London close: US spurs Footsie recovery
8th Sep 2010 16:36
Footsie put its weak start behind it to close with good gains, helped by buoyant trading on Wall Street. US shares recovered from losses yesterday that snapped a recent winning streak. Among the risers here was ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor mark
Read moreFTSE 250 movers: Barratt falls back
8th Sep 2010 15:13
Shares in Barratt are lower after the housebuilder reported a profit in the second half as the housing market rebounded, but added that reservations have turned down recently. Sports Direct is enjoying another day of gains after yesterday saying that total sales rose 8.8% in the first quarter despi
Read moreLondon afternoon: ARM in line for Samsung boost
8th Sep 2010 14:28
Footsie emerged from the lunch-time session nursing a small gain, with the majority of the blue-chip index's constituents in positive territory. Chief among them was chip designer ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor market but it has made an exception o
Read moreLondon midday: BP spreads the blame
8th Sep 2010 12:00
It's back to square one for London with the Footsie virtually unchanged at the end of the morning session after early losses were wiped out. News that the US markets look set to open firmer after yesterday's triple-digit fall for the Dow has bolstered confidence this side of the pond. BP edged high
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreBarratt cuts losses but reservations slip
8th Sep 2010 07:45
Housebuilder Barratt cut its losses sharply last year and made a net profit in the second half as the housing market rebounded, though reservations have turned down recently. Losses before tax and exceptional items were £33.0m (2009: £144.1m) with a profit before tax and exceptional items of £15.5m
Read moreWednesday preview: BP, Barratt Developments, Thorntons
7th Sep 2010 15:40
Investors will be distracted from digesting a busy schedule of results on Wednesday by the midday release of oil giant BP's internal investigation into the causes of the Deepwater Horizon accident. The report will be available on the company's web site, www.bp.com . House builder Barratt Developme
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 12:33
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1133 GMT [Dow Jones] Morgan Stanley lowers Barratt Developments (BDEV.LN) target price to 180p from 230p. Says that near-t
Read moreMARKET TALK: Morgan Stanley Lowers Barratt Developments Target
2nd Aug 2010 12:33
1133 GMT [Dow Jones] Morgan Stanley lowers Barratt Developments (BDEV.LN) target price to 180p from 230p. Says that near-term risks include an inflection in house prices, leading to write-downs, and the UK government's detailed spending review in October. "However, with the stock trading at just 0.5
Read moreMARKET TALK: RBS Reviews UK Housebuilders
28th Jul 2010 10:38
0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price to 110p from 162p. Says while higher land investment intensity will be validated if trading stability holds, it adds an extra layer of volatility in the event of macro weaknes
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 10:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price
Read moreMARKET TALK: Morgan Stanley Cuts Berkeley Group Price Target
23rd Jul 2010 10:58
0958 GMT [Dow Jones] Morgan Stanley cuts Berkeley Group (BKG.LN) target to 990p from 1000p. Says with prospects of a double-dip in the UK housing market looking unlikely, better value can be found elsewhere in the sector. Prefers Taylor Wimpey (TW.LN) and Barratt Developments (BDEV.LN), both rated
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 10:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0958 GMT [Dow Jones] Morgan Stanley cuts Berkeley Group (BKG.LN) target to 990p from 1000p. Says with prospects of a double-
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
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