London close: Stocks lifted by upbeat US earnings
23rd Jan 2013 17:05
London's FTSE 100 finished with moderate gains on Wednesday afternoon ahead of a key vote over the potential extension of the debt ceiling Stateside, as some decent results from US bellwethers Google, McDonald's and IBM lifted sentiment across stock markets worldwide. The US House of Representative
Read moreFTSE 100 movers: Tullow Oil and Unilever lead the way
23rd Jan 2013 14:51
Tullow Oil, Unilever and Marks & Spencer were at the top of the FTSE 100 game on Wednesday. Tullow Oil led the race, a day after the company said it completed the acquisition of Spring Energy Norway AS. The group announced that the acquisition had already brought success for Tullow. Also to be had
Read moreLondon midday: Stocks hold on to gains, but markets cautious
23rd Jan 2013 11:38
The mood on the stock markets was cautious on Wednesday morning as traders digested a barrage of economic announcements, corporate earnings and a key speech by David Cameron. The FTSE 100 managed to stay in positive territory after a strong start, albeit only just. UK Prime Minister David Cameron's
Read moreLondon open: Stocks rise ahead of US debt-ceiling vote
23rd Jan 2013 08:28
Well-received earnings from some Wall-Street heavyweights were boosting market sentiment on Wednesday morning, with London's FTSE 100 making moderate gains early on. Both Google and IBM impressed the US market late last night with better-than-expected fourth-quarter results. Markets will likely be
Read moreLondon close: Markets start 2013 in bullish mood
3rd Jan 2013 17:03
- Footsie jumps 150 points in two days - Markets react to mixed economic data - UK 10-year bond yields above two per cent London's blue-chip index was able to build on Wednesday's massive surge today in the aftermath of the fiscal cliff deal Stateside on New Year's Day. Market analyst Michael Hews
Read moreFTSE 100 movers: Serco makes strong gains after upgrade
3rd Jan 2013 15:22
Serco Group became a higher riser after the outsourcing company was upgraded by Espirito Santo. Compass Group, the contract caterer, was downgraded by the same broker, prompting shares to fall. Building materials group CRH fell after announcing that full-year development activity in 2012 totalle
Read moreLondon midday: Markets cautious in fiscal deal aftermath
3rd Jan 2013 11:27
- Markets subdued after yesterday's 2.2 per cent jump - Concerns over US economy weigh on sentiment - Next cheers investors with festive update The FTSE 100 was broadly flat by Thursday lunchtime as stocks held on to yesterday's impressive 2.2 per cent surge on the back of the US fiscal cliff deal
Read moreLondon open: Stocks flat after impressive rise
3rd Jan 2013 08:16
UK stocks were registering only slight losses on Thursday morning as markets managed to hold on to yesterday's impressive gains following the New-Year's-Day agreement to avert the fiscal cliff in the US. Providing some support early on was the China non-manufacturing purchasing managers' index whic
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read moreBroker tips: Smith & Nephew, Resolution, Compass
28th Nov 2012 11:14
Investec has kept its 'hold' rating and 670p target price for medical technology group Smith & Nephew following Wednesday's proposed acquisition of Healthpoint Biotherapeutics. The broker said that the purchase is a "good fit" but raises the risk profile of the company as a whole. "For us, whilst t
Read moreBroker snap: Compass exuding confidence, says Jefferies
28th Nov 2012 09:41
Jefferies has upgraded its rating for contract caterer Compass Group from 'underperform' to 'hold', saying that last week's full-year results offset some concerns. "Compass's £400m share buyback reload, 10% dividend increase and reiterated guidance for FY13E exudes confidence," the broker said in a
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreSDL head shows faith after profit warning
27th Nov 2012 16:28
The Chairman and Chief Executive of troubled business, translation and communications software company SDL has added 170,532 shares to his stake in the company one day after it issued a profit warning. Mark Lancaster, who also founded the group in 1992, was clearly keen to show his faith in the gr
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreBroker tips: SAB Miller, Compass, British Land
26th Nov 2012 12:48
Analysts at broker Jefferies were this morning praising brewery group SAB Miller's interim results out last week. In particular, they highlighted how the company's higher innovation, better execution and increasing cost synergies gives them confidence on the company's future ability to deliver pee
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