London close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreLIBOR scandal takes down another Barclays exec
3rd Jul 2012 14:51
Barclays's Chief Operating Officer (COO) Jerry del Missier has now quit, leaving the bank's boardroom looking a little empty following the resignation of both its Chairman and Chief Executive Officer over the last few days. Del Missier, who was appointed as COO just last month, is to follow in the
Read moreFTSE 100 movers: Aberdeen off on Credit Suisse placement
3rd Jul 2012 13:57
Making headlines this morning was the news that Bob Diamond has called its quits at Barclays, bowing in to political pressure following last week's news that the bank was involved in Libor manipulation. Marcus Agius, who said yesterday that he would resign as Chairman, is to become a full-time Chair
Read moreLondon midday: Barclays, miners provide a lift in London
3rd Jul 2012 11:44
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher Trade was choppy on Tuesday morning, but the Footsie edged higher on the back of strength in the mining sector. However, the index stayed within a narrow range with just
Read moreBroker tips: Barclays, Man Group, Avocet Mining
3rd Jul 2012 10:54
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned. "We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelen
Read moreBroker snap: Diamond's departure eases pressure on Barclays
3rd Jul 2012 10:10
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned. "We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelen
Read moreLondon open: Stocks rise on stimulus hopes; Barclays in focus
3rd Jul 2012 08:31
- US, UK, China and ECB stimulus hopes drive gains - Barclays hits headlines after CEO departs - Miners rise as metals prices advance Hopes that central banks will inject more stimulus into the global economy were boosting UK stocks on Tuesday morning. Yesterday's disappointing manufacturing data
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
Read moreBob Diamond resigns as Barclays CEO
3rd Jul 2012 07:32
Just one day after the Chairman of Barclays resigned over last week's Libor scandal, Chief Executive Officer (CEO) Bob Diamond has called it quits, bowing in to intense pressure from angry politicians over the last few days. The resignation will have immediate effect, the bank said on Tuesday morni
Read moreLondon close: Stocks surge despite US data
2nd Jul 2012 16:44
- Markets eye BoE and ECB policy decisions - US ISM data disappoints - Chinese, UK PMIs beat expectations The FTSE 100 finished near its best levels of the day on Monday as investors shrugged off disappointing US economic data and looked ahead to upcoming policy decisions in Europe and the UK with
Read moreGovernment to launch inquiry into Libor scandal
2nd Jul 2012 16:21
Chancellor of the Exchequer George Osborne said that a review into the way that interbank lending rates are determined is to take place, following last week's revelation that Barclays had been manipulating Libor for its own benefit. It was revealed on Wednesday that Barclays is to pay a £290m fine
Read moreFTSE 100 movers: Aviva rises on restructuring
2nd Jul 2012 16:01
Shares in Aviva leapt on Monday following reports which emerged over the weekend which are saying the insurance giant is set to sell or wind down between 10 and 15 of its 58 businesses. Barclays, the bank which last week was given a £290m fine for manipulating interbank lending rates, was another
Read moreBroker tips: Barclays, Insurers, Capco
2nd Jul 2012 12:18
Investec has reiterated its 'buy' rating and 240p target price for UK lender Barclays, saying that investors should take full advantage of the stock's recent underperformance. Analyst Ian Gordon from Investec said: "As things stand it is unclear whether Barclays 'successfully' manipulated LIBOR rat
Read moreLondon midday: Footsie advances as Barclays rebounds
2nd Jul 2012 11:41
- Better-than-expected manufacturing data from Asia - Eurozone jobless rate at all-time high - UK manufacturing PMI beats forecasts London's blue-chip index held on to gains on Monday morning with Barclays leading the risers as it continues to rebound after last week's sharp falls. Economic data f
Read moreBroker snap: Back Bob at Barclays, says Invesctec
2nd Jul 2012 10:15
Investec has reiterated its 'buy' rating and 240p target price for UK lender Barclays, saying that investors should take full advantage of the stock's recent underperformance. The bank is to pay a £290m fine to UK and US regulators after it was found attempting to control submissions for the London
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