FTSE 100 movers: Aberdeen dives after rating downgrade
24th Jan 2014 14:31
Fund manager Aberdeen fell sharply in today's session after receiving a ratings downgrade by Morgan Stanley to 'underweight'. The bank said that a deteriorating fund performance compounds challenging emerging-market fundamentals, 'increasing the risk of negative revisions and a further multiple de-r
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreGlobal airline passenger traffic slowed in November
13th Jan 2014 13:31
Global airline passenger traffic registered a slowdown in November, with total revenue per passenger kilometre (RPKs) growing at a 4.1 per cent clip versus the same month a year ago, compared to a rise of 6.5 per cent in October, according to the latest figures out from the International Air Transpo
Read moreFTSE 100 movers: RSA rises on confidence ahead of investigation result
8th Jan 2014 16:01
RSA Insurance climbed strongly ahead of receiving the results of an independent investigation after it reiterated its confidence that the recent financial irregularities are isolated to its Irish business. The results are due to be announced tomorrow. Banking stocks were extending yesterday's gain
Read moreLondon close: UK markets hit two-month high as banks gain
7th Jan 2014 16:24
- FTSE 100 at highest level since November 4th - Eurozone inflation ramps up interest-rate speculation - Banks helped by funding data - IAG reports strong December traffic figures techMARK 2,789.43 -0.10% FTSE 100 6,755.45 +0.37% FTSE 250 16,069.19 +0.12% UK markets finished with decent gains on
Read moreFTSE 100 movers: Banks rise on BoE Liabilities Survey
7th Jan 2014 15:53
Ian Gordon at Investec attributed the rally in Lloyds' share price to the Bank of England's Liabilities Survey. He said: "It's not that it contains surprising news, but de facto confirmation of improving capital metrics, improving retail deposits and (significant) declines in funding volumes/requir
Read moreIAG traffic boosted by strong BA figures in December
7th Jan 2014 14:57
International Consolidated Airlines Group, more widely known as IAG, said on Tuesday that group traffic increased by an impressive 10.6 per cent year-on-year in December, helped by strong growth at British Airways. The airline group said revenue passenger kilometres totalled 15,025m last month, up
Read moreFTSE 100 movers: RSA jumps on 'buy' rating
6th Jan 2014 14:52
RSA Insurance was a high riser today after UBS raised its target price for the stock from 100p to 113p and maintained a 'buy' rating. The bank added the stock to its 'Alpha Preferences Most Preferred List', saying: "While there are significant uncertainties, we think that the balance of risks is to
Read moreTuesday preview: Airline companies to unveil latest traffic stats
6th Jan 2014 14:40
A handful of airline groups will release their latest traffic statistics on Tuesday including International Consolidated Airlines (IAG), easyJet and Aer Lingus. IAG, the parent company of British Airways, will report its December traffic statistics while Europe's easyJet and Ireland's Aer Lingus wi
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreLondon close: Stocks fall for fourth straight day ahead of Fed meeting
13th Dec 2013 16:47
- Stocks down ahead of Fed meeting next week - FTSE 100 hits fresh two-month low - RSA plummets after profit warning, CEO exit - ARM gains on Google hopes techMARK 2,663.70 +0.42% FTSE 100 6,439.96 -0.08% FTSE 250 15,233.46 +0.14% UK stocks finished broadly flat on Friday after a quiet session as
Read moreLondon midday: Markets edge higher after three straight losses
13th Dec 2013 11:15
- Taper speculation picks up after budget deal - RSA drops on profit warning, CEO exit - FTSE 100 rebounds from two-month low techMARK 2,662.49 +0.37% FTSE 100 6,457.75 +0.19% FTSE 250 15,251.18 +0.26% The FTSE 100 snapped three straight days of losses on Friday morning but was trading within a na
Read moreLondon close: Stocks slip after weak start on Wall Street
10th Dec 2013 16:44
- Markets fall as investors look ahead to Fed meeting - Economic data from China, UK reports comes in mixed - Gold miners track metal prices higher - Weir gains on M&A rumours techMARK 2,672.70 -0.26% FTSE 100 6,523.31 -0.55% FTSE 250 15,410.79 +0.12% UK stocks finished firmly lower on Tuesday aft
Read moreFTSE 100 movers: Miners track metal prices higher
10th Dec 2013 15:14
Randgold Resources topped the leader board this afternoon, tracking the price of gold higher, which was up 29 dollars, or 2.35 per cent. Likewise, Fresnillo, which fell earlier in today's session, rebounded into positive territory despite lowering its annual gold production forecast by 8.4% to 425
Read moreFTSE 100 movers: Tullow, mining stocks provide a drag
9th Dec 2013 14:57
Oil group Tullow was among the worst performers on Monday after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia as it failed to encounter oil. Mining stocks were also under heavy selling pressure despite data showing a strong acceleration in export growth last month
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