London close: Stocks jump on improvement in global data
22nd Aug 2013 17:11
London's FTSE 100 jumped on Thursday as investors temporarily shrugged off an underwhelming set of minutes from the Federal Reserve and instead focused on improving data from across the world which brightened the global economic outlook. The FTSE 100 ended the day at 6,446.87, up 56.03 points on th
Read moreSector movers: Miners rise on improving data from China
22nd Aug 2013 14:51
Cyclical sectors were in demand on Thursday as better-than-expected data brightened the outlook for the global economy. Mining stocks were among the best performers after it was revealed that manufacturing activity in Asian powerhouse China unexpectedly returned to growth in August. The HSBC/Mark
Read moreLondon midday: Upbeat data helps stocks rebound from six-week low
22nd Aug 2013 11:41
Better-than-expected data from China and the Eurozone sparked a rebound on equity markets on Thursday morning with the FTSE 100 bouncing off a six-week low despite an underwhelming set of minutes from the Federal Reserve last night. London's benchmark index snapped a three-day losing streak today a
Read moreLondon open: Stocks rise as Chinese data offsets Fed uncertainty
22nd Aug 2013 08:38
London's FTSE 100 rebounded strongly from a six-week low on Thursday morning, snapping a three-day losing streak, after economic data showed a surprise return to growth in Chinese manufacturing activity. The HSBC/Markit flash purchasing managers' index (PMI) for the Chinese manufacturing sector imp
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreLondon close: Taper concerns hit stocks ahead of Fed minutes
21st Aug 2013 16:50
London's benchmark index dropped one per cent on Wednesday as investors trimmed positions and took cover ahead of the risk event of the week, the minutes of the Federal Open Market Committee (FOMC) meeting due out later this evening. The FTSE 100 ended 62.62 points lower on the day at 6,390.84, a f
Read moreLondon midday: Ex-div stocks drag FTSE 100 to six-week low
21st Aug 2013 11:33
Markets were sharply lower on Wednesday morning as risk appetite was scaled back ahead of this evening's release of the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was trading as low as 6,400 today in London today; the last time it closed below this level was on July 5th when
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
Read moreLondon open: FTSE 100 slips as investors await Fed minutes
21st Aug 2013 08:29
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
Read moreLondon close: Markets finish lower despite late rally
20th Aug 2013 16:39
Markets slumped to a six-week low on Tuesday as investors trimmed positions and scaled back risk appetite ahead of minutes of the latest US policy meeting due out tomorrow. The FTSE 100 dropped to an intraday low of around 6,400 early on after a series of disappointing corporate earnings, but ralli
Read moreFTSE 100 movers: Wood Group, CRH, Miners
20th Aug 2013 15:03
Wood Group was in the bottom spot after it warned problems with its Canadian business would have an impact on earnings growth. The group said it was scaling back its full-year EBITA growth guidance for its engineering division from 15% to 10-15%, reflecting some project delays and further weakenin
Read moreLondon midday: Corporate earnings weigh on stocks ahead of Fed minutes
20th Aug 2013 11:41
A number of poorly-received results from blue-chip companies and ongoing concerns about the future of US stimulus weighed heavily on markets on Tuesday morning, dragging the FTSE 100 to levels not seen in over six weeks. London's benchmark index reached an intraday low of around 6,400 early on befo
Read moreLondon open: Stocks at six-week low as earnings disappoint
20th Aug 2013 08:21
Heavy falls from Wood Group, CRH and a host of miners were weighing on the FTSE 100 in early trading on Tuesday, pushing the index to levels not seen in over six weeks. London's benchmark index sunk by around 0.8% this morning, heading towards the 6,400 mark; the last time it closed lower was on Ju
Read moreTuesday newspaper round-up: RBS, Glencore, JP Morgan
20th Aug 2013 08:13
Andy Higginson, the former finance director of Tesco, said the board of RBS would have to be "very brave" not to not to accept the bid for the so-called "Project Rainbow" branches. "This is not their [RBS's] option. They have an obligation to get rid of this business. I think it would be a very brav
Read moreLondon pre-open: Weak start expected as eyes turn to Fed minutes
20th Aug 2013 07:30
Ongoing concerns over the Federal Reserve's impending withdrawal of quantitative easing are expected to weigh on markets again on Tuesday morning. With the economic data schedule looking pretty empty for the second day in a row, all eyes are expected to focus on the Fed ahead of the minutes of its
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