London midday: Banks decline on LIBOR probe
26th Oct 2012 11:36
- Markets nervous ahead of US GDP - More banks linked to LIBOR manipulation - German confidence beats forecasts Caution ahead of today's US gross domestic product (GDP) report and news that more banks have been tied to the LIBOR manipulation scandal weighed on European markets on Friday, with the F
Read moreLondon open: Stocks decline ahead of US GDP
26th Oct 2012 08:28
- Stocks nervous after US corporate earnings - Markets cautious ahead of US GDP - Anglo advances on CEO exit The FTSE 100 index declined in early trading on Friday as markets showed caution ahead of a pivotal gross domestic product (GDP) report due out in the US this afternoon. The report, schedul
Read moreFTSE 100 movers: Carnival rises on Royal Caribbean's outlook
25th Oct 2012 15:14
Cruise operator Carnival rose three per cent, making it the top riser among FTSE 100 stocks in afternoon trade, buoyed by news that its US rival Royal Caribbean has raised its full-year forecast. Carnival had to cut prices to get people back on board with the idea of cruise holidays after the Costa
Read moreThursday newspaper round-up: GDP, Barclays, BP
25th Oct 2012 06:35
David Cameron on Wednesday promised "the good news will keep coming" as his error-prone government prepared to seize on new data that is expected to show Britain's double-dip recession is over. Mr Cameron hopes Thursday's release of GDP statistics for the third quarter - including the period of the
Read moreFTSE 100 movers: ARM in top spot on yesterday's ace results
24th Oct 2012 14:54
Chip designer ARM Holdings continued to make gains after its impressive third-quarter results yesterday. It was announced yesterday morning that the company beat forecasts in the third quarter and gave a confident outlook for the rest of the year. The semiconductor intellectual property group said
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreFTSE 100 movers: Miners rise on improved Eurozone outlook
22nd Oct 2012 15:25
Mining and banking stocks were among the best performers on the improving outlook for the Eurozone, with Anglo American, Fresnillo, Antofagasta, Vedanta, and Glencore all rising higher. Barclays and Lloyds were also doing well, boosted by news of a decent outcome for Spanish Prime Minister Mariano
Read moreLondon midday: Stocks push into the blue on Eurozone news
22nd Oct 2012 11:48
-Japanese exports disappoint -Merkel says Irish bank debt is a 'special case' -Miners and banks provide a lift After an earlier fall into the red, London's FTSE 100 was making slight gains by Monday lunchtime as improving news-flow from the Eurozone helped to offset some disappointing economic data
Read moreLondon 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
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