FTSE 100 movers: Admiral shares top the risers after upgrade
9th Nov 2012 16:02
Car insurance giant Admiral was the highest riser of the day today after Bank of America hiked its rating on the stock by two notches from 'underperform' to 'buy'. Analyst William Hardcastle said: "We are shifting our focus away from the PE growth multiple (close to historical low at 10.7 times) t
Read moreSector movers: Talvivaara weighs on industrial metals sector
9th Nov 2012 14:27
Cyclical stocks such as those in the mining and banking sectors were under the weather on Friday afternoon as sentiment on global stock markets continues to be hampered by concerns about Greece's finances. Talvivaara, the FTSE 250 nickel miner, was suffering heavy falls today, pushing the industria
Read moreLondon midday: Greek concerns hammer stocks again
9th Nov 2012 11:35
- Greek bailout delay worries sink markets - Chinese inflation data leaves door open for more stimulus - Admiral gains after upgrade; IAG rises on Iberia plans Concerns about Greece have offset some better-than-expected economic data from China this morning, with the FTSE 100 trading firmly in the
Read moreTuesday newspaper round-up: France, Bonuses, Apple
6th Nov 2012 07:17
The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform. Throwing the guantlet at the feet of the Socialist president Francois Hollande, the IMF said rising tax
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreBarclays Chairman boosts stake after results fail to impress
1st Nov 2012 16:01
Sir David Walker, the newly-installed Chairman of Barclays, has swelled his stake in the company with the addition of 50,000 shares just one day after the company delivered a rise in adjusted third-quarter pre-tax profit. Walker added 50,000 shares at 230.19p each, taking his share in the company
Read moreThursday newspaper round-up: Barclays, Britain, TNK-BP
1st Nov 2012 07:01
Barclays has been ordered to pay a 470m dollars (293m pounds) in fines and other penalties by the US energy regulatory after being found to have manipulated the American electricity market. The US Federal Energy Regulatory Commission (FERC) has provisionally fined Barclays a total of 435m dollars an
Read moreLondon close: Sandy aftermath and Eurozone concerns sink stocks
31st Oct 2012 16:37
The resumption of trading on Wall Street after a two-day closure and a meeting of Eurozone finance ministers was enough to weigh on London's stock market on Wednesday, not to mention some sharp falls from heavy hitters BG Group and Barclays. US benchmarks re-opened in the red today after Hurricane
Read moreFTSE 100 movers: BG dives after slashing production guidance
31st Oct 2012 15:27
BG Group shocked the market today by cutting back production guidance as a result of a number of delays to project start-ups. It now expects full-year production will be just three per cent higher than in 2011, while 2013 output is not expected to show any growth at all. The firm also announced th
Read moreLondon midday: BG and Barclays provide a drag on the Footsie
31st Oct 2012 11:48
- BG drops nearly 20 per cent after cutting guidance - Barclays disappoints with Q3 results - US markets to re-open following two-day closure After a stable start, the FTSE 100 had dropped into negative territory by Wednesday lunchtime, with heavy falls from BG Group and Barclays providing a drag o
Read moreBroker tips: Barclays, BG Group, Lonmin
31st Oct 2012 11:05
Nomura has maintained its 'reduce' rating and 210p target price for UK banking giant Barclays, labelling the firm's third-quarter results as 'underwhelming'. The broker said in a 'First Look' research report that, given Barclays had pre-announced, the focus was on whether the underlying mix of earn
Read moreBroker snap: Barclays results are 'underwhelming', says Nomura
31st Oct 2012 10:33
Nomura has maintained its 'reduce' rating and 210p target price for UK banking giant Barclays, labelling the firm's third-quarter results as 'underwhelming'. The broker said in a 'First Look' research report that, given Barclays had pre-announced, the focus was on whether the underlying mix of earn
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreLondon open: Stocks rise but Barclays limits gains
31st Oct 2012 08:44
- Barclays falls after unveiling two new US probes - US stock market expected to open today - Asian data lifts the mood UK stock markets edged higher in early trading on Wednesday despite some poorly-received third-quarter figures from Barclays and Next early on, The New York Stock Exchange is ex
Read moreBarclays meets forecasts but unveils two new US probes -UPDATE
31st Oct 2012 07:28
Barclays swung to a statuary loss before tax in the third quarter, but the adjusted bottom line - a better measure of its underlying performance - saw strong growth when excluding the 1.8bn pounds in own credit charges and compensation for mis-sold Payment Protection Insurance (PPI). On an adjusted
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