London open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreLondon pre-open: Stocks to fall ahead of busy day for data
5th Jun 2013 07:34
Ahead of a busy day on the economic data front, stocks are expected to open sharply lower on Wednesday, with City sources predicting that the FTSE 100 will open around 50 points lower from yesterday's close of 6,559. "The European markets are expected to open lower once again this morning highlight
Read moreIntermediate Capital closes real-estate fund after reaching maximum size
5th Jun 2013 07:10
Intermediate Capital Group (ICG), the FTSE 250-listed asset manager, is to close its real-estate debt fund ICG-Longbow Fund III at its maximum size of 700m pounds. The fund is focused on newly originated first charge whole loans and mezzanine debt. ICG said in its full-year results announcement t
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreLondon close: Bernanke's dovish tone sparks surge late on
22nd May 2013 17:12
After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs. The benchmark index extended its impressive year-to-date rise to nearly 16% today after Ben Bernanke initiated a dovish to
Read moreLondon midday: Stocks pull back as UK retail sales drop
22nd May 2013 12:02
Disappointing retail sales in the UK saw markets pull back from a 13-year highs on Wednesday morning while traders kept a close eye on central banks around the world. UK retail sales volumes fell sharply in April, by 1.3% month-on-month as the poor weather continued to lead shoppers to forego purch
Read moreLondon open: Stocks dip as focus turns to central banks
22nd May 2013 08:38
Markets pulled back from new 13-year highs on Wednesday morning as traders turned cautious ahead of statements from central banks in the UK and US. The FTSE 100 finished at a closing price of 6,803.87 on Tuesday, extending its impressive year-to-date rise to over 15%. The index is now coming close
Read moreLondon pre-open: FTSE to edge lower after hitting 13-year highs
22nd May 2013 07:36
City sources predict the FTSE 100 will open down 11 points from yesterday's close of 6,804, after it yesterday smashed through the 6,800 mark, just 130 points short of its all-time high, not seen since 1999. A decline would ignore the gains seen in both Asia and the US overnight. It's a busy day
Read moreIntermediate Capital sees record AuM but profits drop
22nd May 2013 07:12
FTSE 250-listed asset manager Intermediate Capital, otherwise known as ICG, has unveiled record assets under management (AuM) for 2012/13 but profits dropped sharply as the company didn't exit as many investments during the year. AuM reached a record €12.93bn (£10.91bn) in the year ended March 31st
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreBurberry director cuts stake with 400k-pound share sale
23rd Jan 2013 16:03
A director at Burberry sold over 400,000 pounds-worth of shares in the luxury brand company this week, the firm said on Wednesday. Pascal Perrier, the President of Burberry's Asia Pacific division, sold 30,000 ordinary shares at 1366.8p a pop on January 22nd. The sale, which amounts to £410,040, w
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreIntermediate Capital AUM up seven per cent to 12.9bn euros
15th Jan 2013 08:32
Assets under management at FTSE-250 listed Intermediate Capital rose by seven per cent to 12.9bn euros at the end of September, according to the group's interim management statement for the period to January 14th. This was driven by good progress in fundraising for the group's mezzanine funds, the
Read moreTuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
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
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