London close: Footsie finishes higher after late rally
25th May 2012 17:00
- Consumers upbeat in US, Germany - Germany adviser says Greek bailout terms should be changed - Greek uncertainty still apparent The FTSE 100 rallied to close slightly higher on Friday, helped by some positive consumer confidence data in the US and Germany, but gains were limited as the focus cont
Read moreLondon open: German confidence data boosts stocks
25th May 2012 08:28
The FTSE 100 edged higher in early trade on Friday morning on a relatively quiet day for company news after German consumer confidence data lifted sentiment. GfK said that its forward-looking German consumer confidence index held steady at 5.7 points for June, unchanged from May. "Consumer sentimen
Read moreLondon close: Stocks surge as JPMorgan hints at ECB stimulus
24th May 2012 16:38
-JP Morgan suggests ECB rate cut, LTRO restart -EU leaders make little progress -UK contracts more than expected in Q1 An underwhelming EU summit and a barrage of disappointing economic figures failed to hold back gains on Thursday, as the Footsie rebounded following yesterday's steep sell-off. C
Read moreThursday newspaper round-up: BoE, Facebook, BAE
24th May 2012 07:08
No "rational person" would want to see Greece leave the Eurozone, Nick Clegg will say today, warning that Britain will be worse off if the currency starts to break up. Markets tumbled again on Wednesday in reaction to fears that Greece's exit was being prepared. David Cameron was in Brussels pleadin
Read moreLondon close: Stocks sink on Greek exit speculation
23rd May 2012 16:39
- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation incre
Read moreLondon midday: Triple-digit losses for the Footsie
23rd May 2012 11:30
- Papademos says preparations being made for Greek exit - CBO warns of US recession - Chinese growth to be hampered if Greece leaves euro London blue-chip index was registering steep losses on Wednesday as gains from the last two days were almost completely erased ahead of the EU summit this evenin
Read moreWednesday broker round-up
23rd May 2012 09:29
Barclays: Investec maintains buy recommendation and 240p target. BTG: Jefferies keeps buy rating and 410p target. Burberry: Nomura remains a buyer with a 1,530p target; Merchant Securities keeps hold rating; Investec reiterates buy rating and 1,690p target. Cobham: UBS ups target from 255p to 260
Read moreLondon open: Stocks drop ahead of EU summit
23rd May 2012 08:33
- Risk aversion ahead of EU summit - Papademos warns of 'catastrophic' effects - Burberry sinks after full-year results The Footsie sank in early trading on Wednesday as investors showed caution ahead of an eagerly-awaited EU summit later on this evening. Weighing on sentiment early on were commen
Read moreLondon pre-open: FTSE to fall ahead of European summit
23rd May 2012 07:30
City sources predict the FTSE 100 will open down 63 points from yesterday's close of 5,403, tracking Asian stocks lower as hopes of action from a meeting of European leaders being held later today fade. The drop puts an end to what had been a strong start to the week. UK banking titan Barclays ha
Read moreBarclays prices Blackrock offering
23rd May 2012 07:01
UK banking titan Barclays has announced the pricing details of the open offer part of its recently announced sale of its stake in US wealth management giant Blackrock. Barclays has agreed to sell 26.2m shares of Blackrock in an underwritten public offering at a price of $160 a share. In addition, a
Read moreLondon close: Financials, miners benefit from increase risk appetite
22nd May 2012 16:47
-Risk-on as miners and financials advance -Eurobonds in focus ahead of EU summit -OECD cuts Eurozone GDP forecast The FTSE 100 surged to its highest levels of the day on Tuesday as increased risk appetite bolstered gains for financial and mining stocks. Investors were looking ahead to tomorrow's EU
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreFTSE 100 movers: Miners, financials recover after recent falls
21st May 2012 16:40
Miners and financial stocks were among the best performers of the day on Monday as the Footsie rebounded after slumping to a six-month low on Friday. Vedanta Resources, Polymetal, Xstrata and Glencore were making decent gains in afternoon trade on rumours that China could act to counter a slowdown
Read moreBroker snap: Barclays's BlackRock disposal unexciting but 'sensible', says Investec
21st May 2012 16:38
Investec has reiterated its buy recommendation and 240p target price for UK banking group Barclays following the news that it intends to sell its entire stake in BlackRock, saying that the deal is sensible but perhaps 'not transformational'. "In 2009, the disposal of Barclays Global Investors to Bl
Read moreBarclays to profit from sale of Blackrock stake
21st May 2012 11:49
Barclays is to sell its near one-fifth stake in the world's biggest asset manager, US firm Blackrock. Barclays currently holds BlackRock common stock and Series B convertible participating preferred stock which together represent a 19.6% economic ownership interest in BlackRock. The Series B stock
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