FTSE 100 movers: Hargreaves Lansdown extends yesterday's gains
16th Oct 2013 15:14
Shares of Hargreaves Lansdown were leading gains on the Footsie and may have broken above technical resistance at the 1,044p mark after yesterday reporting record levels of assets under administration (AuA) in the fiscal first quarter. The financial services company reported AuA of £39.3bn in the
Read moreLondon midday: Stocks slip as optimism over US deal begins to fade
16th Oct 2013 11:45
London's FTSE 100 pulled back from a three-week high on Wednesday morning as a deal to avert a US default remained elusive with just one day to go before the government hits its borrowing limit. Matt Basi, Head of UK Sales Trading at CMC Markets, said that the proximity of the deadline was "giving
Read moreWednesday tips round-up: Burberry Group, Hargreaves Lansdown
16th Oct 2013 09:11
All management changes create uncertainty, but Angela Ahrendts' departure from the top post at Burberry Group creates more than most, what with the Finance Director having been in place for just three months and the Chief Operating officer for seven. Sir John Peace, the Chairman has been there for m
Read moreLondon close: Stocks rise as debt talks continue in Washington
15th Oct 2013 16:45
Stocks finished at a three-week high on Tuesday on hopes that politicians Stateside can come to an agreement to avert a default with just two days to go before the government hits its borrowing limit. London's FTSE 100 benchmark index finished 41.46 points higher at 6,549; the last time it has clos
Read moreFTSE 100 movers: Burberry bombs as CEO announces departure plans
15th Oct 2013 14:36
High-end luxury brand Burberry dropped today after the surprise exit of Chief Executive Officer (CEO) Angela Ahrendts and appointment of Chief Creative Officer Christopher Bailey. Ahrendts is to leave the company in mid-2014 and move to Apple to take up a newly created position. The news came as the
Read moreLondon midday: Markets jump on signs of progress on Capitol Hill
15th Oct 2013 11:33
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. The FTSE 100 in London was trading up 0.7% at around 6,560 this morning; the last time it has closed higher
Read moreLondon open: Stocks rise on hopes of US debt ceiling deal
15th Oct 2013 08:19
UK stocks jumped in early trading on Tuesday as investors showed optimism that US politicians can avert a default by agreeing to raise the debt ceiling. The FTSE 100 in London was trading up 0.6% at around 6,550 this morning; the last time it has closed higher was on September 26th when it finished
Read moreLondon pre-open: Strong start expected on FTSE as US hopes grow
15th Oct 2013 07:35
City sources predict the FTSE 100 will open around 35 points higher than yesterday's close of 6,507.65, tracking US stocks higher after they rallied to finish in positive territory on hopes that lawmakers are closing in on a deal to raise the debt ceiling and avert a default. The deal, which has ye
Read moreHargreaves Lansdown achieves record AuA in first quarter
15th Oct 2013 07:06
Hargreaves Lansdown achieved record assets under administration (AuA) in the first quarter of fiscal year 2014. The financial services company reported AuA of £39.3bn in the three months to September 30th, up 7.9% from the previous quarter's £36.4bn. The value of assets held in the group's Portfo
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 100 movers: Energy stocks hit by Labour pledge
26th Sep 2013 15:04
British Gas owner Centrica and utility group SSE were today extending losses after yesterday's proposal by Labour leader Ed Miliband to freeze energy bills if the party is voted back into power in 2015. The stock has now slipped below its 200-day moving average following three days of intense sellin
Read moreBBA Aviation CEO sells 85,000 shares
16th Sep 2013 16:28
BBA Aviation Chief Executive, Simon Pryce, on Friday traded in 85,000 shares, reducing his stake in the FTSE 100 group to 989,720. Pryce sold the shares at 321.26p each, pocketing £273,070. The transaction was made less than a week after the company said talks had ended with Dubai Aerospace Enter
Read moreLondon close: Stocks inch higher after choppy session
11th Sep 2013 16:57
Markets were rangebound on Wednesday but managed to eke out small gains by the close of trade as traders digested ongoing developments in Syria and a fall in unemployment in the UK. The FTSE 100, which swung between gains and losses for most of the day, finished just 4.44 points higher at 6,588.43
Read moreFTSE 100 movers: ARM rises on launch of latest Apple iPhones
11th Sep 2013 14:49
Leading today's risers was ARM Holdings, the chip designer, which rose strongly in the aftermath of last night's launch by customer Apple of its new iPhone models. The phones use a new 64-bit processor, which a number of analysts believe will equate to an increased royalty rate to ARM than the 32-bi
Read moreLondon midday: Markets pause after recent gains, UK unemployment falls
11th Sep 2013 11:50
Stocks were trading broadly flat on Wednesday morning with markets rangebound after hitting a four-week high the day before, as traders continued to digest recent developments in Syria after the government agreed to hand over its chemical weapons. The FTSE 100 was swinging between gains and losses
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