London 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
Read moreLondon open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreMonday broker round-up - UPDATE
16th Apr 2012 08:22
AMEC: Investec keeps buy rating and 1,300p target. AVEVA: Merchant Securities maintains buy recommendation and 1,800p target; Invetec cuts target from 1,900p to 1,850p, buy rating kept. Barclays: Investec maintains buy rating and 240p target. BHP Billiton: UBS cuts target from 2,500p to 2,400p, b
Read moreLondon close: Footsie drops to intraday low on weak macro data
13th Apr 2012 16:36
- Macro data scares away bulls - Financials drag blue-chip index lower - Footsie down 1.3 per cent on the week The Footsie finished Friday's session close to its worst levels of the day as investors fretted about the global economic outlook; data from China and the US came in worse-than-expected a
Read moreLondon close: Banks, miners lead the rebound
11th Apr 2012 16:43
- Spanish, Italian yields fall on ECB intervention speculation - Barclays leads banks higher after upgrade - UK retail sales values rise in March London's FTSE 100 index finished Wednesday's session strongly following a steep fall yesterday, as investors saw opportunity to build positions in two he
Read moreFTSE 100 Movers: Barclays boosted by upgrade
11th Apr 2012 13:38
Shares of banking giant Barclays were performing well, helped by an upgrade from Investec, which recommended investors build positions following the stock's recent underperformance. Mining giant Vedanta Resources was also back on the up one day after yesterday reporting that it continues to see re
Read moreBroker tips: Barclays, Shell, Michael Page
11th Apr 2012 12:41
Shares of banking giant Barclays were performing well on Wednesday morning, helped by an upgrade from Investec which recommends investors to build positions following the stock's recent underperformance. "An interesting day for an upgrade?...but any further sell-off today offers a clear opportunity
Read moreLondon midday: Risk appetite increases as banks, miners advance
11th Apr 2012 12:08
- Footsie back above 5,600 after sell-off - Banks, miners among best performers on Footsie - Michael Page unwanted on FTSE 250 After a tentative start, the Footsie was firmly higher by lunchtime on Wednesday, rebounding after yesterday's mass sell-off on the back of worries over the US jobs market
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