Sector movers: Financial stocks lifted by Man
1st Mar 2012 15:58
A 10 percent rise in Man Group's share price pushed the financial services sector to the top the pile today after the hedge fund manager reported a more generous dividend policy and a slow-down in the net outflow of funds. The group said funds under management (FUM) at the end of February clocked i
Read moreLondon open: Stocks rise on Greek optimism
17th Feb 2012 08:24
- Footsie rises as Greek optimism boosts buying. - Resources stocks track commodities prices higher. - Record underlying earnings for Anglo American. London's blue chips recovered after yesterday's fall with the Footsie rising strongly in early trading on Friday on reports of measures by European l
Read moreLondon close: Greek optimism buoys Footsie
13th Feb 2012 16:39
- Stocks rise as Greece approves austerity package. - CBI cuts UK GDP forecasts. - Vodafone confirms potential takeover of C&W Worldwide. Stocks managed to hold on to gains on Monday as Greece moves one step closer to securing the next crucial tranche of aid. Mining and financial stocks led the ri
Read moreFriday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreBroker tips: Vodafone, Hargreaves, Tate & Lyle
9th Feb 2012 12:26
Nomura has reiterated its buy recommendation and 230p target price for telecoms giant Vodafone despite the firm's second quarter organic revenue growth coming in below expectations. Nevertheless, the group maintained its previous guidance for adjusted operating profits and free cash flow. "It may s
Read moreBroker snap: Hargreaves' first half in line, says Peel Hunt
9th Feb 2012 11:26
The interim results from investment firm Hargreaves Lansdown were bang in line with expectations, according to Peel Hunt. The broker, however, has reiterated its hold rating and 450p target price on the group, saying that the stock is trading a big premium to its peers. The group's adjusted pre-tax
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreLondon open: Stocks rise after Greek draft deal
9th Feb 2012 08:19
- Stock nudge higher after Greece drafts agreement. - BG leads oil stocks higher. - Hagreaves, Rio, Rolls-Royce, British Land, Diageo, Tate & Lyle fall after updates. It was a cautious start for the Footsie as stocks edged higher in early trading after Greece's political leaders pushed through a dr
Read moreAUM rise 5% at Hargreaves Lansdown
9th Feb 2012 07:16
Investment firm Hargreaves Lansdown enjoyed record revenue and profits in the second half of 2011 despite a sharp deterioration in investor confidence. The wealth manager said total assets under administration rose 5% to £23.4bn for the six months ended 31 December 2011 while underlying pre-tax pro
Read moreLondon close: Losses pared ahead of Greek meeting
7th Feb 2012 16:35
-Greek talks enter critical stage. -Shareholders raise questions over terms of Glencore/Xstrata merger. -Defensives in demand as investors flee from risk. Losses were trimmed by the end of trade on Tuesday with reports pointing to progress being made in Greece. Government leaders and international
Read moreLondon close: Stocks down on Greek concerns
24th Jan 2012 16:41
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - IMF cuts world GDP growth forecast. UK stocks were off their intraday lows but still finished firmly in the red on Tuesday, with global markets in negative territory as European leaders continue to argue over Greece
Read moreLondon midday: Banks drag Footsie lower
24th Jan 2012 11:44
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - Defensives in demand. The banks had dragged London's blue chip index to its lowest levels of the day by lunchtime as eyes continued to be fixed on the Eurozone. While the attention seems to be mostly on Greece, the d
Read moreTuesday broker round-up - UPDATE
24th Jan 2012 09:09
Ashmore: Royal Bank of Scotland downgrades to hold from buy. Hargreaves Lansdown: Royal Bank of Scotland downgrades to sell from hold. Weir: Goldman Sachs reiterates buy. Vedanta Resources: HSBC cuts target price to 1,320p from 2,110p; Credit Suisse keeps neutral stance and 1,400p target. Pear
Read moreLondon open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read moreFTSE 100 movers: Banks weighed down by ICB report
19th Dec 2011 14:21
The banks were among the worst performers of the day on Monday as they awaited a the government's response to proposed changes to the sector by the Independent Commission on Banking (ICB). The ICB has recommended that lenders should be forced to ring-fence their High Street lending operations from
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