FTSE 250 movers: De La Rue plunges on profit warning and downgrade
23rd Oct 2013 14:43
Banknote printer and ID services group De La Rue plunged after issuing a profit warning on Wednesday, saying that it would miss its full-year operating guidance by 10m pounds as a result of 'challenging trading conditions'.Investec added to further selling pressure today after downgrading its rating
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon open: Stocks snap nine-day winning streak
23rd Oct 2013 08:14
Equities pulled back from a five-month high on Wednesday with ex-dividend names weighing on markets in London as traders took a breather following a recent strong run. The FTSE 100 snapped a nine-day winning streak this morning to trade around 0.5% lower than Tuesday's finish of 6,695.66, the index
Read moreLondon pre-open: FTSE to ease back in morning trading
23rd Oct 2013 07:30
- Losses expected on FTSE 100 in early trade - BoE to release minutes of its last meeting - Meggitt wins braking systems contract City sources predict the FTSE 100 will open around 26 points lower than yesterday's close of 6,696 - its highest closing level since May 28th - following a worse-than-ex
Read moreHome Retail's profits rise on sales growth at Argos and Homebase
23rd Oct 2013 07:18
Home Retail Group's pre-tax profit in the first half rose 53 per cent to 27.4m pounds, driven by sales growth at its Argos and Homebase subsidiaries. In the six months to August 31st, sales climbed 3% to £2.5bn including a 2.3% increase in like-for-like sales at catalogue merchant Argos and a 5.9%
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreLondon close: FTSE 100 at three-month low as IMF cuts global outlook
8th Oct 2013 16:39
Disappointing economic data and the ongoing US government shutdown sparked a sell-off on London's FTSE 100 on Tuesday, with the index falling to levels not seen in over three months. Meanwhile, as the budget impasse continues in Washington, the International Monetary Fund (IMF) today cut its outloo
Read moreFTSE 250 movers: Telecom Plus surges after strong first half
8th Oct 2013 15:54
The share price of Telecom Plus surged on Tuesday afternoon after the utility services company reported that growth accelerated strongly in the first half. The firm said that customer numbers jumped by 50 per cent in the six months to September 30th, as it guided to a record full-year performance. F
Read moreSector movers: Retailers hit by slowing sales growth
8th Oct 2013 14:26
Retail stocks were off shopping lists again on Tuesday as some disappointing economic data prompted concerns about consumer demand. UK retail sales growth slowed for the second straight month in September, the British Retail Consortium (BRC) has revealed. Like-for-like sales growth fell to an ann
Read moreTuesday broker round-up UPDATE
8th Oct 2013 11:39
Aviva: Alphavalue shifts target price from 366.70p to 366.20p downgrading from reduce to sell. Barclays: Credit Suisse reinitiates with a target price of 280p and a neutral recommendation. BHP Billiton: Alphavalue reduces target price from 1972.70p to 1732p downgrading from add to reduce. Chesnar
Read moreLondon midday: Retailers, miners drag FTSE 100 into the red
8th Oct 2013 11:20
Markets were sharply lower on Tuesday with retailers and miners providing a drag as investors digested a barrage of gloomy economic data and the ongoing government shutdown in the States. The FTSE 100 dipped below the 6,400 mark in morning trade, a level seen as support for London's benchmark index
Read moreLondon close: Markets in 'wait-and-see' mode as shutdown continues
4th Oct 2013 16:46
After fluctuating between gains and losses for most of the day, the FTSE 100 finished broadly flat on Friday as stocks struggled for direction. In the absence of economic news and ongoing political uncertainty in the States, markets remain in "wait-and-see mode", according Senior Market Analyst Mic
Read moreSector movers: Carpetright drags retailers lower after profit warning, CEO exit
4th Oct 2013 14:58
A surprise profit warning and Chief Executive Officer (CEO) exit at Carpetright send the FTSE 250 plunging on Friday afternoon, dragging the general retail sector lower in London. Carpetright announced the departure of CEO Darren Shapland as it warned falling sales meant full-year profits would be
Read moreLondon midday: UK markets lack direction as US budget impasse persists
4th Oct 2013 11:31
After a slow start, the FTSE 100 had erased losses by midday on Friday but markets remain subdued as stocks struggle for direction in the absence of economic news and ongoing political uncertainty in the States. Since the partial shutdown of the US government has extended into its fourth day, gove
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read more