London open: Heavy hitters impress early on - BT, BSkyB, Lloyds...
1st Nov 2012 08:47
- Results impress from BT, BSkyB, Lloyds... - Chinese manufacturing beats expectations - Footsie gains 0.3 per cent early on Following a sell-off the day before, the FTSE 100 rebounded on Thursday morning with well-received results from blue chip constituents BT Group, BSkyB, Lloyds, Shell and Lega
Read moreRetail and Openreach stand out at BT, margins rise -UPDATE
1st Nov 2012 07:30
Telecommunications giant BT has bumped up its interim dividend after a solid second quarter which saw profits before tax grow. Adjusted revenue in the three months to the end of September was down 9% at £4,474m from £4,894m a year earlier, while underlying earnings before interest, tax, depreciatio
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreFTSE 100 movers: Sage gets boost from Citigroup
29th Oct 2012 15:07
Sage Group was leading the risers after Citigroup upgraded the stock from neutral to buy, and raised its target price from 294p to 345p. Similarly, Deutsche Bank has today upped its price targets Hammerson to 580p from 540p, boosting the stock into the top three risers. Serco Group, the internat
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 100 movers: Financials, miners jump on increased risk appetite
16th Oct 2012 15:03
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US. Lloyds, Admiral, Royal Bank of Scotland and Barclays were leading financials hig
Read moreLondon midday: Stocks extends gains after German ZEW survey
16th Oct 2012 11:48
- German ZEW index beats forecasts - Markets await results from US blue-chips - Signs of progress in Eurozone lift sentiment UK stocks had held on to gains by Tuesday lunchtime as investors digested some decent economic figures and improving newsflow from the Eurozone. "Financial markets extended
Read moreBroker tips: Hargreaves Lansdown, BT, GKN
16th Oct 2012 10:51
Credit Suisse analysts have downgraded Hargreaves Lansdown to 'underperform' from 'neutral' but have raised their price target for the stock from 480p to 655p. The Swiss bank believes that the shares, trading at an all-time high (up 70% year-to-date), and on a calendar year price earnings ratio of
Read moreBroker snap: Nomura prefers BT over Vodafone
16th Oct 2012 10:50
Nomura kept its 'buy' rating for telecoms giant BT Group on Tuesday saying that, while first-half results are likely to be hit by the economic downturn, it still prefers the business over sector peer Vodafone (rated 'neutral'). Both BT and Vodafone are expected to report a headline revenue decline
Read moreLondon open: Stocks rise despite contradictory reports on Spain
16th Oct 2012 08:37
- Portugal, Greece and Spain in the spotlight - Markets await economic data from UK and Eurozone - Rio Tinto and Anglo American gain London's FTSE 100 index registered a strong start on Tuesday morning as investors celebrated signs of progress in the Eurozone. Markets finished with just slight ga
Read moreTuesday broker round-up - UPDATE
16th Oct 2012 08:14
Amara Mining: Seymour Pierce keeps buy rating. ASOS: Morgan Stanley initiates coverage with overweight rating and 3,000p target. Bellway: Panmure Gordon raises target from 954p to 957p, hold rating kept; Jefferies keeps hold rating and 1,004p target. British American Tobacco: Nomura keeps buy rat
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
Read moreMonday broker round-up
15th Oct 2012 09:33
Anglo American: Goldman Sachs downgrades to sell. Antofagasta: Goldman Sachs downgrades to neutral, target cut from 1,150p to 1,100p. Asian Plantations: Panmure Gordon cuts target from 400p to 380p, buy rating kept. AVEVA: Panmure Gordon keeps hold rating and 1,878p target. Bellzone Mining: Gold
Read moreLondon open: Chinese export data lifts stocks
15th Oct 2012 08:41
- Stocks gain as Chinese exports beat forecasts - EU summit in focus - Goldman downgrades several UK-listed miners UK stocks edged higher in early trading on Monday on the back of some robust export data from China, though gains were only modest as uncertainty in the Eurozone continues to be a drag
Read moreWednesday tips round-up: AMD, BT Group
19th Sep 2012 07:06
In the FT, Lex is reading the tea leaves for microchip maker AMD and they don't look good. The Chief Financial Officer quit yesterday, leading to a 10pc share price fall. Even worse, the group's strategic options look weak, with the big money in mobile and tablet computing and Intel hoovering up the
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