London midday: Traders take profits after recent surge
7th Jan 2013 11:41
Strong gains in the banking sector weren't enough to lift the FTSE 100 into positive territory on Monday morning, as London's benchmark index pulled back from its near two-year high on Friday. "Stock markets in Europe have surrendered early morning slim gains as the temptation to book profits on ma
Read moreLondon open: Footsie pulls back despite strong showing by banks
7th Jan 2013 08:15
After hitting a near two-year high the previous trading session, profit-taking meant that the FTSE 100 opened slightly lower on Monday morning. This was despite relative strength in the banking sector on the back of some better-than-expected news on regulation. The FTSE 100 finished Friday at 6,090
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
Read moreLondon midday: Markets welcome fiscal cliff deal with two per cent surge
2nd Jan 2013 11:40
- US leaders pass budget deal to avert fiscal cliff - Mining and banking stocks celebrate with decent performance - UK manufacturing ends 2012 on a high Mining stocks were registering impressive gains on Wednesday in the aftermath of the US fiscal cliff agreement, which could have plunged the world
Read moreBroker tips: Barclays, Aggreko, Retail stocks
2nd Jan 2013 10:42
Barclays was performing well on Wednesday morning after Investec hiked its target price from 260p to 285p and hailed the lender as its 'preferred UK domestic bank'. Despite an impressive 79% rally over the past five months, the broker said that the shares are still trading "only in line with loss-
Read moreBroker snap: Investec upbeat about Barclays but obstacles remain
2nd Jan 2013 10:41
Barclays was performing well on Wednesday morning after Investec hiked its target price from 260p to 285p and hailed the lender as its 'preferred UK domestic bank'. Despite an impressive 79% rally over the past five months, the broker said that the shares are still trading "only in line with loss-
Read moreLondon open: Fiscal cliff deal ignites risk appetite
2nd Jan 2013 08:21
The FTSE 100 surged on Wednesday morning as investors celebrated the news that the fiscal cliff deal Stateside, with mining and banking stocks benefitting from the increase in risk appetite. "It may have come at the last minute, but US lawmakers finally managed to find some common ground by voting
Read moreLondon close: Investors take profits ahead of Christmas
21st Dec 2012 16:31
- Cancelled 'Plan B' vote results in sell-off - Boehner pledges to continue negotiations - Miners and financials in the red While stocks managed to stage a small comeback in afternoon trade, the UK market finished the week on a dull note, with 'fiscal cliff' fears dampening the festive cheer ahead
Read moreFTSE 100 movers: Miners and financials in the red
21st Dec 2012 15:07
Miners and financial stocks were bearing the brunt of the bearish mood on markets on Friday as investors cut positions in riskier assets on concerns over the US economy. However, Randgold Resources was bucking the trend as gold prices advanced following heavy losses this week. Banks were under th
Read moreLondon midday: Risk appetite scaled back on 'fiscal cliff' fears
21st Dec 2012 11:20
On the last full day of trading before the Christmas holiday, there was little evidence of a 'Santa Rally' on the FTSE 100 with worries about the 'fiscal cliff' Stateside providing a drag on the market. "This week will likely be remembered for the US fiscal cliff hanging over the markets and invest
Read moreLondon open: Stocks fall after Republicans cancel 'plan B' vote
21st Dec 2012 08:20
Concerns over the US 'fiscal cliff' increased overnight after House Speaker John Boehner cancelled a vote on a back-up tax-cut plan after failing to receive enough support by his own party. As expected, stock markets across Europe were registering moderate losses in early trading on Friday. Marke
Read moreLondon close: Gains pared after White House comments on 'fiscal cliff'
19th Dec 2012 16:57
The UK stock market staged a slight 'Santa rally' on Wednesday, with risk appetite increasing before Christmas on the back of a Greek ratings upgrade and a better-than-expected reading of German confidence. "Santa has returned to the markets, bringing some much needed cheer before the Christmas bre
Read moreFTSE 100 movers: Financials, IAG and CRH lead the risers
19th Dec 2012 15:31
Insurance and banking stocks were performing well on Wednesday afternoon after Credit Suisse upgraded its ratings on both sectors this morning. Lloyds was up 4% after the Swiss broker raised its view on European banks to 'benchmark' from 'small underweight', saying that the stock looks "abnormally
Read moreLondon open: Stocks rise on hopes over Greece
19th Dec 2012 08:16
UK stocks were making gains in early trading on Wednesday with sentiment being lifted by improving developments in Greece. Yesterday evening, S&P upgraded its rating for Greece from 'selective default' to 'B-minus'. The yield on a 10-year Greek bond was down 13 basis points at 12.7% this morning.
Read moreWednesday newspaper round-up: Nissan, UBS, Barclays...
19th Dec 2012 06:52
Britain's biggest carmaker has given the British automotive industry a big boost by announcing it is to start building premium-priced cars under its upmarket Infiniti brand in Sunderland. The move by Nissan, which is already bringing Britain its first mass-produced all-electric car, the Leaf, will c
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