London midday: Stocks rise, US futures point up as Wall Street re-opens
29th Nov 2013 11:46
- Miners lead markets higher as metals prices rise - S&P lifts Spanish outlook, Eurozone unemployment falls - UK consumer confidence falls again - US futures up, retailers in focus on Black Friday techMARK 2,677.17 +0.34% FTSE 100 6,670.61 +0.24% FTSE 250 15,483.33 +0.33% UK markets were registeri
Read moreBroker snap: 'Don't panic' housebuilders, says UBS
29th Nov 2013 10:08
'Don't panic' is the message being given to housebuilders by UBS after the Bank of England (BoE) announced that they are removing the Funding for Lending Scheme (FLS) to support mortgage lending from 2014. However, the bank warned of other more serious threats to the industry and the potential for
Read moreBank's FLS revision opens buying window for housebuilders
28th Nov 2013 16:39
Shares in UK housebuilders subsided markedly today after the government said it would scale back its scheme to boost mortgage lending as the property market continues to improve, which offers investors underweight the sector an opportunity to buy. As house price inflation looks set to accelerate
Read moreFTSE 250 movers: Thomas Cook leads risers after jump in profit
28th Nov 2013 15:50
Travel operator Thomas Cook surged after reporting a better-than-expected 49 per cent leap in full-year operating profits as it lifted its near-term guidance for revenue and cost-cutting. Kenmare Resources's wet concentrator plant A (WCP A) at the Moma Mine returned to full production capability fo
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreFTSE 250 movers: Housebuilders extend Thursday's gains
22nd Nov 2013 15:51
Housebuilders continued to climb on the back of the latest UK tax figures which yesterday signalled a housing boom, with stamp duty revenues at the same level they were at just before the economic crisis in 2008. Essar Energy revealed it is one step closer to its FTSE inclusion after major shareho
Read moreFTSE 250 movers: QinetiQ rises on in-line results
21st Nov 2013 15:24
QinetiQ, the defence, security and aerospace company saw its share price rise strongly after it raised its interim dividend per share to 1.4p from 1.1p, due to its confidence that its Organic-Plus strategy will deliver value to shareholders over the medium term on the back of in-line first half resu
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreFTSE 250 movers: UBM sinks on profit plunge
22nd Oct 2013 15:34
Shares in media company UBM sank today after the company posted a decline in operating profit, hit by softening conditions in certain markets and a slower summer period, and warned on its full-year underlying revenue growth. The figure is now expected to be at or slightly below the bottom of its gu
Read moreFriday broker round-up UPDATE
18th Oct 2013 11:47
Aggreko: Jefferies reduces target price from 2000p to 1500p downgrading to hold. Andor Technology: Investec ups target price from 410p to 460p and maintains a buy recommendation. APR Energy: Jefferies ups target price from 1125p to 1300p and upgrades to buy. Bellway: UBS raises target price from
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreWednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreFTSE 250 movers: Imagination Technologies boosted by new chip plans
15th Oct 2013 15:12
Imagination Technologies was topping the leaderboard on Tuesday. The previous day the group announced details of a new chip, based on its version of the MIPS Series 5 architecture. The news has impressed investors because the technology is able to challenge competitors such as ARM. Satellite and c
Read moreLondon midday: Markets jump on signs of progress on Capitol Hill
15th Oct 2013 11:33
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. The FTSE 100 in London was trading up 0.7% at around 6,560 this morning; the last time it has closed higher
Read moreLondon open: Stocks rise on hopes of US debt ceiling deal
15th Oct 2013 08:19
UK stocks jumped in early trading on Tuesday as investors showed optimism that US politicians can avert a default by agreeing to raise the debt ceiling. The FTSE 100 in London was trading up 0.6% at around 6,550 this morning; the last time it has closed higher was on September 26th when it finished
Read more