London close: Gains pared after 'Merkozy' meeting
5th Dec 2011 16:23
Gains for the FTSE 100 were trimmed late on after earlier optimism surrounding the key Franco-German meeting faded, but the index still finished modestly higher, up 0.28%. Investors will likely be cautious ahead of a pivotal EU summit to take place on Friday. "WE NEED STRUCTURAL CHANGES" German Ch
Read moreSector movers: Banks rise on euro optimism
5th Dec 2011 16:05
Banks continued to rise with Lloyds leading the way, rising over 7% on hopes that leaders can bring an end to the euro crisis. RBS and Barclays were also making gains. As the continent gears up for the EU summit on Friday, which is to focus on proposals to move euro area countries further towards c
Read moreLondon midday: Banks lift Footsie on euro optimism
5th Dec 2011 12:00
Hopes that leaders can bring an end to the euro crisis lifted markets on Monday. Many believe that it is now make-or-break time for the single currency, echoing remarks made last week by Economic and Monetary Affairs Commissioner Olli Rehn that the continent had just 10 days to save the euro. The de
Read moreLondon close: Footsie falls back below 5,500
1st Dec 2011 16:35
Despite a strong rise before on the back of some better-than-expected manufacturing data from the US, London's benchmark index pulled back to finish close to its lowest levels of the day. Nevertheless, after yesterday's eye-watering rally which saw benchmark indices across the globe jump between 3-5
Read moreSector movers: Burberry higher on Chinese hopes, personal goods sector up
1st Dec 2011 15:19
Burberry was the second-best performer of the day on the FTSE 100 on Thursday, providing a lift to the personal goods sector. Iconic British luxury brand, a stock often sensitive to changes in the outlook for the Chinese economy, gained over 6% yesterday after the People's Bank of China (PBOC) anno
Read moreFTSE 100 Movers: Randgold shines again
29th Nov 2011 15:20
Randgold Resources was the top performer, rising over 5%, climbing its way back after yesterday's fall. On Monday, the firm cut its production forecast for the year after running into a number of difficulties at its Tongon mine in Côte d'Ivoire. The firm said that it now expects group production for
Read moreMonday broker round-up
28th Nov 2011 10:52
Burberry: UBS keeps at neutral, cuts target to 1,250p from 1,450p BHP Billiton: Nomura reinitiates coverage at buy; raises target to 2,500p from 2,400p. Rio Tinto: Nomura reinitiates coverage at buy; establishes a target of 97p. Xstrata: Nomura keeps at buy; cuts target to 1,500p from 2,200p. EN
Read moreSector movers: Burberry drags personal goods stocks lower
23rd Nov 2011 15:15
Personal goods stocks were the worst performers on Wednesday afternoon, dragged lower by sector giant Burberry. The iconic British luxury brand was among the heaviest fallers on the FTSE 100 falling 4.47% to 1,113p as of 15:28. The decline comes after a key economic measure in China - a fast-growin
Read moreLondon close: Footsie stages late recovery
15th Nov 2011 16:38
London's FTSE 100 index bucked the trend in global markets on Tuesday to trade broadly flat by the close despite some heavy falls for Burberry and the banks. Some slightly better-than-expected domestic economic news seemed to lift sentiment in the UK during the day. Worth noting, UBS has set its ye
Read moreFTSE 100 Movers: Surpise fall for Burberry
15th Nov 2011 13:43
It was a surprise fall for Burberry, the luxury fashion retailer, which has seen profits before tax rise 26% to £162m on revenues of £830m, while the interim dividend has been raised by 40% to 7p per share. Even after Nomura upped its full-year numbers, saying it sees "significant growth potential
Read moreLondon midday: Euro concerns dampen sentiment, Burberry falls
15th Nov 2011 12:05
Just six stocks were in the blue by midday, as reports of political difficulties for the Italy's Prime Minister-in-waiting shook investors' nerves. London's blue chip index remains firmly in negative territory, registering a fall of 1.35% by 12:05. ITALIAN, SPANISH YIELDS ON THE RISE Former EU Com
Read moreBroker tips: Burberry, ENRC, Dixons
15th Nov 2011 12:03
Despite the market's cool reaction to Burberry's first half results on Tuesday morning, Nomura has upped its full-year numbers, saying it sees "significant growth potential ahead". The broker has raised its full-year adjusted pre-tax profit forecast by 1% to £372m, expecting "higher retail comp sto
Read moreBroker snap: Nomura expects significant growth at Burberry
15th Nov 2011 10:23
Despite the market's cool reaction to Burberry's first half results on Tuesday morning, Nomura has upped its full-year numbers, saying it sees "significant growth potential ahead". The luxury fashion firm reported a 29% growth in revenue to £830m, while adjusted pre-tax profit rose 26% to £162m. No
Read moreTuesday broker round-up - UPDATE
15th Nov 2011 09:55
Lonmin: Goldman Sachs downgrades to sell from neutral. Antofagasta: Evolution Securities upgrades from sell to neutral, target cut from 1,200p to 1,110p. Standard Chartered: Evolution Securities maintains neutral rating and 1,800p target. Burberry: Merchant Securities keeps buy rating. Burberry:
Read moreLondon open: Burberry finds market hard to please
15th Nov 2011 08:03
London has made a hesitant start, with banks and miners a drag on the index in the early going. Investors are reluctant to commit themselves too much ahead of today's inflation figures at 9:30 which will almost certainly require Mervyn King, the governor of the Bank of England, to write another let
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