London close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreFTSE 100 movers: Travis Perkins lifted by Liberum Capital rating
11th Oct 2013 14:34
Travis Perkins shares got a boost after Liberum Capital raised its target price and reiterated its 'buy' rating on the builders' merchant and home improvement retailer. Restaurant and hotels owner Whitbread was also higher after Citigroup upgraded the stock to 'buy', saying: "Improved sentiment ar
Read moreLondon midday: Stocks surge on US hopes as risk appetite returns
11th Oct 2013 11:20
The FTSE 100 was trading at a two-week high on Friday morning on hopes that ongoing negotiations in the US will result in a short-term deal to raise the borrowing limit in order to avoid a dreaded default. After a 1.5% jump on Thursday, the FTSE 100 was extending gains this morning, rising 0.8% to
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreLondon open: Stocks extend gains on hopes over debt-ceiling deal
11th Oct 2013 08:27
UK stocks were making small gains on Friday morning in light of an impressive finish on Wall Street and Asian markets overnight on the back of hopes that US lawmakers could come to a resolution over the impending debt ceiling. Benchmarks in New York surged by at least 2% each - the Dow Jones put it
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreBroker tips: Diageo, Fresnillo, M&S
7th Oct 2013 11:15
Smirnoff and Captain Morgan owner Diageo was trading lower on Monday morning after Citigroup said it expects a 'soft quarter' for the spirits industry across the board. Nevertheless, the bank kept its 'buy' rating saying that growth should improve in the coming quarters and the company is the best
Read moreBroker snap: Citi expects soft quarter for Diageo
7th Oct 2013 10:33
Smirnoff and Captain Morgan owner Diageo was trading lower on Monday morning after Citigroup said it expects a 'soft quarter' for the spirits industry across the board. Nevertheless, the bank kept its 'buy' rating saying that growth should improve in the coming quarters and the company is the best
Read moreLondon open: M&S, Burberry lead FTSE 100 lower as US shutdown persists
7th Oct 2013 08:29
An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreLondon close: Stocks finish flat as markets digest US shutdown, data
1st Oct 2013 16:25
Stocks in the UK finished broadly flat on Tuesday as investors gave a subdued reaction to the news of the first partial US government shutdown in 17 years. Indices across Europe and the States however edged higher today, with London's FTSE 100 bucking the trend given some sharp falls in the heavywe
Read moreLondon midday: Stocks slip on US budget impasse
1st Oct 2013 11:49
UK markets declined on Tuesday for the third straight day as the first partial government shutdown in Washington in 17 years prompted a reduction in risk appetite. The benchmark FTSE 100 index in London was extending losses after closing at a one-month low the day before of 6,562.22, its worst leve
Read moreLondon open: Markets flat as investors digest US shutdown
1st Oct 2013 08:31
UK markets opened broadly flat on Tuesday after the failure by US politicians to agree on a budget prompted the first partial government shutdown in Washington in 17 years. The Senate last night voted down a House of Representatives-passed bill that had called for a one-year delay in President Bara
Read moreLondon close: Stocks sink to three-week low on policy uncertainty
27th Sep 2013 16:32
A cautious start turned into a market-wide sell-off by the close of trade on Friday as nervous investors booked profits ahead of the weekend. The UK's benchmark FTSE 100 index finished 52.93 points lower at 6,512.66, its worst closing level in three weeks. The last time it closed lower was on Septe
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