London close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreSector movers: Banks rise as Goldman lifts targets
28th Jan 2013 15:27
Banking stocks were performing well on Monday afternoon after Goldman Sachs raised target prices across the sector. Goldman labelled HSBC as a 'conviction buy' and upped its target price from 820p to 860p. Even RBS was making gains despite the US bank downgrading the stock to 'sell'. Nevertheless,
Read moreFTSE 100 movers: Banks rise as miners head lower
28th Jan 2013 14:58
Banks were putting in a solid performance on Monday after Goldman Sachs raised target prices across the sector, led by the likes of Aberdeen Asset Management and Barclays, and offsetting declines in the mining sector. BAE Systems was higher after Societe Generale moved target price from 310p to 35
Read moreLondon close: Markets finish lower, but TUI Travel surges late on
16th Jan 2013 17:10
- World Bank, Germany cut growth estimates - Hostage crisis in North Africa - TUI Travel surges after approach from TUI AG The FTSE 100 ended moderately lower on Wednesday as markets trimmed losses by the close, though the mood was still cautious after both the World Bank and German government down
Read moreLondon midday: Banks and miners fall as risk is scaled back
16th Jan 2013 11:38
Banking and mining stocks were firmly out of favour on Wednesday morning as risk appetite was scaled back due to concerns over the outlook for global economic growth. The World Bank has cut its global growth forecast for 2013 due to the difficult recovery that economies worldwide are currently unde
Read moreBroker snap: Nomura prefers French/Swiss banks over UK lenders
16th Jan 2013 11:02
Nomura has retained its 'neutral' view on the UK bank sector, saying that domestic lenders 'scan weaker' than French and Swiss banks for total returns. Last month's Anchor report by Nomura highlighted its long-term reason to be cautious on the UK domestic bank sector and favour the UK Asia-focused
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreFTSE 100 movers: IAG performs strongly after upgrade
11th Jan 2013 14:31
British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage. "We think that IAG could be the laggard most likely to outperform in 2013 sh
Read moreLondon close: Index closes at highest level since 2008
9th Jan 2013 16:33
UK markets closed significantly higher on Wednesday, up 45 points equal to 11.41bn pounds, with the index closing at its highest level since May 22nd 2008. The gains were led by banking stocks after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of co
Read moreFTSE 100 movers: Banks soar on UBS upgrade
9th Jan 2013 14:53
Banks were leading the risers on Wednesday after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of combining fiscal and monetary austerity'. The broker revised its price target on Lloyds to 60p (from 50p), for Barclays to 315p (from 255p) and RBS to 410
Read moreWednesday newspaper round-up: HSBC, Pub companies, Rail fares...
9th Jan 2013 07:03
The sale of HSBC'S 9.4bn-dollar (5.9bn-pound) stake in the insurer Ping An is in doubt after Chinese authorities appeared to withdraw funding for part of the deal. The China Development Bank is believed to have reneged on a promise to back Thailand's Charoen Pokphand Group, the chosen bidder for the
Read moreTuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
Read moreFTSE 100 movers: Barclays leads risers as National Grid falls
7th Jan 2013 15:34
Banking giant Barclays was the high riser of the day after regulators eased rules on cash buffers, giving lenders more time and greater flexibility to comply with Basel III liquid coverage ratio requirements. Sector peers Lloyds and HSBC were also on the up. "Less strict liquidity rules should red
Read moreLondon midday: Traders take profits after recent surge
7th Jan 2013 11:41
Strong gains in the banking sector weren't enough to lift the FTSE 100 into positive territory on Monday morning, as London's benchmark index pulled back from its near two-year high on Friday. "Stock markets in Europe have surrendered early morning slim gains as the temptation to book profits on ma
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