London midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreLondon pre-open: FTSE to open lower on Greek bail-out delays
21st Nov 2012 07:33
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,748, after Eurozone finance ministers were last night unable to thrash out an agreement on how to finance a two-year extension in Greece's commitments. While some of the country's lenders - such as Germany, the
Read moreJohnson Matthey gives gloomy outlook for second half
21st Nov 2012 07:02
FTSE 100 platinum refiner Johnson Matthey reported a six per cent drop in profits in the first half, while explaining that it doesn't expect things to pick up in the latter part of the fiscal year and announcing a lower than expected dividend increase. The company, which is a world leader in emiss
Read moreWednesday preview: Compass and Johnson Matthey
20th Nov 2012 16:39
Contract caterer Compass will give investors food for thought on Wednesday when it releases full-year results. The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion
Read moreWeek Ahead: Compass, Johnson Matthey, brewing & pubs groups
16th Nov 2012 12:44
Contract caterer Compass will give investors food for thought on Wednesday when it releases full year results. The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion
Read moreBroker tips: Vodafone, AMEC, Johnson Matthey
14th Nov 2012 11:27
UBS has reiterated its 'buy' recommendation for telecoms firm Vodafone in spite of some disappointing second-quarter trends in Europe, as it remains upbeat about the Verizon Wireless (VZW) contribution to the group. "Again cuts to European forecasts are offset by a rise in the associate contributio
Read moreBroker snap: Credit Suisse cautious on outlook for Johnson Matthey
14th Nov 2012 09:15
Credit Suisse has retained its 'neutral' rating for speciality chemicals group Johnson Matthey, saying that while the outlook is negative, it is already priced in. The broker highlighted that Johnson Matthey has traded more or less flat over the summer, down just 0.4% over the last three months, un
Read moreWednesday Broker round-up UPDATE
14th Nov 2012 07:24
Anglo American: Deutsche Bank reduces target price from 2700p to 2600p, buy recommendation unchanged. Chemring: Credit Suisse reduces target price from 330p to 210p, neutral rating kept. CRH: UBS raises target price from 1110p to 1140p, neutral rating unchanged. Daily Mail and General Trust: Deut
Read moreFriday broker round-up
26th Oct 2012 10:00
African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral
Read moreLondon close: Economists see MPC taking QE off the table
25th Oct 2012 16:45
- UK and US data beats expectations - UK QE off the table for November's meeting, say analysts - Miners provide a drag on the Footsie Stocks pared gains to finish flat by the close on Thursday despite a barrage of better-than-expected data the world over - including UK gross domestic product (GDP)
Read moreSector movers: BASF and AZ Electronic provide a catalyst for chemicals
25th Oct 2012 15:48
The chemicals sector was in its element on Thursday afternoon after some well-received results from German chemicals giant BASF and FTSE 250 firm AZ Electronic Materials. The company, which reported 8.0% sales growth in the third quarter to €19.01bn, said that it still remains on track to hit its f
Read moreFTSE 100 movers: Carnival rises on Royal Caribbean's outlook
25th Oct 2012 15:14
Cruise operator Carnival rose three per cent, making it the top riser among FTSE 100 stocks in afternoon trade, buoyed by news that its US rival Royal Caribbean has raised its full-year forecast. Carnival had to cut prices to get people back on board with the idea of cruise holidays after the Costa
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon close: Stocks decline after Caterpillar earnings
22nd Oct 2012 16:28
- Caterpillar disappoints with guidance - Kenny-Merkel statement apparently overinterpreted -DPA - BP falls after confirming Rosneft deal After a brief stint in positive territory, UK stocks fell into the red by the close on Monday after some disappointing guidance for US economic bellwether Caterp
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