Tuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
Read moreLondon close: Markets shrug off decent showing by banks
7th Jan 2013 16:35
- Traders take profits after recent surge - European banks on Basel III developments - Investors looking ahead to central bank decisions After registering impressive gains last week, stocks across Europe pulled back on Monday with investor taking profits as fourth-quarter earnings season gets into
Read moreLondon midday: Traders take profits after recent surge
7th Jan 2013 11:41
Strong gains in the banking sector weren't enough to lift the FTSE 100 into positive territory on Monday morning, as London's benchmark index pulled back from its near two-year high on Friday. "Stock markets in Europe have surrendered early morning slim gains as the temptation to book profits on ma
Read moreBroker snap: Investec reviews insurance sector after Retail Distribution Review
7th Jan 2013 10:56
Investec has labelled St James's Place and Standard Life as its top 'buys' as part of its review the insurance sector. Meanwhile, it has upgraded its rating for Legal & General (L&G) from 'sell' to 'hold' and downgraded RSA from 'hold' to 'sell'. "The outlook in the UK is clouded by the introduct
Read moreLondon open: Footsie pulls back despite strong showing by banks
7th Jan 2013 08:15
After hitting a near two-year high the previous trading session, profit-taking meant that the FTSE 100 opened slightly lower on Monday morning. This was despite relative strength in the banking sector on the back of some better-than-expected news on regulation. The FTSE 100 finished Friday at 6,090
Read moreLondon pre-open: Little change expected on FTSE
7th Jan 2013 07:26
City sources predict the FTSE 100 will open down one point from Friday's close of 6,090, ahead of this week's collection of retail results. Sainsbury, Tesco, and Marks & Spencer are all set to deliver their results this week, although brokers have warned it has been a tough Christmas and overall f
Read moreLegal & General improves capital position in the US
7th Jan 2013 07:10
Insurance giant Legal & General said on Monday that it has improved the return on equity (RoE) and profitability of new business within its American subsidiary after completing a further phase of its capital efficiency programme. On December 31st 2012, L&G used a "reinsurance solution" to improve L
Read moreGeronimo Inns MD offloads shares in parent group Young's & Co
18th Dec 2012 17:00
Rupert Clevely, the Managing Director of Young's & Co Brewery's Geronimo Inns division, sold nearly half a million pounds-worth of shares in the pubs group on Tuesday. Clevely, who co-founded Geronimo Inns, sold 62,688 shares in Young's & Co at 701.3573p a pop, earning himself a total of £439,667.
Read moreWednesday newspaper round-up: Pearson, Bank of England, Tesco
7th Nov 2012 07:16
Pearson, the FTSE 100 media group, is planning to explore a sale of the financial daily newspaper within months, Bloomberg reported, so that the company can focus on its fast-growing education division. Dame Majorie Scardino, the chief executive of Pearson, once said famously that the FT would be so
Read moreSector movers: Resolution leads insurers higher after broker upgrade
6th Nov 2012 15:06
Life insurers were performing well on Tuesday afternoon with a host of heavy-hitters on the FTSE 350 providing a lift. Resolution was the standout performer in the sector today after Bank of America Merrill Lynch raised its rating on the stock from 'neutral' to 'buy'. The US broker cited an attract
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreFTSE 100 movers: Lloyds reports progress and pleases investors
1st Nov 2012 15:32
Banking giant Lloyds rose strongly after an 'in-line' third-quarter statement. The lender said that it is making progress despite delivering a statutory loss before tax of £583m for the first nine months of the year, including a further Payment Protection Insurance (PPI) provision of £1bn in the thi
Read moreLondon midday: Stocks rise after flurry of corporate updates
1st Nov 2012 11:50
- Results impress from BT, BSkyB, Lloyds... - Markets await barrage of economic data Stateside - Chinese manufacturing beats expectations Impressive gains from BT Group, Lloyds, BSkyB and Legal & General were lifting the FTSE 100 higher on Thursday, with better-than-expected economic figures from
Read moreLondon open: Heavy hitters impress early on - BT, BSkyB, Lloyds...
1st Nov 2012 08:47
- Results impress from BT, BSkyB, Lloyds... - Chinese manufacturing beats expectations - Footsie gains 0.3 per cent early on Following a sell-off the day before, the FTSE 100 rebounded on Thursday morning with well-received results from blue chip constituents BT Group, BSkyB, Lloyds, Shell and Lega
Read moreLegal & General sales hit record-high in third quarter
1st Nov 2012 07:05
Investments and insurance group Legal & General (L&G) generated record revenues in the third quarter, with UK and US protection sales each rising by around a third. L&G recorded £533m of annual premium equivalents (APE) in the three months to September 30th, up 28% on £418m last year. During the t
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