Sector movers: Miners buoyant
28th Jun 2010 15:16
In a buoyant mining sector Kazakhmys has received a fillip from positive comment from Citigroup while FTSE 100 new entrant Essar Energy is wanted after JPMorgan Cazenove initiated coverage with an "overweight" rating. The banking sector is lower though a bullish note from Nomura is boosting Lloyds
Read moreUK Buyouts Already Up 67% On Whole Of 2009 But Momentum Uncertain
28th Jun 2010 14:32
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The total value of private equity-backed buyouts of U.K. companies in the first half of this year was GBP7.9 billion, already 67% higher than the transaction value of deals for the whole of 2009 but the increase was powered by act
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreLondon open: Hangover carries into Monday
28th Jun 2010 08:53
Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreNomura Hires BarCap Fuel Oil Trader To Head Oil Trade Desk
28th Jun 2010 08:22
SINGAPORE (Dow Jones)--Japanese investment bank Nomura said Monday that it has hired Shaun Lim as head of its Asian oil and products trading team based in Singapore. Lim left Barclays Capital in Singapore, where he was a senior fuel oil trader, to join Nomura, the company said in a statement.
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 08:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from
Read moreMARKET TALK: Nomura Ups Lloyds; Cuts Barclays, HSBC
28th Jun 2010 08:12
0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from 53p. Says Lloyds is particularly geared to domestic margin expansion owing to the repricing of mortgage asset yields and short-term wholesale funding. Cuts Barclays (BARC.LN) to
Read moreIsraeli Gas Firms Secure $430M Loans To Develop Tamar Field
27th Jun 2010 13:10
JERUSALEM (Dow Jones)--Three Israeli oil-exploration companies said Sunday they have secured $430 million in loans to develop the Tamar natural gas field, off Israel's coast. The companies, Delek Drilling Ltd. Partnership (DERD.L.TV), Avner Oil Exploration Ltd. Partnership (AVNR.L.TV) and Dor Al
Read moreEx-Lehman Creditors Attorney Grilled In Suit Against Barclays
25th Jun 2010 19:05
By Joseph Checkler Of DOW JONES NEWSWIRES Lehman Brothers Holdings Inc.'s (LEHMQ) 2008 deal to sell its broker-dealer assets to Barclays PLC (BCS) was closed so hastily that it was impossible to do the proper due diligence on valuing those assets, the former counsel to Lehman's unsecured cre
Read moreOil Companies Stock Up On Cash Ahead Of An Uncertain Future
25th Jun 2010 18:17
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Oil giants are ramping up their borrowing, braving higher interest rates in order to lock down funding as a hedge against further turmoil in their industry or in credit markets, traders and analysts said. Facing possible fur
Read moreFirst Solar Looks Past Success To Even Brighter Future
25th Jun 2010 17:54
(This article was originally published Thursday.) By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--First Solar Inc. (FSLR) is the world's largest solar-panel maker. Now, it wants to compete with fossil-fuel power generators. In addition to making flat, glass pane
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read more