FTSE 100 movers: Miners hit by weak data, but Babcock and Johnson Matthey jump
20th Nov 2014 14:00
Mining stocks were suffering steep losses on Thursday as a wave of disappointing economic data prompted investors to scale back their appetite for risk. Figures from top metals consumer China in particular were weighing on sentiment, as its manufacturing sector stagnated in November. Rio Tinto, Angl
Read moreBroker tips: Babcock, Johnson Matthey, Great Portland Estates
20th Nov 2014 13:07
Engineering support services group Babcock International's interims were "very solid", Investec analyst John Lawson said in a research note on Thursday. "The group continues to successfully replenish its order book (an ongoing challenge for any outsourcing group) and yesterday's announcement with re
Read moreJohnson Matthey's H1 beat should underpin forecasts, says Liberum
20th Nov 2014 12:38
First-half results from Johnson Matthey came in well ahead of consensus estimates and should reassure investors who were worrying about full-year forecasts, according to broker Liberum. Revenue totalled £4.8bn in the six months to 30 September, down 25% on a reported basis, mainly owing to a 32% dro
Read moreLondon midday: UK stocks fall as global PMI data dampens sentiment
20th Nov 2014 11:45
The UK stock market slumped on Thursday as a wave of disappointing economic data and speculation about a looming interest-rate hike in the States prompted investors to tread cautiously. London's FTSE 100 was down 0.7% at 6,649 by midday, with the heavyweight mining sector providing a drag as figures
Read moreLondon open: Manufacturing PMIs, FOMC minutes push UK stocks lower
20th Nov 2014 08:31
Weak economic data from China and the Eurozone and a hawkish set of Federal Reserve minutes pushed UK stock markets lower on Thursday morning. The FTSE 100 in London was trading down 0.3% at 6,675 in early deals. The preliminary HSBC purchasing managers' index (PMI) for Chinese manufacturing releas
Read moreLondon pre-open: Stocks set to slip after FOMC minutes
20th Nov 2014 07:58
UK stocks are expected to fall slightly on Thursday morning as investors react to the latest set of minutes from a policy meeting at the Federal Reserve. City sources predict the FTSE 100 will open around eight points lower than Wednesday's close of 6,696.60. Minutes from the late-October Federal O
Read moreJohnson Matthey H1 revenues fall, but full-year outlook improves
20th Nov 2014 07:09
Although first-half revenue dropped by a quarter at Johnson Matthey after the loss of a major contract with Anglo American Platinum (Amplats), the chemical and sustainable technologies group lifted its dividend by 9% after profits improved. The FTSE 100 company also lifted its full-year guidance sli
Read moreLondon open: Stocks move higher ahead of US FOMC
29th Oct 2014 09:26
Wednesday's session is expected to see a continuation of the previous day's gains, ahead of the latest policy decision announcement by the Federal Open Market Committee (FOMC), this evening. As of 09:20 the FTSE 100 was trading around 23 points higher than Tuesday's close at 6,432. The gains were b
Read moreLondon pre-open: FTSE to rise ahead of Fed decision
29th Oct 2014 07:44
Wednesday's session is expected to see a continuation of the previous day's gains, ahead of the latest policy decision announcement by the Federal Open Market Committee (FOMC). City sources predict the FTSE 100 will open around 29 points higher than Tuesday's close of 6,402.17. The gains were being
Read moreCredit Suisse notes weak demand for chemicals, Johnson Matthey falls
8th Oct 2014 09:29
Shares in UK-listed Johnson Matthey, Croda International and Alent were weighed down on Wednesday by comments by Credit Suisse, which slashed its estimates across the European chemicals sector on the back of poor demand. Ahead of a wave of third-quarter results from the sector, the bank said it has
Read moreLondon open: Macro concerns hit stocks ahead of earnings, Fed minutes
8th Oct 2014 08:36
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreLondon midday: FTSE 100 tops 6,800 as earnings impress
23rd Jul 2014 12:08
- Capital, BHP, Renishaw rise strongly after results/updates - BoE votes unanimously on rates - Ukraine, Gaza still in focus but fears ease techMARK 2,833.96 +0.26% FTSE 100 6,816.83 +0.32% FTSE 250 15,696.15 +0.29% UK stocks were trading at their highest level in over two weeks on Wednesday as we
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
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