London midday: Crude stabilises but oil stocks continue to slide
28th Nov 2014 11:43
The UK stock market dropped on Friday as shares in the energy sector dropped after the recent slump in crude on concerns about a global oversupply of oil. Oil producers and energy services stocks were extending losses made the previous session with crude prices set to register their steepest weekly
Read moreLondon open: FTSE 100 falls as energy stocks extend losses after OPEC meeting
28th Nov 2014 08:41
Despite already having plunged the previous session, stocks in the energy sector were under further selling pressure on Friday in the aftermath of the OPEC meeting, pushing the FTSE 100 firmly into the red. The Organization of Petroleum Exporting Countries decided on Thursday not to scale back their
Read moreTravel stocks soar in London as OPEC choses to maintain output target
27th Nov 2014 20:17
Oil stocks were the clear losers in London on Thursday after the Organization of Petroleum Exporting Countries (OPEC) chose not to cut production despite a global supply glut, sending crude prices to levels not seen since 2010. Brent crude dropped by 6.7% to $72.58 a barrel on the ICE, while West Te
Read moreFriday broker round-up:
14th Nov 2014 19:34
TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy
Read moreFTSE 100 movers: Vodafone shares higher after upbeat interims
11th Nov 2014 15:04
Vodafone shares surged after the mobile telecoms group impressed with its interim results and outlook, with earnings guidance for the full year now guided towards the higher end of expectations. Strong consumer demand for data helped revenues rise 8.9% in the six months to 30 September to £20.8bn, m
Read moreFTSE 100 movers: Charles Stanley makes contrarian call on Tesco
10th Nov 2014 16:19
Supermarket rivals Tesco and Wm Morrison were among the best performers, but Sainsbury was in the red after Cantor Fitzgerald cut its target price from 320p to 275p ahead of the results of its strategic review due out this week. Although an additional decline in profits in 2015/2016 is almost inevit
Read moreLondon close: Miners lead shares higher on gold price rise
7th Nov 2014 17:11
Miners and oil stocks led the London market modestly higher on Friday as gold and oil prices jumped on a weaker dollar and German trade data improved. Silver miner Fresnillo gleamed 34.5p to 734p and Randgold Resources glittered 58p to 4132p as gold prices rose about 2% and a barrel of US crude boun
Read moreFTSE 100 movers: Mining stocks jump as insurers fall
7th Nov 2014 16:01
Mining stocks were performing well on Friday, leading the risers on the FTSE 100 as metal prices gained on upbeat US economic data. Fresnillo, BHP Billiton, Anglo American, Randgold and Rio Tinto were all in demand. Experian was continuing to advance after a well-received first-half report on Thursd
Read moreLondon midday: UK stocks rise, but gains trimmed as investors await US jobs data
7th Nov 2014 11:43
UK stocks gained on Friday after Eurozone stimulus hopes and upbeat economic data pushed Wall Street indices to more record highs, but gains were pared slightly by lunchtime as investors waited for the all-important US jobs report. The FTSE 100 was up 0.5% at 6,587 by midday, having touched an intra
Read moreLondon open: UK stocks at one-month high ahead of US jobs report
7th Nov 2014 08:41
The UK stock market was trading at a one-month high on Friday following more record highs on Wall Street, boosted by upbeat US economic data and hopes for more monetary stimulus from the European Central Bank (ECB). However, investors will be keeping a close eye on the upcoming US jobs report on Fri
Read moreLondon pre-open: Positive start expected ahead of US jobs report
7th Nov 2014 07:39
UK stocks were expected to open in positive territory on Friday after hitting a one-month high the previous session on the back of upbeat economic data in the States and hopes for more stimulus in the Eurozone. City sources predict the FTSE 100 will open around 14 points higher than yesterday's clos
Read moreIAG to launch dividend in 2015 as October traffic rises
7th Nov 2014 07:15
The owner of British Airways and Iberia, International Airlines Group (IAG), pledged to launch a dividend payment to shareholders in 2015 after saying it was confident of hitting its targets for the year. IAG also said group traffic measured in revenue passenger kilometres increased 7.5% last month
Read moreFTSE 100 movers: Readacross from Ryanair lifts Easyjet and IAG
3rd Nov 2014 16:04
A strong performance by Ryanair helped lift shares in sector peers Easyjet and IAG. Ryanair's first-half net profits flew 32% higher to €795m thanks to a strong summer and the budget airline's customer charm offensive. More bad news out over the weekend didn't stop Tesco's share price rising on Mond
Read moreLondon close: Weak Eurozone manufacturing data drag shares lower
3rd Nov 2014 15:24
Weak European manufacturing data dragged London shares lower on Monday despite a rise in the sector's fortunes in the UK. The Eurozone Markit manufacturing purchasing managers' index (PMI) for October fell to 50.6 from 50.7 previously with both Germany and Italy declining while France improved sligh
Read moreLondon midday: HSBC leads banks lower, as economic data comes in mixed
3rd Nov 2014 11:22
UK stocks pulled back from a four-week high on Monday morning after mixed global economic data and underwhelming results from banking heavyweight HSBC. After a positive start, the FTSE 100 had erased early gains and was trading 0.4% down at 6,521 by midday. The index closed at 6,546.47 on Friday, it
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