London midday: Stock fall with corporate earnings in focus
22nd Jul 2013 11:56
The FTSE 100 has started the week on a dull note, trading with moderate losses on Monday morning as traders turned nervous a busy week for corporate earnings. Markets are in for a "bumpy ride" this week with nearly a third of S&P 500 companies set to report their quarterly earnings, according to Fi
Read moreLondon open: Stocks fall ahead of busy week for earnings
22nd Jul 2013 08:23
The FTSE 100 opened slightly lower on Monday morning as investors turned cautious ahead of a busy week for corporate earnings across the globe. Markets are in for a "bumpy ride" this week with nearly a third of S&P 500 companies set to report their quarterly earnings, according to Financial Sales T
Read moreMonday newspaper round-up: RBS, online tax, GSK
22nd Jul 2013 06:57
Royal Bank of Scotland plans to increase its market share by half over the next year in an effort to be a key player in the UK mortgage market, The Guardian reported. The government-backed lender is now granting more than one in 10 new loans. Internet retailers including Ocado, Shop Direct and Bode
Read moreWednesday newspaper round-up: Barclays, BoE, UK water
17th Jul 2013 06:43
Barclays has been hit with a record $470m penalty from US Federal Energy Regulatory Commission for manipulating power prices, the Financial Times revealed. The Bank of England's Executive Director for markets, Paul Fisher has told MPs that a quantitative easing programme may have been manipulated
Read moreQualye Munro director buys 3.3 per cent stake ahead of de-listing
16th Jul 2013 16:14
Glen Lewy, a Non-Executive Director of corporate financial advisory firm Qualye Munro bought a big stake in the company ahead of its proposed de-listing from AIM. Qualye Munro, which first debuted on the London Stock Exchange in 1993, set out proposals last week to cancel the trading of its shares
Read moreTuesday newspaper round-up: GSK, European Banking Authority
16th Jul 2013 06:46
Chinese police have claimed GlaxoSmithKline behaved like a criminal "godfather" in China, offering bribes and accepting "sexual favours" in return for business, The Telegraph unveiled. The European Banking Authority said Britain is home to three times as many millionaire bankers as every other Eur
Read moreBroker tips: Tesco, Kingfisher, AG Barr
15th Jul 2013 11:44
The pricing gap between Tesco and rival supermarket Asda was the highest in two years in June, according to Morgan Stanley. The latest results of the broker's AlphaWise UK Food Retail Price Tracker show that its sample basket was 5.2% less expensive at Asda than at Tesco last month. Morgan Stanley
Read moreBroker snap: GSK brands are good opportunity for AG Barr, says Panmure
15th Jul 2013 09:30
Panmure Gordon has kept its 'hold' rating for AG Barr but said that a deal to buy GlaxoSmithKline's (GSK) soft drinks brands could be the catalyst needed for it to turn more positive. According to The Sunday Times, AG Barr could be teaming up with Private Equity (PE) to buy GSK's brands Lucozade an
Read moreSunday newspaper round-up: ITEM Club, Morrison, Invensys
14th Jul 2013 14:11
When it issues its summer report, tomorrow, top economic forecaster ITEM Club will argue the economic recovery is real and solid and forecast that exports could jump by almost 5 per cent in 2014. The Club, which is independent, but bases its forecasts on the Treasury's own economic model, will predi
Read moreChina accuses GlaxoSmithKline of bribing officials to raise prices
11th Jul 2013 09:12
China has accused GlaxoSmithKline (GSK) of bribing government officials and doctors to raise drug prices and boost sales. The Ministry of Public Security on Thursday said an investigation in three of China's biggest cities - Changsha, Shanghai and Zhengzhou - revealed GSK had tried bribe governmen
Read moreSunday newspaper round-up: Barclays, Glaxo, Egypt
30th Jun 2013 21:49
The Bank of England is heading for a showdown with Barclays this week over threats from the high street giant to rein in its lending. Antony Jenkins, Chief Executive of Barclays, warned on Friday that if the Bank presses ahead with a new capital rule it could be forced to "restrict" loans to househo
Read moreGSK receives offer for thrombosis brands
18th Jun 2013 12:16
FTSE 100-listed global pharmaceuticals company GlaxoSmithKline(GSK) has received an offer for its thrombosis brands and Notre-Dame de Bondeville (NDB) site from Aspen Global Incorporated and Aspen Pharmacare. The group said that a period of exclusivity had been agreed with Aspen and GSK would resp
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreFriday broker round-up UPDATE
31st May 2013 07:30
AstraZeneca: Citi increases target price from 3000p to 3500p, while leaving its neutral rating unchanged. Burberry: Morgan Stanley ups target price from 1300p to 1400p and leaves its equal-weight rating unchanged. Genel Energy: Credit Suisse shifts target price from 1236p to 1246p keeping an outpe
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