Sunday newspaper round-up: Aon, Volcker, BoE, Rockhopper
15th Jan 2012 17:03
Aon is to become the first US S&P 500 company to become domiciled in the UK after the insurance broker unveiled plans to shift its headquarters from Chicago to London. The move by Aon, which employs 59,000 people globally and has a market capitalization of $15bn gives a boost to London´s status as a
Read moreCairn Energy's Director of Operations pockets shares
12th Jan 2012 16:25
Phil Dolan, Cairn Energy's Director of Operations, has bought up 50,000 shares in the firm one day after the oil and gas giant gave details of the long-awaited $3.5bn it intends to return to its lucky shareholders. Dolan purchased the shares at £2.787 each. The pay-out news came after Cairn's
Read moreLondon close: Footsie closes up 1.5% on mining surge
10th Jan 2012 16:53
The Footsie closed near its highest levels of the day at 5,697, breaking through the 5,700 mark briefly in late afternoon trade. Upbeat economic data from China along with news that Fitch doesn't intend to downgrade France this year lifted the mood across Europe today with benchmark indices across t
Read moreLondon midday: Resource stocks lift Footsie, Gulf Keystone jumps
10th Jan 2012 12:00
Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders. A big mover was Gulf Keystone,
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreLondon open: Footsie helped higher by miners
10th Jan 2012 08:28
The FTSE 100 had a strong start on Tuesday morning with just two stocks in the red early on. In economic news, UK retail sales values were 2.2% higher on a like-for-like basis in December, helped by an easy comparison when last year was affected by the snow. Total sales rose 4.1%. "On both measures
Read moreLondon pre-open: Stocks to open higher on Eurozone comments
10th Jan 2012 07:25
City sources predict the FTSE 100 will open up 48 points from yesterday's close of 5,612, following on from US markets which finished up last night, boosted by reassuring but largely familiar comments from the leaders of Germany and France about their plans to tackle the Eurozone crisis. Retailer
Read moreCairn to pay 160p per share
10th Jan 2012 07:17
Following Cairn Energy's $5.5bn sale of a large stake in its Indian business to Vedanta Resources, the oil and gas giant has now given details of the long-awaited $3.5bn it intends to return to its lucky shareholders. Cairn first announced the cash return in December when it completed the disposal
Read moreFootsie clunkers of 2011
25th Dec 2011 11:45
Having had a quick shufti at the best performing FTSE 100 stocks of 2011, it is time to have a look at the clunkers. Indian reservations The curious thing about duff performers in the top-share index is that they don't stay in the Footsie if their share price decline continues for too long. As an
Read moreBroker snap: Investec still cautious after Cairn's Indian sale
15th Dec 2011 12:59
Despite Cairn Energy's "early Christmas present" of a massive special dividend, Investec stays cautious on the oil giant. Following the sale of a large stake in its Indian business to Vedanta Resource, Cairn announced that it would return $3.5bn to shareholders "with a view to providing UK tax resi
Read moreBroker tips: Cairn Energy, ITV, Ultra Electronics
15th Dec 2011 12:56
Despite Cairn Energy's "early Christmas present" of a $3.5bn special dividend, Investec stays cautious on the oil giant. However, analyst Angus McPhall said: "Given a lack of success at the drill-bit in Greenland, lower GDP growth rates in India, weakness in the Indian Rupee, and no apparent 'Plan
Read moreThursday broker round-up - UPDATE
15th Dec 2011 08:48
Hays: Barclays initiates at outperform. Morgan Crucible: Goldman Sachs upgrades to buy from neutral. Hargreaves Lansdown: Citi cuts to neutral from buy. Cairn Energy: Investec keeps hold, target cut from 333p to 291p. Betfair: UBS raises target from 620p to 625p, sell rating unchanged. Logica:
Read moreLondon midday: No surprises from BoE, market awaits ECB decision
8th Dec 2011 11:45
After a strong start, the Footsie pared gains by lunchtime, ahead of a busy afternoon and evening in the Eurozone. The Bank of England (BoE) issued no surprises, keeping interest rates on hold. Markets are now awaiting a decision on European Central Bank (ECB) interest rates due out at 12:45 London
Read moreLondon open: Footsie opens up, Tesco's price drops
8th Dec 2011 08:11
The Footsie opened firmly in the blue as investors looked ahead to this evening's EU summit with confidence. Meanwhile, the Bank of England (BoE) and the European Central Bank (ECB) are expected to announce their interest rate decisions after midday. ALL EYES ON THE EURO With the BoE expected to f
Read moreLondon pre-open: Footsie seen higher ahead of busy day
8th Dec 2011 07:20
The Footsie is expected to open with moderate gains ahead of today's interest rate decisions by the Bank of England (BoE) and the European Central Bank (ECB). Investors will likely be cautious before the beginning of the crucial EU Summit later this evening, with many worried that it may not produc
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