Sunday newspaper round-up: Barclays, Glaxo, Egypt
30th Jun 2013 21:49
The Bank of England is heading for a showdown with Barclays this week over threats from the high street giant to rein in its lending. Antony Jenkins, Chief Executive of Barclays, warned on Friday that if the Bank presses ahead with a new capital rule it could be forced to "restrict" loans to househo
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreTuesday newspaper round-up: Virgin Atalantic, Repsol, Barclays
25th Jun 2013 06:42
Virgin Atlantic and Delta Air Lines have announced a code-sharing agreement on 108 routes, including flights between Britain and the US, The Times reported. The airlines are working together to compete more effectively with the dominant carriers out of Heathrow, British Airways and American Airlines
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon midday: FTSE 100 nearly erases year-to-date gains
24th Jun 2013 11:38
After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o
Read moreBroker snap: Investec upgrades RBS after recent falls
24th Jun 2013 09:14
Investec has upped its recommendation for part-nationalised bank Royal Bank of Scotland from 'sell' to 'hold', saying that the stock is 'marginally oversold' after the steep sell-off over recent sessions. "Enough! The RBS share price has collapsed by 12% in two days, and by 20% in a month, reclaimi
Read moreSunday newspaper round-up: ENRC, BIS, PBoC
23rd Jun 2013 23:51
The trio of Central Asian oligarchs who founded FTSE 100 listed miner ENRC are expected to return tomorrow to the markets with an even lower offer for the company. The new bid is expected by analysts to value the company at 240p per share, less even than the 260p initially tabled. While the firm´s
Read moreLondon midday: Markets drop over two per cent in Fed aftermath
20th Jun 2013 11:38
The Federal Reserve may have painted a better picture of the US economy last night, but the concept of a life without quantitative easing (QE) prompted a heavy sell-off on equity markets on Thursday morning, with indices across Europe hit hard following steep losses on Wall Street. The Federal Open
Read moreLondon open: 'Tapering' concerns hit markets hard as Fed signals end to QE
20th Jun 2013 08:26
Markets across Europe dropped sharply in early trading on Thursday after Federal Reserve Chairman Ben Bernanke last night signalled that the central bank could soon start to scale back its quantitative easing (QE) programme. Fed confirms QE taper Stocks on Wall Street last night were trading sligh
Read moreBank regulator identifies 27bn-pound capital shortfall at five UK banks
20th Jun 2013 07:49
The Prudential Regulation Authority (PRA) said that five of the major eight banks in the UK fell short of their capital requirements at the end of 2012 with a combined shortfall of 27.1bn pounds. This is larger than the £25bn deficit calculated back in March by the Financial Policy Committee. Reg
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreLondon close: Markets move higher with Fed decision in focus
18th Jun 2013 17:04
After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key 'risk event' of the week, the monetary policy meeting at the Federal Reserve. Banking stocks in London were performing well today after the China Securities Journal suggeste
Read moreSector movers: Banks gain on China rate-cut speculation
18th Jun 2013 15:14
Banking stocks were in demand on Tuesday on the back of reports that China could move to cut interest rates in an effort to combat a slowdown. An article in the China Securities Journal suggested that the People's Bank of China could reduce interest rates to reduce the debt burden on companies. M
Read moreFTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth
18th Jun 2013 14:34
Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent. Whitbread said that while sales in its resta
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