FTSE 100 movers: Essar Energy drops on results
27th Feb 2012 14:32
Leading the way lower was India-focused power generation and oil and gas group Essar Energy, after reporting a sharp drop in profits in the 12 months ended December 31st. When accounting for the reversal of a sales tax benefit - due to the Indian Supreme Court ruling against a sales tax deferment -
Read moreLondon midday: Essar, HSBC drag Footsie down 0.85pc
27th Feb 2012 12:04
- Essar, HSBC provide a drag in London. - G20 urges Europe to take action first - Vedanta among the few risers after consolidation plans. London's blue chip index sank to its lowest levels of the day by lunchtime, with banks and miners providing a drag, while Eurozone debt concerns continued to we
Read moreMonday broker round-up - UPDATE
27th Feb 2012 09:44
BP: Nomura maintains neutral rating and 500p target. HSBC: Seymour Pierce confirms buy rating and 800p target. Vedanta Resources: Credit Suisse reiterates neutral recommendation and 1,400p target. Marks & Spencer: UBS upgrades from neutral to buy, target lifted from 325p to 410p. Lloyds Banking
Read moreLondon pre-open: G20 meeting outcome weighs on FTSE
27th Feb 2012 07:30
City sources predict the FTSE 100 will open down 25 points from yesterday's close of 5,935, after a G20 meeting failed to alleviate concerns over the economic crisis in Europe. The meeting, which took place in Mexico City, ended without the G20 leaders reaching a consensus on the region's mounting d
Read moreBP court hearing delayed by one week
27th Feb 2012 07:15
The court hearing regarding the Macondo oil well explosion which was due to start on Monday, February 27th has been delayed by one week. The delay is to allow more time for UK integrated oil company BP and the Plaintiffs' Steering Committee (PSC) more time to continue settlement discussions and att
Read moreLondon close: Subdued finish for Footsie, but Vedanta jumps
24th Feb 2012 17:07
- Vedanta jumps on further speculation of restructuring in India. - Lloyds falls on tough outlook for 2012. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie finished flat on Friday after the blue chip index swung between gains and losses in a tight range of just 20 points or so
Read moreLondon midday: Footsie nudges higher ahead of US open
24th Feb 2012 11:49
- Lloyds falls on tough outlook for 2012. - Consumer product groups Unilever, Reckitt sold off. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie was trading just a few points higher by midday on Friday, as a decline in consumer products stocks, miners and Lloyds was offset by a
Read moreLondon open: Lloyds tumbles but Footsie stays flat
24th Feb 2012 08:26
- Lloyds drops after gloomy outlook. - Hammerson up as NAV rises 7%. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie opened broadly flat on Friday as a strong rise by Capita and Hammerson managed to offset a fall in the mining and banking sectors following a negative reaction t
Read moreUnexpected flaring at BP's LA refinery
24th Feb 2012 08:07
Oil giant BP has reportedly experienced unplanned flaring at its Carson refinery in California. According to Reuters, the state's pollution regulators, the South Coast Air Quality Management District, have said that the 275,000-barrel-per-day refinery in Los Angeles has had a breakdown and flaring
Read moreMonday broker round-up -UPDATE
20th Feb 2012 09:08
Whitbread: Credit Suisse recommends trading sell. Morgan Crucible: Credit Suisse raises price target to 375p from 305p. Halma: Credit Suisse raises target to 380p from 310p, upgrades to neutral from underperform. Spectris: Credit Suisse raises target to 1,900p from 1,690p. Lloyds: Nomura re
Read moreLondon open: Buying boosted by Greece, China
20th Feb 2012 08:26
- Decision day for Greece, hopes of a bailout approval boost stocks. - PBoC cuts RRR for banks. - Miners, oil stocks perform well early on. Just a handful of stocks were in the red in early trading on Monday, as market sentiment was lifted by hopes that Greece can secure its next tranche of aid. Me
Read moreLondon close: Stocks finish down with Greece in focus
15th Feb 2012 16:38
- Oil rises on supply concerns. - PBOC to keep buying Eurozone debt. - Samaras to honour terms of new package. Despite an earlier rise, the FTSE 100 index slumped in afternoon trade to finish in the red as strong performance by banks was offset by some heavyweight stocks that went ex-dividend. All
Read moreFTSE 100 movers: Ex-dividend stocks provide a drag
15th Feb 2012 14:46
Drugs giant AstraZeneca plunged into bottom spot, followed by sector peer GlaxoSmithKline and big oil players BP and Shell, after all four went ex-dividend today. Shares of ITV took a hit following a downgrade from Peel Hunt. The broker said that with the shares of the broadcaster having gained ste
Read moreLondon midday: Banks provide a boost
15th Feb 2012 11:45
- Banks lead the risers on the Footsie. - PBOC to keep buying Eurozone debt. - Venizelos foresees bailout resolution. UK stocks were slightly higher by midday after China pledged to continue buying Eurozone bonds, easing concerns of the region's debt crisis. Banks were the best performers of the d
Read moreLondon midday: Stocks hold on to gains as BoE boosts QE
9th Feb 2012 11:45
- BoE boosts QE by £50bn. - Greek leaders clash heads over pensions. - Oil stocks provide a lift to the Footsie. The Footsie held on to moderate gains by lunchtime as the Bank of England announced further stimulus measures to boost the UK economy. Earlier optimism over a draft Greek deal seems to h
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