London close: Stocks finish flat as markets digest US shutdown, data
1st Oct 2013 16:25
Stocks in the UK finished broadly flat on Tuesday as investors gave a subdued reaction to the news of the first partial US government shutdown in 17 years. Indices across Europe and the States however edged higher today, with London's FTSE 100 bucking the trend given some sharp falls in the heavywe
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 100 movers: Energy stocks hit by Labour pledge
26th Sep 2013 15:04
British Gas owner Centrica and utility group SSE were today extending losses after yesterday's proposal by Labour leader Ed Miliband to freeze energy bills if the party is voted back into power in 2015. The stock has now slipped below its 200-day moving average following three days of intense sellin
Read moreLondon midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
Read moreBarclays to cut wealth management services in 130 countries
26th Sep 2013 10:09
Barclays will discontinue its wealth management services in 130 counties by 2016 and axe jobs, a spokesman told Reuters on Thursday. The move is part of the bank's strategy to slash costs and bolster profits. The spokesman said the bank is focusing on "reducing complexity and competing where we can
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreLondon close: Stocks up but gains limited on Fed uncertainty, mixed data
24th Sep 2013 16:31
Markets closed slightly higher on Tuesday afternoon after a choppy day though upside was limited as investors focused on mixed data and the uncertain future for Federal Reserve monetary policy. Last week's surprise decision by the Fed to maintain its stimulus programme is still fresh in investors'
Read moreFTSE 100 movers: Sports Direct and Coca-Cola recover after recent weakness
24th Sep 2013 15:23
FTSE 100 newcomers Sports Direct and Coca-Cola HBC were performing well, rebounding after their recent weakness since entering the top-tier index. Banking stocks were also providing a lift, with Barclays and RBS making gains. Lloyds meanwhile was benefiting from a ratings upgrade by Investec from '
Read moreRBS and Barclays sued in US over LIBOR rigging
24th Sep 2013 14:34
Royal Bank of Scotland (RBS) and Barclays are among 13 international banks being sued by the National Credit Union Administration (NCUA) for LIBOR rigging. The banks are accused of manipulating LIBOR, the benchmark for setting interest rates, which resulted in a loss of income from investments and
Read moreLondon midday: Market flat after German data comes in mixed
24th Sep 2013 11:30
Stocks were trading broadly flat on Tuesday morning with markets lacking direction after mixed economic data from Germany and concerns about the US economy. The German IFO business climate indicator for the month of September edged up only slightly, yet expectations for the next six months were sli
Read moreLondon close: Fed uncertainty, US debt ceiling weigh on stocks
23rd Sep 2013 16:27
Concerns about the US economy weighed heavily on global stock markets on Monday as investors focused on comments from Federal Reserve officials and the ongoing debt-ceiling debate. The FTSE 100 finished down 39.06 points on the day at 6,557.37. "Those of the opinion that stock markets have oversho
Read moreBarclays launches review of overdraft fees and charges
23rd Sep 2013 14:56
Barclays is launching a review of its overdraft fees and charges as part of a major overhaul to rid itself of "any sins of the past". In an effort to address customer complaints, the bank is trialling a text message alert service that warns account holders when they are about to go into the red. I
Read moreFTSE 100 movers: Croda jumps on upgrade from Credit Suisse
23rd Sep 2013 14:22
Chemicals firm Croda was in the top spot after Credit Suisse upgraded its recommendation from 'neutral' to 'outperform' and hiked its target price from 2,600p to 3,000p. Telecoms giant Vodafone also gained after UBS raised its target price for the shares from 230p to 245p after including Kabel Deut
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