FTSE 100 movers: RBS leads banks higher after Fitch report
14th Aug 2013 14:54
Royal Bank of Scotland Group topped the risers on the FTSE 100 on Wednesday after ratings agency Fitch said that a break-up of the state-backed UK lender into a 'good' and 'bad' bank is increasing unlikely as the costs would outweigh the benefits. Part-nationalised counterpart Lloyds was also making
Read moreLondon midday: Stocks flat despite decent data from UK, Eurozone
14th Aug 2013 11:18
The FTSE 100 was continuing to trade more or less flat on Wednesday morning despite economic data from the UK and Eurozone coming in ahead of expectations. "The equity market continues to trade within its recent range this morning as volumes bounce along the bottom and traders struggle for motivati
Read moreBroker tips: IAG, GlaxoSmithKline, Shell
14th Aug 2013 10:37
Shares in British Airways owner International Consolidated Airlines Group (otherwise known as IAG) were trading higher on Wednesday morning after some comments from Nomura and Deutsche Bank who both reiterated their 'buy' ratings for the stock. Nomura raised its target price for the stock from 283p
Read moreBroker snap: JPMorgan upgrades Glaxo on upcoming catalysts
14th Aug 2013 10:30
JPMorgan Cazenove has upgraded its rating for pharmaceuticals giant GlaxoSmithKline (GSK) from 'underweight' to 'neutral', saying that the upside from upcoming catalysts now balances out earnings risk. The US bank said: "Whilst we believe consensus [company-collated] expectations for 2014 core EPS
Read moreLondon open: Subdued start as markets await influx of data
14th Aug 2013 08:23
Markets opened broadly flat on Wednesday as traders showed caution ahead of a barrage of economic reports, including the minutes of the latest Bank of England policy meeting. As well as the minutes, investors will look out for gross domestic product (GDP) figures from the Eurozone, unemployment da
Read moreWednesday broker round-up UPDATE
14th Aug 2013 07:53
Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo
Read moreLondon midday: Stocks cement gains after German ZEW data
13th Aug 2013 11:21
Decent gains in the mining sector and well-received results from FTSE 100 insurer Resolution were providing markets with a boost on Tuesday morning with the upbeat mood helped by decent data from Germany. The German ZEW survey showed that the economic sentiment index jumped from 36.3 to 42 in Augus
Read moreLondon open: Resolution leads markets higher ahead of economic data
13th Aug 2013 08:44
Markets gained strongly on Tuesday morning with insurance firm Resolution providing a lift ahead of a flurry of economic data due out later on, as stocks rebounded strongly following a relatively quiet session the day before. On the schedule for today is consumer sentiment figures in Germany, UK in
Read moreLondon pre-open: Stocks to rise ahead of barrage of data
13th Aug 2013 07:28
Following a relatively quiet session on Monday, the FTSE 100 is expected to open slightly higher on Tuesday as markets gear up for a busy day full of economic data from across the globe. On the schedule for today is inflation and consumer sentiment figures in Germany, UK inflation and the retail pr
Read moreGSK subsidiary wins FDA approval for new HIV treatment
13th Aug 2013 07:05
ViiV Healthcare, of which pharmaceutical giant GlaxoSmithKline is a large shareholder, has announced that the US Food and Drug Administration (FDA) has approved its new HIV treatment. The product, known as Tivicay, is used in combination with other anti-retroviral agents for the treatment of HIV-1
Read moreThursday newspaper round-up: Npower, Gold prices, GSK
8th Aug 2013 06:46
Npower Chief, Paul Massara, has lashed out at British Gas' plans to offer free power on Saturdays, calling it a "gimmick" as he increased the standing charge for 2.0m of his own electricity customers, The Telegraph reported. Gold mining companies are working to cut costs and are preparing for a cr
Read moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
Read moreLondon midday: Markets underwhelmed by Carney's dovish guidance
7th Aug 2013 11:38
The FTSE 100 had sunk sharply by Wednesday lunchtime as markets reacted negatively to the Bank of England's (BoE) new forward guidance and improved growth forecasts. All eyes were on new BoE Governor Mark Carney today as he unveiled the central bank's quarterly Inflation Report in which he was wide
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreLondon close: Markets choppy on tapering concerns
6th Aug 2013 17:02
It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. The FTSE 100 finished down 15 points at 6,604, though closed well off its intraday low after a late rally.
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