London close: Stocks fall after choppy day on mixed manufacturing data
3rd Jun 2013 17:03
A mixed bag of manufacturing results from across the globe resulted in a weak start to the new month for financial markets, with the FTSE 100 sinking to levels not seen in over four weeks. After a volatile session, the FTSE 100 finished 58 points lower at 6,525. The last time the index finished low
Read moreFTSE 100 movers: ARM drops as competition from Intel intensifies
3rd Jun 2013 14:57
Chip designer ARM Holdings was the worst top-tier performer of the day on Monday after Samsung confirmed that it would use an Intel processor in its new Galaxy tablets, a sharp blow to ARM whose chips had previously powered some of the South Korean firm's devices. ARM investors were shrugging off t
Read moreLondon midday: Losses pared after UK, Eurozone manufacturing data
3rd Jun 2013 11:42
Disappointing factory activity in China prompted sharp falls in early trading on Monday, though losses were pared by lunchtime after some better-than-expected manufacturing figures closer to home. The FTSE 100 sunk to an intraday low of 6,512 early on, falling to levels not seen since the start of
Read moreLondon open: Stocks sink after Chinese manufacturing figures
3rd Jun 2013 08:27
A disappointing reading of Chinese manufacturing activity combined with the realisation that US stimulus may soon be trimmed weighed heavily on market sentiment on Monday morning. The FTSE 100 sunk by nearly one per cent early on, falling to levels not seen since the start of May, following sharp f
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreFTSE 100 movers: RBS, Centrica, Polymetal
31st May 2013 13:58
Royal Bank of Scotland's shares edged up after narrowing its shortlist of prospective bidders in its sale of 315 branches. UK gas and electricity supplier Centrica advanced Friday as utility stocks bounced back after a sharp fall over the past week. Polymetal International rallied after completi
Read moreSector movers: Utilities rebound after recent sell-off
31st May 2013 13:34
Utility stocks were making gains on Friday afternoon as they attempted to rebound following their recent falls. After an impressive rise so far this year, high-yielding utility stocks have been under pressure over the past week. While this could simply be a result of profit-taking, some analysts ha
Read moreLondon midday: FTSE 100 down one per cent as volatility continues
31st May 2013 11:26
The volatile trade seen over the past week continued on Friday with investors turning nervous ahead of another raft of economic indicators from the US later on. "European markets have taken a leg lower this morning as traders look to scale back risk heading into the month's end, with the central ba
Read moreLondon open: Markets down as traders await economic data
31st May 2013 08:21
Stocks sank sharply on Friday morning, continuing the volatile pattern seen over the past week, as traders cautiously awaited more economic figures from the States. Stocks gained slightly yesterday as a worse-than-expected second reading of US gross domestic product growth and a rise in jobless cla
Read moreLondon close: Stocks plummet as bond yields rise
29th May 2013 16:38
Financial markets erased yesterday's impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London. "In an almost complete reversal of yesterday's price action the bears have reasserted themselves today, overturning the brief return to optimism as European
Read moreSector movers: Utilities drop as yield-hunters turn to US debt
29th May 2013 14:46
Every sector in London was either flat or in the red on Wednesday afternoon as concerns about the global economy - following downgrades to growth forecasts from the OECD - sparked a market-wide sell-off. The utilities sectors, which have put in an impressive performance in 2013 so far, were firmly
Read moreLondon midday: FTSE 100 snaps eight-day winning streak as miners fall
14th May 2013 11:50
Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. "The broader market malaise is
Read moreLondon open: Markets flat after strong run, but Severn Trent soars
14th May 2013 08:19
Strong gains for Severn Trent and other utility providers helped offset weakness elsewhere on Tuesday morning as the FTSE 100 paused for breath following an eight-day winning streak. "European markets moved forward modestly today shunning a mixed trading session in Asian stock markets overnight as
Read moreTuesday newspaper round-up: Severn Trent, Lloyds, Vodafone...
14th May 2013 06:52
According to The Times, Severn Trent could be the target of a bid worth up to 5.3bn pounds. The utility company is said to be in talks with Canadian infrastructure investors Borealis and the Kuwait Investment Authoirty The Independent says that the new Chairman to replace Sir Win BIschoff at Lloyds
Read moreLondon midday: Stocks snap winning streak as Chinese data disappoints
13th May 2013 11:51
Disappointing economic data from China on Monday put an end to a seven-day winning streak in London which lifted the FTSE 100 to a five-and-a-half-year high last week. London's benchmark index reached a closing price of 6,625 on Friday afternoon, a level not seen since late 2007, meaning that it ha
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