London midday: Footsie flat as AstraZeneca provides a drag
26th Apr 2012 11:51
- Footsie flat after strong start - AstraZeneca drops after disappointing first-quarter results - Domestic economic data comes in mixed After a strong rise early on, the FTSE 100 had erased gains to trade broadly flat by lunchtime after a mixed reception to a barrage of company results and trading
Read moreBroker snap: Nomura highlights 'deteriorating' outlook at Barclays
26th Apr 2012 10:30
Nomura has maintained its neutral rating and 268p target price for UK lender Barclays saying that while the first-quarter results were slightly better than expectations, the second-quarter outlook is 'deteriorating'. Both revenue (£8,14bn) and adjusted pre-tax profit (£2.445bn) came in ahead of con
Read moreBarclays beats forecasts but gives cautious outlook
26th Apr 2012 09:34
Adjusted profits at UK lender Barclays came in well above expectations in the first quarter of 2012, but the company gave a cautious outlook owing to 'continued challenging market conditions'. Adjusted pre-tax jumped 22% from £2,004m registered in the first three month of 2011 to £2,445m this year.
Read moreLondon open: Footsie rises after barrage of results
26th Apr 2012 08:36
- Unilever, Shell, Whitbread, Barclays rise after results/updates - Astra, Croda, Admiral provide a drag - Fed expects growth to 'pick up gradually' The FTSE 100 was heading for its third consecutive rise on Thursday with some well-received results from Unilever, Royal Dutch Shell, Whitbread and Ba
Read moreThursday broker round-up - UPDATE
26th Apr 2012 08:36
Admiral: Oriel Securities retains sell rating and 740p target. AstraZeneca: Panmure Gordon maintains buy rating and 3,600p target. Barclays: Nomura reiterates neutral rating and 268p target; Exane BNP Paribas keeps outperform rating and 300p target; Oriel Securities keeps buy rating and 285p targe
Read moreLondon pre-open: Small rise expected in early trading
26th Apr 2012 07:39
City sources predict the FTSE 100 will open up 13 points from yesterday's close of 5,719, following comments from Federal Reserve Chairman Ben Bernanke on Wednesday that US monetary policy was 'more or less in the right place', indicating further quantitative easing in the near-term is unlikely.
Read moreAdjusted profits jump at Barclays
26th Apr 2012 07:05
Adjusted profits at UK lender Barclays surged by over a fifth in the first quarter of 2012, well above expectations. Adjusted pre-tax jumped 22% from £2,004m registered in the first quarter of 2011 to £2,445m this year. Consensus estimates were for a reading of £2,006m. Adjusted results exclude the
Read moreThursday preview: Barclays, Astra, Shire and Shell
25th Apr 2012 18:23
Barclays kicks off the banking results season on Thursday, but it will have plenty of competition for headline space from other heavyweights reporting on the same day, including pharmaceuticals giants Astra and Shire, plus Anglo-Dutch titans Royal Dutch Shell and Unilever. The results statement fro
Read moreLondon midday: Stocks pare gains after GDP data
25th Apr 2012 11:54
- Footsie gains despite GDP data - Draghi continues to see downside risks - ARM rises on Apple earnings, broker upgrades After a strong start, the FTSE 100 index pared gains in mid-morning trade following some gloomy economic data that showed that the UK fell back into a 'technical' recession in th
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreLondon midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
Read moreBroker tips: Barclays, Heritage Oil, Gulf Keystone
23rd Apr 2012 11:30
Nomura has retained its neutral stance and 268p target price for UK lender Barclays ahead of its first-quarter statement due on Thursday April 26th. Despite its cautious view, Nomura does say that it prefers Barclays to its Eurozone peers, "given the headwinds faced by continental European economie
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