Broker snap: Investec upgrades Barclays after recent sell-off
11th Apr 2012 10:56
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 moreWednesday broker round-up - UPDATE
11th Apr 2012 09:36
Barclays: Investec upgrades from hold to buy. Centamin Egypt: Nomura cuts target from 120p to 100p, neutral rating retained. Dignity: Peel Hunt reiterates hold rating and 800p target. Dunelm Group: Investec lifts target from 450p to 500p, hold rating kept; Panmure Gordon keeps buy rating and 600
Read moreWednesday newspaper round-up: Energy, Barclays, Retail sales
11th Apr 2012 07:07
Britain will attempt to sell arms to Indonesia for the first time in 13 years today when defence companies arrive as part of David Cameron's trade mission. In the latest leg of the Prime Minister's tour of South-East Asia, he will attempt to reopen Britain's defence trade with the Government in Jaka
Read moreLondon close: Footsie sinks to 2012 low
10th Apr 2012 16:56
- Miners suffer sell-off on macro-economic concerns - US jobs data dampens sentiment - Randgold bounces back after Malian settlement London's FTSE 100 index slumped to its lowest levels in 2012 on Tuesday as investors had a four-day weekend to digest a gloomy US jobs report out on Friday. Just a ha
Read moreFTSE 100 movers: Randgold rises on Mali settlement
10th Apr 2012 15:18
Gold miner Randgold Resources leapt into the top spot after it welcomed the announcement of a political settlement in Mali which will see the lifting of sanctions against the country by its West African neighbours. The stock was bucking the trend though with miners in general leading the decline a
Read moreLondon midday: Miners provide a drag on Footsie
10th Apr 2012 11:53
- Friday's US jobs data dampens sentiment - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement The Footsie had fallen by nearly one whole percentage point by Tuesday lunchtime as investors digested a gloomy jobs report from the US which came out on Friday.
Read moreLondon open: Stocks drop on US jobs report
10th Apr 2012 08:32
- Markets digest Friday's US jobs data - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement After a long weekend, the FTSE 100 fell sharply in early trade on Tuesday on the back of a mixed performance by the miners and a decline in the banking sector, as in
Read moreSunday newspaper round-up: Executive pay, Tesco, Thos Cook ...
8th Apr 2012 17:51
The Chancellor of the Exchequer, George Osborne, has given the clearest signal yet that the 45p top tax rate is here to stay, the Sunday Times reports. In comments about the centrepiece of his controversial budget, George Osborne said he was "very happy" with the "competitive" top rate of tax. Bus
Read moreFTSE 100 movers: Ashmore bucks the trend
5th Apr 2012 14:32
Fund manager Ashmore was bucking the downward trend of the financial sector after UBS raised its rating on the stock from neutral to buy. The broker said that its recent under-performance, combined with the strong fund performance and record inflows at industry level, was the reason behind the upgra
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreSector movers: Diageo rises on Jose Cuervo speculation
2nd Apr 2012 15:10
Drinks giants Diageo and SABMiller were making decent gains on Monday afternoon, meaning that the beverages sector was at the top of the pile. Diageo is rumoured to be nearing the acquisition of a further stake in Mexican tequila maker Jose Cuervo. According to media reports, Diageo could be buying
Read moreLondon midday: Stocks flat after mixed macro data
2nd Apr 2012 11:36
- Chinese, UK PMIs beat expectations in March - Eurozone PMI disappoints, jobless rate on the up - RBS to dish out dosh to preference shareholders London's blue chips pared earlier gains after some gloomy economic data from Europe. Miners were performing well after better-than-expected manufacturin
Read moreLondon close: Eurozone worries dampen UK stocks
29th Mar 2012 16:35
- Stocks dragged down by Eurozone concerns - International Power receives approach from GDF Suez - FirstGroup plummets after gloomy update London's FTSE 100 index sank to its lowest levels of the day by the close of trade on Thursday with Eurozone worries once again in focus as bond yields in Italy
Read moreFinancial complaints soared in second half of 2011
28th Mar 2012 14:41
Financial complaints soared in 2011, with over 12,000 a day is the second half of last year, the Financial Services Authority (FSA) has revealed. The volume of complaints received by the FSA were up 21% compared to the first half of the year. Complaints about loan insurance rocketed a whopping 8
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