London midday: Risk appetite scaled back on 'fiscal cliff' fears
21st Dec 2012 11:20
On the last full day of trading before the Christmas holiday, there was little evidence of a 'Santa Rally' on the FTSE 100 with worries about the 'fiscal cliff' Stateside providing a drag on the market. "This week will likely be remembered for the US fiscal cliff hanging over the markets and invest
Read moreLondon open: Stocks fall after Republicans cancel 'plan B' vote
21st Dec 2012 08:20
Concerns over the US 'fiscal cliff' increased overnight after House Speaker John Boehner cancelled a vote on a back-up tax-cut plan after failing to receive enough support by his own party. As expected, stock markets across Europe were registering moderate losses in early trading on Friday. Marke
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreFTSE 100 movers: Shire leads defensive stocks higher
4th Dec 2012 15:34
Shire was leading the defensive stocks after investors exercised caution as budget uncertainty in the US continues to weigh on sentiment. British Gas owner Centrica rose after partner EDF Energy announced that it has extended the life of two UK power stations by seven years. Tesco was on investo
Read moreLondon midday: Markets rise after manufacturing data
3rd Dec 2012 11:35
- Chinese and Indian PMIs improve - UK manufacturing PMI beats forecasts - Miners provide a lift in London The Footsie had held on to gains by Monday lunchtime after some decent manufacturing figures from China and India, though the mood was cautious on the back of uncertainties surrounding the US
Read moreLondon midday: Stocks rise after 'optimistic' comments on 'fiscal cliff'
29th Nov 2012 11:41
Hopes that the US can avert the impending 'fiscal cliff' were helping markets register decent gains on Thursday morning, following comments from policy-makers Stateside yesterday. US Republican Speaker of the House John Boehner said that he was "optimistic that we can continue to work together to a
Read moreFTSE 100 movers: Bunzl falls on reduced price target
28th Nov 2012 14:44
Bunzl shares took a hit after Citigroup cut its target price from 1,250p to 1,190p, and kept a neutral rating. AMEC, Johnson Matthey, National Grid and Tate & Lyle were also registering losses today after going ex-dividend. Medical technology group Smith & Nephew fell after announcing that it is
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreLondon midday: Markets rise as concerns over US budget ease
19th Nov 2012 11:35
Stocks advanced on Monday morning as optimistic comments by US lawmakers over the weekend regarding the budget lifted hopes that the government will come to an agreement to avert the impending 'fiscal cliff' by the January 1st deadline. "Today has very little in terms of economic data to be announc
Read moreLondon open: Stocks gain on optimism about 'fiscal cliff'
19th Nov 2012 08:23
Equity markets rose sharply on Monday morning as hopes about US lawmakers nearing a resolution to the 'fiscal cliff' sparked investors' appetites for riskers assets, such as mining stocks. Markus Huber, the head of German HNW trading at ETX Capital said this morning: "After Friday's heavy sell-off
Read moreFTSE 100 movers: IMI climbs on upbeat report
16th Nov 2012 15:27
Engineering giant IMI gained after saying that second-half trading has been in line with expectations so far in spite of some expected weakness in the Fluid Power division. Serco rose strongly after it delivered the anticipated pick-up in performance in the second half and said it is on track to m
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreFTSE 100 movers: Polymetal leads the risers
7th Nov 2012 15:24
Polymetal topped the risers list today as gold prices neared a two-week high on the back of the Obama re-election. The precious metal was up at $1,729 per ounce this morning, its highest level since October 23rd. Fellow miner Fresnillo was on the rise, tracking commodities prices higher as the d
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
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