London close: Footsie drops to technical support, all eyes on Putin
6th Aug 2014 17:31
- Russian troops amass along Ukraine border - UK, Italian and German data disappoints - Ex-dividend stocks fall - StanChart falls after results, Shire drops techMARK 2,714.92 -0.98% FTSE 100 6,636.16 -0.69% FTSE 250 15,262.72 -0.58% Fears about a possible Russian invasion of Ukraine set off anothe
Read moreFTSE 100 movers: Pharma stocks drop as regulation looks to derail M&A
6th Aug 2014 14:26
Shire, the pharmaceutical group which has agreed to a £32bn takeover by Abbvie, saw its shares decline sharply on Wednesday on concerns that stricter rules on so-called 'tax inversion' in the States could scupper the deal. Sector peer Astrazeneca, which had recently been the target of a failed £69b
Read moreBroker tips: Standard Chartered, Fresnillo, Meggitt, Serco
6th Aug 2014 12:57
Investec says Standard Chartered coped well with a difficult first half of the year and is "still probably the best bank in the world". The broker acknowledges that 2014 "may not be a stellar year", but it expects a kick-start for revenue-led growth in the second half of the year and beyond. It ke
Read moreLondon midday: FTSE 100 near 6,600 as Ukraine crisis sinks stocks
6th Aug 2014 12:09
- Russian troops amass along Ukraine border - UK, Italian and German data disappoints - Ex-dividend stocks fall - StanChart falls after results, Shire drops FTSE 100 6,604.48 -1.17% FTSE 250 15,162.03 -1.24% techMARK 2,708.06 -1.23% Fears about a possible Russian invasion of Ukraine sparked a sell
Read moreFresnillo past "rough patch", Credit Suisse upgrades
6th Aug 2014 11:41
Credit Suisse has upgraded Fresnillo from 'underperform' to 'neutral', saying the precious metals miner should recover after a "rough patch". Profits at Mexico-focused Fresnillo dropped in the first half of 2014 as a result of "significantly lower" commodity prices and a sharp decline in gold produ
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreLondon midday: UK stocks bounce despite mixed earnings
5th Aug 2014 11:57
- Aggreko, Standard Life, Old Mutual rise after results - Meggitt, IHG and Fresnillo disappoint - UK services PMI, Eurozone retail sales beat forecasts - Chinese services PMI drops to key 50-point mark techMARK 2,734.64 -0.25% FTSE 100 6,702.33 +0.37% FTSE 250 15,370.24 +0.05% UK stocks advanced o
Read moreLondon open: Stocks snap four-day losing streak despite weak Chinese data
5th Aug 2014 09:07
- Aggreko, Standard Life and Old Mutual impress with results - Meggitt, IHG and Fresnillo disappoint - Chinese services sector stagnates techMARK 2,742.52 +0.04% FTSE 100 6,708.32 +0.46% FTSE 250 15,415.40 +0.34% Strong gains from Aggreko, Standard Life and Old Mutual helped the FTSE 100 higher on
Read moreFalling prices, gold output hit H1 profits at Fresnillo
5th Aug 2014 09:03
- EBITDA down 33.3% year-on-year as metals prices fall - Silver production up 1.7%, gold output down 18.9% - Full-year production guidance maintained Profits at Mexico-focused precious metals miner Fresnillo dropped in the first half of 2014 as a result of "significantly lower" commodity prices and
Read moreLondon open: GKN leads UK stocks higher, but upside limited
29th Jul 2014 09:09
- GKN, Next and Mondi impress with updates/results - St James's Place drops despite strong first half - West-Russia tensions rise as sanctions eyed - US data, Gaza in focus techMARK 2,780.14 +0.15% FTSE 100 6,806.28 +0.27% FTSE 250 15,662.90 +0.30% Strong gains from GKN, Next and Mondi helped UK m
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreLondon close: FTSE in red as housing data, Russia weigh
21st Jul 2014 16:59
- FTSE closes down 21 at 6,728.44 - Ukraine, Gaza driving losses - Housing sector weighs after data techMARK 2,801.01 -0.10% FTSE 100 6,728.44 -0.31% FTSE 250 15,486.10 -0.45% Global tensions and disappointing housing data weighed on sentiment in today's session, with the footsie falling early on
Read moreFTSE 100 movers: Miners show resilience amid global tensions
21st Jul 2014 15:55
Miners Fresnillo and Antofagasta were showing resilience despite the mounting tensions seen in both Russia and Gaza over the past few days. Retail giant Tesco was up despite this morning unveiling a profit warning after a "challenging" second quarter. Shares gained after investors welcomed the res
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreLondon midday: Chinese and UK data give FTSE 100 a boost
16th Jul 2014 11:58
- Chinese GDP growth picks up to 7.5% - UK unemployment at lowest since 2008 - Meggitt jumps on M&A hopes - Rio Tinto leads miners higher techMARK 2,808.69 +1.03% FTSE 100 6,771.71 +0.91% FTSE 250 15,592.03 +0.98% Stocks in London jumped on Wednesday morning as a surprise pick-up in Chinese growth
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