London open: Markets flat as Apple disappoints
24th Jan 2013 08:26
UK stocks opened broadly flat on Thursday morning as a disappointing earnings report from the world's largest technology company weighed on sentiment early on. US tech titan Apple saw shares tumble after the closing bell in New York last night after its fiscal first-quarter results missed forecasts
Read moreThursday broker round-up UPDATE
24th Jan 2013 08:20
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
Read moreBroker snap: Utilities stocks continue to steady, says Seymour Pierce
21st Jan 2013 08:05
With results in the utilities sector not expected to grab many headlines over the next few weeks, Seymour Pierce has highlighted its best and worst picks for the category. "Overall, we believe that the utilities sector continues to be a 'Steady Eddie', performing as it should in uncertain markets,"
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreSunday newspaper round-up: Marks&Spencer, Sterling, Vodafone
13th Jan 2013 18:41
Last week showed that the M&S riddle - whether the 81,000 person strong outfit will survive - remains unsolved. Over the crucial Christmas trading period sales of general merchandise were down 3.8 per cent ? much worse than the 1.5 per cent fall the market had expected. The nasty numbers were made w
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreTuesday newspaper round-up: Diageo, British Gas, Banco de Valencia...
8th Jan 2013 07:00
Diageo's public offer to buy a stake in India's United Spirits is facing delays as it awaits regulatory approvals, it emerged yesterday. The drinks giant had agreed in November to pay 1.3 billion pounds for a 53.4 per cent stake in United Spirits under a two-stage process including a mandatory tende
Read moreFTSE 100 movers: Barclays leads risers as National Grid falls
7th Jan 2013 15:34
Banking giant Barclays was the high riser of the day after regulators eased rules on cash buffers, giving lenders more time and greater flexibility to comply with Basel III liquid coverage ratio requirements. Sector peers Lloyds and HSBC were also on the up. "Less strict liquidity rules should red
Read moreSunday newspaper round-up: RBS, Britain´s AAA, Centrica
6th Jan 2013 21:13
JC Flowers, headed by former Goldman Sachs banker Chris Flowers, is planning an ambitious move into the banking mainstream. It has teamed up with Apollo, one of the world´s largest buy-out houses, to bid for 316 Royal Bank of Scotland branches put back up for sale in October after a proposed deal wi
Read moreLondon close: Markets boosted by US jobs report
7th Dec 2012 16:28
- Jobs reports lifts markets, but gains modest - Bundebank cuts German growth estimates - ECB rate cut speculation increases The Footsie finished with slight gains on Friday afternoon as some better-than-expected jobs data from the US managed to outweigh concerns about Germany's economy. Stocks st
Read moreFTSE 100 movers: Defensive stocks lead risers
7th Dec 2012 15:27
Defensive stocks, such as those in the utilities, tobacco and pharmaceuticals categories, were performing well today, as they benefited from risk aversion which has put a dent in the mining sect this morning. Centrica, Imperial Tobacco and Shire were among the best performers. Polymetal was also p
Read moreLondon midday: Markets cautious ahead of US jobs report
7th Dec 2012 11:45
The FTSE 100 was trading within a tight range on Friday morning as caution set in ahead of the eagerly-anticipated US employment report later today. However, providing a drag on sentiment this morning was newsflow from Germany: the Bundesbank now expects just 0.4% growth in the economy next year, d
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