London close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read moreFTSE 100 movers: Banks top risers after FSA decision
10th Oct 2012 15:22
Banking peers Lloyds and RBS were leading the risers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending. Meanwhile, according to reports this morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investm
Read moreLondon close: Miners surge after US jobs figures beat forecasts
5th Oct 2012 16:44
- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
Read moreLondon midday: Stocks continue to gain ahead of US payrolls
5th Oct 2012 11:52
- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
Read moreBroker tips: Tesco, IMI, WS Atkins
5th Oct 2012 10:49
The strategic problems at Tesco are getting worse, according to Investec, which still recommends to sell shares in the supermarket giant. Investec said that Tesco's strategy needs a "major overhaul". The broker has kept its 295p target price on the shares, saying that the risk remains on the downsi
Read moreBroker snap: Still work to be done at IMI, says Jefferies
5th Oct 2012 09:53
Jefferies has reiterated its 'hold' rating and 930p target price for engineering group IMI, saying that while it is a good business, there's still work to be done to satisfy 'near-term concerns'. At IMI's capital markets day yesterday, the group reinforced its focus on "strategic/'sweetspot' conver
Read moreLondon open: Footsie bolstered by miners ahead of US data
5th Oct 2012 08:48
- Burberry, Wood Group and miners lift FTSE 100 early on - Markets await US payrolls data - IMF to cut global GDP forecast Stocks edged higher on Friday morning ahead of some closely-watched jobs data from the US later today; Burberry, Wood Group and the miners were among the highest risers on the
Read moreTuesday broker round-up
2nd Oct 2012 08:17
African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreLondon close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreFriday tips round-up: IMI, WH Smith
24th Aug 2012 07:03
The Tempus column in The Times took a look at controls and valves maker IMI on Friday morning, focusing on the group's margin target of 20 per cent in its three key divisions. 'Such forecast are all well and good until you fail to meet them', the paper said. Shares in IMI dropped on Thursday after
Read moreFTSE 100 movers: Randgold up on Mali government news
23rd Aug 2012 14:59
Randgold was a high riser today after releasing a statement to welcome the appointment of a new interim government in Mali which its said 'represents a further step towards the full normalisation of the country following the coup attempt earlier this year.' Miners on the whole were making gains to
Read moreLondon midday: Miners gain on QE hopes, Randgold jumps
23rd Aug 2012 11:44
- QE hopes drive stocks early on - Gains pared after Eurozone data - Randgold leads miners higher The Footsie was teetering around the 5,800 level by Thursday lunchtime as earlier optimism surrounding a potential policy easing in the US was tempered by some weak manufacturing data from the Eurozone
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