London open: Stocks edge higher as focus turns towards US data
21st Oct 2013 08:42
UK equites opened slightly higher on Monday morning, following a recent strong run and as traders awaited key economic data from the US later this week. London's FTSE 100 opened just a few points higher than Friday's close of 6,622.59, though this was still the highest finish for the benchmark ind
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreFTSE 100 movers: Travis Perkins lifted by Liberum Capital rating
11th Oct 2013 14:34
Travis Perkins shares got a boost after Liberum Capital raised its target price and reiterated its 'buy' rating on the builders' merchant and home improvement retailer. Restaurant and hotels owner Whitbread was also higher after Citigroup upgraded the stock to 'buy', saying: "Improved sentiment ar
Read moreLondon midday: Stocks surge on US hopes as risk appetite returns
11th Oct 2013 11:20
The FTSE 100 was trading at a two-week high on Friday morning on hopes that ongoing negotiations in the US will result in a short-term deal to raise the borrowing limit in order to avoid a dreaded default. After a 1.5% jump on Thursday, the FTSE 100 was extending gains this morning, rising 0.8% to
Read moreLondon open: Stocks extend gains on hopes over debt-ceiling deal
11th Oct 2013 08:27
UK stocks were making small gains on Friday morning in light of an impressive finish on Wall Street and Asian markets overnight on the back of hopes that US lawmakers could come to a resolution over the impending debt ceiling. Benchmarks in New York surged by at least 2% each - the Dow Jones put it
Read moreBAE on track for double-digit EPS but warns about delays
10th Oct 2013 07:01
Defence group BAE Systems said it was on track for double-digit earnings per share in 2013, but warned it could take a hit from any delays in concluding a jet fighter deal with Saudi Arabia and a protracted US government shutdown. BAE said trading between July 1st and October 9th had matched manage
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreFTSE 100 movers: Carnival continues to fall on poor Q3 results
25th Sep 2013 15:23
Cruise operator Carnival was a heavy faller for the second day in a row after the company disappointed with its third-quarter results and guidance for the full year. Morgan Stanley downgraded its rating on the stock this morning from 'equalweight' to 'underweight' and cut its full-year earnings pe
Read moreBroker tips: Carnival, BAE Systems, Tesco
25th Sep 2013 11:50
Morgan Stanley has downgraded its rating for cruise operator Carnival from 'equalweight' to 'underweight', saying that the stock's valuation looks 'very demanding' following its gloomy third-quarter results and guidance. Morgan Stanley labelled the outlook as "disappointing" after Carnival didn't c
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreBroker snap: UBS lifts BAE Systems target on Middle East potential
25th Sep 2013 11:17
UBS has raised its target price for aerospace and defence group BAE Systems from 450p to 490p and retained its 'buy' rating, saying that potential for business in the Middle East can offset a US downturn. The Swiss bank said it understands that a bid for up to 60 of BAE's Typhoons has been submitte
Read moreLondon close: Stocks up but gains limited on Fed uncertainty, mixed data
24th Sep 2013 16:31
Markets closed slightly higher on Tuesday afternoon after a choppy day though upside was limited as investors focused on mixed data and the uncertain future for Federal Reserve monetary policy. Last week's surprise decision by the Fed to maintain its stimulus programme is still fresh in investors'
Read moreBAE gains on South Korea Eurofighter hopes
24th Sep 2013 15:41
BAE System's share price was given a boost on Tuesday following the news that South Korea has reopened an 8bn-dollar tender to upgrade its ageing air force. Seoul is looking for a fleet of 60 new jets to deal with continuing threats from neighbouring North Korea. Boeing's F-15SE was thought to h
Read moreFTSE 100 movers: Sports Direct and Coca-Cola recover after recent weakness
24th Sep 2013 15:23
FTSE 100 newcomers Sports Direct and Coca-Cola HBC were performing well, rebounding after their recent weakness since entering the top-tier index. Banking stocks were also providing a lift, with Barclays and RBS making gains. Lloyds meanwhile was benefiting from a ratings upgrade by Investec from '
Read moreSector movers: BAE, Rolls-Royce lead aero/defence sector higher
24th Sep 2013 14:27
Aerospace and defence stocks were among the best performers on Tuesday afternoon with gains from sector giants BAE Systems and Rolls-Royce providing a lift. BAE's share price was boosted on the news that South Korea has reopened an $8bn tender to upgrade its ageing air force. Seoul is looking for
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