London open: Footsie rises with Greece in focus
23rd Jan 2012 08:36
UK stocks rose on Monday with hopes that Greece can reach a deal with its bondholders boosting sentiment early on. The Institute of International Finance (IIF) seems to have hardened its stance in its negotiations with Greece. Charles Dallara, theManaging Director of the IIF, the body which is neg
Read moreTuesday broker round-up - UPDATE
17th Jan 2012 09:15
IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main
Read moreLondon close: Merkel comments weigh, Footsie pares gains
13th Dec 2011 16:21
London's blue chip index experienced a boost on Tuesday afternoon, helped by a strong Spanish bond auction and a better-than-expected German confidence survey. However, stocks began to retreat late on after some worrying comments from Angela Merkel and rumours of disruption to oil exports in the Per
Read moreLondon close: Banks provide a boost after summit
9th Dec 2011 16:45
The EU summit has of course dominated markets today and investors have taken the news reasonably well, with benchmark indices across Europe finishing between 2-3% higher after Eurozone nations (and some others) reached an agreement on enhancing fiscal discipline and strengthening economic policy coo
Read moreFTSE 100 Movers: Banks and miners head north
9th Dec 2011 14:44
The banks - Lloyds, RBS and Barclays - took the top spots, rising around 3% each, as markets digest last night's developments from the EU summit. Mining peers Fresnillo, ENRC, Kazakhmys, Xstrata and Antofagasta were also making gains. EU leaders have failed in a bid to make changes to the treatie
Read moreFTSE 100 Movers: GKN falls on downgrade
8th Dec 2011 15:25
GKN continued to fall on news that Credit Suisse had downgraded the stock from outperform to neutral. Standard Chartered fell after saying its income for 2011 is now expected to grow at "just below a double digit rate" after a depreciation in Asian exchange rates against the dollar. Previously the
Read moreLondon close: Footsie falls back below 5,500
1st Dec 2011 16:35
Despite a strong rise before on the back of some better-than-expected manufacturing data from the US, London's benchmark index pulled back to finish close to its lowest levels of the day. Nevertheless, after yesterday's eye-watering rally which saw benchmark indices across the globe jump between 3-5
Read moreFTSE 100 Movers: Resolution continues on the up
1st Dec 2011 15:00
Resolution continued to rise following yesterday's news that the High Court has approved its scheme to transfer certain parts of its businesses to Friends Provident Life and Pensions Limited, the main UK life assurance company owned by the company's subsidiary, Friends Life Group. The transfer will
Read moreThursday broker round-up - UPDATE
17th Nov 2011 09:45
Intertek: Credit Suisse reiterates outperform rating and 2,250p target - "Focus List stock". Imperial Tobacco: Nomura downgrades from buy to reduce, target cut from 2,400p to 2,150p. British American Tobacco: Nomura raises target from 3,020p to 3,320p, buy rating maintained. Experian: Credit Suis
Read moreBroker tips: HSBC, AMEC, IMI
11th Nov 2011 10:29
In a stark research note issued this morning, Evolution Securities has reiterated its sell recommendation for banking giant HSBC, saying simply, "HSBC isn't working!" The broker acknowledged that "come rain or shine", HSBC will probably remain a much-loved stock among the London "sell-side": "Never
Read moreDigital Look broker talk
11th Nov 2011 10:15
HSBC: "No matter what happens, come rain or shine, underperforming HSBC will remain a much loved stock among the London sell-side...Never mind the so-called safe haven arguments. There is absolutely no excuse for owning the shares at all" [Evolution Securities]. IMI: "It seems the self-help story
Read moreBroker snap: IMI's H2 not great, but UBS sticks with a buy
11th Nov 2011 10:08
UBS has maintained its positive stance on FTSE 100 engineer IMI but warned that investment case is under pressure. The broker says that IMI's second half "disappointed" as revenue growth slowed to 4%, from 8% in the first six months. Nevertheless, the firm kept its expectations for the full year.
Read moreMorning broker round-up -UPDATE
11th Nov 2011 08:52
Experian: Nomura raises target price to 910p from 867p before. Schroders: Deutsche Bank upgrades to hold from sell. Schroders: Credit Suisse cuts target to 1,390p from 1,450p. Fenner: Credit Suisse raised target to 415p from 395p. Dart Group: Peel Hunt initiates coverage at buy. Next Fifteen
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreLondon midday: Stocks stuck lower amid growth concerns
18th Oct 2011 12:22
The leading share index remains under pressure, with a slight slowdown in Chinese growth the latest development to jangle nerves over the state of the economy. Latest talk is that increasing the capacity of the European Financial Stability Fund which would be used to bail out stricken Eurozone coun
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