Monday broker round-up UPDATE
18th Feb 2013 08:09
AMEC: Deutsche Bank cuts target price from 1350p to 1250p and stays with its buy recommendation. HSBC lowers target price from 1225p to 1200p keeping an overweight rating. Anglo American: Deutsche Bank moves target price from 2260p to 2290p and maintains a buy recommendation. HSBC upgrades to overw
Read moreLondon close: Footsie slips after surprise US contraction
30th Jan 2013 16:57
After a decent start, London's FTSE 100 index slipped into the red in the afternoon session, as disappointing gross domestic product (GDP) figures from the US dampened risk appetite. Mining stocks bore the brunt of the selling today, pulling the resource-heavy Footsie down from the four-and-a-half-
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreLondon close: Markets flat as central banks hold rates
10th Jan 2013 16:44
The FTSE 100 swung between gains and losses for most of Thursday's session as investors digested a host of economic data, bond auctions in the Eurozone and policy decisions by the Bank of England (BoE) and European Central Bank (ECB). Nevertheless, the Footsie managed to finish in positive territor
Read moreFTSE 100 movers: Bunzl rises on acquisition update
10th Jan 2013 15:18
International distribution and outsourcing giant Bunzl was a strong riser after completing three further purchases in South America and the US, bringing its 2012 total acquisition spend to 270m pounds. The stock was given an extra lift this morning by Numis which upgraded the shares to 'buy' and lif
Read moreLondon midday: Stocks flat as BoE holds rates
10th Jan 2013 11:22
The Footsie was trading broadly flat on Thursday morning despite some decent trade data from China and solid debt auctions in the Eurozone, as investors kept a close eye on central bank decisions. At midday, the Bank of England announced that it has kept its official Bank Rate at 0.5% and its asset
Read moreLondon open: Stocks flat after hitting multi-year high
10th Jan 2013 08:20
The FTSE 100 opened flat on Thursday morning after hitting a near four-year high the day before, with economic data from China and well-received results from Tesco providing some support early on. The Footsie finished at 6,099 on Wednesday, its highest closing level since May 22nd 2008. Chinese tr
Read moreBunzl spent 270m pounds on acquisitions in 2012
10th Jan 2013 07:25
International distribution and outsourcing giant Bunzl has completed three further purchases in South America and the US, bringing its 2012 total acquisition spend to 270m pounds, the company reported on Thursday morning Collectively, the assets acquired last year are expected to add aggregate reve
Read moreLondon close: Stocks finish flat on US budget uncertainty
20th Dec 2012 16:52
The FTSE 100 index finished broadly flat on Thursday afternoon, taking a pause of two days of decent gains, with the focus remaining on the US 'fiscal cliff' ahead of the Christmas holiday. Even a positive surprise in US gross domestic product (GDP) failed to give markets a boost. The American econ
Read moreFTSE 100 movers: Carnival drops after full-year revenue decline
20th Dec 2012 15:25
Carnival , the largest cruise company in the world, reported a fall in full-year revenues after what it called its most challenging year ever. Shares dropped nearly 6% on Thursday afternoon after the company reported that revenue came in at $15.4bn, down from $15.8bn previously. Leading the risers
Read moreLondon midday: Stocks pause on 'fiscal cliff' concerns
20th Dec 2012 11:54
UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas. Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high. Stocks finished sligh
Read moreLondon open: Stocks flat on 'fiscal cliff' uncertainty
20th Dec 2012 08:33
The FTSE 100 was trading little changed on Thursday morning, taking a pause after coming close to its 52-week high the day before, with US 'fiscal cliff' concerns acting as a drag on sentiment. "In scenes reminiscent of the debt ceiling debacle of 2011 US markets slid back last night as the impasse
Read moreLondon close: Gains pared after White House comments on 'fiscal cliff'
19th Dec 2012 16:57
The UK stock market staged a slight 'Santa rally' on Wednesday, with risk appetite increasing before Christmas on the back of a Greek ratings upgrade and a better-than-expected reading of German confidence. "Santa has returned to the markets, bringing some much needed cheer before the Christmas bre
Read moreFTSE 100 movers: Financials, IAG and CRH lead the risers
19th Dec 2012 15:31
Insurance and banking stocks were performing well on Wednesday afternoon after Credit Suisse upgraded its ratings on both sectors this morning. Lloyds was up 4% after the Swiss broker raised its view on European banks to 'benchmark' from 'small underweight', saying that the stock looks "abnormally
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