London close: Stocks end higher after Australian rate cut
7th May 2013 16:31
Market Movers techMARK 2,417.98 +0.11% FTSE 100 6,557.30 +0.55% FTSE 250 14,101.42 -0.03% UK stocks charged higher on Tuesday, buoyed by the unexpected cut to Australia's policy cash rate, which prompted a strong start in the US. Stocks also rose on the back of Japanese markets rising to their hi
Read moreFTSE 100 movers: ENRC up after shareholder significantly ups stake
7th May 2013 15:57
Shares in natural resources giant ENRC moved higher after Russian billionaire Suleiman Kerimov bought a 2.86 per cent stake in the group. Kerimov's purchase, which is estimated to have cost in the region of $176m, takes his share in the company to 3.05%. HSBC was also on the rise after posting a
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreTuesday newspaper roundup: Greece, UK infrastructure, China
7th May 2013 06:59
Greece is making progress in repairing its economy but it needs to do more to stop tax evaders, the International Monetary Fund said yesterday. Delivering its much-anticipated health check on the Greek economy, the IMF praised "far-reaching labour market reforms", which have boosted competitiveness,
Read moreLondon close: Stocks pare gains after US data
1st May 2013 16:40
Disappointing economic from the States saw the FTSE 100 halve its earlier gains by the close on Wednesday as markets waited in anticipation of a policy decision from the Federal Reserve later this evening. The US central bank is widely expected to leave its current stimulus measures unchanged follo
Read moreFTSE 100 movers: BT leads the way after o2 deal
1st May 2013 14:52
BT Group shares were leading the risers on Wednesday after signing a 10-year deal with o2 to create a new 4G network worth in the region of 500m pounds. Speciality chemicals group Johnson Matthey has made strong gains after a positive update from Credit Suisse said that weaker platinum prices have
Read moreBroker tips: Miners, BT, Greggs
29th Apr 2013 11:17
Nomura has kept its cautious view on the European mining sector but has highlighted BHP Billiton and Rio Tinto as its top picks and upgraded its rating for ENRC and Anglo American from 'reduce' to 'neutral'. Nomura reckons that BHP Billiton, rated 'buy' at a price target of 2,400p, has a high-quali
Read moreBroker snap: Morgan Stanley cautious ahead of BT's results
29th Apr 2013 10:53
Morgan Stanley has reiterated its 'equal weight' rating and 300p target price for telecoms giant BT, saying it remains cautious ahead of firm's full-year results on May 10th. The broker expects group revenue to fall by 6.2% from £19,307m to £18,110m in the year to end March, while reported profit b
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreSector movers: Vodafone and BT lift telecoms higher
25th Apr 2013 14:25
Telecoms stocks were in demand on Thursday with Vodafone on the rise on renewed M&A speculation and BT gaining on reports that it is seeking a new mobile-phone partner. Shares in Vodafone were up 1.8% at 196.6p in afternoon trade after Reuters said last night that joint-venture partner Verizon Comm
Read moreBT Group seeks new mobile phone partner
25th Apr 2013 11:58
BT Group is seeking a mobile phone partner to boost its services in consumer and business markets. The group plans to use spectrum for faster fourth generation (4G) mobile services to get a better deal on its wholesale agreements with wireless carriers. Vodafone Group is bidding for the mobile s
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreLondon midday: Stocks tank as eyes turn to US jobs data
5th Apr 2013 11:28
Stocks across Europe were under heavy selling pressure on Friday morning as traders refrained from building positions ahead of the all-important employment report due out Stateside this afternoon. "We're seeing a lot of caution in the markets on Friday, ahead of what is expected to be a disappointi
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreLondon open: Markets nervous ahead of US jobs data
5th Apr 2013 08:27
Markets declined on Friday morning, despite relative strength in the mining sector, as traders refrained from building positions ahead of the key risk event of the day - the US employment report. The market reaction to the non-farm payrolls figure will be interesting to see, given the somewhat disa
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