London open: Markets turn cautious ahead of risk events this week
3rd Apr 2013 08:41
Markets shrugged off some strong economic data from China on Wednesday morning to trade firmly in the red with traders nervous ahead of central bank meetings tomorrow and US employment data on Friday. "European markets opened cautiously today as investors opted to mirror the lack of enthusiasm show
Read moreLondon pre-open: FTSE set to decline in early trading
3rd Apr 2013 07:29
City sources predict the FTSE 100 will open down 18 points from yesterday's close of 6,491, following a mixed performance across Asia overnight, with Japanese stocks rising strongly on the back of a potentially crucial central bank policy meeting. In the US, equities climbed Tuesday as new data poi
Read moreBabcock unveils strong progress in full-year results
3rd Apr 2013 07:06
UK engineering company Babcock International Group said on Wednesday its annual results will show 'strong progress' on the previous year. In a trading statement ahead of the firm's results for the year ended March 31st 2013, Babcock announced it had traded well on a healthy pipeline of contracts i
Read moreSunday share tips: Babcock, IAG, Aberdeen Asset Management
31st Mar 2013 16:11
Last Thursday shares of engineering and outsourcing giant Babcock International hit roughly twice their level of five years ago. The company - whose businesses span everything from baggage handling at Heathrow airport to building frigates for the Royal Navy - is humming, bolstered by orders from bot
Read moreFTSE 100 movers: M&S leads risers on Qatar rumours
18th Mar 2013 15:43
Takeover speculation at M&S stepped up a gear this weekend with Qatar's sovereign wealth fund thought to be mulling a bid for the High Street giant worth eight billion pounds. According to the Sunday Times, the Qatar Investment Authority is said to be assembling a consortium of private-equity invest
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreLondon midday: AstraZeneca, Shell provide a drag on the Footsie
31st Jan 2013 11:36
A host of FTSE 100 heavyweights disappointed with earnings reports on Thursday morning, as market sentiment was still fragile after yesterday's shock economic contraction in the States. The world's largest economy shrank by 0.1% in the last three months of last year, a stark contrast to the 3.1% gr
Read moreLondon open: FTSE 100 slips on mixed corporate earnings
31st Jan 2013 08:18
The FTSE 100 slumped in early trading on Thursday with heavyweight stocks AstraZeneca, Diageo, Shell and Vedanta providing a drag after disappointing the market with results. Stocks were also tracking US and Asian markets lower after yesterday's news that the US contracted in the fourth quarter of
Read moreLondon pre-open: FTSE expected to drop in early trade
31st Jan 2013 07:28
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 6,323, tracking declines seen in the US and Asia overnight. The main US equity benchmarks finished the day trading slightly lower, following the announcement of a surprise drop in fourth quarter 2012 gross domesti
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreBabcock confident of strong progress
31st Jan 2013 07:05
FTSE 100 engineering support services company, Babcock said it has traded well in the interim period from October to date and remains confident of meeting expectations for the year. The group added that market conditions remain positive, with bidding activity high across the group, making it confid
Read moreTuesday newspaper round-up: Bumi, Yahoo, Osborne...
29th Jan 2013 06:40
Nat Rothschild escalated his battle with Bumi's board yesterday, dismissing their plans for a radical shake-up of the Indonesian coal miner he co-founded - before they had even been announced. Mr Rothschild, pictured, rubbished the promotion of Eko Budianto to be new head of a key Bumi subsidiary, d
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreLondon close: FTSE 100 cracks 6,000 after US budget deal
2nd Jan 2013 16:30
- Footsie surges 2.2 per cent - Global stock markets rally, helped by manufacturing figures - Miners benefit from increased risk appetite The FTSE 100 surged past the psychologically-important level of 6,000 on Wednesday as stock markets across the globe celebrated the last-minute deal by US politi
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