London close: 'Fiscal cliff' hopes lift markets
11th Dec 2012 16:56
- Fiscal cliff optimism increases ahead of FOMC - German ZEW smashes expectations - Tullow drops 8.4 per cent After a weak start, the FTSE 100 finished Tuesday's session with slight gains on the back of increasing optimism about the 'fiscal cliff', as well as a better-than-expected reading of Germa
Read moreFTSE 100 movers: Tullow drops after Ghanaian well update
11th Dec 2012 14:24
Oil giant Tullow tanked on Tuesday after revealing that its Okure-1 exploration well offshore Ghana had encountered 'low net to gross oil bearing reservoir in a secondary objective'. The markets seemed to shrug off its other announcement that it plans to buy Norwegian exploration group Spring Ener
Read moreLondon midday: Footsie at nine-month high after German ZEW data
11th Dec 2012 11:51
- German ZEW surges in December - Whitbread impresses with Q3, Tullow drops - Footsie at highest since March After a subdued start, a much better-than-expected reading of German sentiment boosted buying this morning, sending the FTSE 100 to a nine-month high by Tuesday lunchtime. The Footsie is no
Read moreLondon open: Stocks cautious ahead of German ZEW data
11th Dec 2012 08:33
The FTSE 100 index started Tuesday's session cautiously with just 12 points separating the intraday low and high in the opening hour as the focus remains fixed on Mario Monti and 'fiscal cliff' discussions in the US. However, with little significant economic data scheduled for today's session, all
Read moreLondon pre-open: Cautious start expected for the Footsie
11th Dec 2012 07:32
City sources are predicting a subdued start for the FTSE 100 at the open with markets still sensitive to political uncertainty in the Eurozone and US. The Footsie is expected to open down around five points from yesterday's close of 5,922. Markets yesterday initially started the day on the back f
Read moreDiageo terminates talks with tequila giant Jose Cuervo
11th Dec 2012 07:18
Diageo, the FTSE 100 drinks group which owns brands such as Johnnie Walker, Smirnoff and Guinness, has announced that it has called off talks to buy tequila giant Jose Cuervo after being unable to 'agree a transaction'. The London-listed beverage firm already distributes Jose Cuervo in North Americ
Read moreMonday broker round-up UPDATE
10th Dec 2012 07:10
Andor Technology: Investec moves target price from 450p to 460p, while reiterating its buy recommendation. Antofagasta: Alphavalue downgrades to reduce, while keeping the target price at 1371p. Ashtead Group: Investec target price from 250p to 475p and reiterates its buy recommendation. Atkins: J
Read moreSunday newspaper round-up: Barclays, UK AAA, China
9th Dec 2012 13:51
An international trade war is threatening to erupt over an American plan that would force Barclays and Deutsche Bank to pump more cash into their Wall Street operations. Daniel Tarullo, a governor of the Federal Reserve, wants tougher capital and liquidity rules for all foreign banks operating in Am
Read moreDiageo CEO reduces stake further
22nd Nov 2012 16:17
The Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has sold another slice of his stake in the company, reducing his holding to 729,582 shares. Paul Walsh, who was appointed to the role of CEO in 2000, traded in 20,000 shares for 1,850.00p each, worth a total of £370,000. The trans
Read moreDiageo COO and CFO trade in shares post-exercise
16th Nov 2012 16:18
The Chief Operating Officer and Chief Financial Officer of Diageo have both sold sizeable stakes in the drinks behemoth after exercising options under its Senior Executive Share Option Plan. COO Ivan Menezes exercised options over 40,813 American Depository shares and subseqently sold 39,813 (equa
Read moreDiageo Chief sells 50,000 shares
13th Nov 2012 17:04
Diageo's Chief Executive Officer, Paul Walsh, sliced a chunk off his stake in the drinks giant with the sale of 50,000 shares on Monday. The transaction follows the company's purchase of a stake in Indian spirits group United Spirits Limited (USL). Diageo said on Friday that it is to acquire a 27
Read moreLondon midday: Stocks rise but markets cautious ahead of Eurogroup
12th Nov 2012 11:36
- Greece approves 2013 budget - Japanese GDP worse than expected - Markets await Eurogroup meeting this afternoon UK stocks were continuing to trade slightly higher on Monday morning after Greece approved its 2013 budget late last night, however, gains were only modest as caution sets in ahead of
Read moreBroker tips: Lloyds, Diageo, IAG
12th Nov 2012 11:34
UBS has raised its target price for UK banking group Lloyds from 44p to 46p, saying that the bank's third-quarter results showed 'solid progress and improving momentum'. However, the broker remained cautious, saying: "We remain 'neutral' on Lloyds and the other UK domestic banks as we believe that
Read moreBroker snap: Diageo's USL deal comes at the right time, says Nomura
12th Nov 2012 09:52
Nomura has raised its target price for beverages giant Diageo from 2,000p to 2,100p and retained its 'buy' recommendation for the stock, following last week's deal to buy a stake in Indian spirits group United Spirits Limited (USL). Diageo said on Friday that it is to acquire a 27.4% stake in USL f
Read moreMonday broker round-up -UPDATE
12th Nov 2012 09:03
Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis
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