London midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreLondon open: Footsie rebounds from six-month low
21st May 2012 08:40
- G8 summit fails to lift sentiment as euro worries persist - Chinese stimulus speculation does the rounds - Man Group surges early on Despite an underwhelming G8 summit at the weekend, London's blue chip index opening slightly higher on Monday morning after slumping to its lowest levels since mid-
Read moreLondon close: Footsie battered again
18th May 2012 16:53
Footsie finished not far off its low for the day after a lunch-time rally fizzled out. With speculation rife in Spain that a ban on short-selling stocks might be reintroduced, holders of stock in UK banks Lloyds, Royal Bank of Scotland and Barclays could be forgiven that might not be such a bad id
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreFTSE 100 movers: Miners drop, pushed lower by Jefferies downgrade
17th May 2012 15:22
Mining and financial stocks were providing a drag on the Footsie today, as investors continue to flee from 'risker' assets amidst the global economic uncertainty. Providing further downward pressure on the resources sector was US broker Jefferies after having slashed its target prices for mining sto
Read moreLondon midday: Greek crisis continues to dampen sentiment
17th May 2012 11:59
- IMF tells Greece to stick to austerity - FOMC expresses concerns over euro crisis - Yields rise at Spanish bond auction, again Greek uncertainties, gloomy comments from the US Federal Reserve and rising bond yields in Spain knocked another one per cent off the value of the FTSE 100 on Thursday, a
Read moreLondon close: Stocks fall on Greek exit talk
16th May 2012 16:22
- Greek exit speculation sinks stocks again - ECB stops funding to some Greek banks (report) - Eurozone crisis to limit UK GDP in 2012, says BoE After a temporary foray into positive territory, the FTSE 100 slipped late on to finish in the red for a third straight day as concerns over a potential G
Read moreFTSE 100 movers: Miners once again taking the hit
16th May 2012 15:50
Miners were once again bearing the brunt of the risk-off attitude that has gripped markets over the last week as metals prices continue to fall. Xstrata, Glencore and Fresnillo and were among the worst performers. Both Xstrata and Glencore were also being pressured lower by downgrades from UBS. S
Read moreWednesday broker round-up - UPDATE
16th May 2012 08:26
Babcock: UBS raises target from 880p to 950p, buy recommendation unchanged. Barclays: UBS upgrades from neuter lot buy, target cut from 272p to 215p. Cineworld: Merchant Securities maintains buy rating and 244p target. Compass Group: Numis upgrades from add to buy, target left at 750p. Experian:
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreFTSE 100 movers: Banks and miners take a hit
14th May 2012 14:05
Lloyds, Barclays and RBS were the among the worst-performing stocks in London "as investors are concerned about the losses other banks have incurred 'hedging their risk' following the 2bn dollar loss by JP Morgan Chase & Co", Alpari's Erlam said. HSBC was also out of favour after announcing that the
Read moreLondon midday: Footsie down nearly two per cent on Greek uncertainty
14th May 2012 11:51
- Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie The FTSE 100 index traded broadly sideways in morning trade, holding on to the steep losses seen in the opening hour on the back
Read moreLondon open: Stocks sink on Greek exit speculation
14th May 2012 08:33
- Political uncertainty in Greece, Germany weighs on sentiment - Officials consider Greek euro exit - Banks, miners drag on the FTSE 100 European equity markets were a sea of red on Monday morning as continuing concerns over the political situation in Greece fuelled a sell-off early on. The Footsie
Read moreAlmost half of UBM shareholders refuse to back director pay
14th May 2012 08:10
A third of UBM shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports. At the global media company's annual general meeting 36% of shareholders, representing 55.5m shares, voted
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
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