Sector movers: Chemicals stocks make gains
7th Dec 2012 15:55
Chemicals stocks were among the best performers on Friday afternoon with AZ Electronic Materials continuing its impressive year-to-date rise after announcing the completion of refinancing. The company, which specialises chemicals and materials used in circuits, devices, flat panel displays, LEDs an
Read moreFTSE 100 movers: Shire leads defensive stocks higher
4th Dec 2012 15:34
Shire was leading the defensive stocks after investors exercised caution as budget uncertainty in the US continues to weigh on sentiment. British Gas owner Centrica rose after partner EDF Energy announced that it has extended the life of two UK power stations by seven years. Tesco was on investo
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreLondon close: Losses erased after 'optimistic' fiscal cliff comments
28th Nov 2012 16:43
Comments from US Republican Speaker of the House John Boehner about the 'fiscal cliff' saw the FTSE 100 rally in afternoon trading to finish broadly flat. Markets got off to a poor start this morning after Nevada Democrat Harry Reid said that "little progress" has been made so far on avoiding the f
Read moreFTSE 100 movers: Bunzl falls on reduced price target
28th Nov 2012 14:44
Bunzl shares took a hit after Citigroup cut its target price from 1,250p to 1,190p, and kept a neutral rating. AMEC, Johnson Matthey, National Grid and Tate & Lyle were also registering losses today after going ex-dividend. Medical technology group Smith & Nephew fell after announcing that it is
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read moreLondon open: Stocks fall as focus turns to 'fiscal cliff'
28th Nov 2012 08:31
UK stocks slipped in early trading on Wednesday, tracking US markets lower, as focus turned to the impending US 'fiscal cliff'. "European equities are trading lower this morning being pressured by a late sell-off in the US yesterday evening on fears that so far there has been too little progress be
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreLondon close: Stocks rise on low volumes
22nd Nov 2012 16:52
- Trading light as US celebrates Thanksgiving - Focus shifts to EU summit - SABMiller jumps; 'Glenstrata' merger approved With trading volumes light owing to Thanksgiving, upbeat Chinese manufacturing data saw UK markets finish Thursday's session with decent gains in spite of the ongoing uncertaint
Read moreFTSE 100 movers: SABMiller jumps after beating forecasts
22nd Nov 2012 15:34
SABMiller, one of the world's largest brewers, rose into the top spot after it managed to beat analysts' forecasts in the first half as its hiked its interim dividend by 12 per cent. The company reported revenue of $17,476m in the six months to the end of September, up 11% on $15,688m reported the
Read moreLondon midday: Miners gain after upbeat Chinese data
22nd Nov 2012 11:31
- Stocks gains despite Eurozone gloom - Chinese manufacturing figures lift sentiment - Trade expected to be light with US closed Decent manufacturing figures from China ensured that the FTSE 100 was making gains on Thursday with the heavyweight mining sector bolstering the benchmark index. However
Read moreBroker tips: SABMiller, Johnson Matthey, Kingfisher
22nd Nov 2012 10:53
Jefferies has reiterated its 'buy' rating and 2,990p target price for drinks group SABMiller after a better-than-expected first half. The broker said: "The flat share price performance of SABMiller since the trading update in October has seen its peers catch up in terms of valuation with the compan
Read moreBroker snap: Credit Suisse upgrades Johnson Matthey to 'outperform'
22nd Nov 2012 09:17
Shares in chemicals group Johnson Matthey rebounded on Thursday morning following a sharp fall the day before, with Credit Suisse providing a lift after upgrading its rating for the stock from 'neutral' to 'outperform'. The stock dropped 5.8% on Wednesday after the company reported a 6% fall in fir
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