London open: Markets fall as Fresnillo leads miners lower
6th Aug 2013 09:10
Weakness in the mining sector saw the FTSE 100 fall into the red for the third straight day on Tuesday after some disappointing results from precious metals miner Fresnillo. Asian markets had a mixed session overnight as traders reacted an interest-rate cut in Australia. The Reserve Bank of Austral
Read moreLondon pre-open: Small losses expected early on
6th Aug 2013 07:26
UK stocks are expected to open with small losses on Tuesday as markets digest a rate cut in Australia and comments by a member of the Federal Reserve last night. As expected, the Reserve Bank of Australia made a 25 basis-point reduction to its headline lending rate to 2.50% and said "the inflation
Read moreLegal & General lifts divi after strong first half
6th Aug 2013 07:18
Financial services group Legal & General hiked its interim dividend by 22 per cent after a solid performance in the first half with double-digit growth in sales, cash generation and profits. The dividend was hiked to 2.4p per share, up from 1.96p per share in the first half of 2012. Chief Executiv
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreTuesday preview: Legal & General, Standard Chartered report
5th Aug 2013 13:42
Legal & General Group (L&G) will unveil its half-year results on Tuesday after declaring that it wants to increase its investment in Britain's infrastructure. The financial services company signalled a £12bn boost to the UK economy, saying it wants to raise investment in infrastructure from £3.0bn
Read moreSunday newspaper round-up: L&G, RBS, FTSE
4th Aug 2013 16:13
Legal & General plans a massive boost to its investment in UK infrastructure over the next 10 years, the Sunday Telegraph reported. The insurer wants to increase its funding of industries such as transport, building and energy from £3bn to £15bn over the period. Chief Executive Nigel Wilson said ret
Read moreLondon close: FTSE 100 near seven-week high
15th Jul 2013 16:28
Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read moreBroker snap: Nomura names Prudential as top pick in UK life sector
12th Jul 2013 10:45
Nomura has upgraded its rating for insurance and financial services group Prudential by two notches from 'reduce' to 'buy', labelling it as its favoured choice in the UK life sector. In a research report on the wider sector, the broker said that Aviva's dividend earlier in the year has brought 'cas
Read moreFriday 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
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