Astrazeneca chairman add 6,000 shares
1st Aug 2014 16:43
Improved full year guidance ensured Astrazeneca shares proved popular with board members this week, with chairman Leif Johansson adding a further 6,000 shares to his stake in the drugs maker. The shares were acquired at SEK 502.95 per share, equal to 4,347p each. Purchases were also made by non-
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreLondon close: FTSE in red as energy stocks weakened by sanctions
30th Jul 2014 16:59
- FTSE closes down 34.31 at 6,773.44 - Energy stocks hit by Russian sanctions - Eurozone confidence beats expectations - US GDP growth 4% techMARK 2,779.29 -0.11% FTSE 100 6,773.44 -0.50% FTSE 250 15,629.84 -0.36% London's blue chips ended Wednesday's session firmly in the red, with the sharpest
Read moreSector movers: Barclays results receive warm reaction, boost banks
30th Jul 2014 16:19
Well-received interim results from Barclays saw the London-listed banking sector rise to the top of the pile on Wednesday as the UK lender bettered analysts' forecasts. The lender reported an 8% fall in adjusted pre-tax profit in the second quarter to £1.656m, which it blamed on currency movements
Read moreFTSE 100 movers: Barclays leads after results
30th Jul 2014 16:04
Barclays was in the top spot after reporting a less-than-expected 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking units. The consensus estimate had been for a drop to £13.23bn. Numis Securities reiter
Read moreBroker tips: Barclays, Glaxosmithkline, Antofagasta...
30th Jul 2014 12:58
The stock market gave a warm reaction to Barclays' first-half results on Wednesday, with analysts upbeat about the bank's better-than-expected results. Numis Securities reiterated a 'buy' recommendation for the stock, saying that "Investment Bank revenues were better than feared, the balance sheet
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read moreBank of England finalises bonus clawback, proposes new rules for individuals
30th Jul 2014 11:14
- BoE can claw back bonuses 7yrs after award - New proposals to hold individuals to account - 'Toughest banking rules in the world' The Bank of England (BoE) has finalised rules on bankers bonuses that could see the clawback of awards a maximum of seven years after they are awarded, with the new me
Read moreAnalysts still upbeat about Barclays despite H1 profit decline
30th Jul 2014 11:07
The stock market gave a warm reaction to Barclays' first-half results on Wednesday, with analysts upbeat about the bank's better-than-expected results. The lender reported a 7% fall in adjusted pre-tax profit to £3.35bn, which it blamed on currency movements and a fall in Investment Bank profitabil
Read moreLondon open: Stocks slip as investors digest earnings, Barclays rises
30th Jul 2014 08:26
- Barclays rises as investors digest wave of corporate earnings - Russian sanctions, Gaza and Argentina in focus - US economic data, Fed decision due out later on techMARK 2,785.48 +0.12% FTSE 100 6,797.66 -0.15% FTSE 250 15,671.08 -0.10% UK markets opened slightly lower on Wednesday as investors
Read moreLondon pre-open: Small losses expected as market opens
30th Jul 2014 07:46
The FTSE is expected to inch lower at the opening bell, tracking marginal losses in the US overnight which came on the back of the decision by the West to impose further sanctions on Russia over the situation in Ukraine. The top-tier index is predicted to open four points lower than yesterday's cl
Read moreBarclays reports less than expected 12% fall in adjusted net income
30th Jul 2014 07:09
- Adjusted income falls less than expected - Sharp drop in investment banking profits - Strong showings by PCB and Barclaycard Barclays has reported a 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking u
Read moreBank of England to impose tough new bonus clawback rules
29th Jul 2014 15:31
The Bank of England (BoE) has decided to push ahead on its plans for super-tough bonus clawbacks on City bankers. The rules have been described as the toughest in the banking world but also "unreasonable" and even "unenforceable". A BoE consultation paper in March suggested bankers could be force
Read moreWednesday preview: Barclays to report first half results
29th Jul 2014 14:45
Barclays will steal the show on Wednesday when it reports its first half results. The bank is expected to report pre-tax profits of £2.8bn after £500m of additional payment protection insurance (PPI) provisions and £386m in costs of the company's so-called Transform strategy, according to Numis.
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