London close: Political uncertainty caps gains
6th Feb 2013 16:48
If in the best of times equities would find it hard going to continue advancing in the face of higher bond yields and rising energy quotes then even more so now that political uncertainty in the Eurozone, namely in Italy this time, as well as in the US is re-emerging a little. Thus, in the ear
Read moreLondon open: Stocks undaunted ahead of central banks
6th Feb 2013 09:24
The Footsie has begun the day with a moderate move higher, tracking overnight gains on Wall Street and in Tokyo. The latter came in response to news that Bank of Japan Governor, Masaaki Shirakawa, will step down on March 19th, almost three weeks ahead of schedule, which some observers interpreted a
Read moreHomeServe results to be 'in line' with expectations
6th Feb 2013 07:47
FTSE 250-listed international home emergency business HomeServe has said that adjusted profit before tax for the year ending March 31st would be 'in line with market expectations'. The group stated that it is continuing to grow its international businesses with new affinity partnerships and growing
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreLondon midday: Miners gain after upbeat Chinese data
22nd Nov 2012 11:31
- Stocks gains despite Eurozone gloom - Chinese manufacturing figures lift sentiment - Trade expected to be light with US closed Decent manufacturing figures from China ensured that the FTSE 100 was making gains on Thursday with the heavyweight mining sector bolstering the benchmark index. However
Read moreLondon open: Stocks rise after Chinese data
22nd Nov 2012 08:27
- Footsie gains after upbeat Chinese data - Volumes expected to be light with US markets closed - SABMiller and Man Group lead gains on FTSE 350 UK stocks started Thursday's session with moderate gains after some upbeat manufacturing figures from China, though trade is expected to be light with US
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreWednesday broker round-up UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreWednesday tips round-up: Homeserve, Halma and Lamprell
21st Nov 2012 06:43
Tempus in The Times says that reading the news headlines and you might have expected Homeserve to have ceased to exist as a viable business. The provider of domestic cover for broken boilers, blocked drains and burst pipes, which was forced to suspend sales and marketing cold-calling last autumn, wa
Read moreFTSE 250 movers: Lonmin rises on rights issue vote
20th Nov 2012 16:37
Platinum miner Lonmin was a high riser after shareholders yesterday voted in favour of a 817m dollar rights issue to repair its balance sheet. Strong growth internationally saw home emergency repairs group HomeServe achieve a decent increase in revenue and profit in the first half despite a slight
Read moreLondon close: Stocks rebound as 'Glenstrata' deal pushed through
20th Nov 2012 16:32
- Xstrata shareholders approve merger with Glencore - Hamas official says ceasefire has been agreed - Eurogroup meeting on Greece kicks off in Brussels After a poor start on Tuesday, UK stocks rallied in afternoon trade to finish broadly flat after shareholders approved the merger between FTSE 100
Read moreLondon midday: Markets cautious ahead of Eurogroup meeting on Greece
20th Nov 2012 11:27
Following on from a 2.36 per cent surge yesterday, the FTSE 100 pulled back on Tuesday morning with concerns about the Eurozone being reignited ahead of an extraordinary Eurogroup meeting on Greece scheduled for this evening. Eurozone finance ministers are meeting today in Brussels to discuss wheth
Read moreLondon open: Stocks slip as France downgraded
20th Nov 2012 08:45
With another European nation losing its prized 'AAA' rating last night, UK stocks edged into negative territory on Tuesday morning as Eurozone concerns came back into focus ahead of an extraordinary Eurogroup meeting on Greece. Investors are losing options to safeguard their funds in the highest in
Read moreLondon pre-open: FTSE to open lower ahead of Eurogroup meeting
20th Nov 2012 07:30
City sources predict the FTSE 100 will open down 11 points from yesterday's close of 5,738, as markets rebalance following Monday's strong rebound after last week's poor performance. Investors were yesterday cheered by hopes that the US can tackle the 'fiscal cliff' and sustain economic growth ear
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