London close: US economic data hits Footsie
30th Jun 2009 16:26
It looked like another flat day for the FTSE 100 heading into the second half of the year until shares took a sharp dive following some unappetizing economic date in the US. The US Conference Board's index of consumer sentiment fell to 49.3 in June, down from a revised 54.8 in May. Economists had b
Read moreLondon afternoon: Prices drift lower
30th Jun 2009 15:24
London continues to sleepwalk to the end of the month, with prices drifting lower in light trading after Wall Street opened in negative territory. With the oil futures contract edging steadily higher, heavy fuel users such as airline British Airways and cruise operator Carnival are on the slide. I
Read moreBroker tips: Barclays, Yell, HMV
30th Jun 2009 12:26
Following hot on the heels of Goldman Sachs's broadly optimistic review of the UK banking sector yesterday, Deutsche Bank has cast a favourable eye on British banking giant Barclays. Deutsche sees further opportunity for share price growth driven by earnings. "We expect adjusted earnings of 27p in
Read moreLondon midday: Marking time
30th Jun 2009 12:10
Leading equities are treading water on the last day of the month, quarter and half-year. Wolseley is one of the best performers after chief executive Chip Hornsby stepped down with immediate effect to let Ian Meakins take the helm at the building supplies group. Hornsby, who leaves after 27 years
Read moreBroker snap: De-risked Barclays now cheap
30th Jun 2009 11:00
Following hot on the heels of Goldman Sachs's broadly optimistic review of the UK banking sector yesterday, Deutsche Bank has cast a favourable eye on British banking giant Barclays. "The rally in Barclays' stock is significant and right, in our view, considering the equity market's revised view of
Read moreLondon close: Late gains lift Footsie
29th Jun 2009 16:50
After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreLondon afternoon: Financials spearhead the advance
29th Jun 2009 14:21
Banks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreBroker tips: Lloyds, Admiral, National Express
29th Jun 2009 12:53
US bank Goldman Sachs has added part-nationalised British bank Lloyds Banking Group to its conviction buy list, claiming Lloyds shares represent the cheapest option among the major large-cap European banks. Goldman Sachs has upgraded Lloyds from "neutral" to "buy", going against the trend of most i
Read moreBroker snap: Goldman's contrary view on Lloyds
29th Jun 2009 12:50
US bank Goldman Sachs has added part-nationalised British bank Lloyds Banking Group to its conviction buy list, claiming Lloyds shares represent the cheapest option among the major large-cap European banks. Goldman Sachs has upgraded Lloyds from "neutral" to "buy", going against the trend of most i
Read moreLondon midday: Lloyds leads banks higher
29th Jun 2009 11:51
Risers outnumber fallers by around three to one among Footsie constituents, as the index pushes ahead despite weakness among miners. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldm
Read moreLondon open: Footsie makes steady start
29th Jun 2009 08:32
London's blue chips have made a steady start with banks pushing on and insurers making gains. Lloyds and Barclays are both ahead with the new government paper on regulation of the sector likely soon and expected to see a defeat for the ideas of Bank of England governor Mervyn King. Outsource gian
Read moreLondon close: Stocks finish lower
17th Jun 2009 16:31
London's leading shares have finished in the red, not getting any help from a mixed start on Wall Street. Miners dominated the fallers with Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource amongst the major sliders. Sainsbury's was one of the two non mining stocks to
Read moreLondon midday: Miners drag Footsie
17th Jun 2009 11:01
London's top stocks are deep in the red with miners lower and supermarket firm Sainsbury's also down. Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource are amongst the major fallers. Sainsbury's is the only non mining stock to perforate the top ten sliders. The superma
Read moreLondon open: Sainsbury's adds to dull start
17th Jun 2009 08:33
Another day of losses across the Atlantic has weighed on UK blue chips with sentiment not helped by J Sainsbury's near £450m cash call. The supermarket chain is raising £445m via a placing and offering of convertible bonds to speed up growth and take advantage of the weak property market. In a sepa
Read moreLondon pre-open: Heading lower
17th Jun 2009 07:43
Another day of losses across the Atlantic is set to weigh on UK blue chips, with futures prices indicating an early 20-point deficit for London's leading index. Supermarket chain J Sainsbury is raising £445m via a placing and offering of convertible bonds to speed up growth and take advantage of th
Read more