London pre-open: FTSE to rise following clean Obama re-election
7th Nov 2012 07:27
City sources predict the FTSE 100 will open up 22 points from yesterday's close of 5,885, boosted by the news of a clear win by Barack Obama in the US presidential elections last night. Strong gains were seen on the Dow Jones Industrial Average in the US last night, which closed 134 points higher
Read moreBurberry beats forecasts in first half
7th Nov 2012 07:06
Luxury brand Burberry reported a higher-than-expected profit in the first half and said it is looking optimistic about its new fragrance and beauty division which is to start operating next year. Adjusted profit before tax (PBT) gained 6% to £173m during the six months to September 30th, up 7% on a
Read moreWednesday preview: Burberry, RPS, US election
6th Nov 2012 15:55
Fashion chain Burberry suffered a rare stumble in September when it issued a profit warning, but showed signs of getting the show back on the road in its last trading update on October 11th, with the group reporting that the quarter ended on a strong note. From Burberry's interim results on Wednesd
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFTSE 100 movers: IAG leaps on Charles Stanley comments
2nd Nov 2012 16:14
Airlines group IAG was the top performer this afternoon, up three per cent over 168p. Technical analysts at Charles Stanley said: "A close above 168p would suggest that this line is giving way and would amount to a 'trading buy' signal." Oil giant Tullow was also a high riser after JPMorgan Caze
Read moreLondon midday: Markets cautious ahead of US non-farm payrolls
2nd Nov 2012 11:30
- All eyes on US jobs data - Outcome could be a major factor in presidential elections - Admiral, Meggitt and RBS disappoint The FTSE 100 was little changed by Friday lunchtime, having trade within a narrow range for most of the morning session, with investors nervous ahead the pivotal employment
Read moreBroker tips: Admiral, Weir, Burberry
2nd Nov 2012 11:12
Investec has retained a 'sell' recommendation and 570p target price for car insurance firm Admiral after the group revealed that revenue growth had slowed in the third quarter. "We believe that, while the forecast 7% yield will support the stock, paying 12x earnings for what is essentially a UK mot
Read moreBroker snap: Seymour Pierce ups Burberry target ahead of first-half results
2nd Nov 2012 10:36
Seymour Pierce has raised its target price and maintained its 'buy' rating for luxury brand Burberry ahead of the group's first-half results on November 7th. The firm reassured on October 11th that the second quarter had ended more strongly, saying that the material sales slowdown, evidenced from i
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreWednesday newspaper round-up: ARM, Greece, Marks&Spencer
31st Oct 2012 07:02
ARM Holdings is to keep ahead of its rival, Intel, by launching processors that will power a new generation of "superphones". The 64-bit processors will be adopted by some of the largest semiconductor makers next year before being built into smartphones and tablets that will hit the market in 2014 a
Read moreMonday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreSector movers: ARM lifts tech stocks after strong Q3
23rd Oct 2012 16:14
The technology sector was the only category in the blue on Tuesday afternoon after a better-than-expected third quarter from chip designer ARM Holdings boosted buying. The semiconductor intellectual property group said that total revenue in the three months to September 30th rose 20% in sterling t
Read moreFTSE 100 movers: Miners tank; ARM and Experian gain
23rd Oct 2012 14:34
ARM Holdings and Experian were doing their best lift the FTSE 100 on Tuesday, but it was the miners were pulling the blue-chip index into the red with growth concerns fuelling a move away from 'risk'. Kazakhmys, ENRC, Antofagasta, Anglo American and Rio Tinto were all trading firmly lower this afte
Read moreLondon midday: Miners drag the Footsie lower
23rd Oct 2012 11:41
- Miners dominate fallers on FTSE 100 - ARM and Experian lead the upside - Markets look ahead to FOMC Mining stocks were providing a drag on the Footsie on Tuesday morning as concerns over the global economy spurred a move away from risk; meanwhile, markets remained cautious ahead of a two-day poli
Read moreLondon open: Whitbread and the miners provide a drag early on
23rd Oct 2012 08:44
- Corporate earnings in the spotlight - Spain weighs on sentiment as Moody's downgrades five regions - Whitbread disappoints, ARM in demand The FTSE 100 index fell in early trading on Tuesday with growth-sensitive stocks out of favour as investors remain cautious about the Eurozone and ahead of som
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