Wednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreLondon open: Chinese demand hopes drive markets higher early on
10th Apr 2013 08:20
Stocks started Wednesday's session with decent gains, tracking Asian markets higher after on the back of optimism regarding central-bank stimulus. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a strong rebound in imports. Export growth, however, was wea
Read moreTuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreLondon midday: Stocks gains ahead of US earnings season
8th Apr 2013 11:46
UK stocks were making gains on Monday morning, rebounding after a steep sell-off on Friday, as investors showed optimism ahead of the new US earnings season which kicks off later this evening. Stock futures on Wall Street are pointing to a positive start when the opening bell rings in a few hours'
Read moreLondon open: Markets rebound after US jobs-related sell-off
8th Apr 2013 08:27
Despite renewed political uncertainty in the Eurozone this weekend, stocks in London started Monday's session broadly higher, rebounding after a heavy sell-off on Friday following a disappointing US employment report. American non-farm payrolls increased by just 88,000 in March, the lowest rise in
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreLondon midday: Stocks tank as eyes turn to US jobs data
5th Apr 2013 11:28
Stocks across Europe were under heavy selling pressure on Friday morning as traders refrained from building positions ahead of the all-important employment report due out Stateside this afternoon. "We're seeing a lot of caution in the markets on Friday, ahead of what is expected to be a disappointi
Read moreTravel-sector stocks fall on China bird flu outbreak
5th Apr 2013 08:50
Travel-sector stocks fell in early Friday trading as fears were raised that a bird flu outbreak in China would stifle air travel demand. Shares in Chinese airlines declined the most in nearly four years following news six people died of the H7N9 bird flu virus. The deaths accounted for more than
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreLondon open: Markets nervous ahead of US jobs data
5th Apr 2013 08:27
Markets declined on Friday morning, despite relative strength in the mining sector, as traders refrained from building positions ahead of the key risk event of the day - the US employment report. The market reaction to the non-farm payrolls figure will be interesting to see, given the somewhat disa
Read moreLondon pre-open: Markets await US employment data
5th Apr 2013 07:35
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,344, as investors await employment data from the US. The closely-watched US employment report for March will be released today, and consensus estimates are for a 199,000 increase in non-farm payrolls in March,
Read moreeasyJet delivers half year results in line with expectations - UPDATE
5th Apr 2013 07:12
Airline easyJet has posted revenue per seat growth (at constant currency) of around 8.5 per cent for the half year ended March 31st, driven in part by stronger-than-anticipated late bookings in the run up to Easter. The figure was approximately 1.5 percentage points higher due to the timing of Eas
Read moreLondon close: Markets surge as M&A activity lifts sentiment
2nd Apr 2013 16:40
UK stocks surged on Tuesday, starting the week strongly after the four-day Easter weekend, as increased M&A activity and a strong reading of US factory orders lifted sentiment. Telecoms giant Vodafone was among the risers on London's benchmark index on the back of speculation that it could be the t
Read moreFTSE 100 movers: Vodafone leads the way higher
2nd Apr 2013 15:20
Vodafone's shares surged following reports that Verizon and AT&T were working on a break-up bid for the British firm. The two US telecoms groups are said to be considering a deal that would see them pay a 40% premium to Vodafone's share price at Monday's close, sources told FT Alphaville. It would
Read moreTuesday newspaper round-up: Citigroup, RBS, easyJet...
19th Mar 2013 06:51
US banking giant Citigroup is to pay 730m dollars to settle claims about allegedly misleading investors over its exposure to subprime mortgages between 2006 and 2008, reports the Financial Times. The paper says that this is the second-biggest class action payout in relation to the financial crisis.
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