London close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreFTSE 100 movers: Slow-burning Croda catches fire
24th Jul 2012 15:40
It took a while for the market to fully digest the results from speciality chemicals producer Croda International, but once it did the shares raced ahead. Strong demand for the group's products in the USA offset weaker trading conditions in Europe, while a change in the product mix sold led to an i
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read moreLondon open: Market extends losses on euro worries
24th Jul 2012 08:29
- Footsie continues to fall as Spanish yields rise - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Miners, banks provide a drag in London - Moody´s criticizes gradualist approach to crisis resolution - Goldman Sachs AM President calls for radical ECB action -BBC UK stocks edged
Read moreLondon pre-open: Small bounce-back expected following sell-off
24th Jul 2012 07:30
City sources reckon that the FTSE 100 will open up by around 24 points today, as equity markets attempt to rebound following Monday's mass sell-off across the globe. The Footsie finished at 5,534 yesterday, its lowest closing level in nearly a month, after surging bond yields in Spain (on the back
Read moreMargins improve at Croda
24th Jul 2012 07:05
Strong demand for its speciality chemicals in America offset weaker trading conditions in Europe for Croda International in the first half of 2012. Profit before tax in the six months to the end of June rose 6.3% to £132.6m from £124.8m the year before, while in the second quarter alone profit befo
Read moreFTSE 100 movers: A tale of two companies, Vodafone and Hermes
19th Jul 2012 14:36
Natural gas group BG was under the weather after Credit Suisse downgraded the stock to 'neutral' and cut its target price from 1,660p to 1,500p. Shares in Vodafone have moved into the second to worst spot on the top share index after it became known that Verizon Communications´s conference call ag
Read moreLondon midday: Markets celebrate global corporate earnings
19th Jul 2012 11:45
- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
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 moreSector movers: Burberry dents personal goods sector
11th Jul 2012 14:50
The personal goods sector was hammered today after heavyweight constituent Burberry disappointed the market with its first-quarter trading statement. The luxury brand group said that underlying sales growth was just 11% in the first quarter of 2012, down from 15% in the fourth quarter of 2011. Th
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 moreLondon close: Markets cautious on Eurozone uncertainty
26th Jun 2012 16:33
- Cautious mood ahead of EU summit - Cyprus, Spain and Italy dampen sentiment - US data mixed The FTSE 100 struggled to find direction on Tuesday, swinging between gains and losses throughout the day on the back of development in the Eurozone and mixed economic data from the US. Traders were showi
Read moreFTSE 100 movers: Shire jumps into top spot on upgrades
26th Jun 2012 15:28
Shire leapt into the top spot, rebounding after a heavy sell-off the day before on the back of generic competition issues surrounding its ADHD drug, Adderall XR. The firm was given a lift by Panmure Gordon, Berenberg and Societe Generale, who all upgraded their ratings on the stock. Speciality che
Read moreSector movers: Croda, Elementis lift chemicals sector higher
26th Jun 2012 14:23
The chemicals sector was the best performing category on Tuesday afternoon on the back of decent performances by Croda International and Elementis. Croda, the FTSE 100 manufacturer of speciality and oleochemical products, was trading around 2.5% higher after JP Morgan Cazenove upgraded the stock fr
Read moreLondon midday: Stocks flat on mixed Eurozone news
26th Jun 2012 11:33
- German consumer sentiment improves - Cyprus asks for a bailout - Perhipery bond auctions see yields rise London's Footsie swung between gains and losses on Tuesday morning on the back of mixed news from the Eurozone. Investors are likely to remain cautious ahead of the crucial EU summit on June 2
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