London midday: Stocks trim gains ahead of early finish on NYE
31st Dec 2014 11:25
UK stocks had pared gains by midday but were still trading marginally in positive territory heading into the close on a shortened New Year's Eve session. The FTSE 100 was up 0.05% at 6,551 by noon on the last trading day of the year, but looks set to finish December down 2.6% - its worst December in
Read moreFTSE 100 movers: Broker comment provides drag
17th Nov 2014 15:57
Standard Chartered dropped into the red after Canaccord Genuity reiterated its 'sell' rating and lowered its target price to 850p from 1,000p. Tesco declined after Goldman Sachs stuck with its 'sell' rating on the stock and shrunk its target price cut to 155p from 250p. Credit Suisse and JP Morgan
Read moreHammerson joint venture buys three European centres
17th Nov 2014 07:59
Shopping centre developer Hammerson and its partners in a European joint venture have bought three more properties. Hammerson said its Via Outlets venture, which also includes APG, Meyer Bergman and Value Retail, acquired the Freeport portfolio of outlets from private equity group Carlyle. The grou
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLondon pre-open: FTSE to glide higher after Chinese data, CBI report
10th Nov 2014 07:43
UK stocks are expected to kick off the week with modest gains as investors digest the latest data out from China over the weekend alongside an upbeat forecast for the British economy from CBI. City sources predict the FTSE 100 will open around 15 points higher than Friday's close of 6,567.24. Data
Read moreHammerson says UK retail strength offsets 'subdued' France
10th Nov 2014 06:41
Shopping centre owner Hammerson has said that conditions in the UK retail market have improved since the half-year stage but are still subdued in France. Successful 'Back to School' performances by retailers and strong growth in menswear, catering and jewellery pushed sales across UK shopping centre
Read moreFriday broker round-up UPDATE
26th Sep 2014 08:38
Balfour Beatty: Deutsche Bank ups target price from 245p to 270p upgrading to buy. Betfair: JP Morgan raises target price from 1050p to 1175p leaving its neutral rating unchanged. British Land: Societe Generale upgrades to buy with a target price of 780p. Dairy Crest: Investec cuts target price fr
Read moreLondon close: FTSE 100 declines as mining stocks fall on dollar advance
25th Sep 2014 17:14
teerngasLondon's top shares tumbled on Thursday as the rising dollar took its toll on mining and energy stocks. The FTSE 100 Index closed 66.56p points adrift at 6639.71 as the greenback bounced on speculation of monetary stimulus from the European Central Bank (ECB) and US interest rate hikes. Spe
Read moreLondon midday: Dollar strength weighs on commodities, Footsie
25th Sep 2014 12:36
UK stocks were holding slightly lower come midday and lagging the rest of European benchmarks as the dollar continued to strengthen, pressuring commodity prices lower across the board. The US dollar index is trading at a four-year high, just as commodities such as wheat plumb four-year lows. Three-m
Read moreLondon open: Tesco still in the news, as euro continues to slip
25th Sep 2014 09:29
UK stocks have begun the session with the slightest of gains, with investors focusing on remarks by European Central Bank President Mario Draghi, to a Lithuanian publication, to the effect that the ECB could implement additional easing measures. That comes as the euro/dollar slips below the 1.28 dol
Read moreLondon pre-open: FTSE to open marginally higher after US data, Fed speech
25th Sep 2014 07:42
UK stocks are expected to start Thursday's session with modest gains, thanks to a dovish speech from a Fed member and strong US housing data released the previous day. City sources predict the FTSE 100 will open around three points higher than Wednesday's close of 6,706.27. The anticipated rise com
Read moreHammerson launches placing to fund retail buys
25th Sep 2014 07:23
Retail property developer Hammerson is launching a share placing to help it buy a major shopping centre in the English Midlands and to start a new outlet shopping centre venture. Hammerson plans to issue about 71.3m new ordinary shares of 25p each, representing about a tenth of the company's issued
Read moreHammerson sells final office asset to JV partner
2nd Sep 2014 10:17
Property group Hammerson has completed the sale of its 50% stake in 10 Grosvenor Street in west London, its last remaining office asset. The site was sold for £54m to its joint venture partner Grosvenor Fund Management's London Office Fund. The sale price represents a net initial yield of 3.9% a
Read moreLondon close: FTSE drops on BoE minutes, ex-divis, Fed minutes
20th Aug 2014 16:59
- FTSE closes down 23.83 at 6,755.48 - BoE's MPC votes 7-2 - Focus turns to Fed minutes techMARK 2,796.77 -0.15% FTSE 100 6,755.48 -0.35% FTSE 250 15,748.92 -0.92% London's blue chips dropped into the red on Wednesday, hit by a combination of Bank of England (BoE) minutes, ex-dividends, and a degr
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