London open: Sweet FA deal batters Sky and BT
14th Jun 2012 08:45
You would have thought that the market had become used to sovereign debt downgrades by now, but the decision by Moody's to take Spain's rating down three notches to a level adjacent to 'junk' status has ratcheted up tension ahead of Italy's debt auction this morning. Italy is set to auction €4.75bn
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreLondon close: Poor data sinks stocks, fuels QE3 speculation
1st Jun 2012 16:26
- Global stocks hit year-to-date low - US, UK, Chinese and Eurozone data disappoints - Gold soars on QE3 speculation after weak data Disappointing employment and manufacturing data from across the world sank global stock markets on Friday, meaning that May's heavy losses for equities were extended.
Read moreFTSE 100 movers: BP a high riser on TNK-BP sale plans
1st Jun 2012 13:16
BP surged early on after revealing that it wants to sell-up at TNK-BP, the joint venture it set up with a consortium of Russian investors, as speculation has run rampant in recent days of a breakdown in the relationship between the British oil firm and its partners. Jefferies this morning estimated
Read moreLondon midday: Manufacturing figures pressure markets lower
1st Jun 2012 11:31
- Manufacturing PMIs in UK, Eurozone, China fall - Eyes on US payrolls - BP jumps on TNK-BP sale After a bright start early on, London's blue chip index had dropped into the red by Friday lunchtime after a barrage of disappointing manufacturing data dampened market sentiment. Manufacturing purchas
Read moreLondon open: Stocks rise despite Chinese data
1st Jun 2012 08:25
- Chinese PMI dissapoints - Ireland begins counting votes on fiscal treaty referendum - BP jumps after proposed sale of interest in TNK-BP London's Footsie index bucked the trend seen across European markets to trade firmly higher on Friday morning, ahead of some crucial payrolls data Stateside du
Read moreLondon pre-open: FTSE to rise on Greek polls
1st Jun 2012 07:31
City sources predict the FTSE 100 will open up 26 points from yesterday's close of 5,296, boosted by news that the most recent opinion polls in Greece show that pro-bailout parties are in the lead. BP has revealed that it wants to sell-up at TNK-BP, the joint venture it set up with a consortium of
Read moreBT offloads French IT division
1st Jun 2012 07:22
Telecoms giant BT Group has sold its application development services business in France to the Paris-listed IT services company, Osiatis. The division employs around 100 employees, 80% of which are engineers and experts in Java J2EE and Microsoft.Net development, according to Osiatis. In a brief
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreSector movers: Burberry hit by China growth downgrade
18th May 2012 15:45
Fashion chain Burberry is dragging the Personal Goods sector down, ahead of its results next week. The firm, which counts China as one of its major export markets, always seems to take a hit when there is bad news about the economy of the People's Republic, and the catalyst this time is the downgra
Read moreLondon close: Stocks slip as Greece heads for new elections
15th May 2012 16:30
- Greece fails to form coalition - Eurozone GDP unchanged in first quarter - IAG falls after downgrade, miners track metals prices lower London's blue chip index fell sharply for a second straight day on Tuesday as it was revealed that Greek leaders failed to form a coalition, meaning that the coun
Read moreFTSE 100 movers: IAG is biggest faller after downgrade
15th May 2012 15:53
Airline company IAG was pressured into the bottom spot after JP Morgan Cazenove downgraded its recommendation from overweight to neutral. Miners were also pushed lower as metal prices took a hit, with Vedanta, Kazakhmys and Rio Tinto all in the bottom 10. Meanwhile, international security soluti
Read moreSector movers: Mining stocks dented by Greek concerns
15th May 2012 15:52
Mining stocks continue to bear the brunt of recent sell-offs on the back of concerns over the ongoing Eurozone debt crisis. Metals prices are under pressure again today as worries over the escalating political situation in Greece continue to prompt speculation that the nation could leave the euro i
Read moreLondon midday: Footsie edges higher as Eurozone avoids recession
15th May 2012 11:55
- Eurozone GDP flat in first quarter - German GDP surprises to the upside - UK trade deficit narrows slightly The FTSE 100 was registering only slight gains by Tuesday lunchtime as Greek concerns continue to dampen sentiment. The benchmark lost almost two per cent of its value yesterday on speculat
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
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