Monday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read moreHSBC considering sale of Ping An stake
19th Nov 2012 07:22
Global banking titan HSBC confirmed press speculation on Monday morning, saying that it is mulling a sale of its minority stake in Chinese insurance giant Ping An Insurance. HSBC holds a 15.57% stake in Ping An, China's second-largest insurance firm by assets, which is worth an estimated $9.5bn. T
Read moreSunday newspaper round-up: Gaza, BP, Banks
18th Nov 2012 20:34
President Obama has increased the pressure on Israel and Hamas to agree a truce before a ground war breaks out in Gaza and pushes any prospect of peace "way off in the future". Talks brokered by Egypt were continuing through the fifth day of violence, and Palestinian sources have claimed that a deal
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreSector movers: Lloyds and RBS lead banks higher after broker comments
12th Nov 2012 14:52
Banking stocks were among the best performers on Monday afternoon with all the big UK lenders making gains. Lloyds was a high riser on the FTSE 100 after UBS raised its target price for the shares from 44p to 46p, saying that the bank's third-quarter results showed "solid progress and improving mom
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreSector movers: Talvivaara weighs on industrial metals sector
9th Nov 2012 14:27
Cyclical stocks such as those in the mining and banking sectors were under the weather on Friday afternoon as sentiment on global stock markets continues to be hampered by concerns about Greece's finances. Talvivaara, the FTSE 250 nickel miner, was suffering heavy falls today, pushing the industria
Read moreHSBC alleged to be under investigation by HMRC
9th Nov 2012 12:21
HSBC bank is investigating a leak of confidential information regarding clients´ accounts in Jersey and allegations that criminals are utilizing accounts with the lender in Jersey to channel their funds. According to an article in The Telegraph, the tax authorities have obtained details of every
Read moreTuesday newspaper round-up: France, Bonuses, Apple
6th Nov 2012 07:17
The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform. Throwing the guantlet at the feet of the Socialist president Francois Hollande, the IMF said rising tax
Read moreLondon close: Stocks taken down by global uncertainty
5th Nov 2012 16:49
- All eyes turn to the US elections - Greece attempts to agree on austerity - UK and US services PMI disappoint After a sharp fall early on, the FTSE 100 traded broadly sideways for the remainder of Monday's session as investors refrained from building positions ahead of a busy week for the global
Read moreLondon midday: Investors flee from risk ahead of US elections
5th Nov 2012 11:26
- Investors risk averse ahead of elections - UK services PMI disappoints - Greece to vote on austerity Nervousness ahead of the US presidential elections saw stocks head lower on Monday morning, with losses cemented by a worse-than-expected reading of service-sector activity in the UK. In regards
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
Read moreMoney laundering investigation casts shadow over HSBC -UPDATE
5th Nov 2012 07:56
Adjustments to the fair value of its own debt put a serious dent in the third quarter profits of banking giant HSBC, while the final size of the money laundering fine in the US is casting an enormous shadow over the group. Reported profit before tax of $3,481m in the third quarter was about half th
Read moreMonday newspaper round-up: HSBC, BAE, Google
5th Nov 2012 07:02
HSBC is set to face a final bill for fines as high as 1.5bn dollars (937m pounds) for the "shameful and embarrassing" US money-laundering scandal that has engulfed Britain's biggest bank. The lender is tomorrow expected to spell out the full financial damage caused by the crisis, which erupted earli
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
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