London midday: Stocks pull back ahead of rate decisions, US jobs report
3rd Apr 2013 11:49
Sharp falls in the mining sector and a number of heavyweight stocks going ex-dividend ensured that London markets were firmly in negative territory on Wednesday morning, with investors scaling back risk ahead of some key events later this week. "With three major central bank meetings taking place o
Read moreLondon open: Markets turn cautious ahead of risk events this week
3rd Apr 2013 08:41
Markets shrugged off some strong economic data from China on Wednesday morning to trade firmly in the red with traders nervous ahead of central bank meetings tomorrow and US employment data on Friday. "European markets opened cautiously today as investors opted to mirror the lack of enthusiasm show
Read moreSector movers: Savills weighs on real estate sector
26th Mar 2013 15:33
High Street estate agents Savills was providing a drag on the real estate sector on Tuesday on rumours of a stake sale. Various news sources had cited traders as saying that Credit Suisse was placing nearly eight million shares in Savills at up to 545p each, below Monday's close of 576p. Shares w
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreSector movers: British Land drags REIT sector lower after placing plans
12th Mar 2013 14:37
The real estate investment trust (REIT) category was the worst performer of Tuesday's session as a sharp fall for heavyweight property group British Land weighed on the sector. The company revealed this morning that it has disposed of Ropemaker Place in London for £472m and would be undergoing a pl
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLondon close: Strong US data prompts late rally...again
1st Mar 2013 17:13
For a third day in a row, the FTSE 100 index rallied in afternoon trade on the back of strong economic figures from America, as investors temporarily shrugged off concerns about the automatic spending cuts which kick in later today. US President Barack Obama met with congressional leaders this afte
Read moreFTSE 100 movers: Capita leads the risers
1st Mar 2013 15:45
Outsourcing group Capita continued to be a high riser having said that it has acquired debt recovery specialists iQor Holdings UK and subsidiaries (iQor UK) for an enterprise value of 42m pounds. Insurance group Old Mutual was in demand after posting an 18% increase in annual profits in 2012, drive
Read moreLondon midday: Risk appetite declines as US budget cuts loom
1st Mar 2013 12:04
After an initial stint in positive territory, UK stock markets swung sharply into the red by Friday lunchtime as concerns about budget cuts in the US take their toll on risk appetite. Sequestration is continuing to dominate headlines this morning as the deadline for across-the-board automatic budge
Read moreLondon open: Footsie edges higher despite mining weakness
1st Mar 2013 09:02
UK stocks opened broadly higher on Friday morning but a disappointing reading of Chinese manufacturing weighed on the mining sector, limiting gains for the resource-heavy FTSE 100 index. The official Chinese manufacturing purchasing managers' index (PMI) fell from 50.4 to 50.1 in February. While t
Read moreProperty developer Hammerson reports 'transformational year'
1st Mar 2013 07:38
FTSE 100-listed retail property manager and developer Hammerson has reported growth of 2.1 per cent in group like-for-like net rental income in the year ended December 31st. The company said that this demonstrated continued tenant demand for its properties and the success of asset management activi
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
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