London midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreBroker snap: Housebuilders rise after Goldman comments
9th Oct 2013 11:03
Housebuilding stocks were performing well on Wednesday after upbeat comments from Goldman Sachs over the outlook for the market, driven in part by 'Help to Buy'. This comes just days after the government launched the second phase of the mortgage guarantee scheme three months earlier than planned.
Read moreWednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreBroker snap: JPMorgan upgrades Persimmon and Barratt Developments
30th Sep 2013 11:27
Housebuilding peers Persimmon and Barratt Developments were making gains on Monday morning after JPMorgan Cazenove upgraded its ratings for both stocks to 'overweight'. The wider sector was given a lift after the government announced this weekend that it will launch the second phase of the 'Help to
Read moreLondon open: US and Italian politics weigh on risk appetite
30th Sep 2013 08:44
Political uncertainty in the US and Italy along with disappointing economic figures from China weighed heavily on risk appetite on Monday morning with mining stocks bearing the brunt of the selling. The FTSE 100 opened around 0.8% lower at 6,458.29 in early trading; the last time it closed lower wa
Read moreMonday broker round-up UPDATE
30th Sep 2013 08:23
African Minerals: Canaccord Genuity raises target price from 330p to 370p and keeps a buy recommendation. Avon Rubber: WH Ireland ups target price from 530p to 590p keeping a buy recommendation. WH Ireland takes target price from 530p to 590p and reiterates a buy recommendation. Barratt Developmen
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreLondon open: US budget, Fed policy in focus as stocks fall
25th Sep 2013 08:43
Ongoing budget talks in the States and uncertainty surrounding Federal Reserve monetary policy continues to weigh on market sentiment, with stocks falling into the red on Wednesday morning. Markets across Europe were trading lower early on, following on from a weak session in Asia overnight and the
Read moreSector movers: Housebuilders gain on construction data
13th Sep 2013 14:51
The household goods and home construction sector was the best-performing category on Friday, extending its impressive surge over the last year. Investors seemed to be shrugging off heightened fears of a 'bubble' in the UK housing market and instead are focusing on a continuing improvement in econom
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreFTSE 250 movers: Inmarsat jumps after Morgan Stanley upgrade
2nd Sep 2013 15:36
Satellite operator Inmarsat jumped on Monday after Morgan Stanley upgraded its rating on the stock from 'equalweight' to 'overweight', citing the potential for its US business given the possible 'reactivation' of its co-operation agreement with US group LightSquared. The broker raised its target pri
Read moreLondon pre-open: Markets expected to fall early on
27th Aug 2013 07:49
Markets are expected to open with losses on Tuesday morning as traders return to their desks after the long three-day weekend, attempting to play catch-up after negative sessions in the US and Asia overnight. City sources predict the FTSE 100 will open down around 25 points from Friday's close of
Read moreBovis Homes secures additional banking agreement
27th Aug 2013 07:04
Bovis Homes has agreed a further banking arrangement, providing the housbuilding group with additional financial flexibility. The £50m agreement extends the £125m committed revolving credit facility agreed in January 2013, and combined with the three-year term loan of £25m entered into in January
Read more