London close: Taper concerns hit stocks ahead of Fed minutes
21st Aug 2013 16:50
London's benchmark index dropped one per cent on Wednesday as investors trimmed positions and took cover ahead of the risk event of the week, the minutes of the Federal Open Market Committee (FOMC) meeting due out later this evening. The FTSE 100 ended 62.62 points lower on the day at 6,390.84, a f
Read moreFTSE 100 movers: IHG leads fallers after going ex-div
21st Aug 2013 13:43
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group was a heavy faller on Wednesday, dropping over six per cent after going ex-dividend, meaning that new investors won't be able to get their hands on the company's latest dividend payment. A number of other heavyweight stocks also went
Read moreLondon midday: Ex-div stocks drag FTSE 100 to six-week low
21st Aug 2013 11:33
Markets were sharply lower on Wednesday morning as risk appetite was scaled back ahead of this evening's release of the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was trading as low as 6,400 today in London today; the last time it closed below this level was on July 5th when
Read moreLondon open: FTSE 100 slips as investors await Fed minutes
21st Aug 2013 08:29
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
Read moreLondon open: Weak start ahead of US data
15th Aug 2013 08:36
UK stocks slumped in early trading on Thursday as investors awaited a barrage of economic data from the US amid mounting fears of a withdrawal of stimulus by the Federal Reserve. "With the markets having a good run of late, the combination of uninspiring earnings and fears of tapering could create
Read moreMonday broker round-up UPDATE
12th Aug 2013 07:30
BAE Systems: Morgan Stanley increases target price from 350p to 430p and retains an equal-weight rating. Bodycote: N+1 Singer upgrades to buy with a target price of 700p. British American Tabacco: Goldman Sachs takes target price from 4220p to 4280p and stays with its buy recommendation. Capita G
Read moreThursday tips round-up: British American Tobacco, Rightmove
1st Aug 2013 06:43
British American Tobacco (BAT), like the rest of the industry, is facing future headwinds, The Telegraph's Questor column said. The global trade in illicit cigarettes always increases in a downturn and it is now growing at about 1.0 per cent each year but it is falling in places such as Canada, Mexi
Read moreLondon close: Stocks rally on US data as eyes turn to Fed
31st Jul 2013 16:39
After a cautious start, the FTSE 100 rallied strongly in afternoon trade following some strong economic data from the US, though markets pulled back slightly from their intraday highs by the close as investors awaited a key policy announcement from the Federal Reserve. London's benchmark index fini
Read moreBroker snap: Nomura hails pricing ability at BATS
31st Jul 2013 10:15
Nomura has reiterated its 'buy' rating and 4,000p target price for British American Tobacco (BAT), saying that it delivered on the 'classic underlying growth profile for a tobacco company' in the first half. Organic sales rose 4.0%, operating profit was 6.0% higher and earnings per share (EPS) grow
Read moreBritish American Tobacco reports revenue rise in first half
31st Jul 2013 07:36
British American Tobacco saw its first half revenue rise four per cent to 7.5bn pounds on strong price momentum and increased market share. The FTSE 100 company reported a 6.0% jump in adjusted profit from operations to £2.9bn and a 10% jump in adjusted diluted earnings per share to 109.1p. The g
Read moreWednesday preview: FTSE 100 results, Fed interest rate decision
30th Jul 2013 15:51
Markets have a busy day ahead on Wednesday with a batch FTSE 100 companies out with interim results and a slate of economic data. Tullow Oil and British American Tobacco will take centre stage on the company front with their latest earnings reports. The first of the two is releasing its half-year
Read moreLondon open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
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 moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
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