Friday broker round-up UPDATE
12th Jul 2013 08:11
Ashmore Group: Morgan Stanley cuts target price from 444p to 420p and leaves its equal-weight rating unchanged. JP Morgan ups target price from 339p to 377p maintaining a neutral rating. AstraZeneca: Jefferies reduces target price from 3560p to 3400p, while keeping its hold recommendation. Aviva:
Read moreLegal & General gives top executives a pay rise
1st Jul 2013 08:06
Legal & General (L&G) confirmed on Monday three of its top executives would receive a pay rise as they take on new responsibilities. The company's newly appointed Chief Financial Officer, Mark Gregory, will enjoy a greater base salary than before as the former Chief Executive of the firm's Savings
Read moreFTSE 100 movers: Financials rise, offset weakness amongst miners
26th Jun 2013 14:18
Gains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreLondon pre-open: Markets seen higher as stocks claw back from recent losses
26th Jun 2013 07:29
The FTSE 100 is expected to open in positive territory for a second straight day as markets continue to rebound following the heavy falls seen in recent weeks. Selling had accelerated last week after the Federal Reserve confirmed its intention to 'taper' quantitative easing if economic data continu
Read moreLegal & General invests to expand retirement solutions footprint
26th Jun 2013 07:18
Insurance, savings and investment group Legal & General (L&G) is to purchase UK annuity buy-out firm Lucida for 151m pounds after identifying retirement solutions as one of its 'five key themes for growth'. Lucida, founded in 2006, closed to new business in November 2012 and is currently responsib
Read moreLondon pre-open: Gains expected early on, all eyes on the Fed
17th Jun 2013 07:21
The FTSE 100 is expected to start the new week moderately higher though the mood on markets is expected to be cautious as traders nervously await a policy meeting at the Federal Reserve in a few days' time. City sources predict the FTSE 100 will open up around 23 points from yesterday's close of 6,
Read moreLegal & General appoints head of Savings as new CFO
17th Jun 2013 07:04
Financial services giant Legal & General (L&G) has announced a shake-up of senior management, including the appointment of a new Chief Financial Officer (CFO), as part of a new structure to reflect 'ongoing strategic evolution', the company said on Monday. Mark Gregory, who is currently Chief Execu
Read moreLondon midday: Financials pull markets lower after Hester exit from RBS
13th Jun 2013 11:38
Uncertainty regarding central-bank stimulus, reductions in global growth forecasts and the surprise departure of the head of one of the UK's biggest domestic banks prompted a sell-off on the FTSE 100 on Thursday, as volatility continued on markets across the globe. London's benchmark index slumped
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreLegal & General completes acquisition of Cofunds platform
23rd May 2013 07:40
Legal & General Group has completed the acquisition of Cofunds by purchasing the remaining 75 per cent of its share capital, according to an update issued by the group on Thursday. The acquisition valued Cofunds at £175m and Legal & General said that it had paid a cash consideration of £131m. Th
Read moreLondon close: Stocks gain after ECB rate cut, US data
2nd May 2013 16:32
After a subdued start, the FTSE 100 ended Thursday's session in a volatile fashion as traders digested an underwhelming interest-rate cut from the European Central Bank (ECB), comments from Mario Draghi and better-than-expected economic data from the States. The ECB did what was expected at midday
Read moreLondon midday: Markets subdued as eyes turn to ECB
2nd May 2013 11:18
Markets were trading within a narrow range on Thursday as traders refrained from taking risk ahead of a potential rate cut from the European Central Bank (ECB) this afternoon. The consensus forecast is for a 25 basis-point cut in the ECB's key lending rate (the 'refi' rate) from 0.75% to 0.5%, give
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