London open: Footsie holding on to five-year highs
12th Mar 2013 09:05
The FTSE 100 opened in cautious manner on Tuesday morning as investors paused for breath after the index hit fresh five-year highs the day before. London's benchmark is now hovering around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial m
Read moreIG welcomes 'conducive' market conditions as revenue jumps
12th Mar 2013 08:01
Interdealer broker IG Group enters the fourth quarter in a cautiously optimistic mood after a better-than-expected performance since the first half, helped by volatile financial markets over the past few months. Revenue in the third quarter (three months ended February 28th) was up 18% year-on-year
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreWednesday tips round-up: Micheal Page, IG Group
16th Jan 2013 07:15
Michael Page International's drive to cut staff and expand in developing markets seems to be paying off, with acceleration in performance in the Asia Pacific region evident during the fourth quarter. In fact, it may be seeing signs of improvement in the Chinese economy, as opposed to Germany, which
Read moreLondon close: Markets cautious as US debt fears resurface
15th Jan 2013 16:54
- Anglo sinks into the red by the close - Burberry jumps after Q3 update - Debt ceiling concerns resurface, Obama takes hard-line approach The FTSE 100 finished with only slight gains on Tuesday afternoon as markets continued to be range-bound with concerns over the US debt ceiling weighing on the
Read moreLondon midday: Burberry, platinum stocks provide a lift
15th Jan 2013 11:26
- Burberry impresses with Q3; ARM hit with downgrades - Platinum stocks, prices rise after Amplats shake-up - US debt ceiling concerns return Strong gains for Burberry and platinum stocks helped the FTSE 100 push into positive territory by the midday mark, although gains were limited by resurfacing
Read moreLondon open: Stocks flat as US debt ceiling fears resurface
15th Jan 2013 08:28
Concerns about the US debt ceiling and the German economy were weighing on market sentiment on Tuesday morning, with the FTSE 100 trading broadly flat in the opening hour. President Barack Obama said last night that he would not negotiate with Republicans over raising the debt ceiling, declining to
Read moreIG Group reports fall in profits in half yearly
15th Jan 2013 07:59
IG Group on Tuesday reported a 21 per cent fall in profits as the company unveiled 'satisfactory' interim results for the last half of 2012. The FTSE 250 firm trading in financial derivatives said profit before tax was at£81.1m for the six months to the end of November, down from £103.1m in the pr
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read moreLondon close: 'Fiscal cliff' hopes lift markets
11th Dec 2012 16:56
- Fiscal cliff optimism increases ahead of FOMC - German ZEW smashes expectations - Tullow drops 8.4 per cent After a weak start, the FTSE 100 finished Tuesday's session with slight gains on the back of increasing optimism about the 'fiscal cliff', as well as a better-than-expected reading of Germa
Read moreFTSE 250 movers: Domino Printing and Victrex provide a drag
11th Dec 2012 14:36
Industrial coding, printing and marking technology group Domino Printing was the worst performer on the FTSE 250 after reporting a small decline in annual profit as it battles against tough market conditions. Pre-tax profit fell to £53.94m for the year ended October 31st 2012 from £57.44m the year
Read moreLondon midday: Footsie at nine-month high after German ZEW data
11th Dec 2012 11:51
- German ZEW surges in December - Whitbread impresses with Q3, Tullow drops - Footsie at highest since March After a subdued start, a much better-than-expected reading of German sentiment boosted buying this morning, sending the FTSE 100 to a nine-month high by Tuesday lunchtime. The Footsie is no
Read moreLondon open: Stocks cautious ahead of German ZEW data
11th Dec 2012 08:33
The FTSE 100 index started Tuesday's session cautiously with just 12 points separating the intraday low and high in the opening hour as the focus remains fixed on Mario Monti and 'fiscal cliff' discussions in the US. However, with little significant economic data scheduled for today's session, all
Read moreFirst half revenue falls at IG Group as volatility remains muted
11th Dec 2012 08:14
IG Group has revealed a reduction in its revenue for the half-year running from June 1st to November 30th in a trading update published on Tuesday morning. Revenue in the period was £169m, 14% lower than the prior year's. Sales for the second quarter, at £87.5m, were 7% higher than in the first qua
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