London close: Miners drive FTSE higher
12th May 2014 16:59
- FTSE closes up 37.18 points - Miners rise on JPMorgan Chase - CBI ups outlook for GDP techMARK 2,794.57 +0.44% FTSE 100 6,851.75 +0.55% FTSE 250 15,981.35 +0.61% Miners lifted the FTSE firmly higher today, getting the week off to a positive start despite the latest developments in Eastern Europe
Read moreFTSE 100 movers: Miners rise on JPMorgan comments
12th May 2014 15:20
Upbeat comments from JPMorgan Chase & Co and a good performance on Chinese markets overnight gave the mining sector a boost today. The US bank upgraded its rating for the European mining sector from 'underweight' to 'overweight' on the back of falling costs and improving demand from China. Rio Ti
Read moreFormer Barclays execs to be probed over Qatar dealings
12th May 2014 15:05
Former Barclays bank executives are reportedly set to be questioned by the Serious Fraud Office (SFO) over dealings with Qatar. Ex-chief executives Bob Diamond and John Varley, along with other former senior members of management, will be grilled by the regulator, according to the Financial Times.
Read moreBroker tips: Barclays, Capita, BSkyB, Lonmin
12th May 2014 12:36
Credit Suisse lifted its price target on Barclays to 275p from 260p as a result of its revised forecasts following its group strategy update last week. The bank maintained its 'neutral' recommendation on the shares, saying that the stock "is fairly valued". Panmure Gordon has hiked its target pric
Read moreCredit Suisse lifts target on Barclays, sees lower capital requirements
12th May 2014 11:17
Credit Suisse lifted its price target on Barclays as a result of its revised forecasts following its group strategy update last week. Its analysts now anticipate lower group earnings per share for 2015 (22p versus the previous forecast of 26p) and 2016 (26p versus the previous forecast of 33p). How
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreLondon close: Barclays and ECB´s Draghi push Footsie higher
8th May 2014 16:59
- FTSE closes up 42.81 points to 6,839.25 - ECB signals possible rate action in June - MPC maintains bank rate - Barclays unveils further job cuts techMARK 2,807.39 +0.59% FTSE 100 6,839.25 +0.63% FTSE 250 15,968.51 +0.55% The City ended today's session on a positive note, buoyed by speeches from
Read moreSector movers: Barclays and StanChart give banks a boost
8th May 2014 15:36
Well-received first-quarter updates from the likes of Barclays and Standard Chartered gave UK banking stocks a boost on Thursday. Barclays led London's blue chips higher in afternoon trade, up 8.6%, after it pleased the City with plans to slash 14,000 jobs in 2014 across the group as it aimed to be
Read moreFTSE 100 movers: Barclays job cuts lift City spirits and blue chips
8th May 2014 14:22
Barclays led London's blue chips higher after it pleased the City with plans to slash 14,000 jobs in 2014 across the group as it aimed to become a 'leaner, stronger' bank. Shares in the company were up 7.2 per cent to 260.75p at 15:05 on Thursday. In what it described as a "bold simplification" of
Read moreBroker tips: Barclays, HSBC, Sage, WM Morrison
8th May 2014 12:48
Investec has applauded Barclays' Group Strategy Update on Thursday, after the bank announced a new round of jobs cuts, mainly in its investment bank (IB), as part of its 'bold simplification'. "Barclays is already a low-risk, profitable bank, but today's 'reset' is about rightsizing the bank to ref
Read moreLondon midday: Upbeat earnings provide a lift as BoE holds rates
8th May 2014 11:35
- Barclays, Standard Chartered, BT and Morrison rise after results - BoE holds policy, ECB in focus - Yellen signals need for continued support - Ukraine tensions ease slightly after Putin comments techMARK 2,796.26 +0.19% FTSE 100 6,836.23 +0.59% FTSE 250 15,916.36 +0.22% Decent gains from Barcla
Read moreInvestec hails job cuts and new cost targets at Barclays
8th May 2014 10:24
Investec has applauded Barclays' Group Strategy Update on Thursday, after the bank announced a new round of jobs cuts, mainly in its investment bank (IB), as part of its 'bold simplification'. "Barclays may soon resemble the Emirates Stadium with 20 minutes left to play - there will be over 20,000
Read moreLondon open: Barclays leads FTSE 100 higher ahead of central bank decisions
8th May 2014 08:32
- Barclays gains on job-cut announcement - Busy day for corporate earnings/updates - Yellen, Putin comments in focus - Focus turns to BoE and ECB ahead of policy decisions techMARK 2,799.70 +0.31% FTSE 100 6,827.33 +0.45% FTSE 250 15,963.95 +0.52% UK stocks rose on Thursday morning amid a flurry o
Read moreBarclays increases job cuts to 14,000, half in Investment Bank
8th May 2014 08:10
Barclays has unveiled plans to cut 14,000 jobs across the group as part of a strategy update aimed at creating a 'leaner, stronger' bank. In what it described as a "bold simplification" of the group, Barclays said it would become a focused international bank, costing it a further £800m, in additio
Read moreLondon pre-open: Gains expected after Yellen comments, rate decisions in focus
8th May 2014 07:40
The FTSE is set to move back above the 6,800 mark this morning, lifted by comments made in the US last night by Federal Reserve Chair Janet Yellen, as well as an easing of tensions in Eastern Europe. That comes ahead of rate decisions in both the UK and Europe, as well as a press conference with t
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