London midday: Markets rangebound with focus on central banks
6th Jun 2013 11:39
Markets were rangebound on Thursday morning as traders awaited announcements from the Bank of England (BoE) and European Central Bank (ECB) on monetary policy. There were just 16 points separating the index's intraday low (6,416) and high (6,432), as markets paused for breath following a heavy sell
Read moreBroker tips: Johnson Matthey, G4S, Polymetal
6th Jun 2013 11:09
Bank of America Merrill Lynch (BofA) has upgraded its forecast for platinum refiner and chemicals group Johnson Matthey from 'neutral' to 'buy' after the company's forecast-beating full-year results on Thursday morning. BofA highlighted that the stock has underperformed the wider sector by 9.0% and
Read moreBroker snap: BofA upgrades Johnson Matthey after full-year beat
6th Jun 2013 09:58
Bank of America Merrill Lynch (BofA) has upgraded its forecast for platinum refiner and chemicals group Johnson Matthey from 'neutral' to 'buy' after the company's forecast-beating full-year results on Thursday morning. The broker said that second-half earnings per share (EPS) from the company were
Read moreLondon open: Markets pause ahead of BoE and ECB decisions
6th Jun 2013 08:34
Markets opened broadly flat on Thursday morning as traders paused for breath following the heavy sell-off the day before, with all eyes on the Bank of England (BoE) and European Central Bank (ECB) as they prepare to announce their latest monetary policy decisions this afternoon. The FTSE 100 lost 2
Read moreLondon pre-open: Markets to extend losses following sell-off
6th Jun 2013 07:57
Markets are expected to open lower on Thursday following a dramatic sell-off the day before as traders continue to show caution ahead of the all-important US jobs report tomorrow. City sources predict the FTSE 100 will open down four points from yesterday's close of 6.419. The index dropped a total
Read moreThursday broker round-up UPDATE
6th Jun 2013 07:37
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation. Alliance Pharma: FinnCap shifts target price from 35p to 38.50p and stays with its hold recommendation. APR Energy: Goldman Sachs reduces target price from 990p to 945p keeping a buy recommendatio
Read morePrecious metal division weighs on Johnson Matthey
6th Jun 2013 07:07
Speciality chemicals company Johnson Matthey reported weaker annual results, in what it described as a challenging year, but said it remains well positioned to grow its business over the medium and long term. Underlying pre-tax profit declined to £389.2m for the year ended March 31st 2013 from £426
Read moreWalker named as next Executive Director at Johnson Matthey
5th Jun 2013 13:53
FTSE 100-listed speciality chemicals company Johnson Matthey has appointed John Walker as an Executive Director of the company with effect from October 9th 2013. He will succeed Bill Sandford who is to retire as an Executive Director of the company on October 9th 2013. Walker, who has worked at J
Read moreLondon close: Stocks pare gains after US data
1st May 2013 16:40
Disappointing economic from the States saw the FTSE 100 halve its earlier gains by the close on Wednesday as markets waited in anticipation of a policy decision from the Federal Reserve later this evening. The US central bank is widely expected to leave its current stimulus measures unchanged follo
Read moreFTSE 100 movers: BT leads the way after o2 deal
1st May 2013 14:52
BT Group shares were leading the risers on Wednesday after signing a 10-year deal with o2 to create a new 4G network worth in the region of 500m pounds. Speciality chemicals group Johnson Matthey has made strong gains after a positive update from Credit Suisse said that weaker platinum prices have
Read moreTuesday broker round-up UPDATE
23rd Apr 2013 07:40
Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation. Aveva Group: Sanlam Securities upgrades from sell to hold with an unchanged target price of 1980p. Bank of Georgia: Bank of America raises target price from 1443.60p to 1765p, but downgrade
Read moreFTSE 100 movers: Johnson Matthey share lifted by Credit Suisse
12th Apr 2013 15:34
Johnson Matthey shares were lifted by Credit Suisse, in which it said the speciality chemical makers is in a better position than its peers in Europe in terms of its position within the industry. The broker reiterated its 'outperform' rating on the stock. Aggreko shares got a boost after Jefferies
Read moreLondon midday: FTSE 100 snaps four-day winning streak
12th Apr 2013 11:55
The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
Read moreLondon close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreLondon midday: Stocks advance as Cyprus re-opens banks
28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
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