London 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 moreFriday preview: LIBOR scandal looms over Barclays
26th Jul 2012 18:00
After Thursday's avalanche of results it is tempting to suggest that there can't be any FTSE 100 companies left who have still to update the market in July, and yet Friday should see at least four heavyweights report: Anglo American, Barclays, Pearson and United Utilities. Interim results for Barcl
Read moreCarnwath walks the plank at Barclays
25th Jul 2012 12:13
Alison Carnwath, the chair of the remuneration committee at Barclays, has resigned from the board of the controversial British bank. Citing "personal reasons", Carnwatch has given up here role as a non-executive director of Barclays. "With regret I have concluded that I am no longer able to devote
Read moreLondon close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read moreBroker tips: UK banks, Carpetright, Dragon Oil
24th Jul 2012 10:49
Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise. The broker labels Barclays (target price of 240p) as a "key value play" and its top pick in the sector. M
Read moreBroker snap: Investec positive on UK banks ahead of results reason
24th Jul 2012 09:55
Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise. "With limited scope for negative surprise on impairments and with a predictable weak outlook for revenues
Read moreLondon open: Market extends losses on euro worries
24th Jul 2012 08:29
- Footsie continues to fall as Spanish yields rise - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Miners, banks provide a drag in London - Moody´s criticizes gradualist approach to crisis resolution - Goldman Sachs AM President calls for radical ECB action -BBC UK stocks edged
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
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