London midday: Stocks fall as Crimea turmoil drags on
24th Mar 2014 11:42
- Ukraine tensions escalate as G7 leaders meet - Interim President orders withdrawal from Crimea - Chinese manufacturing PMI eases - Kentz, Centamin impress, Diploma drops techMARK 2,769.80 -0.75% FTSE 100 6,537.07 -0.31% FTSE 250 16,085.67 -0.46% Heightened geopolitical tensions in Ukraine pushed
Read moreLondon open: Ukraine, China fears weigh on stocks
24th Mar 2014 08:24
- Reports of increased Russian presence near Ukraine border - Chinese manufacturing PMI falls - Standard Life in talks with Phoenix over Ignis - Kentz, Centamin rise after results techMARK 2,779.91 -0.39% FTSE 100 6,549.85 -0.11% FTSE 250 16,173.87 +0.09% UK stocks opened in the red on Monday as r
Read moreSunday newspaper round-up: Life insurers, energy companies, supermarkets
23rd Mar 2014 15:45
The chief executives of some of Britain's biggest life insurers have asked regulators to intervene after the Chancellor's announcement of dramatic changes to the pensions market, the Sunday Telegraph said. The insurance bosses have contacted the Financial Conduct Authority and the Prudential Regulat
Read moreFTSE 100 movers: Morrison leads supermarkets lower
13th Mar 2014 14:55
WM Morrison's share price dropped today after it issued a disappointing set of full-year results, with like-for-like sales falling 2.8 per cent. Chairman Sir Ian Gibson admitted that the company had been slow to adapt to the changing UK grocery market. The supermarket chain guided to an underlying
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreFTSE 100 movers: Rolls-Royce jumps on Daimler JV buy-out
10th Mar 2014 14:56
Rolls Royce was in the top spot today after a host of analysts lifted their target prices following the engine group's move last week to buy-out Daimler in their 50-50 joint venture, Rolls-Royce Power Systems (RRPS). After the close of trade on Friday, Rolls-Royce said that it is to buy the remain
Read moreBroker tips: Mondi, AB Foods, Centrica, Taylor Wimpey
10th Mar 2014 12:05
Citigroup has upgraded its rating for Mondi from 'neutral' to 'buy' and raised the target price from 1,110p to 1,260p, saying it sees "another strong year ahead" for the paper and packaging group. "Mondi continues to deliver strong earnings driven by improvements in costs, acquisitions and volume g
Read moreCredit Suisse upgrades Centrica after recent falls
10th Mar 2014 09:46
Credit Suisse has raised its recommendation for British Gas owner Centrica from 'underperform' to 'neutral' after the stock's recent underperformance. "Centrica has been the worst performing utility across the past six months, falling circa 18% versus the pan-euro sector up 22%," the bank said. "O
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreThursday newspaper round-up: Ukraine, Co-op, Rolls Royce
6th Mar 2014 07:13
Attempts to broker direct negotiations between Russia and Ukraine´s foreign ministers made little headway in Paris on Wednesday, although the US Secretary of State and Russia´s Minister of Foreign Affairs are due to meet again on Thursday, in Rome. In parallel, the European Union announced that it w
Read moreFriday newspaper round-up: Centrica, Lloyds, RBS...
21st Feb 2014 07:13
The boss of Centrica has refused to commit to another year at the helm of the British Gas owner as frustration mounts at political attacks on the energy industry. Sam Laidlaw, Centrica's chief executive, has been the target of personal attacks by consumer groups and politicians in recent months over
Read moreLondon close: First rise in Bank rate possible before elections
20th Feb 2014 16:36
- Markets pare early losses - Weak Chinese data weighs on mining stocks - FOMC minutes prompt some rate hike fears - First rise in Bank rate could come before elections techMARK 2,876.09 +0.02% FTSE 100 6,812.99 +0.24% FTSE 250 16,368.83 +0.13% UK markets managed to recoup early losses following
Read moreFTSE 100 movers: BAE slides on possible profit drop
20th Feb 2014 15:38
Military hardware manufacturer BAE Systems slumped despite reporting a three per cent increase in operating profits to 1.9bn pounds for 2013, after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending. Mining stocks Anglo American, Glencore Xstra
Read moreLondon pre-open: Stocks set to slide early on after data disappoints
20th Feb 2014 07:30
- Sentiment hit by poor US and Chinese data - FOMC minutes reveal plans for continued tapering - IMF warns of financial problems arising in emerging markets Stocks are set to open firmly in the red today after both Chinese and US data came in below expectations overnight. City sources predict th
Read moreCentrica's 2013 profits fall amid margin pressures
20th Feb 2014 07:03
British Gas owner Centrica said market conditions in 2014 are set to remain challenging amid political pressure to lower energy prices. In its 2013 annual results, the group warned that going into the new financial year there would be a squeeze on margins, unusual weather patterns on both sides of
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