London open: Stocks slip as France downgraded
20th Nov 2012 08:45
With another European nation losing its prized 'AAA' rating last night, UK stocks edged into negative territory on Tuesday morning as Eurozone concerns came back into focus ahead of an extraordinary Eurogroup meeting on Greece. Investors are losing options to safeguard their funds in the highest in
Read moreLondon close: Footsie rallies on US budget hopes
19th Nov 2012 16:53
- Obama confident that 'fiscal cliff' will be dealt with - Markets await Eurogroup meeting on Greece - Egypt PM says Israel/Gaza truce may be near -Reuters - Banks and miners surge on increased risk Stocks rallied on Monday after hitting a four-month low the previous session on the back of increas
Read moreFTSE 100 movers: Barclays rises into first place on upgrade
19th Nov 2012 15:33
Barclays became the top performer after Goldman Sachs upgraded its recommendation to 'buy'. Its analysts wrote that: "Against a backdrop of a new senior management team and ongoing regulatory pressure, Barclays may announce plans to restructure its operations at the group's Strategy Review (Februa
Read moreSector movers: Banking stocks benefit from market surge
19th Nov 2012 15:16
Banking stocks were performing well on Monday afternoon as investors' appetites for risk were sparked by increased hopes over the US budget. Global lender HSBC rose after confirming press speculation that it is mulling a sale of its minority stake in Chinese insurance giant Ping An Insurance. HSBC
Read moreBroker snap: Goldman Sachs makes Barclays a 'buy'
19th Nov 2012 12:35
Goldman Sachs has added Barclays to its 'buy' list with a 12-month price target of 320p. The investment bank's analysts believe the key could be the announcement of plans to restructure at the group's strategy review meeting on February 12th 2013. Goldman Sachs commented: "If Barclays delivers on
Read moreLondon midday: Markets rise as concerns over US budget ease
19th Nov 2012 11:35
Stocks advanced on Monday morning as optimistic comments by US lawmakers over the weekend regarding the budget lifted hopes that the government will come to an agreement to avert the impending 'fiscal cliff' by the January 1st deadline. "Today has very little in terms of economic data to be announc
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read moreSunday newspaper round-up: Gaza, BP, Banks
18th Nov 2012 20:34
President Obama has increased the pressure on Israel and Hamas to agree a truce before a ground war breaks out in Gaza and pushes any prospect of peace "way off in the future". Talks brokered by Egypt were continuing through the fifth day of violence, and Palestinian sources have claimed that a deal
Read moreLondon close: Footsie at two-month low on global uncertainty
15th Nov 2012 16:31
- FTSE 100 at lowest level since early September - US, Eurozone and UK data disappoints - BP reaches settlement with US DoJ Political uncertainty and disappointing economic figures the world over weighed heavily on UK stock markets today, pushing the FTSE 100 close to its lowest levels since early
Read moreFTSE 100 movers: Evraz shares rebound into top spot
15th Nov 2012 15:48
Evraz, the steel, mining and vanadium group, was recovering well a day after proposing that a covenant be removed relating to $577m of outstanding guaranteed notes due 2015. The miner is seeking to remove a covenant requiring the company to maintain the net leverage ratio at or below a specified lev
Read moreLondon midday: Stocks slump on global economic concerns
15th Nov 2012 11:49
US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September. The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreSector movers: Lloyds and RBS lead banks higher after broker comments
12th Nov 2012 14:52
Banking stocks were among the best performers on Monday afternoon with all the big UK lenders making gains. Lloyds was a high riser on the FTSE 100 after UBS raised its target price for the shares from 44p to 46p, saying that the bank's third-quarter results showed "solid progress and improving mom
Read moreMonday newspaper round-up: Greece, Barclays, Britvic
12th Nov 2012 07:08
Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget passed by a 167-128 vote in the 300-member Parlia
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
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