Thursday newspaper round-up: BP, Brazil, Comet...
29th Nov 2012 07:00
BP has been blocked from seeking new contracts with the US government because of the oil company's lack of business integrity' during the Gulf of Mexico oil disaster, the Environmental Protection Agency said Wednesday. The temporary order bans BP from competing for new oil leases in the Gulf of Mexi
Read moreLondon close: Markets pare gains as investors digest Greek deal
27th Nov 2012 16:39
- Europe grants Greece more aid - OECD cuts growth estimates - Footsie comes off day's highs by the close After a solid start for the Footsie following last night's Greek bailout deal, gains were pared by the close of trade on Tuesday with some saying that the agreement just kicks the can down the
Read moreFTSE 100 movers: Banks give FTSE boost
27th Nov 2012 15:21
Banking peers Royal Bank of Scotland, Lloyds and Barclays were registering decent gains as investors built positions in 'riskier' assets. RBS was benefitting this morning from an rating upgrade by UBS to 'buy'. Meanwhile, Barclays Capital raised its target price for both RBS and Lloyds, helping prov
Read moreLondon midday: Stocks hold on to gains despite gloomy OECD forecast
27th Nov 2012 11:28
- Greek aid deal lifts stocks - OECD cuts growth forecasts - UK Q3 GDP growth confirmed at one per cent Stock markets across Europe were trading firmly in positive territory on Tuesday morning following last night's Greek aid deal; however the bounce was only moderate with analysts saying that the
Read moreLondon open: Footsie gains after Greek deal
27th Nov 2012 08:25
Banks and mining stocks were providing a lift to equity markets on Tuesday morning as risk appetite increased on the back of last night's Greek bailout deal. After countless delays, Eurozone finance ministers finally inked out an agreement on Greece, giving the green light to the disbursement of th
Read moreLondon close: Stocks dragged into the red by Barclays
26th Nov 2012 16:25
- Osborne names Canadian as new Bank of England chief - Agreement on Greece a real possibility tonight - Barclays leads bank stocks lower UK equities ended the day firmly lower, with banks weighing heavily on the Footsie after Deutsche Bank AG and Goldman Sachs agreed to sell as many as 303.3m sha
Read moreSector Movers: Banks become biggest fallers, dragged by Barclays
26th Nov 2012 15:44
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group from fallin
Read moreFTSE 100 movers: Barclays drags banks lower
26th Nov 2012 15:04
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group falling. Th
Read moreLondon midday: Stocks dip lower ahead of Eurogroup meeting
26th Nov 2012 12:06
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities had fallen slightly lower by midday, despite what appeared like relatively positive news-flow on a number of fronts. To a certain extent however, stocks may be t
Read moreLondon open: Markets start week on a weak footing
26th Nov 2012 08:37
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities began the week with light losses despite what appears like relatively positive news-flow on a number of fronts. Thus, the easiest explanation for the above contra
Read moreMonday broker round-up UPDATE
26th Nov 2012 07:18
Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:
Read moreMonday newspaper round-up: Barclays, Taxes, Gemfields,
26th Nov 2012 06:24
Some of Barclays's biggest investors have urged Antony Jenkins, the bank's new chief executive, to take an axe to its investment bank. At meetings with investors in recent weeks, at least three of the 30 biggest shareholders have told Mr Jenkins and other senior Barclays executives that the UK group
Read moreLondon close: Stocks rebound as 'Glenstrata' deal pushed through
20th Nov 2012 16:32
- Xstrata shareholders approve merger with Glencore - Hamas official says ceasefire has been agreed - Eurogroup meeting on Greece kicks off in Brussels After a poor start on Tuesday, UK stocks rallied in afternoon trade to finish broadly flat after shareholders approved the merger between FTSE 100
Read moreFTSE 100 movers: Xstrata rises on merger agreement
20th Nov 2012 16:04
Xstrata shares have jumped after the company's shareholders gave their approval on a merger between it and commodities trading giant Glencore, sealing the deal on what has been 10 months of discussions. However, investors voted against the controversial retention package for its managers. Fashion c
Read moreLondon midday: Markets cautious ahead of Eurogroup meeting on Greece
20th Nov 2012 11:27
Following on from a 2.36 per cent surge yesterday, the FTSE 100 pulled back on Tuesday morning with concerns about the Eurozone being reignited ahead of an extraordinary Eurogroup meeting on Greece scheduled for this evening. Eurozone finance ministers are meeting today in Brussels to discuss wheth
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