London 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
Read moreLondon close: South African miners rally, even as QE3 is stifled
17th Sep 2012 17:04
Footsie finished the day below 5900, having traded in a narrow range spanning from 5,883 to 5,916, as worries about Chinese growth weighed on investors' minds. Last week London enjoyed a good run on the back of apparent enthusiasm of central banks worldwide to give the global economy a leg-up, but
Read moreFTSE 100 movers: Reckitt rises on CFO appointment
17th Sep 2012 14:19
Reckitt Benckiser, the Anglo-Dutch household goods firm behind the Cillit Bang brand, rose after it nabbed Adrian Hennah from medical technology business Smith & Nephew to be its new Chief Financial Officer. Hennah will get his feet under his new desk in 2013. The company´s share price is also on th
Read moreBT appoints Luis Alvarez to role of Global Services CEO
17th Sep 2012 12:45
Telecommunications service provider BT has unveiled Luis Alvarez as its new Chief Executive Officer of Global Services from October 1st. Alvarez has been with BT for 12 years in a variety of roles, most recently President of BT Global Services Europe, Middle East, Africa and Latin America. He is
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreFTSE 100 movers: Miners soar after Fed announcement
14th Sep 2012 15:39
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement. Investors are hoping that an improved US economy will boost the demand for commodities. Kazakhmys, Vedanta, Evraz, Fresnillo, ENRC, Antofagasta and Anglo American all gain
Read moreBT fails to keep Pace
14th Sep 2012 07:39
Telecommunications service provider BT has been forced to acquire set-top boxes from Humax, a Korean group, so as to be able to launch its long-delayed YouView internet TV service. That after rejecting those provided by Pace, its intended supplier. The Financial Times has learnt that the boxes bein
Read moreLondon close: Stocks surge on hopes for QE3
13th Sep 2012 16:35
- Markets close higher ahead of Fed decision - Greece could need third bailout, says IMF official - BAE's merger with EADS called into question Following a subdued start, UK stocks ended at their highest levels of the day with just an hour or so to go before the announcement of the Federal Reserve'
Read moreSector movers: Vodafone and BT lift telecoms higher
13th Sep 2012 15:59
The telecoms sectors were performing well on Thursday with heavyweights Vodafone and BT Group providing a lift in afternoon trade. Mobile phone group Vodafone was making decent gains in the mobile telecoms sector, one day after the stock was hit with concerns about its US joint venture Verizon Wire
Read moreFTSE 100 movers: BAE drops on broker notes
13th Sep 2012 14:56
Defence group BAE Systems was also a heavy faller, pulling back after surging yesterday on discussions with aerospace giant EADS regarding a "possible combination" of the businesses. Investec, Societe Generale and Oriel Securities cut their recommendations for the stock this morning. Hot on its hee
Read moreLondon midday: Markets look to Fed for a boost
13th Sep 2012 11:50
- Markets tentative ahead of FOMC announcement - Stocks already priced in stimulus - Next and BAE provide a drag in London The FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yest
Read moreLondon open: Markets cautious ahead of FOMC meeting
13th Sep 2012 08:27
- Markets focus on FOMC announcement - Next sinks on gloomy outlook - BAE eases after strong surge With all eyes on a Federal Open Market Committee (FOMC) meeting today, UK stocks started flat on Thursday ahead of a key policy decision in the US. "European headline shares opened tentatively this m
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