London open: FTSE opens lower on weak US and Chinese data
3rd Aug 2015 09:31
(ShareCast News) - The FTSE 100 opened lower on Monday on the back of disappointing US and Chinese data. US stocks fell at Friday's close following poor wage growth and consumer sentiment. Asian markets were also in the red on weaker Chinese manufacturing and lower oil prices. Two separate survey's
Read moreIntertek surges after posting 16% growth in first-half profit
3rd Aug 2015 08:35
(ShareCast News) - Shares in Intertek rocketed after the company posted a 16% rise in first-half pre-tax profit on the back of improved revenue momentum, margin progression and strong cash generation, and said it was on track to meet its full-year targets. Pre-tax profit rose to £139.1m from £119.8m
Read moreLondon pre-open: Stocks to open lower on US and Chinese data
3rd Aug 2015 08:18
(ShareCast News) - City sources predict the FTSE 100 will open six points lower than Friday's close of 6,696.28. A weak close in the US on poor wage growth and consumer sentiment will put downward pressure on the markets, London Capital Group night dealer Jonathan Sudaria said. "European equities a
Read moreLondon close: BP leads UK stocks higher, but other markets slip
2nd Jul 2015 16:44
Decent gains from blue chips BP and Dixons Carphone helped UK markets to rise on Thursday, bucking the negative trend seen across Europe as investors started to trim positions ahead of a pivotal weekend for Greece. With Greece confirming its intention to hold a referendum on Sunday, and the country'
Read moreFTSE 100 movers: Intertek hit by downgrade, miners higher
2nd Jul 2015 13:14
The FTSE 100 was buoyed by a tentative recovery in metal prices, strong construction data and gains in the pharmaceuticals, insurance and telecommunications sectors on Thursday. As of 15:00 BST, London's blue chip index was trading 0.5% higher at 6,638. BP led the index higher after a robust rally
Read moreLondon midday: Stocks rise after UK construction data, but gains limited
2nd Jul 2015 12:10
The FTSE 100 edged higher on Thursday after a strong reading of UK construction activity, though gains were limited amid ongoing uncertainty in Greece and ahead of a closely-followed report on the US labour market. The UK construction sector bounced back in June, according to a higher-than-expected
Read moreLondon open: Stocks open flat on uncertainty ahead of Greek referendum
2nd Jul 2015 09:11
UK stocks opened broadly flat on Thursday morning as fading optimism about a Greek debt deal and an upcoming US jobs report gave investors reasons to be cautious. The FTSE 100 was down 0.07% at 6,603.96 early on. After showing signs of conceding ground on Wednesday and offering to meet most of the
Read moreFTSE 100 movers: Weir and Associated British Foods surge on upgrades
29th May 2015 12:44
UK stocks shook off early morning caution by the afternoon, making modest gains in spite of Greek debt and panic selling on Chinese markets. As of 14:00 BST, the FTSE 100 was trading 0.04% higher at 7,044. Weir topped the risers as Credit Suisse raised its price target on the stock to 2,205p, citin
Read moreLondon close: Stocks edge higher after choppy session amid Greek uncertainty
28th May 2015 16:38
London's stocks finished a choppy session in the green, though gains were only modest as sentiment continued to be dominated by mixed newsflow from Greece. The FTSE 100 settled the session up 7.59 points (+0.11%) at 7,040.92 after swinging between gains and losses for most of the day, with trading v
Read moreLondon midday: Stocks shrug off weak UK data as Greek newsflow continues
28th May 2015 11:44
Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged
Read moreBroker tips: HSBC, Intertek, ICAP, Non-life insurers
28th May 2015 11:36
UBS has maintained a 'neutral' stance on HSBC ahead of the bank's strategy update on 9 June, saying that management is unlikely to deliver what is needed. HSBC's Asian franchise is the bank's "jewel in the crown", UBS said, but it faces substantial challenges over the next few decades as Hong Kong i
Read moreDeutsche Bank downgrades Intertek to 'hold'
28th May 2015 11:24
Product testing group Intertek was trading in the red on Thursday after Deutsche Bank downgraded its recommendation on the stock from 'buy' to 'hold'. While concerns the group's exposure to the oil and gas sector are already factored into the share price, Deutsche said the company has "more limited
Read moreLondon close: Early gains erased as US economic data disappoints
15th May 2015 16:28
UK stocks finished in the red on Friday after erasing earlier gains following some weaker-than-expected economic data from the States. Wall Street stocks were swinging between gains and losses after the open with both the S&P 500 and Dow Jones Industrial Average wavering near record highs. Investor
Read moreLondon midday: Stocks rise as UK data, Greek news lift sentiment
15th May 2015 11:22
Upbeat corporate earnings and a calmer session on the bond market helped UK equities rise on Friday morning, with sentiment boosted by a rebound in British construction output and improving newsflow from Greece. The FTSE 100 was up 0.38% at 6,999.56 by midday. Analysts also said that trading volume
Read moreLondon open: Stocks edge higher as corporate updates impress
15th May 2015 08:54
UK stocks edged higher on Friday morning ahead of what is expected to be another quiet session, though trading volumes are expected to pick up slightly. The FTSE 100 was up 0.38% at 6,999.81 early on with corporate updates from a number of blue chips being warmly-received by investors. Markets acro
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