FTSE 100 movers: Sports Direct and Coca-Cola recover after recent weakness
24th Sep 2013 15:23
FTSE 100 newcomers Sports Direct and Coca-Cola HBC were performing well, rebounding after their recent weakness since entering the top-tier index. Banking stocks were also providing a lift, with Barclays and RBS making gains. Lloyds meanwhile was benefiting from a ratings upgrade by Investec from '
Read moreLondon midday: Market flat after German data comes in mixed
24th Sep 2013 11:30
Stocks were trading broadly flat on Tuesday morning with markets lacking direction after mixed economic data from Germany and concerns about the US economy. The German IFO business climate indicator for the month of September edged up only slightly, yet expectations for the next six months were sli
Read moreLondon open: Markets flat ahead of economic data
24th Sep 2013 08:30
Stocks opened flat on Tuesday morning as ongoing uncertainty over Federal Reserve monetary policy and concerns over the US debt ceiling continue to dominate market sentiment. Investors were also choosing a cautious approach ahead of business confidence data from Germany this morning, as well as Ame
Read moreLondon midday: Stocks lower on German elections, US debt ceiling
23rd Sep 2013 11:18
Elections in Germany, an uncertain outlook for Federal Reserve monetary policy and a debate over the US debt ceiling weighed on markets on Monday morning, as traders shrugged off upbeat data from China and the Eurozone. The HSBC/Markit flash purchasing managers' index (PMI) for China's manufacturin
Read moreMonday broker round-up UPDATE
23rd Sep 2013 09:06
African Barrick Gold: Citi takes target price from 93p to 119p, but still recommends selling. African Minerals: Citi increases target price from 320p to 330p and maintains a buy recommendation. Antofagasta: Citi shifts target price from 780p to 790p, while its sell recommendation remains unchanged
Read moreLondon close: Stocks hit by Bullard comments as post-Fed rally fades
20th Sep 2013 16:39
The exuberant post-Fed mood quickly faded on Friday with comments from one US policymaker dampening stocks before the close of trade. Risk appetite was also scaled back as caution set in ahead of the German elections at the weekend with the outcome still highly uncertain. The FTSE 100 finished 28.
Read moreFTSE 100 movers: Tate & Lyle hit by Credit Suisse rating cut
20th Sep 2013 15:02
Shares in food and sweeteners manufacturer Tate & Lyle were falling heavily on Friday after the stock's rating was cut by Credit Suisse from 'outperform' to 'neutral'. The bank said its greatest concern is a proposal in Mexico to tax soft drinks which would reduce demand the group's high-fructose
Read moreSector movers: Miners, banks fall as investors scale back risk
20th Sep 2013 13:57
The mining and banking sectors were the worst performing categories on Friday afternoon as traders scaled back risk appetite going into the weekend. With the excitement of the surprise Federal Reserve decision now over - cyclical stocks gained strongly on Thursday after the central bank held off fr
Read moreLondon midday: Stocks pause ahead of German elections
20th Sep 2013 11:36
Stocks were trading broadly flat by Friday lunchtime as markets paused for breath in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing, though upside was limited ahead of the German elections this weekend. After a weak start, the FTSE 100 was more or less unc
Read moreLondon open: Markets pull back as post-Fed rally fades
20th Sep 2013 08:17
Markets pulled back on Friday morning after a sharp rise the day before in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing. The FTSE 100 slipped slightly in early trade, falling 0.1% to 6,617, retreating after a 1% jump pushed it to 6,625.39 on Thursday. S
Read moreLondon close: Strong finish for UK markets after Fed decision
19th Sep 2013 16:46
After a strong day's trading at around 90 points above the opening bell, the FTSE eased somewhat lower in late trading to close at 6,625.39, 66.57 points (1.01 per cent) above yesterday's finish. The surge came after the Federal Reserve surprised market participants with its decision to maintain it
Read moreFTSE 100 movers: Miners track metal prices higher
19th Sep 2013 14:17
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillo, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and copp
Read moreSector movers: Miners rally as precious metals rise
19th Sep 2013 13:40
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillio, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and co
Read moreFTSE 100 movers: Smiths leads risers on special dividend payment
18th Sep 2013 15:16
Engineering firm Smiths Group was the top riser after raising its full-year dividend by four per cent and returning 118m pounds to shareholders by way of a special dividend as annual results came in slightly ahead of analysts' estimates. ARM Holdings was looking up on the back of generally positive
Read moreBroker tips: Smiths Group, Fresnillo, Debenhams
18th Sep 2013 12:10
Shares in technology firm Smiths Group were making gains on Wednesday morning as the company impressed with its annual results, with Investec providing a boost after raising its target price for the stock. Investec raised its target price for Smiths from 1,500p to 1,590p and maintained its 'buy' ra
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