Sunday newspaper round-up: Irreversible, Catalonia, British Gas
22nd Jul 2012 21:04
The euro is "irreversible" and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi, who also argued that Eurozone nations will eventually be bound even closer together. The central bank chief suggested that analysts who have been t
Read moreCentrica expands footprint in New York
12th Jul 2012 07:23
Energy provider Centrica has agreed to acquire the New York-based energy retailers Energetix and NYSEG Solutions, which operate as a single retail organisation, in order to strengthen its position in north-east America. The acquisition, made through Centrica's North American subsidiary Direct Ener
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
Read moreLondon midday: Footsie pares losses but still in the red
11th Jul 2012 11:33
- Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later The FTSE 100 had pared some of its earlier losses but was still trading firmly in the red by Wednesday lunchtime with a disappointing trading update from
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreBroker tips: Glencore, Xstrata, Michael Page...
9th Jul 2012 11:08
Jefferies expects commodities marketer and producer Glencore to bump up its proposed merger ratio for Xstrata and says that following the stocks' recent underperformance, shares of both groups are now more attractively valued. "We continue to have a positive view on shares of BHP Billiton and Rio T
Read moreBroker snap: Nomura bearish on European utilities
9th Jul 2012 11:06
Nomura has retained its 'bearish' view on the European utilities sector, saying that there are downside risks to guidance across the industry. According to the broker's recent investor survey, some 70% of respondents see downside rise to 2013 earnings per share estimates. "With our bearish outloo
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreFTSE 100 movers: GKN leaps into the top spot after acquisition
5th Jul 2012 13:15
Shares in GKN rocketed after the announcement of its acquisition of Volvo Aero for 633m pounds. To help fund the deal GKN aims to place £140m of new shares with institutional investors, with the rest of the money coming from new debt facilities. Investec reiterated its 'buy' recommendation for the
Read moreLondon midday: Stocks edge higher as BoE ups QE
5th Jul 2012 11:35
- BoE increases QE, maintains Bank Rate - ECB expected to cut refi rate to 0.75 per cent - GKN jumps higher after 633m-pound Volvo Aero purchase The Footsie was registering moderate gains in morning trade on Thursday as investors hoped that the Bank of England would inject more stimulus into the su
Read moreLondon open: Markets cautious ahead central bank decisions
5th Jul 2012 08:35
- BoE expected to increase QE - ECB predicted to slash rates - GKN rockets after Volvo Aero acquisition The FTSE 100 was flat in early trading on Thursday with markets cautious ahead of policy decisions in both the UK and Europe due after midday. The Bank of England's (BoE's) Monetary Policy Commi
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreLondon close: Eurozone uncertainties fuel risk aversion
25th Jun 2012 16:43
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues Mining stocks were dragging London's FTSE 100 sharply lower on Monday, as investors sold off 'riskier' assets. However, it was Shire that finished the day as the wor
Read moreBritish Gas strengthens smart meter roll-out
20th Jun 2012 14:41
British Gas, the utility company owned by FTSE 100 firm Centrica, has purchased a small stake in German broadband services group Power Plus Communications in an effort to bolster its roll-out of smart meters across the UK. In an announcement on Wednesday morning, Centrica said that the division had
Read moreFTSE 100 movers: Financials push top tier index higher
11th Jun 2012 14:41
Financial stocks were tracking their European counterparts higher on Monday, as the continent's banking industry celebrated Spain's request for aid. Barclays, Lloyds and RBS were among the highest risers, helped by Oriel Securities which kept buy ratings on all three stocks today. HSBC was also ga
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