London open: Stocks slip as Greek deadline looms
6th Feb 2012 08:35
UK stocks fell on Monday morning, pulling back following the strong end to last week, with Greece once again in focus as government talks enter a critical stage. After a meeting last night between the three parties of Greece's coalition government, Prime Minister Lucas Papademos announced that they
Read moreLondon pre-open: Greece continues to worry investors
6th Feb 2012 07:24
City sources predict the FTSE 100 will open down 6 points from Friday's close of 5,901, ahead of the impending deadline for talks on Greece which will decide whether the country is to default on its debts or accept a new bailout. Budget airline easyJet saw passenger numbers nudge 0.4% lower last
Read morePassenger numbers fall at easyJet
6th Feb 2012 07:13
Budget airline easyJet saw passenger numbers nudge 0.4% lower last month, but the load factory saw a slightly improvement. EasyJet flew 3,728,514 passengers in January, down slightly from the 3,743,593 it carried the same month last year. Meanwhile, the load factor - a measure airlines use to gaug
Read moreThursday broker round-up
2nd Feb 2012 09:15
AstraZeneca: Panmure Gordon maintains buy rating and 3,600p target. Imperial Tobacco: Nomura upgrades from reduce to neutral, 2,150p target unchanged. Compass Group: Panmure Gordon maintains buy rating and 675p target. Smith & Nephew: Panmure Gordon reiterates buy stance and 640p target. Unileve
Read moreWednesday broker round-up - UPDATE
1st Feb 2012 07:03
Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta
Read moreStelios attacks easyJet management yet again
30th Jan 2012 10:36
easyJet founder Sir Stelios Haji-Ioannou has opened a new front in his ongoing war with the airline, this time denouncing "fat cat bonuses" for its executives. Sir Stelios, whose family still has a 38% stake in the airline, has tabled a motion at the annual meeting next month to block a proposed pa
Read moreMonday newspaper round-up: RBS, mining companies, taxes
30th Jan 2012 07:06
The chief executive of Royal Bank of Scotland last night bowed to mounting public anger and agreed to give up a £1m bonus. Stephen Hester's move emerged last night hours after it had been announced that Labour was to trigger a Commons vote on his controversial award. Ministers welcomed the decision,
Read moreLondon close: US data, Greek talks weigh on FTSE 100
27th Jan 2012 16:26
With economic growth in the world's largest economy surprising to the downside, miners and oil stocks were sold off on Friday, dragging the Footsie near to its lowest levels of the day by the close. Meanwhile, uncertainty in regards to debt-swap talks in Greece continued to weigh on investors' minds
Read moreFTSE 250 movers: African Barrick Gold shines
27th Jan 2012 15:18
Gold miner African Barrick Gold led the risers on the second-tier index after hiking its previous resource estimate fourfold for the Tusker deposit at the Nyanzaga Project in Tanzania. Shares of Internet and catalogue home shopping specialist N. Brown were also wanted after UBS upgraded its rating
Read moreFriday broker round-up - UPDATE
27th Jan 2012 09:43
CRH: Liberum Capital downgrades to hold from buy. Misys: Espirito Santo downgrades from buy to sell, cuts target to 263p from 275p. Aquarius: Credit Suisse maintains neutral and price target at £2.1. Lonmin: Credit Suisse maintains underperform and price target at £9.8. Imperial Tobacco: Cit
Read moreFTSE 250 Movers: Petropavlovsk rises on production figures
26th Jan 2012 13:54
Rising into the top spot was Russian gold miner Petropavlovsk, after it saw production over the whole of 2011 up by almost a quarter from 2010's levels. The firm was given an extra lift by rising metals prices. Sector peer Lonmin, the South African platinum producer, was rising in line with the sec
Read moreLondon midday: Miners gain after Fed, Polymetal rises on merger rumours
26th Jan 2012 11:50
- Miners surge as Fed pledges low rates. - IIF willing to accept coupon rate of below 4%. - Ireland returns to international bond markets. The Footsie was up 1% by midday with miners leading the advance after the Federal Reserve's move to keep interest rates low last night weakened the dollar and m
Read moreBroker tips: Transport stocks, Misys, easyJet
26th Jan 2012 11:29
Nomura has downgraded its rating on the 'European Industrial Transportation' sector from bullish to neutral, saying that it expects slow growth or even no growth from stocks this year. In its summary of the sector, Nomura said: "with the outlook for volume growth finely balanced between sub-trend g
Read moreBroker snap: Panmure still a buyer of easyJet after strong Q1
26th Jan 2012 11:19
EasyJet's first quarter statement impressed the both the markets and Panmure Gordon today, with the broker maintaining its buy rating for the budget airline. Passengers carried in the three months to December 31st rose 8.1% to 12.9m, while the load factor improved 0.9 percentage points to 87.6%. T
Read moreBroker snap: Nomura cautious about transport stocks
26th Jan 2012 10:07
Nomura has downgraded its rating on the 'European Industrial Transportation' sector from bullish to neutral, saying that it expects slow growth or even no growth from stocks this year. The broker highlights the following three trends: sub-trend volume growth to continue; tough comps in the early mo
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