London open: Buying boosted by Greece, China
20th Feb 2012 08:26
- Decision day for Greece, hopes of a bailout approval boost stocks. - PBoC cuts RRR for banks. - Miners, oil stocks perform well early on. Just a handful of stocks were in the red in early trading on Monday, as market sentiment was lifted by hopes that Greece can secure its next tranche of aid. Me
Read moreLondon open: Stocks rise as China pledges to keep helping Eurozone
15th Feb 2012 08:19
- PBOC to keep buying Eurozone debt. - Eurogroup meeting cancelled. - Essar leads the risers early on. UK stocks rose in early trading on Wednesday, rebounding after yesterday's decline, with European indices following Asian markets higher after China pledged to continue buying Eurozone debt. Spea
Read moreMost Cairn shareholders opt for divi option
14th Feb 2012 07:47
The overwhelming majority of Cairn Energy shareholders have opted to hold on to their Cairn B shares after pocketing the juicy dividend offered as the oil firm passes on some of the proceeds from its sale of its Cairn India stake. Cairn shareholders had three options: the single B share dividend o
Read moreLondon close: Stocks rise on Greek deal and QE
9th Feb 2012 16:37
- Greek deal agreed, says PM's office. - BoE boosts QE by £50bn. - ECB keeps rates on hold. Stocks were given a boost in afternoon trade on news that Greek leaders had come to an agreement over an austerity package. However, gains were trimmed late on as investors began to assess the very limited d
Read moreLondon midday: Stocks hold on to gains as BoE boosts QE
9th Feb 2012 11:45
- BoE boosts QE by £50bn. - Greek leaders clash heads over pensions. - Oil stocks provide a lift to the Footsie. The Footsie held on to moderate gains by lunchtime as the Bank of England announced further stimulus measures to boost the UK economy. Earlier optimism over a draft Greek deal seems to h
Read moreLondon open: Stocks rise after Greek draft deal
9th Feb 2012 08:19
- Stock nudge higher after Greece drafts agreement. - BG leads oil stocks higher. - Hagreaves, Rio, Rolls-Royce, British Land, Diageo, Tate & Lyle fall after updates. It was a cautious start for the Footsie as stocks edged higher in early trading after Greece's political leaders pushed through a dr
Read moreLondon close: Losses pared ahead of Greek meeting
7th Feb 2012 16:35
-Greek talks enter critical stage. -Shareholders raise questions over terms of Glencore/Xstrata merger. -Defensives in demand as investors flee from risk. Losses were trimmed by the end of trade on Tuesday with reports pointing to progress being made in Greece. Government leaders and international
Read moreFTSE 100 movers: Glenstrata deal hits shares in both firms
7th Feb 2012 15:48
Both Xstrata and Glencore both fell today as battle lines were drawn over the Glenstrata merger. The opening salvos have been fired in the battle for value over the proposed $90bn merger between the two commodity giants. On one side are the shareholders of Glencore and the managements of both compan
Read moreBroker snap: UBS ups target for Cairn
7th Feb 2012 13:12
UBS has raised its target price for oil and gas giant Cairn Energy after the shares went ex-dividend yesterday with a share consolidation. Following the $5.5bn sale of a large stake in its Indian business to Vedanta Resources, Cairn last month gave details of the $3.5bn cash return to shareholders.
Read moreBroker tips: BP, Cairn, Amlin
7th Feb 2012 13:00
Nomura has reiterated its neutral rating and 500p target for oil titan BP saying that while the 14% increase in the quarterly dividend is welcome, the Macondo oil settlement remains 'the elephant in the room'. Adjusted replacement cost operating profit came in at $4,986m, above both consensus and N
Read moreLondon midday: Footsie at day's worst levels on worries over Greece, China
7th Feb 2012 11:49
- Shareholders raise questions with terms of Glencore/Xstrata merger. - BP predicts flat underlying production in 2012. - Greek talks enter critical stage. UK stocks sank further into the red by midday with worries over Greece and China - as well as an early blow to the Glencore-Xstrata merger - we
Read moreTuesday broker round-up - UPDATE
7th Feb 2012 10:14
Shire: Goldman Sachs reiterates 'conviction buy.' Misys: Berenberg Bank downgrades to hold from buy. BP: Nomura maintains neutral rating and 500p target. Cairn: UBS ups target from 291p to 370p, neutral rating kept; Credit Suisse ups target from 357p to 369p, neutral rating kept. Rio Tinto: Cred
Read moreLondon open: Miners tank in early trade
7th Feb 2012 08:35
A fall in the mining sector outweighed a strong showing by oil stocks as the Footsie slipped in early trading. Eyes will again be on Greece with as the meeting between Prime Minister Lucas Papademos and the country's three main political parties, originally scheduled for yesterday, is due to take p
Read moreFTSE 100 movers: Glencore leads the way down
6th Feb 2012 14:34
Glencore International was the worst performer, followed not far behind by Xstrata, both of which were pulling back after last week's strong rise - the two commodities giants are currently in talks regarding a merger. US broker Jefferies announced today that the potential combination would be a "w
Read moreTuesday newspaper round-up: Eurozone, US savings, pork,IPOs
31st Jan 2012 07:04
European leaders agreed on a permanent rescue fund for the Eurozone, and 25 out of 27 EU states backed a fiscal pact for stricter budget discipline in the Eurozone, while a deal on Greek debt is expected in "days". Only Britain and the Czech Republic refused to agree to the fiscal compact, due to be
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