London 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
Read moreBarclays Chief discusses Transform programme costs
10th Sep 2013 09:38
Group Chief Executive of Barclays, Antony Jenkins, on Tuesday spoke about the costs associated with the company's Transform programme during an investor conference in New York. He said that out of a £2.7bn budget to deliver the benefits of rightsizing, industrialisation and innovation by 2015, app
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreLondon close: FTSE 100 at three-week high after policy meetings
5th Sep 2013 17:03
A host of central-bank policy meetings, a dovish tone from Mario Draghi and the continued improvement in US economic data helped lift stocks higher on Thursday, with the FTSE 100 closing at levels not seen in three weeks. London's benchmark index ended the day up 57.7 points at 6,532.44, its highes
Read moreFTSE 100 movers: M&S leaps after HSBC upgrade
5th Sep 2013 15:20
High Street department store Marks & Spencer surged today after HSBC upgraded the stock from 'neutral' to 'overweight', saying it is the most operationally geared among its peers to play on the UK consumer recovery. Hotels group IHG was also a high riser after UBS raised its rating from 'neutral to
Read moreSector movers: Banking stocks lead risers in London
5th Sep 2013 14:05
Banking stocks were the highest risers on Thursday as markets reacted positively to a number of central-bank policy decisions across the globe. The Bank of England, European Central Bank (ECB) and Bank of Japan all decided to keep monetary policy on hold over the last 24 hours. A close eye was kept
Read moreLondon midday: Stocks trim gains, BoE holds rates
5th Sep 2013 11:27
After a strong start for UK stocks, the FTSE 100 pared gains by lunchtime as nervousness set in ahead of a number of risk events that have the potential to spark some volatile moves on financial markets. Risk appetite was also scaled back ahead of the G20 meeting which begins in St Petersburg today
Read more