London open: Footsie flat despite euro optimism
19th Jan 2012 08:22
The FTSE 100 opened flat on Thursday morning, following gains made yesterday after the news that the International Monetary Fund (IMF) is boosting its lending capacity by at least $500bn. Lifting sentiment was a source from the Greek finance ministry, who told French news agency Agence France-Pre
Read moreLondon close: Stocks edge higher on IMF hopes
18th Jan 2012 16:33
- IMF looks to boost lending capacity by $500bn - UK jobless rate rises to 8.4% - Essar bounces back after Indian tax ruling UK stocks finished moderately higher on Wednesday, with reports that the IMF is boosting its lending capacity lifting the mood across European markets. The International Mo
Read moreFTSE 100 movers: Recovering Essar in top spot
18th Jan 2012 14:54
Essar Energy was leading the way higher after a court ruling in India wiped 26% of the company's share price yesterday. The ruling appeared to put an end to Essar's use of a tax scheme for its oil refining operations in the state of Gujarat, which had seen the company defer $1.235bn in tax payment
Read moreLondon midday: Essar recovery pushes Footsie into the blue
18th Jan 2012 12:01
The Footsie pushed into positive territory in late morning trade, helped the blue chip index nudge above the 5,700 mark, helped by a strong recovery from Essar Energy and a well-received trading update from Man Group. Nevertheless, investors are keeping a close eye on Athens today as Greek private
Read moreWednesday broker round-up
18th Jan 2012 09:32
BT Group: UBS downgrades from buy to neutral, target cut from 230p to 210p. Tullow Oil: finnCap retains sell rating and 1,000p target. Man Group: Peel Hunt keeps buy stance but puts 245p target under review. Vodafone: On UBS's most preferred telecoms list. Rio Tinto: UBS cuts target from 5,500p
Read moreLondon close: Muted reaction to S&P as Footsie rises 0.4%
16th Jan 2012 16:29
The market reaction to S&P's mass downgrade of nine Eurozone nations was fairly muted on Monday, with the Footsie finishing at its highest levels of the day, as many argue that the downgrades of France and Austria (both rated AAA previously) were already priced in. Meanwhile, the results of the late
Read moreSector movers: Carnival drags travel stocks lower
16th Jan 2012 15:22
A massive 16% fall for cruise operator Carnival saw the travel and leisure sector fall to the bottom of the pile on Monday. One of Carnival's ships, the Costa Concordia, grounded off the coast of Italy at the weekend, causing the deaths (so far) of six people as well as numerous injuries. Sixteen p
Read moreFTSE 100 movers: Carnival falls after cruise ship crash
16th Jan 2012 14:22
Big news on the FTSE 100 today was cruise operator Carnival, which fell 17% after one of its ships grounded off the coast of Italy at the weekend. The company said that the cost of not having the Costa Concordia in service will be between $85m and $95m. The stock was not helped by a downgrade from M
Read moreBroker snap: Morgan Stanley downgrades Carnival after cruise disaster
16th Jan 2012 13:50
Morgan Stanley has decided to downgrade cruise line operator Carnival in reaction to the grounding of the Costa Concordia over the weekend. The US broker cut its rating on the stock to neutral, from overweight, and reduced its price target to 1,800p, from 2,700p. Carnival announced that the cost
Read moreLondon midday: Footsie flat as markets digest S&P move
16th Jan 2012 11:54
After a stint in the blue, and the red, the Footsie was trading flat by midday on Monday, as the markets digested the S&P move to downgrade nine Eurozone countries on Friday evening. Eyes are on France as the nation looks to issued €8.7bn in government debt today. Standard & Poor's (S&P) "finally"
Read moreBroker tips: Carnival, Meggitt, Rockhopper
16th Jan 2012 10:36
Credit Suisse has reassessed its view on cruise ship operator Carnival following the news that one of its luxury liners grounded off the coast of Italy at the weekend. The broker maintained its neutral rating on the stock but said that incident will be a "black mark on the cruise industry" as well
Read moreBroker snap: Costa tragedy to affect bookings at Carnival, says Credit Suisse
16th Jan 2012 09:54
Shares in cruise ship operator Carnival dropped nearly 19% on Monday morning following the news that one of its luxury liners grounded off the coast of Italy at the weekend. The Costa Concordia hit rocks off the island of Giglio on Friday evening, causing the deaths (so far) of six people as well a
Read moreCarnival counts the cost of cruise ship crash -UPDATE
16th Jan 2012 09:47
Carnival, the FTSE 100 company which owns the Costa Concordia, the cruise ship which grounded off the coast of Italy at the weekend, says the cost of not having the boat in service will be between $85m and $95m. Carnival is the parent company of Costa Cruises, the operator of the Concordia. The co
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreLondon open: Footsie slips after S&P move, Carnival drops
16th Jan 2012 08:17
The Footsie slipped 0.2% in the opening minutes, following Friday's move by S&P to downgrade nine Eurozone nations. Meanwhile, cruise ship operator Carnival saw shares drop early on after releasing a statement relating to the grounding of a luxury liner off the Italian coast. Standard & Poor's (S&P
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