London afternoon: Investors cautious ahead of G20 meeting
8th Nov 2010 13:47
The Footsie drifted lower over the lunchtime session, hitting a new low for the day, as the afterglow of the Fed's quantitative easing boost begins to fade. There was also an element of caution ahead of this week's Group of 20 meeting in South Korea. It's been an unusually busy Monday for company r
Read moreLondon midday: Footsie drifts lower
8th Nov 2010 12:28
Leading shares are mixed but still trending lower, with cautious investors banking a few profits after the UK market rose more than 3% last week. US futures point to a dull start on Wall Street, which is not helping shift the lacklustre mood. The Dow is tipped to start about 15 points below last we
Read moreLondon open: Unspectacular start for blue chips
8th Nov 2010 08:40
After the tumultuous events of last week London has paused for breath, with Footsie making only slight gains early on. The G20 summit will make headlines later in the week, but for now investors are bracing themselves for a deluge of blue chip announcements over the next few days. Warming up for t
Read moreRising house sales at Bovis
8th Nov 2010 07:17
Housebuilder Bovis said it expects market conditions to remain challenging over the next few months but remains confident it can sell more homes in 2011. "Whilst there remains uncertainty concerning the near term direction of house prices, the fundamental demand and supply drivers of the housing ma
Read moreLondon close: Footsie closes on low note
7th Oct 2010 16:52
Footsie turned down in the afternoon session despite better than expected US jobs and retail sales figures. US shares did not respond to the economic data and by midday the Dow was showing strongly red. In Europe, interest rates were left on hold by both the Bank of England and European Central ba
Read moreLondon close: Lower finish for FTSE 100
10th Aug 2010 16:42
A poor reception for updates from the holiday-related stocks TUI Travel and InterContinental Hotels helped ensure Footsie closed in the red, while economic worries also weighed on sentiment. China's trade surplus hit an 18-month high as exports surged and imports slowed. Imports increased 22.7% i
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreLondon midday: Consumer spending fears sink Footsie
10th Aug 2010 12:02
Concern about consumer spending has pulled the rug from under Footsie after a profit warning from tour operator TUI and weak retail sales figures. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12
Read moreLondon open: Poor start for Footsie
10th Aug 2010 08:54
London shares are lower in early dealings as comments from hotel and travel firms suggest consumers are starting to feel the pinch. Worries over the economy have certainly caught up with travel group TUI Travel, which warned profits this year will be at the low end of forecasts after UK bookings fa
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 10:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price
Read moreMARKET TALK: RBS Reviews UK Housebuilders
28th Jul 2010 10:38
0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price to 110p from 162p. Says while higher land investment intensity will be validated if trading stability holds, it adds an extra layer of volatility in the event of macro weaknes
Read moreMARKET TALK: Panmure Buys UK House Builders On Valuation
13th Jul 2010 09:37
0837 GMT [Dow Jones] Panmure Gordon reviews UK house builders. Says after a period in which the share prices of UK house builders "have been significantly hit, we are turning buyers of all stocks in the sector on valuation grounds." The brokerage upgrades Redrow (RDW.LN) to buy from hold but cuts ta
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 09:37
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0837 GMT [Dow Jones] Panmure Gordon reviews UK house builders. Says after a period in which the share prices of UK house buil
Read moreLondon close: Footsie rises again after strong week
9th Jul 2010 17:07
Footsie finished a very good week on the up again, helped by gains for the miners, life groups and Smith & Nephew. Antofagasta was the stand-out stock in the mining sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buying Anglo American ahead of an expected adv
Read moreLondon afternoon: Footsie condolidates gains
9th Jul 2010 14:39
Shares edged a little bit higher over the lunch time session with little sign yet of investors looking to bank the week's gains. Mining stocks are leading the advance. Antofagasta is the stand-out stock in the sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buy
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