London close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 100 movers: Anglo American a strong riser
29th Jan 2013 15:37
Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev
Read moreBT completes sale of Tech Mahindra
12th Dec 2012 09:43
Telecoms giant BT has completed the sale of its 9.1 per cent stake in Tech Mahindra to institutional investors. The total gross cash proceeds from the sale are £115.7m, which is expected to be treated as an income statement specific item in the company's next financial results. The share price fe
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreTikit to ride over to BT
14th Nov 2012 07:22
Telecoms giant BT has made an agreed offer to acquire Tikit Group, the information technology services provider to the legal and accountancy profession. BT is offering 416p in cash per Tikit share, comfortably above the 353.5p closing price of Tikit on the day before the announcement, and valuing t
Read moreBroker tips: Burberry, BT, RPS
7th Nov 2012 10:53
Seymour Pierce has reiterated its 'buy' rating and 1,500p target price for luxury brand Burberry after a better-than-expected first half. "On our current numbers, the shares are trading [at 16.1 times full-year earnings] which we believe is undemanding for its long term growth prospects. [...] We s
Read moreBroker snap: Credit Suisse pleased with cost-cutting at BT
7th Nov 2012 10:52
Credit Suisse has reiterated its 'outperform' rating and 300p target price for telecoms titan BT Group saying that the firm's second-quarter results last week support its positive view on cost-cutting and of rising demand for high-speed broadband. "In the Q2 results BT again demonstrated its abilit
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreSector movers: Telecoms gain as BT rings up profits
1st Nov 2012 15:54
Telecoms stocks were given a boost on Thursday after sector heavyweight BT Group surged on the back of its interim results, with investors celebrating a 15 per cent increase in the dividend and a seven per cent rise in adjusted pre-tax profits. Adjusted profit before tax climbed 7% to £608m from £5
Read moreFTSE 100 movers: Lloyds reports progress and pleases investors
1st Nov 2012 15:32
Banking giant Lloyds rose strongly after an 'in-line' third-quarter statement. The lender said that it is making progress despite delivering a statutory loss before tax of £583m for the first nine months of the year, including a further Payment Protection Insurance (PPI) provision of £1bn in the thi
Read moreLondon midday: Stocks rise after flurry of corporate updates
1st Nov 2012 11:50
- Results impress from BT, BSkyB, Lloyds... - Markets await barrage of economic data Stateside - Chinese manufacturing beats expectations Impressive gains from BT Group, Lloyds, BSkyB and Legal & General were lifting the FTSE 100 higher on Thursday, with better-than-expected economic figures from
Read moreThursday broker round-up
1st Nov 2012 09:19
Antofagasta: UBS ups target from 1,080p to 1,100p, sell rating kept. Avocet Mining: Numis downgrades to add, target cut from 130p to 90p; Westhouse Securities downgrades to sell, 1,434p target kept. Bank of Georgia: Seymour Pierce reiterates buy rating and 1,600p target. Barratt Developments: Gol
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