London pre-open: Potential second Chinese bond default to hit FTSE
12th Mar 2014 07:45
- FTSE to open around 60 points lower - Reports of potential second bond default in China - Data out on US Crude Oil Inventories and EU Industrial Production The City is set to start the day firmly in reverse on the back of reports of another bond default in China and a negative finish in the US la
Read moreFerrexpo operations unaffected by Ukraine turmoil, 2013 profits beat forecast
12th Mar 2014 07:00
- Operations unaffected by Ukraine turmoil - EBITDA up 25 per cent, ahead of expectations - Production to grow to 12mt in 2014, from 10.8mt - Hryvnia devaluation to lower operating costs Ukraine-focused iron ore producer Ferrexpo said it is monitoring the geopolitical situation in the country very
Read moreFTSE 250 movers: Shaftesbury leads gains, African Barrick digs lower
7th Mar 2014 13:48
Shaftesbury rose strongly after it yesterday placed 25.25m shares at 620p each raising a total of 156.6m pounds. The group is using the proceeds to fund a property purchase and ongoing redevelopment schemes. esure Group was also a strong riser, driven by readacross from fellow insurer Aviva, which
Read moreSector movers: Industrial miners rise as Ukraine tensions ease
4th Mar 2014 15:32
Industrial metals and mining stocks were the best performers in London on Tuesday as geopolitical tensions in Russia and Ukraine eased, helping a return in risk appetite among investors. There were no sectors trading in the red today, a sharp contrast to Monday's session when every sector was eithe
Read moreSector movers: Ukraine crisis, China data hits industrial miners
3rd Mar 2014 15:27
Every sector on the UK stock market was either flat or registering losses on Monday as investors scaled back risk appetite amid escalating tensions between Ukraine and Russia. The crisis in Ukraine stepped up a gear over the weekend as Moscow increased its military presence in the Crimea region of
Read moreFTSE 250 movers: ITE dives on double downgrade
3rd Mar 2014 15:11
ITE Group was the day's biggest faller on the FTSE 250 after both Canaccord Genuity and Westhouse Securities cut their ratings on the stock, to 'hold' from 'buy' and to 'neutral' from 'add', respectively. Engineering specialist Keller was also lower after cautioning that most of its European marke
Read moreLondon midday: Stocks hit two-week low on Ukraine concerns
3rd Mar 2014 11:25
- FTSE 100 at lowest intraday level since February 17th - Ukraine conflict escalates - Stocks with exposure to Ukraine, Russia hit - China manufacturing weakens techMARK 2,842.73 -2.13% FTSE 100 6,683.18 -1.86% FTSE 250 16,345.25 -2.28% UK stocks sank to their lowest levels in two weeks on Monday
Read moreLondon open: Stocks drop sharply as Ukraine tensions rise
3rd Mar 2014 08:14
- Ukrainian concerns escalate - US condemns Russian military move - Financials fall sharply - Precious metal miners track gold and silver prices higher techMARK 2,867.09 -1.30% FTSE 100 6,744.93 -0.95% FTSE 250 16,488.43 -1.42% UK stocks were sold off sharply on Monday morning on the back of the
Read moreFTSE 250 movers: Electra rises after Sherborne acquires 10 per cent stake
28th Feb 2014 15:31
Shares in Electra Private Equity rose strongly after Sherborne Investors Management bought a 10 per cent stake in the trust. The investment was made through its Guernsey-registered investment vehicle. Serco Group rose after it was revealed Rupert Soames, the Chief Executive Officer of FTSE 100-lis
Read moreFTSE 250 movers: Bwin.party rises on Numis rating
18th Feb 2014 12:57
Bwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreMonday broker round-up UPDATE
10th Feb 2014 08:13
Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p. APR Energy: Jefferies lowers target price from 1260p to 1250p keeping a buy recommendation. Dialight: N+1 Singer reduces target price from 1227p to 1022p, while leaving its buy recommendation unchanged. Ferr
Read moreSector movers: Metals, financials bear brunt of the sell-off
24th Jan 2014 15:33
Every sector on the UK stock market was either flat or in the red on Friday afternoon as a global rout of equity indices spurred investors to shy away from risk. Rising concerns about a slowdown in China - figures yesterday pointed to a contraction in the manufacturing sector in January - and a sel
Read moreFTSE 250 movers: Insurance companies lead the upside
17th Jan 2014 16:05
Insurance providers esure and Direct Line led today's risers on the second tier index after data showed that the decline in average premiums across the sector eased considerably at the end of 2013. As on the FTSE 100, miners extended yesterday's gains which came after Citigroup lifted its 12-month
Read moreFTSE 250 movers: Ferrexpo hit by UBS rating cut
15th Jan 2014 15:41
Iron ore group Ferrexpo was under pressure today after being cut from 'buy' to 'neutral' by UBS "due to the elevated political risk in the Ukraine". Diploma revealed improved first-quarter revenue but fell after it cautioned that overseas progress was hurt by the strengthening pound. The technical
Read moreLondon midday: FTSE 100 closing in on 6,800 as stocks gain
15th Jan 2014 12:04
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - Credit Suisse prefers life insurers over P&Cs - World Bank raises 2014 growth forecasts techMARK 2,830.56 +0.43% FTSE 100 6,791.80 +0.37% FTSE 250 16,254.51 +0.11% Stocks rose to an eight-month high on Wednesday mornin
Read more