London close: Footsie finishes flat on euro concerns
6th Dec 2011 16:53
The Footsie finished flat on Tuesday, as some worrying comments on the Eurozone by ratings agency Standard & Poor's continued to weigh on sentiment. The index traded within a narrow range of just 51 points today, with investors likely to stay cautious ahead of a pivotal EU summit scheduled at the e
Read moreLondon midday: Footsie in the blue despite S&P warning
6th Dec 2011 12:01
UK equities pushed into positive territory (albeit only slightly) by midday but trade was choppy in the morning session, as a Standard & Poor's warning over Eurozone ratings rattled markets' nerves. Nevertheless, US futures were pointing to a positive start on Wall Street, providing a lift here in
Read moreLondon open: Stocks up on euro hopes, Michael Page tanks
5th Dec 2011 08:17
London's blue chip index has opened higher, building on last week's gains of 7.5%, as a pivotal week in the Eurozone crisis kicks off. KEY WEEK FOR EURO French President Nicolas Sarkozy and German Chancellor Angela Merkel are due to meet in Paris today to discuss the centralised control of Eurozon
Read moreLondon close: Stocks up 7.5% on the week on euro hopes
2nd Dec 2011 16:39
London's Footsie pared gains in the afternoon but still finished the day nearly 1% higher as easing fears over the Eurozone crisis kept the blue chip index firmly in positive territory. Despite closing some 50 points below the best levels of the day, the Footsie has gained 7.49% over the last week,
Read moreSector movers: Banks jump, defensives sold
2nd Dec 2011 15:55
The banking sector, a category typically sensitive to the outlook for the global economy - and more recently, developments in the Eurozone - was the best performing sector today, after comments from European leaders over 'fiscal union' helped to ease fears over the sovereign debt crisis. German Cha
Read moreFriday tips round-up: Centrica, Anite, May Gurney
2nd Dec 2011 07:25
There are about six billion mobile phones on the planet. There are, as yet, just two million subscribers to the next generation, the 4G networks, mainly scattered across the United States and in the Far East, writes Tempus in The Times. That statistic tells you all you need to know about the stock m
Read moreLondon open: Thomas Cook, Dixons jump higher
24th Nov 2011 08:34
The Footsie was trading broadly flat early on, swinging between small gains and losses in the opening minutes. Weighing on sentiment was a poll by Reuters/Ipsos MORI which showed that the majority of Britons (58%) believe the economy will get worse over the next year. That is the highest figure sin
Read moreTuesday broker round-up - UPDATE
22nd Nov 2011 09:34
British Land: Bank of America-Merrill Lynch upgrades to buy from neutral. Centrica: Goldman Sachs keeps at Conviction Buy. Smith&Nephew: Citi cuts target to 492p from 507p, keeps at sell. Smith&Nephew: Citi reiterates neutral. Thomas Cook: Evolution Securities downgrades from neutral to sell, t
Read moreSector movers: Oil services stocks fall as crude sinks
21st Nov 2011 13:44
Every sector was either trading flat of registering a loss on Monday as European and US debt concerns sparked a mass sell-off. Oil equipment, services and distribution stocks were the worst performers as oil prices sank for the third day. The Finance Ministry of Japan, the third-largest crude oil c
Read moreBroker tips: Centrica, Amlin, House-builders
21st Nov 2011 12:56
Investec has reiterated its buy rating on British Gas owner Centrica after the energy giant's announcement of "major moves in the gas market". "We believe that these are good moves that will underpin Centrica's position on both the Upstream and Downstream side," said Investec analyst Angelos Anasta
Read moreLondon midday: Global concerns spark mass sell-off
21st Nov 2011 12:13
After a steep sell-off early on, the FTSE 100 traded sideways in the morning session and remained firmly below the 5,300 level, registering triple-digit losses, as of midday. Stocks markets across Europe suffered falls of between 2% and 3%, while US futures were also pointing to sharp decline, as ne
Read moreDigital Look broker talk
21st Nov 2011 12:09
Centrica: "Centrica has today announced major moves in the gas market. We believe that these are good moves that will underpin Centrica's position on both the Upstream and Downstream side" [Investec]. Phoenix Group: "Any takeover of Phoenix would also represent the hope that more cash could be sque
Read moreBroker snap: Investec rates Centrica as a buy
21st Nov 2011 12:01
Investec has reiterated its buy rating on British Gas owner Centrica after the energy giant's announcement of "major moves in the gas market". The company announced on Monday that it has agreed to buy producing and development gas and oil assets from Statoil Petroleum for $1,525m (£965m), which are
Read moreLondon open: Footsie sinks to 5,300 early on
21st Nov 2011 08:28
The Footsie sunk towards the 5,300 level in early trading with worrying economic news from Asia weighing on sentiment. Also impacting market sentiment negatively, reports that a U.S. congressional super-committee may have failed to reach an agreement on which budget deficit reduction measures are ne
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
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