stocks slip ahead of Greek referendum, RBS
3rd Jul 2015 09:13
UK stocks opened slightly lower on Friday morning head of a crucial weekend for Greece, as the government holds a referendum on European bailout proposals. With Friday's economic data calendar looking sparse, investor sentiment was likely to be driven by developments in Athens, as the latest polls s
Read moreUBS upgrades BAE Sytems to 'buy'
3rd Jul 2015 08:28
UBS upgraded BAE Systems to 'buy' from 'neutral' but cut the price target to 510p from 540p. It said the recent weakness in the BAE share price was caused by uncertainty around the future of the Williamstown shipyard and the Eurofighter Typhoon programme, as well as the pending Strategic Defence and
Read moreSunday newspaper round-up: Government supplier clampdown, UK banks' Fifa fears, Lloyds sale
31st May 2015 15:58
Companies that supply services to the government are going to feel the screw tightened on them as the Cabinet Office clamps down, the Sunday Times said. The office has begun to demand its biggest contractors, which include BAE Systems, Babcock, Serco and G4S, to report on revenue and profit margins
Read moreThursday broker round-up
7th May 2015 16:39
Morrison: Shore Capital reiterates buy. Direct Line Insurance Group: Canaccord Genuity reiterates buy and 350p target. BAE Systems: Charles Stanley reiterates accumulate. GlaxoSmithKline: UBS reiterates buy and 1,700p target. Aviva: Panmure Gordon reiterates buy and raises target to 660p from 600
Read moreSteer clear of FTSE 100 even beyond the UK election, says SocGen
7th May 2015 13:14
Steer clear of UK equities even beyond the election, despite their recent underperformance, said Societe Generale in a research note on Thursday. The bank cited three key reasons why the market is unattractive, the first being fading growth momentum. SocGen pointed out that the UK economy delivered
Read moreBAE Systems says earnings will be "marginally higher"
7th May 2015 08:29
A more optimistic BAE Systems has revealed that full year earnings are likely to be "marginally higher" as it highlighted the good progress the company was making in 2015. Since reporting an 8.5% decline in sales and a 12% slide in underlying operating profits at its final results in February, the d
Read moreFTSE 100 movers: HSBC rockets on domicile review, Astra hit by heartburn rival
24th Apr 2015 13:19
HSBC topped the risers as it launched a review of its UK domicile in light of the changing regulatory landscape. Some media commentators suggested the announcement, carefully timed ahead of the general election, was politically motivated. After receiving some takeover interest in one of its division
Read moreLondon open: Analysts sanguine on Greece, oil forecasts revised higher
24th Apr 2015 09:17
Stocks have begun the morning moving modestly higher on residual optimism over the Greek debt negotiations and on the coat-tails of overnight gains on Wall Street, which saw the Nasdaq Composite close above its previous early 2000 record highs. "Greece is cash-strapped, and the situation is worsenin
Read moreBAE Systems hires banks to examine divisional disposal
24th Apr 2015 07:08
After receiving some takeover interest, BAE Systems confirmed it was pondering a disposal of its US-based manpower and services businesses, which operates in the US intelligence and security (I&S) sector. The company has engaged external advisors to support a strategic assessment of these businesses
Read moreLondon close: Greek default fears grip markets as UK stocks pull back from record
16th Apr 2015 16:51
Stocks finished lower on Thursday with UK markets retreating from a record high, as bonds yields in Athens soared on the back of concerns over a potential Greek default. London's FTSE 100 was down 36.33 points (-0.51%) by the close at 7,060.45. The index pulled back from Wednesday's all-time closin
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