London close: Footsie´s bounce extended for a second day
26th Jun 2013 16:29
Stocks closed higher for a second day as China moved to provide liquidity assistance to its battered interbank lending maket and a member of the US Federal Reserve - Narayana Kocherlakota - described markets´ reaction to the central bank´s last policy stamtement as overdone. Back in the UK all eye
Read moreSector movers: Miners tumble as metals prices slide
26th Jun 2013 14:50
Mining stocks were suffering steep losses on Wednesday as metal prices tumbled across the board owing to a stronger dollar and the increased likelihood that the Federal Reserve will soon 'taper' stimulus if economic data continues to improve. Stronger-than-expected US data released on Tuesday - in
Read moreFTSE 100 movers: Financials rise, offset weakness amongst miners
26th Jun 2013 14:18
Gains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreBroker tips: ARM, Prudential, Fresnillo
25th Jun 2013 11:55
Shares in chip designer ARM Holdings were making gains on Tuesday morning after Investec upgraded the stock from 'hold' to 'buy' and lifted its target price from 955p to 1,000p, saying that the investment case is still strong despite the recent sell-off. "Negative sentiment, but strong fundamentals
Read moreLondon midday: Stocks rise as policymakers speak out
25th Jun 2013 11:21
The FTSE 100 rebounded strongly on Tuesday morning after falling to a fresh five-month low the day before, as policymakers from China and the US spoke out to downplay fears that have sparked market volatility over recent weeks. Renewed concerns over a slowdown in China and ongoing worries about a s
Read moreBroker snap: Fresnillo upgraded after falling to target price, says Citi
25th Jun 2013 09:30
Hefty falls in the share price of precious metals miner Fresnillo since the start of the year triggered a ratings upgrade by Citigroup from 'sell' to 'neutral' on Tuesday morning. As of Monday's closing price of 887.5p, the stock had fallen by around 52% since the start of 2013, which Citi believes
Read moreLondon open: Stocks rebound ahead of key US data
25th Jun 2013 08:31
UK markets opened with decent gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across global equ
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreLondon close: Markets struggle to regain poise after Fed meeting
21st Jun 2013 17:49
Stocks retreated once again on Friday, following another session of convulsions in global capital markets. Quite poignantly, on Friday one US policy maker - the President of the Federal Reserve bank of St.Louis - criticised Ben Bernanke´s poor timing regarding the announcement of a detailed plan for
Read moreFTSE 100 movers: Bunzl, BT Group, Antofagasta
21st Jun 2013 14:29
Multinational distribution and outsourcing company Bunzl gained after analysts at JP Morgan Cazenove reiterated a 'buy' rating in a note issued to investors on Friday. BT Group advanced after appointing Gavin Patterson as its new Chief Executive Officer to replace Ian Livingstone who will step down
Read moreLondon midday: Stocks rebound but sentiment fragile after heavy sell-off
21st Jun 2013 11:31
The FTSE 100 rebounded from five-month lows on Friday morning after comments from the Federal Reserve prompted a dramatic global market sell-off the day before. London's benchmark index tumbled an eye-watering 189 points on Thursday, falling 2.98% to 6,160 as markets reacted to comments from Fed Ch
Read moreLondon close: FTSE 100 drops three per cent after Fed signals end to QE
20th Jun 2013 16:58
Equity, bond and commodity markets were a sea of red on Thursday as traders fled from risk in the aftermath of the Federal Reserve's confirmation of its stimulus 'exit strategy'. The FTSE 100 finished down an eye-watering 189 points, falling 2.98% to 6,160. The last time the index was at this level
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