London midday: Markets retreat from six-week high as banks fall
17th Sep 2013 11:23
The upcoming all-important policy decision by the Federal Reserve prompted an element of caution on stock markets across Europe on Tuesday, with the FTSE 100 pulling back from a six-week high. Banking stocks were among the notable fallers in London with Lloyds sinking after the government placed a
Read moreLondon open: Banks lead markets lower ahead of FOMC meeting
17th Sep 2013 08:14
Following a strong start to the week, investors turned cautious ahead of the conclusion of the Federal Open Market Committee (FOMC) meeting tomorrow afternoon as markets ready themselves for one of the most closely-watched US policy decisions in recent years, given rising expectations that the Fed w
Read moreLondon close: Stocks at six-week high despite subdued finish
16th Sep 2013 16:30
UK stocks registered decent gains on Monday as markets reacted positively to the withdrawal of Larry Summers from the candidacy to head the Federal Reserve, though investors turned more cautious towards the end of the session. Gains were trimmed slightly in afternoon trade on reports of a shooting
Read moreFTSE 100 movers: Fresnillo plunges on levy concerns
16th Sep 2013 14:40
Precious metals miners Fresnillo has plummeted on concerns over levies on the mining sector in Mexico. "All of Fresnillo's seven operational mines are in Mexico, leaving it heavily exposed to such an increase in its tax burden," said Financial Sales Trader Max Cohen from Spreadex. Sector peer ENRC
Read moreBarclays reports five per cent drop in adjusted year-to-date income
16th Sep 2013 13:59
Barclays said Monday that its adjusted income for July and August was lower than in the same period of the previous year, resulting in a five per cent year-on-year decline in adjusted income for the eight-month period to August 31st. The banking giant said adjusted income fell £500m in those two m
Read moreBarclays faces fine for breaching market listing rules - UPDATE
16th Sep 2013 12:18
Barclays has confirmed reports that it is facing a 50m-pound fine for allegedly breaching market listing rules over its capital raisings. The Financial Conduct Authority (FCA) is seeking the penalty against the lender for allegedly failing to disclose enough details to the stock market about its £1
Read moreMonday broker round-up
16th Sep 2013 12:13
AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy
Read moreLondon midday: FTSE 100 at six-week high after Summers' withdrawal
16th Sep 2013 11:30
News that Larry Summers has dropped out of the running for Federal Reserve Chairman gave market sentiment a boost on Monday morning while concerns over Syria eased. London's FTSE 100 surged to a six-week high of around 6,639 today - the last time the index closed higher was on August 2nd when it en
Read moreBroker tips: Barclays, Wolseley, Prudential
16th Sep 2013 11:29
Nomura has upgraded its recommendation for Barclays by two notches from 'reduce' to 'buy' saying that the UK banking group is well-positioned for building macroeconomic momentum. "With growth in the developed world likely to continue well into the start of next year, stocks geared to capital market
Read moreBroker snap: Nomura upgrades Barclays to 'buy'
16th Sep 2013 10:00
Nomura has upgraded its recommendation for Barclays by two notches from 'reduce' to 'buy' saying that the UK banking group is well-positioned for building macroeconomic momentum. "With growth in the developed world likely to continue well into the start of next year, stocks geared to capital market
Read moreFriday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreBroker tips: Barclays, Morrisons, SABMiller
12th Sep 2013 11:27
Investec has downgraded its rating for banking group Barclays from 'buy' to 'add' but maintains that it is its preferred UK domestic lender. The target price for the stock has been lowered from 345p to 330p to reflect the impact of forthcoming dilution from the bank's so-called 'Leverage Plan'. "Th
Read moreBroker snap: Investec downgrades Barclays ahead of share dilution
12th Sep 2013 09:53
Investec has downgraded its rating for banking group Barclays from 'buy' to 'add' but maintains that it is its preferred UK domestic lender. The target price for the stock has been lowered from 345p to 330p to reflect the impact of forthcoming dilution from the bank's so-called 'Leverage Plan'. "T
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreThursday tips round-up: Barclays, African Minerals, Sports Direct
12th Sep 2013 07:25
At Barclays, the adaynniversary of the death of Lehman Brothers is an occasion for a toast, not revisiting old regrets. Yet for most it was then that a financial brush-fire morphed into an inferno. Barclays, however, was clever enough to pull out its cheque book and turn itself into an investment ba
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