Broker snap: Nomura prefers Barclays to UK peers
23rd Apr 2012 11:01
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
Read moreMonday broker round-up
23rd Apr 2012 08:56
ARM Holdings: JP Morgan Cazenove upgrades from underweight to neutral, target lifted from 400p to 540p. AstraZeneca: Barclays Capital upgrades from underweight to equal weight, target upped from 3,200p to 3,250p. Aviva: Goldman Sachs upgrades from neutral to buy. Barclays: Nomura reiterates neutr
Read moreMonday newspaper round-up: Holland, BoE, IMF
23rd Apr 2012 07:02
The Dutch prime minister will on Monday launch a bid to salvage his austerity budget amid political chaos that could cost the country its AAA credit rating and plunge Europe's debt rescue plans into disarray. Mark Rutte, who is a key ally of Germany and the Eurozone's "hardliners" on financial disci
Read moreWeek Ahead: Barclays kicks off banking results season
20th Apr 2012 10:57
Barclays kicks off the banking results season on Thursday, while the pharmaceuticals giants are also putting the finishing touches to their trading statements, with Glaxo, Astra and Shire all set to give first quarter updates. Anglo-Dutch Footsie heavyweights Royal Dutch Shell and Unilever will be
Read moreFriday newspaper round-up: Barclays, Aviva, Manufacturers
20th Apr 2012 07:00
The determination to find new blockbuster drugs has encouraged GlaxoSmithKline to bid $2.6 billion for a company that it admits has uncertain prospects. GSK has offered to buy its long-term partner Human Genome Sciences for $13 a share, an 81 per cent premium to the previous day's price. The compani
Read moreLondon close: Footsie flat, gains pared after US data
19th Apr 2012 16:32
- Stocks wobble after US data, French rumours - Spanish auction strong - Cable and Wireless Worldwide extends offer deadline After a solid start, London's blue chip index finished flat on Thursday as weaker-than-expected economic data from the US dampened sentiment late on. US stocks started cauti
Read moreBarclays CEO ties bonus to future targets
19th Apr 2012 14:01
In an effort to stave off further banker-bashing from politicians and the press, Barclays Chief Executive Bob Diamond and Finance Director Chris Lucas are to link half of their 2011 bonuses to the bank's future returns performance. Diamond and Lucas - awarded all-share bonuses in respect of their 2
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreLondon close: Macro data sees stocks surge
17th Apr 2012 16:59
- Footsie at intraday high by the close - Economic data from Eurozone and US boost buying - Banks and miners lead risers in London London's FTSE 100 index surged by nearly two per cent on Tuesday, as upbeat economic data from the Eurozone and US provided a spark in the banking and mining sectors. M
Read moreSector movers: Barclays leads banks higher
17th Apr 2012 16:26
Banks were performing well on Tuesday, following the sell-off seen the day before on the back of Eurozone debt worries. Economic data from both Europe and the US came in broadly better-than-expected, lifting optimism about the global outlook. In particular, Spain issued €3.18bn in short-term govern
Read moreLondon midday: Gains cemented by Spanish auction, ZEW index
17th Apr 2012 11:39
- Spain sees strong demand at debt auction - German ZEW surprises to the upside - Barclays leads banks higher after BofA note Gains for London's blue chip index had been extended by Tuesday lunchtime after some positive newsflow from Europe and a rebound in the banking sector. Spain issued €3.18bn
Read moreLondon open: Stocks rise ahead of Spanish auction
17th Apr 2012 08:38
- Burberry, M and S tumble after trading updates - Banks in demand after yesterday's fall - Eyes on Spanish bond auction UK blue chip stocks opened broadly higher on Tuesday morning, as a rebound in the banking sector offset some poorly received trading updates from Burberry and Marks and Spencer.
Read moreLondon close: Footsie up despite rising yields in Spain
16th Apr 2012 16:59
- Int'l Power leads risers after bid from GDF - Energy stocks lifted by JP Morgan - Financials weighed down by euro worries The FTSE 100 finished slightly higher on Monday with investors shrugging off concerns about the Eurozone periphery as sentiment was lifted by upbeat economic data and the Citi
Read moreLondon midday: Stocks shrug off euro worries
16th Apr 2012 11:38
- Int'l Power rises strongly after GDF SUEZ bid - Spanish 10-year bond yield above six per cent - Lloyds leads financials lower Despite a sell-off in the heavyweight banking sector and the soaring borrowing costs on Spanish debt, the Footsie had extended gains by lunchtime with International Powe
Read moreBroker snap: Barclays still cheap, says Investec
16th Apr 2012 10:29
Investec has again reiterated its buy recommendation for UK lender Barclays, telling investors to 'do the maths' as the stock is still cheap. "Although Barclays enjoyed an 8% two-day bounce prior to Friday's broad sell-off, we continue to believe that the current entry level offers value ahead of t
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