London open: Stocks fall ahead of Eurozone meeting
12th Apr 2013 08:40
Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreLow & Bonar CEO and Finance Director trade in shares from LTIP
11th Apr 2013 16:13
Steve Good, the Group Chief Executive of materials group Low & Bonar, has sold a significant portion of the 1.4m shares that recently vested under the company's long-term incentive plan. Of these, he sold 908,676, taking his total stake in the company to 919,098. Mike Holt, the group's Finance Di
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreLondon midday: Markets still nervous after Cypriot bailout
26th Mar 2013 11:57
Markets were rangebound on Tuesday morning, making only slight gains, with concerns about Cyprus still very much in focus following the comments made by the head of the Eurogroup yesterday. Following the €10bn deal to bail out Cyprus at the weekend, which involved forcing big losses on uninsured de
Read moreLondon open: Markets flat with focus on Cyprus, US data
26th Mar 2013 08:25
Markets opened more or less flat on Tuesday with sentiment still fragile following the Cypriot bailout and investors showing caution ahead of some key economic data from the US. Durable-goods orders, the S&P/Case-Shiller Home Price Index, new home sales and consumer confidence figures are all due o
Read moreLegal & General acquires Cofunds Holdings
26th Mar 2013 07:28
Legal & General, which provides insurance and investment services, has agreed to acquire a 75 per cent interest in UK fund platform Cofunds Holdings for 131m pounds. Cofunds will be paid for using Legal & General's existing cash resources and will boost the company's digital offering, identified a
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreLondon midday: Banks, miners drop after controversial bailout deal in Cyprus
18th Mar 2013 11:44
Markets were in risk-off mode on Monday morning as fears over the Eurozone debt crisis resurfaced after a deal to bail out Cyprus sparked a run on banks across the country. Banks and miners were bearing the brunt of the sell-off in London after Cyprus' €10bn bailout deal with the Troika - a move in
Read moreLondon open: Fears of Cypriot bank run sink stocks after bailout deal
18th Mar 2013 08:27
Fears of a bank run in Cyprus and contagion across the wider Eurozone sparked a mass sell-off on European stock markets on Monday, as the Eurozone debt crisis rears its ugly head once again. Analysts at UniCredit said in their morning note to clients that markets would be in a "risk-off mood" today
Read moreLondon pre-open: Situation in Cyprus to send FTSE plummeting
18th Mar 2013 07:27
City sources predict the FTSE 100 will open down 121 points from Friday's close of 6,490, tracking Asian markets and the euro lower, as fears over Cyprus escalate. With the country taxing savers' deposits, it has raised fears that this could pave the way for future bailouts in the Eurozone. The n
Read moreLegal & General buys CALA stake from Lloyds
18th Mar 2013 07:10
Financial services giant Legal & General (L&G) has bought a large interest in a major British home builder from Lloyds Banking Group, marking the group's first direct investment of this kind. L&G, which provides protection, annuities, savings and investment management products in the UK, said in a
Read moreFTSE 100 movers: Aggreko tops risers
14th Mar 2013 15:34
Temporary power and temperature control firm Aggreko was the best performer of the day after winning contracts to supply122 MW of gas-fuelled power to utilities in Mozambique and Namibia from its facility at Ressano Garcia in Mozambique, the largest cross-border interim power plant in the world. Jef
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreSector movers: Aviva and Standard Life weigh on insurance sector
7th Mar 2013 14:34
A surprise dividend cut from Aviva meant that the life insurance sector was the worst performing category on Thursday as shares in the UK firm plummeted. The stock was down 11.6% at 318p in afternoon trade after the company swung to a loss after tax of £3.05bn in 2012, compared with a profit of £60
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