London midday: Stimulus hopes drive risk appetite
30th Jul 2012 12:03
- Juncker says leaders have 'no time to lose' - Markets await policy decisions by ECB and Fed - Yields fall at Italian bond auction European stock markets were making moderate gains on Monday morning as risk appetite increased on the back of hopes of central bank action this week in Europe and the
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreLondon open: Central bank hopes drive gains early on
30th Jul 2012 08:26
- Leaders have 'no time to lose', says Juncker - Markets await ECB decision on Thursday - QE3 hopes drive gains UK stocks rose in early trading on Monday on the back of hopes that the European Central Bank (ECB) will act this week to stem the Eurozone crisis. Eurogroup head Jean-Claude Juncker sai
Read moreMonday newspaper round-up: BoE, German exit, German banks
30th Jul 2012 07:27
Bank of England policymakers are likely to hold off on a further stimulus injection on Thursday, despite figures that are expected to show the economy was still flat-lining into the third quarter. The Bank's Monetary Policy Committee is expected to leave interest rates on hold at 0.5 per cent and qu
Read moreLondon close: Stocks rally as euro leaders vow to battle crisis
27th Jul 2012 16:59
- Merkel, Hollande pledge lifts markets - Bundesbank still opposed to ECB bond-buying - Barclays surges after half-year beat Markets rocketed on Friday afternoon after European leaders showed their commitment to protect the Eurozone and US economic data beat expectations. German Chancellor Angela
Read moreFTSE 100 movers: Barclays profits beat expectations
27th Jul 2012 16:11
A contrite Marcus Agius, Chairman of under-fire bank Barclays, apologised for the company's involvement in the LIBOR fixing scandal as he unveiled half-year profits ahead of market expectations, causing shares to climb into the top spot. Adjusted profit before tax in the first half of 2012 rose 13
Read moreSector movers: Barclays provides a lift to the banking sector
27th Jul 2012 16:01
Banks were among the best performing stocks on Friday afternoon, helped by the well-received interim results from Barclays and some reassuring remarks by European officials about the debt crisis. Underlying pre-tax profits came in at £4.2bn, 11% ahead of consensus estimates, with investment banking
Read moreBarclays downplays new FSA investigation
27th Jul 2012 12:24
While better than expected results on Friday morning provided a lift for Barclays, the bank has been rocked by news of a new regulatory investigation, this time over fees it paid to advisors when it raised fresh capital in the middle of the credit crunch. The revelation was tucked away on page 73 o
Read moreLondon midday: Stocks flat in Draghi aftermath
27th Jul 2012 11:37
- Markets still digesting Draghi's comments - Barclays leads the risers on the Footsie after first-half beat - 'Fiscal-cliff' worries weigh on sentiment London's stocks swung between gains and losses on Friday morning and were trading broadly flat by lunchtime, as investors continue to ponder over
Read moreBroker tips: Barclays, Pearson, BG Group
27th Jul 2012 11:18
Investec has reiterated its 'buy' rating and 240p target price for UK banking group Barclays, saying that 'value always wins in the end'. "It's one in the eye today for Barclays's many enemies and detractors. H1 2012 underlying profit before tax of £4.2bn is 11% ahead of consensus, driven (as alwa
Read moreBroker snap: 'Bob's rich legacy lives on' at Barclays, says Investec
27th Jul 2012 10:15
Investec has reiterated its 'buy' rating and 240p target price for UK banking group Barclays, saying that 'value always wins in the end'. "It's one in the eye today for Barclays's many enemies and detractors. H1 2012 underlying profit before tax of £4.2bn is 11% ahead of consensus, driven (as alwa
Read moreFriday broker round-up -UPDATE
27th Jul 2012 09:54
African Minerals: Goldman Sachs upgrades to buy. AG Barr: Investec reiterates buy recommendation and 485p target; Shore Capital downgrades to hold; N+1 Brewing downgrades to hold. AstraZeneca: Nordea downgrades to sell. Barclays: Investec maintains buy rating and 240p target. BG Group: UBS cuts
Read moreLondon open: Stocks edge higher, Barclays in demand
27th Jul 2012 09:00
- Peripheral bond yields ease - Markets still digesting Draghi comments - Barclays up after first-half beat The Footsie edged higher in early trading on Friday with Barclays providing a lift after its interim results. Markets were still reacting to yesterday's comments by Mario Draghi, who said tha
Read moreLondon pre-open: FTSE to track US stocks higher
27th Jul 2012 07:35
City sources predict the FTSE 100 will open up 25 points from yesterday's close of 5,573, tracking gains in the US which saw markets rise for a third consecutive session, with the Dow Jones adding more than 200 points on one day. The huge leaps followed comments by the head of the European Central
Read moreRepentant Barclays beats expectations
27th Jul 2012 07:04
A contrite Marcus Agius, Chairman of under-fire bank Barclays, apologised for the company's involvement in the LIBOR fixing scandal as he unveiled half-year profits ahead of market expectations. Adjusted profit before tax in the first half of 2012 rose 13% to £4,227m from £3,725m in the first half
Read more