London close: Stocks surge on signs of progress in Washington
10th Oct 2013 16:35
Stocks rebounded strongly on Thursday after hitting a three-month low the day before, as hopes that US politicians can resolve the ongoing deadlock in Washington prompted bargain hunters back into the market. The FTSE 100 finished 92.58 points higher at 6,430.49, a rise of 1.46%. This comes after t
Read moreLondon close: FTSE 100 at three-month low as IMF cuts global outlook
8th Oct 2013 16:39
Disappointing economic data and the ongoing US government shutdown sparked a sell-off on London's FTSE 100 on Tuesday, with the index falling to levels not seen in over three months. Meanwhile, as the budget impasse continues in Washington, the International Monetary Fund (IMF) today cut its outloo
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreLondon close: Stocks at six-week high despite subdued finish
16th Sep 2013 16:30
UK stocks registered decent gains on Monday as markets reacted positively to the withdrawal of Larry Summers from the candidacy to head the Federal Reserve, though investors turned more cautious towards the end of the session. Gains were trimmed slightly in afternoon trade on reports of a shooting
Read moreSector movers: Prudential leads life insurers higher
16th Sep 2013 15:45
Life insurance stocks were performing well on Monday as financials benefited from strong start to the week for stock markets across the globe. Prudential was among the best performers after Panmure Gordon hiked its target price for the stock from 1,376p to 1,453p and retained its 'buy' rating follo
Read moreFTSE 100 movers: Fresnillo plunges on levy concerns
16th Sep 2013 14:40
Precious metals miners Fresnillo has plummeted on concerns over levies on the mining sector in Mexico. "All of Fresnillo's seven operational mines are in Mexico, leaving it heavily exposed to such an increase in its tax burden," said Financial Sales Trader Max Cohen from Spreadex. Sector peer ENRC
Read moreLondon midday: FTSE 100 at six-week high after Summers' withdrawal
16th Sep 2013 11:30
News that Larry Summers has dropped out of the running for Federal Reserve Chairman gave market sentiment a boost on Monday morning while concerns over Syria eased. London's FTSE 100 surged to a six-week high of around 6,639 today - the last time the index closed higher was on August 2nd when it en
Read moreLondon open: Stocks jump ahead of Fed, Syria concerns ease
16th Sep 2013 08:29
Markets opened strongly on Monday morning as eyes begin to turn to the Federal Reserve ahead of its all-important policy meeting this week while concerns about Syria eased. The Federal Open Market Committee's two-day meeting is due to come to a close on Wednesday and will likely be one of the most
Read moreFTSE 100 movers: Tullow Oil shares jump on oil discovery
6th Sep 2013 15:05
Shares in Tullow Oil leapt after it was revealed that the Wisting Central exploration well had made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. Tullow Oil owns a 20% stake in the licence where the oil was found. Airline group easyJet was continuing to re
Read moreLondon midday: Markets rangebound ahead of US jobs report
6th Sep 2013 11:29
The FTSE 100 was rangebound on Friday morning as traders scaled back their appetite for risk ahead of the US jobs report due out this afternoon. London's benchmark index was trading far off Thursday's close of 6,532.4 with just 21 points separating its intraday low (6,520) and high (6,541). "We'r
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreLondon close: Markets finish lower despite late rally
28th Aug 2013 17:05
Markets rallied in afternoon trade on Wednesday, helped by dovish remarks from Bank of England (BoE) Governor Mark Carney and a decent start on Wall Street, but stocks still finished in the red as escalating concerns about Syria continued to dampen sentiment. The FTSE 100 finished down 10.91 points
Read moreLondon midday: Stocks fall as oil rises on Syria turmoil
28th Aug 2013 11:27
Stock markets were once again hit by concerns over rising tensions between Syria and the West on Wednesday morning, as surging oil prices look to pose a threat to global economic growth. West Texas crude futures were trading at a two-year high of $112.24 a barrel this morning while Brent crude jump
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