London close: Footsie extends losing streak
22nd Nov 2011 16:42
After spending almost all of the day in the blue and threatening to end a six-day losing streak, Footsie tumbled at the death to extend its miserable sequence. Disappointing third quarter gross domestic product data from the US played a part in London's late swoon. The second estimate for third qu
Read moreFTSE 100 Movers: IAG flying low
22nd Nov 2011 14:40
It was bad news all round for the travel industry, as shares in International Consolidated Airlines lost over 4% after Iberia, which operates under IAG, let it be known that it is facing potential strike action from workers, over the firm's plans to launch a new airline next year. Heading in the o
Read moreSector movers: Thomas Cook, IAG drag down travel stocks
22nd Nov 2011 14:14
The travel and leisure sector was dragged lower on Tuesday after Thomas Cook plummeted over 70% after saying that it was in talks with its banks about borrowing more money. Thomas Cook said it was going back to its banks because of a "deterioration of trading in some areas of the business in the c
Read moreLondon close: Footsie finishes down 3.28% on the week
18th Nov 2011 16:23
In quite a volatile trading session, the Footsie finished over 1% lower on Friday. For the week, the top share index closed down 3.28% on last Friday's close of 5,545, after a steady five-day fall on the back of a lack of progress in Eurozone. UK-GERMAN MEETING, DRAGHI EXPRESSES CONCERNS Britain'
Read moreFTSE 100 Movers: Capita falls on disappointing guidance
18th Nov 2011 14:56
This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5,545 (-3.3%). Capita occupied one of the bottom spots after saying it expects to see organic revenue growth decline 7% in 2011. Following the statement, Inv
Read moreDigital Look broker talk - UPDATE
14th Nov 2011 10:39
Premier Foods: "The banks overriding priority must be to get their money back as quickly as possible and whilst this requires Premier to make profits/ generate cash, we are concerned that the interests of equity shareholders are now subordinate" [UBS]. Electrocomponents: "With the rating at the low
Read moreMonday broker round-up - UPDATE
14th Nov 2011 09:19
Barclays: Goldman Sachs cuts to sell from neutral. BG Group: Evolution Securities keeps buy recommendation and 1,800p target. BG Group: Nomura maintains buy and 1,750p target. ITV: Peel Hunt retains buy and 73p target. ITV: Investec maintains hold rating and 55p target. Cairn Energy: UBS cuts
Read moreIAG to make operating profit of €1.5bn in 2015
11th Nov 2011 09:01
International Consolidated Airlines (IAG) rose strongly on Friday after saying that it expects to make €1.5bn in operating profits in 2015, significantly higher than €6m achieved in 2010. In its Capital Markets Day, the firm will reveal its target which it expects to achieve through an increase fro
Read moreLondon close: Stocks stop at resistance again, despite Italy news
8th Nov 2011 18:08
UK stocks finished higher on Tuesday, but off their best levels off the day, as investors attempt to digest the potentially extremely serious implications of the 'soap-opera' that Euroland has become of late. In today's episode Italian Prime Minister Silvio Berlusconi has lost his absolute major
Read moreTuesday broker update: IAG, HSBC, Essar -UPDATE
8th Nov 2011 09:38
Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure
Read moreLondon Close - FTSE flat as investors eye Italy
7th Nov 2011 16:55
UK prices were broadly flat on Monday dropping just 0.3% following steady rises since early September. However, investors are keeping a wary eye on developments in Italy. The human comedy sketch known as Silvio "Il Cavalieri" Berlusconi, appears to be teetering on the edge of losing power. The pre
Read moreBroker snap: UBS lowers price target for IAG
7th Nov 2011 14:13
Airline IAG reported third quarter sales that missed estimates and will not provide guidance until its Investor's Day, to be held on Friday. The lack of a clear outlook led UBS analysts to lower the airline's price target to 240p from 200p, although they have opted to maintain their 'buy' recommend
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
Read moreLondon open: RBS leads the advance
4th Nov 2011 23:18
Equities have started the day on the front foot but are not straying too far from last night's levels, bearing in mind that the market-moving US October jobs report is due out this afternoon. Nationalised lender Royal Bank of Scotland (RBS) is leading the advance after its third quarter advance, al
Read moreSector movers: ARM gives leg-up to Tech sector
4th Nov 2011 19:20
ARM Holdings, the chip designer, is arguably the king of the mobile devices arena, but has not made many inroads into the desktop and server based market, but that may be all about to change. PC colossus Hewlett-Packard (H-P), which recently rescinded its decision to get out of the PC business, yes
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