Wednesday broker round-up
25th Jul 2012 10:13
3i Group: Investec initiates with buy rating and 236p target. APR Energy: UBS cuts target from 690p to 590p, sell rating unchanged. British American Tobacco: Jefferies keeps buy rating and 3,730p target. British Land: Jefferies keeps buy rating and 552p target. BT Group: Jefferies maintains buy
Read moreLondon open: Footsie nears one-month low as results disappoint
25th Jul 2012 08:44
- UK Q2 GDP data coming out soon - Footsie nears one-month low - BT, Johnson Matthey, Tullow and BATS disappoint The FTSE 100 index looks set to experience its fourth straight day in the red as concerns over the Eurozone outlook continue to dampen equity markets worldwide; investors in London will
Read moreHard times in the City hit BT
25th Jul 2012 07:13
Telecommunications titan BT saw underlying earnings grow year-on-year in the April to June quarter despite its corporate customer-focused Global Services unit having a tough time of it in Europe and London's financial district. Adjusted profit before tax in the first quarter of the group's financia
Read moreTuesday broker round-up
24th Jul 2012 08:15
Aberdeen Asset Management: Societe Generale upgrades to buy from hold. Aggreko: S&P Equity Research upgrades to buy. BT Group: Societe Generale raises target from 210p to 220p, hold rating kept. CareTech: Canaccord Genuity ups target from 166p to 194p, buy rating kept. Carpetright: Merchant Secu
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreLondon close: All eyes turn to Greece
15th Jun 2012 16:52
London's top-share index peaked at 5,523 shortly after 10:00 and even fell into the red in the afternoon session just after 15:00 before rallying to close with a modest gain. The fast start was prompted by two things, both relating to banks. The first was reports that central banks stand ready to
Read moreFTSE 100 movers: Banks leap on BofE decision
15th Jun 2012 15:02
Royal Bank of Scotland, Lloyds Banking and Barclays were all sent soaring on Friday after banks reacted positively to the initiatives from the the UK government and the Bank of England to help banks grease the wheels of British commerce. Chancellor George Osborne said the plan, which reports have va
Read moreLondon midday: More QE could be on the way
15th Jun 2012 12:12
After a bright start on the back of the initiative announced last night to get British banks lending, equities have moved into consolidation mode ahead of this Sunday's big election in Greece. Meanwhile, the failure of last week's Spanish banking hand-out to put an end to the Eurozone crisis appear
Read moreLondon open: Banks buoyed by BoE initiative
15th Jun 2012 09:23
London's leading shares have opened firmer, encouraged by reports that the world's central banks stand ready to act should financial markets freeze up next week in the wake of Greece's general election on Sunday. Global monetary authorities are ready in the event that liquidity is required to ensur
Read moreLondon close: Losses pared, but Sky falls in
14th Jun 2012 16:42
A late rally on the back of Wall Street strength saw Footsie erase most of the day's losses. Eurozone worries were on the market's mind for much of the day after credit ratings agency Moody's slashed Spain's sovereign debt rating by three notches to a level barely above junk status. Italy's bond
Read moreFTSE 100 movers: BSkyB hit by downgrade
14th Jun 2012 14:51
British Sky Broadcasting (BSkyB), which more or less built its business in the UK on live football, is paying the FA £2.3bn to broadcast live 116 matches over a three year period, starting from the 2013-14 season. The shares are sharply lower, with Numis Securities reacting to the cost of the deal b
Read moreBSkyB and BT fall after Premier League deal
14th Jun 2012 12:19
Shares in BSkyB and BT Group have fallen after the firms announced they were paying over three billion pounds between them for the rights to show Premier League games next season. Investors gave the deal the thumbs down with BSkyB shares falling 7% and BT Group dropped 3%. The Football Association
Read moreLondon midday: Markets calm as Italian yields rise
14th Jun 2012 11:50
Markets have reacted positively in the main to the outcome of the Italian bond auction on Thursday morning, which saw yields rise fairly steeply. Italy issued a total of €4.5bn of debt in three, seven, and eight-year bonds. It matched its issuance target but had to pay higher yields than on the pr
Read moreFA the winner in bumper rights deal
14th Jun 2012 09:27
The Football Association has secured a record deal for the rights to Premier League games, with BSkyB and BT paying seventy per cent more than the current package. BSkyB and BT have the rights to broadcast Premier League football for three years from the start of the 2013/2014 season, paying a comb
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