FTSE 100 movers: Banks and miners weigh footsie down
30th Jan 2012 13:18
The banks were in the red as the euro crisis drags on, with Lloyds, Standard Chartered and Royal Bank of Scotland (RBS) among the worst performers. Lloyds is rumoured to be shaking up its management structure, according to the Financial Times. Sources quoted by Reuters indicate that an announcement
Read moreJames Murdoch steps down from Glaxo board
27th Jan 2012 14:19
James Murdoch is to step down from the board of pharmaceutical giant GlaxoSmithKline, the company announced today. Murdoch, who has recently been the focus of much controversy following the phone-hacking scandal surrounding News International's now-dissolved publication News of the World, joined th
Read moreLondon close: Footsie up 0.7% as banks and IAG surge
19th Jan 2012 17:05
-Euro optimism drives gains. -Barclays, Lloyds, RBS leads the risers. -Essar falls 11.9%, still volatile after Indian tax ruling. A combination of better-than-expected earnings figures and economic data from the US, talks of progress between the Greek government and private creditors, and strong de
Read moreFDA wants more data from AstraZeneca on diabetes drug
19th Jan 2012 07:27
AstraZeneca says the US Food and Drug Administration (FDA) wants more clinical data on its dapagliflozin treatment for type 2 diabetes in adults. Astra is developing the therapy with US firm Bristol-Myers Squibb and says it has already conducted 19 clinical trials with 8000 adults. The FDA, howeve
Read moreSector movers: Miners rise on China data
10th Jan 2012 17:07
Miners were posting impressive gains on Tuesday after China posted a better-than-expected trade surplus. According to analyst Colin Cieszynski from CMC Markets, "This was due to much lower than expected imports suggesting that the Chinese economy remains sluggish and increasing speculation that mo
Read moreFTSE 100 Movers: Miners lead index higher
10th Jan 2012 14:46
Miners were leading the rise on Tuesday, with Vedanta Resources, Kazakhmys and Antofagasta gaining ground after some positive economic data from China boosted sentiment. China's trade balance widened from $145.3bn to $165.2bn in December and while import growth on the whole had slowed, imports for c
Read moreLondon midday: Resource stocks lift Footsie, Gulf Keystone jumps
10th Jan 2012 12:00
Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders. A big mover was Gulf Keystone,
Read moreLondon close: Footsie drops after Merkozy meeting
9th Jan 2012 16:59
The FTSE 100 finished close to its lowest levels of the day with resource, pharmaceuticals and banking stocks providing a drag in the afternoon session. German Chancellor Angela Merkel and French President Nicolas Sarkozy gave a press conference earlier today in which they outlined details of their
Read moreFTSE 100 Movers: InterContinental rises after upgrade
9th Jan 2012 15:27
InterContinental Hotels was rising after Deutsche Bank upgraded its rating from hold to buy. Investec has kept its positive stance on the temporary power rental market and says that the investment case remains "compelling", with the temporary power and temperature control provider Aggreko getting a
Read moreLondon midday: Eyes on Merkozy meeting as Footsie falls
9th Jan 2012 11:43
London's blue chip index was trading slightly lower by midday, following a moderate rise early on, with all eyes on the meeting between Angela Merkel and Nicolas Sarkozy. The German Chancellor and French Prime Minister are to hold a press conference in the next hour in which they are expected to d
Read moreLondon open: Footsie up early on, pharmas fall
9th Jan 2012 08:18
London's FTSE 100 opened slightly higher on Monday morning helped by banking titans Royal Bank of Scotland and HSBC. Oil stocks Essar Energy, Tullow Oil and Royal Dutch Shell were tracking oil prices higher. Today's big event will be the meeting of German Chancellor Angela Merkel and French Preside
Read moreLondon pre-open: Slightly lower start for FTSE
9th Jan 2012 07:13
London is set to open little changed, with optimism held in check by a statement from James Bullard, President of the Federal Reserve bank of St. Louis, which appears to put the kibosh on a new round of bond purchases by the US Federal Reserve in the immediate future. City sources predict the FTSE
Read moreQuestion marks remain over Glaxo drug Relovair
9th Jan 2012 07:13
Anglo-American drugs giant GlaxoSmithKline has seen its share price fall this morning despite announcing its once-a-day respiratory drug Relovair is soon to be submitted for regulatory approval. Glaxo, and US counterpart Theravance, said the phase III registration programme for Relovair to treat pa
Read moreBroker tips: CRH, Shire, British Land
5th Jan 2012 17:57
Analysts at Credit Suisse have this morning downgraded their view on European building material companies to 'market-weight' from 'overweight.' Their opinion is that fundamentals and valuations are unattractive as we enter 2012. For that reason they have taken the following actions: downgraded Hei
Read moreBroker snap: Positive comments from Credit Suisse on Shire and GSK
5th Jan 2012 13:47
In a research note on the UK healthcare sector published this morning analysts at Credit Suisse set out their views on the different names under their coverage. They thus indicate that they continue to prefer the superior growth at Shire and the combination of "stability and efficient balance sheet
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