London close: Stocks sold off on concerns over QE taper, Egypt
15th Aug 2013 16:34
Markets largely shrugged off a strong set of UK retail sales figures today, instead choosing to focus on economic data from the States which continues to throw more weight behind the argument to taper quantitative easing. The ongoing violence in Egypt also continues to be a worry for markets after
Read moreFTSE 100 movers: Imperial Tobacco, ENRC, BT Group
15th Aug 2013 14:03
Imperial Tobacco Group led the FTSE higher as it said it was sticking to its full-year expectations despite a fall in volumes and sales amid difficult market conditions in Europe. Eurasian Natural Resources Corp. gained as speculation escalated over a takeover bid by its founders and Kazakhstan. B
Read moreLondon close: Footsie gains on upbeat data, Fresnillo jumps
13th Aug 2013 16:57
Upbeat data from home and abroad gave the FTSE 100 a lift on Tuesday, with precious metals group Fresnillo leading the heavyweight mining sector higher in London. Markets briefly dipped into negative territory in afternoon trade after US retail sales came in slightly below expectations, though a la
Read moreFTSE 100 movers: Prudential lifts H1 profits
12th Aug 2013 15:00
Higher income from the US and growth in Asia boosted first half operating profits at insurer Prudential by 22 per cent to 1.415bn pounds. The shares surged to the highest level since at least 1988 as the group raised its interim dividend 16 per cent to 9.73p per share. Silver miner Fresnillo and Ra
Read moreFTSE 100 movers: Old Mutual, Standard Chartered, RBS
7th Aug 2013 13:23
Old Mutual was at the top of the leaderboard after reporting a rise in half-year profits on the back of a rise in funds under management (FuM) and client cash flows. Standard Chartered advanced as Investec analysts recommended a 'buy' rating for the stock, citing the UK's "strong second quarter" re
Read moreeasyJet posts modest climb in July passenger numbers
6th Aug 2013 07:46
Airline easyJet has reported passenger statistics for July, revealing a two per cent year-on-year rise in numbers for the four-week period. As such, the number of passengers rose from 5.86m to 5.98m, although the load factor actually declined 0.9 percentage points. On a 12-month rolling basis, p
Read moreLondon midday: Investors take some money off the table
26th Jul 2013 12:01
The Footsie has dipped slightly into the red ahead of the 'opening bell' on Wall Street with a similar pattern to yesterday´s emerging, with equities in core European countries such as the UK and Germany on the back foot while periphery equities tend to outperform. Thus, this morning´s initial g
Read moreThursday tips round-up: easyJet, Facebook, Close Brothers
25th Jul 2013 06:41
easyJet issued a bullish statement on Wednesday with a guidance a 50 per cent hike in profits for the year to September. It came after analysts at HSBC downgraded its forecast arguing that the heatwave would mean people were less likely to book holiday flights. The Times Tempus column, however, beli
Read moreLondon close: Markets shrug off German downgrade rumours to finish higher
24th Jul 2013 16:56
Unconfirmed rumours of a downgrade to Germany's sovereign debt rating rattled markets on Wednesday afternoon, but stocks recovered to register moderate gains by the close of trade. The FTSE 100 finished the session up 23 points at 6,620. Senior Market Analyst Michael Hewson from CMC Markets said:
Read moreFTSE 100 movers: easyJet, ARM, Glencore
24th Jul 2013 13:30
easyJet's shares soared after reporting a 10.5 per cent rise in third quarter revenue, boosted by an increase in capacity and growth in revenue per seat. ARM Holdings advanced after announcing a 26% increase in revenue in the second quarter. Glencore Xstrata edged higher as optimism on measures to
Read moreLondon midday: Markets boosted by earnings, Eurozone PMIs
24th Jul 2013 11:23
Upbeat corporate earnings from a number of heavyweights and improving data in the Eurozone gave UK markets a boost on Wednesday morning, as traders shrugged off concerns about manufacturing activity in China. easyJet, ARM Holdings, Tate & Lyle, Kingfisher and Compass were all trading firmly higher
Read moreBroker tips: easyJet, ARM, JD Wetherspoon
24th Jul 2013 11:10
Jefferies has kept its 'hold' rating for easyJet but said it expects analysts to raise profit forecasts for the budget airline this year after a decent third quarter. "Today's 3Q interim management statement confirms another solid summer in progress which we expect to drive consensus full-year prof
Read moreBroker snap: Jefferies expects consensus upgrades at easyJet
24th Jul 2013 10:03
Jefferies has kept its 'hold' rating for easyJet but said it expects analysts to raise profit forecasts for the budget airline this year after a decent third quarter. "Today's 3Q interim management statement confirms another solid summer in progress which we expect to drive consensus full-year prof
Read moreLondon open: Markets rise as earnings impress
24th Jul 2013 08:53
Well-received updates and results from easyJet, ARM Holdings, Tate & Lyle, Compass and Kingfisher pushed the FTSE 100 firmly into positive territory on Wednesday morning, as markets shrugged off disappointing economic data from China. HSBC's flash China manufacturing purchasing managers' index (PMI
Read moreLondon pre-open: Flat start expected after China manufacturing data
24th Jul 2013 07:42
Markets are expected to open broadly flat on Wednesday with the mood likely to be cautious after an unexpected fall in Chinese manufacturing activity. City sources predict the FTSE 100 will open unchanged from yesterday's close of 6,611. Sentiment over China had been lifted yesterday after the co
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