London pre-open: Small rise expected ahead of BoE interest rate
10th May 2012 07:39
City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,530 ahead of the Bank of England's interest rate announcement, due out this morning. The figure is widely expected to remain at the same level and no expansion of the quantitative easing programme is predicted. Fu
Read moreBT on the right line
10th May 2012 07:10
Full year underlying profits at telecoms titan BT were slightly ahead of expectations even though revenue was a bit on the light side. Underlying profit before tax in the year to March 31st rose 16% to £2,421m, versus expectations of £2,412m. Earnings before interest, tax, depreciation and amortisa
Read moreSunday newspaper round-up: Hollande, BT, Facebook
6th May 2012 12:05
John Lewis Partnership, the employee-owned retailer behind John Lewis and Waitrose, is exploring opening shops in China, a move which would mark its first foray outside the UK. Charlie Mayfield, chairman of the partnership, recently visited the country on a mission focused on sourcing products, visi
Read moreFriday broker round-up - UPDATE
27th Apr 2012 09:21
AstraZeneca: Credit Suisse maintains underperform rating and 2,600p target. ASOS: HSBC upgrades from neutral to overweight, target cut from 1,900p to 1,780p. Barclays: Nomura reiterates neutral recommendation and 268p target. British American Tobacco: Jefferies maintains buy recommendation and 3,
Read moreLondon open: Spanish downgrade weighs on sentiment
27th Apr 2012 08:41
- S and P downgrades Spain - UK consumer confidence misses estimates - Banks, miners lead the downside in London The FTSE 100 opened cautiously on Friday morning looking like it could snap a three-day winning streak, with banking and mining blue chips providing a drag on the back of concerns over t
Read moreWednesday broker round-up - UPDATE
18th Apr 2012 09:12
ARM Holdings: Morgan Stanley maintains overweight rating. Ashtead: Jefferies maintains buy rating and 300p target. BHP Billiton: Barclays Capital maintains overweight recommendation and 2,400p target. British American Tobacco: Nomura raises target from 3,360p to 3,390p, buy recommendation maintai
Read moreLondon close: Banks, miners lead the rebound
11th Apr 2012 16:43
- Spanish, Italian yields fall on ECB intervention speculation - Barclays leads banks higher after upgrade - UK retail sales values rise in March London's FTSE 100 index finished Wednesday's session strongly following a steep fall yesterday, as investors saw opportunity to build positions in two he
Read moreSector movers: BT pulls telecoms lower
11th Apr 2012 16:14
Telecoms titan BT Group was dragging the fixed line telecommunications sector lower after a downgrade from JP Morgan Cazenove today. The US broker cut its rating from overweight to neutral saying it may struggle to grow revenues in 2012. Despite this, it still expects the firm to do well in the lon
Read moreFTSE 100 Movers: Barclays boosted by upgrade
11th Apr 2012 13:38
Shares of banking giant Barclays were performing well, helped by an upgrade from Investec, which recommended investors build positions following the stock's recent underperformance. Mining giant Vedanta Resources was also back on the up one day after yesterday reporting that it continues to see re
Read moreLondon midday: Risk appetite increases as banks, miners advance
11th Apr 2012 12:08
- Footsie back above 5,600 after sell-off - Banks, miners among best performers on Footsie - Michael Page unwanted on FTSE 250 After a tentative start, the Footsie was firmly higher by lunchtime on Wednesday, rebounding after yesterday's mass sell-off on the back of worries over the US jobs market
Read moreLondon open: Cautious start after yesterday's sell-off
11th Apr 2012 08:27
- Miners rebound after steep losses yesterday - Eyes on Spanish yields as industrial output slips - BT falls after downgrade The Footsie swung between gains and losses on Wednesday morning after closing at a four-month low the day before. The blue chip index lost 2.24 per cent on Tuesday to finish
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreBT jettisons Italian broadband subsidiary
5th Apr 2012 09:29
BT Italia, a subsidiary of UK telecoms titan BT, has sold its entire stake in consumer-focused broadband Internet service provider NGI, allowing it to focus on its core corporate and public sector customer base. Cometa, a company owned by the current Chief Executive Officer of NGI, Luca Spada, and
Read moreMonday broker round-up
2nd Apr 2012 09:26
Ashtead: Jefferies reiterates buy rating and 300p target. Bodycote: Jefferies maintains buy recommendation and 475p target; Investec raises target from 400p to 410p, buy rating kept. BT Group: Jefferies raises target from 237p to 268p, buy rating maintained. Centrica: Investec ups target from 423
Read moreMonday broker round-up - UPDATE
26th Mar 2012 09:24
Aberdeen Asset Management: Peel Hunt upgrades from hold to buy, target left at 280p. Aggreko: Peel Hunt retains hold rating and 2,200p target. Amlin: Nomura downgrades from buy to neutral, target left at 383p. Anite: Peel Hunt raises target from 150p to 165p, buy rating kept. BBA Aviation: Jeffe
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