London midday: Stocks slip as optimism over US deal begins to fade
16th Oct 2013 11:45
London's FTSE 100 pulled back from a three-week high on Wednesday morning as a deal to avert a US default remained elusive with just one day to go before the government hits its borrowing limit. Matt Basi, Head of UK Sales Trading at CMC Markets, said that the proximity of the deadline was "giving
Read moreLondon open: US uncertainty pulls FTSE 100 back from three-week high
16th Oct 2013 08:44
UK markets opened lower on Wednesday morning, pulling back from a three-week high, as optimism over a deal in Washington to avert a default began to fade. The FTSE 100 in London was registering small losses early on after hitting 6,549 on Tuesday, its highest level since September 24th. Stocks on
Read moreLondon pre-open: Small drop expected ahead of unemployment data
16th Oct 2013 07:33
- Small decline expected in early trade - All eyes on unemployment - BBA Aviation Chairman to step down City sources predict the FTSE 100 will open around four points lower than yesterday's close of 6,549.11, as investors seek direction after US stocks slipped last night and ahead of the release o
Read moreIMI reports in-line third quarter results, disposes units - UPDATE
16th Oct 2013 07:05
- IMI sells Beverage Dispense - Third quarter trading in line - Full-year to meet market forecasts Engineering group IMI is selling its Beverage Dispense and Merchandising divisions to The Marmon Group - which is owned by Warren Buffet's Berkshire Hathaway - for 620m pounds. The company said the d
Read moreWednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read moreThursday broker round-up UPDATE
3rd Oct 2013 08:21
Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p. ARM Holdings: Credit Suisse moves target price from 1030p to 1050p and reiterates an outperform rating. Burberry Group: JP Morgan raises target price from 1450p to 1550p reiterating a neutral rating. Car
Read moreLondon close: Stocks sink to three-week low on policy uncertainty
27th Sep 2013 16:32
A cautious start turned into a market-wide sell-off by the close of trade on Friday as nervous investors booked profits ahead of the weekend. The UK's benchmark FTSE 100 index finished 52.93 points lower at 6,512.66, its worst closing level in three weeks. The last time it closed lower was on Septe
Read moreFTSE 100 movers: IMI jumps on appointment of new CEO
27th Sep 2013 14:49
Engineering group IMI rose into the top spot after hiring former Weir boss Mark Selway as its new Chief Executive. He will take the reins from company veteran Martin Lamb who will step down at the end of this year after nearly 13 years at the helm. Utility peers SSE and Centrica were also high ris
Read moreLondon midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreLondon open: Stocks fall as caution sets in ahead of data
27th Sep 2013 08:47
Markets opened lower on Friday morning following a choppy week as traders choose to head into the weekend with caution ahead of a barrage of economic data from the Eurozone and US later on. Eurozone economic confidence is expected to record a reading of 96 in September from 95.2 last month, accordi
Read moreLondon pre-open: Small decline expected in early trade
27th Sep 2013 07:12
City sources predict the FTSE 100 will open down around eight points from Thursday's close of 6,565.59, as investors weigh up the recent raft of data both at home and abroad. Mark Carney, the Bank of England Governor, has reportedly said that he sees no reason to continue bond-buying following sig
Read moreIMI announces new CEO as Martin Lamb retires
27th Sep 2013 07:04
Engineering group IMI has hired former Weir Group boss Mark Selway as its new Chief Executive. He will take the reins from company veteran Martin Lamb who will step down as Chief Executive at the end of this year after nearly 13 years at the helm. Under his watch the company has trebled its earni
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
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