London close: Tesco leads the decline as hawkish BoE spooks markets
22nd Apr 2015 17:08
A record loss from the UK's largest retailer and hawkish comments from the Bank of England combined to push stocks in London lower on Wednesday. The FTSE 100 finished the session down 0.49% at 7,028.24, pulling back after rising to a high of 7,092.34 early on. The index came close to its intraday hi
Read moreFTSE 100 movers: Rolls-Royce surges on new management, Tesco hit by worst losses in 97 years
22nd Apr 2015 13:27
Engine maker Rolls-Royce topped the risers after chief executive John Rishton announced plans to retire this summer. He will be succeeded by former ARM Holdings boss Warren East. UK timber and builders merchant Travis Perkins also gained after saying group sales were up 7.2% in the first quarter des
Read moreLondon midday: FTSE falls as Tesco erases gains and financial stocks weaken
22nd Apr 2015 12:11
Following a temporary foray into positive territory, UK stocks were firmly lower by Wednesday lunchtime as supermarket giant Tesco erased earlier gains after reporting an eye-watering £6.4bn annual loss. London's FTSE 100 was down 0.66% at 7,016.59 by midday, pulling back quickly after a brief stint
Read moreMarket overview: Boston Fed president takes prudent approach
22nd Apr 2015 09:40
1333: Market commentary has picked up on cautious remarks from the Boston Fed´s Rosengren regarding the possibility that interest rate hikes could be postponed - not the most likely scenario in his opinion. 1253: Analyst at Jefferies have lowered their view on shares of Hargreaves Lansdown to hold f
Read moreLondon open: Stocks slip after strong start, Tesco gains despite weak results
22nd Apr 2015 08:53
After a brief stint in positive territory, UK stock markets dropped on Wednesday morning as the FTSE 100 came close to a record high, despite a surprisingly positive reaction to Tesco's worse-than-expected annual results. The FTSE 100, which touched a high of 7,092.34 early on, had dropped 0.58% to
Read moreLondon close: Stocks drop 0.9% in volatile session amid Greek worries
17th Apr 2015 16:38
UK stocks dropped sharply on Friday with the FTSE 100 finishing below the 7,000 level for the first time in seven sessions, after a terminal blackout and changes in Chinese trading regulations. After a positive start, the Footsie ended 65.82 points lower (-0.93%) at 6,994.63, its lowest finish since
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreFTSE 100 movers: Miners rebound, Hargreaves Lansdown plummets
14th Apr 2015 14:01
Mining stocks rebounded from heavy losses on Monday, when a number of investment banks lowered their price targets for iron ore over the coming years. Shares in BHP Billiton, Rio Tinto, Glencore and Anglo American were all trading higher. Stock in Hargreaves Lansdown plummeted after Peter Hargreaves
Read moreHargreaves Lansdown co-founder steps down suddenly
14th Apr 2015 11:55
Shares in Hargreaves Lansdown stumbled lower after co-founder Peter Hargreaves stepped down from the company's board. The Bristol-based pensions, savings and stockbroking group said Hargreaves had resigned with immediate effect but will remain employed at the company. Hargreaves, who still owns 32%
Read moreLondon midday: Stocks inch higher but Greek uncertainty limits upside
14th Apr 2015 11:36
A rebound in the mining sector and data showing that the UK economy narrowly avoided deflation gave stock markets a small boost on Tuesday, though uncertainty in Athens was limiting upside. Reports that Greece is preparing for a debt default if it can't reach a deal with its creditors were likely ke
Read moreBroker tips: Hargreaves Lansdown, Reckitt Benckiser, Greggs
19th Mar 2015 15:32
Proposals from the government to shake-up the personal savings market are positive but the reaction they triggered in shares of Hargreaves Lansdown seems overdone, UBS said in a research note e-mailed to clients. Allowing retirees to sell their annuities for cash would be positive for UK exposed ass
Read moreUBS reiterates sell on Hargreaves Lansdown
19th Mar 2015 15:23
Proposals from the government to shake-up the personal savings market are positive but the reaction triggered in shares of Hargreaves Lansdown (HL) seems overdone, UBS said in a research note e-mailed to clients. Allowing retirees to sell their annuities for cash would be positive for UK exposed ass
Read moreFTSE 100 movers: Next slumps on weak outlook, tobacco stocks lower
19th Mar 2015 13:44
Shares in Next slumped as the fashion retailer took a cautious view of the outlook for the 2015-2016 financial year, saying some of its collections are "not as strong as they were at this point last year". Tobacco stocks such as British American Tobacco and Imperial Tobacco Group were among the wors
Read moreLondon close: FTSE jumps 1.6% after business-friendly Budget, Fed meeting ahead
18th Mar 2015 16:41
Those expecting little market reaction to the Budget on Wednesday were probably left surprised, with stocks in the energy, financial, housing and consumer staples sectors leading the surge in London following George Osborne's statement. Dovish comments from Bank of England policymakers were also buo
Read moreFTSE 100 movers: Astrazeneca soars on new diabetes research, RBS higher on upgrade
12th Mar 2015 14:00
AstraZeneca topped the risers as it committed $40m to backing phase 2a trials for a new diabetes drug - a form of long-acting insulin that only needs to be administered once week. Glaxosmithkline was boosted by news it plans to sell approximately half of its 12.4% stake in Aspen Pharmacare Holdings.
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