London open: Stocks flat early on despite mining strength
10th Sep 2012 08:28
- Stocks pause after last week's ECB rally - Markets await FOMC meeting - Miners up early on, UBS sees QE boost for sector London's blue-chip index opened broadly flat in early trading on Monday as investors remained nervous ahead of another pivotal week for the global economy. Stocks were given a
Read moreLondon close: Stocks extend gains as QE3 hopes increase
7th Sep 2012 16:48
- Markets buoyed by ECB's plans - QE3 hopes increase as jobs data disappoints - Xstrata and the miners jump, though Glencore bucks the trend In spite of some massive gains the day before, the FTSE 100 and most other stock markets in Europe finished moderately higher on Friday on hopes that central
Read moreLondon midday: Stocks add to gains on Eurozone hopes
7th Sep 2012 11:38
- FTSE 100 extends rally after ECB news - Eyes on US data later today - Glencore adjourns shareholder meeting, amends merger terms The Footsie was well off its intraday high of 5,807 by Friday lunchtime, but still trading slightly higher following the massive gains made yesterday as the European Ce
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreLondon open: Stocks flat, Glencore adjourns shareholder meeting
7th Sep 2012 08:36
- Stocks extend gains after ECB bond-buying plan - ECB buys Europe some time, says analyst - Glencore lower ahead of shareholder vote UK stocks were flat on Friday morning in spite of an impressive performance in the mining sector, as markets were relatively subdued following some massive gains the
Read moreFTSE 100 movers: ECB bond-buying plan spurs risk appetite
6th Sep 2012 15:33
The heavyweight mining and banking sectors rejoiced the European Central Bank's (ECB's) bond-buying plan on Thursday with investors hoping that this could mark a turning point in the ongoing Eurozone debt crisis. Vedanta, Antofagasta and Randgold were leading the charge in the resource sector while
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreLondon open: Stocks gain on ECB optimism
6th Sep 2012 08:34
- Crucial day for Europe, ECB decision eyed - Bank of England expected to hold fire - Whitbread, Morrisons and miners lead risers Some strong gains from Whitbread, Morrisons and host of miners assured that the Footsie got off to a decent start on Thursday morning, as markets awaited a pivotal polic
Read moreChancellor challenges Barclays' claims on tax dodge
6th Sep 2012 07:38
In a letter written to Andrew Tyrie, chairman of the Treasury Select Committee, the Chancellor, George Osborne, has publicly questioned the veracity of Barclays' explanation of its now notorious £300m tax dodge. During his testimony to parliament this past spring Barclays' then chief executive, Bob
Read moreThursday newspaper round-up: Saudi Arabia, RBS, Obama
6th Sep 2012 06:36
A report by Citigroup has warned that Saudi Arabia could run out of oil to export by 2030, raising fears that oil prices may rise significantly in coming years. The Kingdom is the world's largest oil producer, accounting for about 13 per cent of global supply, but it may need to use a growing share
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
Read moreLondon pre-open: Stocks cautious after Moody's lowers EU outlook
4th Sep 2012 07:32
London's Footsie is expected to open just a few points lower than yesterday's close of 5,758 after Moody's lowered the European Union's outlook. Credit ratings agency Moody's last night maintained the EU's 'Aaa' rating but lowered its outlook for the region from 'stable' to 'negative' to reflect "t
Read moreTuesday newspaper round-up: Fragmentation, EU, Tax-cuts
4th Sep 2012 06:37
Interest rates paid by companies in the Eurozone's weaker economies have surged, highlighting the bloc's fragmentation as the European Central Bank loses control of borrowing costs. ECB data on Monday showed Spanish small businesses face the highest bank borrowing costs in almost four years - while
Read moreSunday newspaper round-up: Barclays, IAG, Xstrata
2nd Sep 2012 18:19
Barclays's new chief executive has warned that its huge investment bank will be scaled back in response to tough new regulations and a stagnant economy. Antony Jenkins told The Sunday Times that he would not rely on a rebound in the global economy to fuel profit growth at the investment banking arm,
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
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