London close: Stocks fall on concerns over Eurozone
19th Oct 2012 16:44
- EU leaders agree to banking supervisor by January - Aggreko and Bunzl lead fallers in London - US heavyweights disappoint with Q3 results The FTSE 100 index had sunk firmly into the red by the close on Friday as investors awaited further news from the European summit. Aggreko and Bunzl were regis
Read moreFTSE 100 movers: Hammerson rises on office sale
19th Oct 2012 16:02
Hammerson, the property company that has spent much of the year selling off its offices, rose on news that it continues to recycle the cash into shopping centres with the acquisition The Junction Unit Trust. The group has paid £254.5m for the trust, which owns four prominent retail parks in strong
Read moreBarclays to cut jobs at EMEA equities division
19th Oct 2012 14:09
Barclays is planning on cutting jobs at its Europe, Middle East and Africa (EMEA) equities division in an effort to scale back costs. Around a tenth of the employees at the EMEA equites unit, which employs over 500 people, are at risk of losing their jobs, according to Bloomberg on Friday afternoon
Read moreLondon midday: Stocks fall as investors await Eurozone developments
19th Oct 2012 11:32
- EU summit in focus - US corporate results disappoint - Aggreko and Bunzl provide a drag on the FTSE 100 The Footsie was slightly lower by Friday lunchtime but was trading within a narrow range of just 19 points as investors awaited further news from the two-day EU summit in Brussels. "The second
Read moreBroker tips: Barclays, Burberry, Aggreko
19th Oct 2012 10:48
Nomura has retained its 'reduce' recommendation and 210p target price for Barclays following the revelation of more PPI provisions, saying that the bank is entering a period of potential negative catalysts. As for the upcoming adverse catalysts, the PPI issue is unsurprisingly the first of many ne
Read moreBroker snap: Negative catalysts on their way for Barclays, says Nomura
19th Oct 2012 10:46
Nomura has retained its 'reduce' recommendation and 210p target price for Barclays following the revelation of more PPI provisions, saying that the bank is entering a period of potential negative catalysts. Barclays announced last night that it has set aside a further £700m in provisions against t
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreLondon open: Stocks flat with US earnings and EU summit in focus
19th Oct 2012 08:31
- Sentiment dampened by Microsoft and Google - EU summit in focus - Aggreko, Bunzl and financials provide a drag Worse-than-expected results from some US blue chips and the EU summit were in the spotlight on Friday morning, keeping UK stocks flat early on. "European equities are trading lower this
Read moreLondon close: Barclays limits gains after PPI confession
18th Oct 2012 16:44
- Barclays to take another unexpected hit from PPI claims - Chinese data boosts miners - Markets cautious before EU summit After swinging between gains and losses for most of the session, UK stocks finished flat on Thursday despite some robust growth figures from China, as some worse-than-expected
Read moreBarclays to take another unexpected hit from PPI claims
18th Oct 2012 16:23
Barclays has just announced that it has set aside a further 700m pounds in provisions against the possible costs associated with compensating customers for mis-sold payment protection insurance (PPI), taking its total provisions for this concept to 2bn pounds. That is the second largest such provis
Read moreFTSE 100 movers: IAG rises following IATA stats and buy reiteration
18th Oct 2012 15:09
Shares in IAG got a boost after international trade body the IATA announced that much of August's rise in premium passenger numbers came from the North Atlantic, where British Airways, an airline owned by IAG, dominates. The firm was also boosted by Investec's decision to reiterate its buy recommend
Read moreFTSE 100 movers: Miners soaring ahead of Chinese Q3 growth data
17th Oct 2012 15:40
Miners were firmly higher on the FTSE, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to increase demand for commodities. Metals futures were higher for gold, silver, platinum and copper. Chinese Premier Wen Jiabao was quoted as saying th
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 100 movers: Financials, miners jump on increased risk appetite
16th Oct 2012 15:03
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US. Lloyds, Admiral, Royal Bank of Scotland and Barclays were leading financials hig
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
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