London midday: Financials, miners lift Footsie higher
28th May 2012 11:43
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today Reports of rising popularity for Greece's New Democracy party were giving a lift to London's FTSE 100 on Monday morning as fears over an exit from the Eurozone eased. Sever
Read moreSunday newspaper round-up: Reality, British Airways, BSkyB
27th May 2012 16:35
Germany's Nobel literature laureate Günter Grass criticised the treatment of Greece in the debt crisis, describing it in a new poem as a "country sentenced to poverty". The 84-year-old's latest work, "Europe's Disgrace", was published in the daily Sueddeutsche Zeitung. As Greece struggles with auste
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreLufthansa may be interested in Portuguese airline TAP
16th May 2012 11:15
German airline Deutsche Lufthansa may be considering an offer for Portuguese airline TAP in order to strengthen its position in South America and protect its partnership with a key member of the Star Alliance of airlines. "We will always look if someone approaches us, especially if it's a Star carr
Read moreLondon close: Stocks slip as Greece heads for new elections
15th May 2012 16:30
- Greece fails to form coalition - Eurozone GDP unchanged in first quarter - IAG falls after downgrade, miners track metals prices lower London's blue chip index fell sharply for a second straight day on Tuesday as it was revealed that Greek leaders failed to form a coalition, meaning that the coun
Read moreFTSE 100 movers: IAG is biggest faller after downgrade
15th May 2012 15:53
Airline company IAG was pressured into the bottom spot after JP Morgan Cazenove downgraded its recommendation from overweight to neutral. Miners were also pushed lower as metal prices took a hit, with Vedanta, Kazakhmys and Rio Tinto all in the bottom 10. Meanwhile, international security soluti
Read moreLondon midday: Footsie edges higher as Eurozone avoids recession
15th May 2012 11:55
- Eurozone GDP flat in first quarter - German GDP surprises to the upside - UK trade deficit narrows slightly The FTSE 100 was registering only slight gains by Tuesday lunchtime as Greek concerns continue to dampen sentiment. The benchmark lost almost two per cent of its value yesterday on speculat
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreLondon open: Stocks rebound on German GDP data
15th May 2012 08:27
- German GDP surprises to the upside - Eurogroup rules out Greek exit - G4S on track to meet full-year guidance Blue-chip stocks opened broadly higher on Tuesday morning following a steep sell-off yesterday which saw the Footsie set a new low for 2012. Helping sentiment this morning was an upwards
Read moreMonday broker round-up - UPDATE
14th May 2012 07:48
Antofagasta: AlphaValue downgrades from add to sell, target cut from 1,201.3p to 915p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Chariot Oil & Gas: Jefferies keeps buy rating and 355p target; Merchant Securities keeps buy recommendation and 232.1p target. Dignity: In
Read moreSunday newspaper round-up: Greece, Lloyds, BRICs
13th May 2012 11:38
Greece's deputy prime minister has said the country will run out of money in six weeks unless it honours its bitterly-disputed EU bailout deal. Speaking exclusively to The Sunday Telegraph, Theodoros Pangalos said he was "very much afraid of what is going to happen" after Greek voters rejected the d
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreBroker tips: IAG, ENRC, ARM
11th May 2012 11:32
Investec reiterated its sell rating and 100p target price for International Consolidated Airlines Group (IAG) on Friday morning, saying that the firm's first-quarter results highlight the challenges ahead. Investec highlights IAG's outlook as being rather weak, with the group saying that the Spanis
Read moreBroker snap: IAG's guidance could be too optimistic, says Investec
11th May 2012 11:29
Investec reiterated its sell rating for International Consolidated Airlines Group (IAG) on Friday morning, saying that the firm's first-quarter results highlight the challenges ahead. The group reported an operating loss of €249m in the first three months of the year, the bottom-end of the €200-250
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