London 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
Read moreBroker snap: 'Buy' Legal & General, recommends Nomura
6th Mar 2013 12:16
Financial services giant Legal & General may be trading a premium to its peers, but Nomura has retained its 'buy' recommendation for the stock following a 'decent' set of results for 2012. The insurance, pensions and investments firm reported full-year results on Wednesday that were broadly in line
Read moreLondon midday: Stocks hold on to recent gains
6th Mar 2013 11:56
Well-received results from a number of heavyweight stocks and M&A speculation surrounding Vodafone pushed the FTSE 100 firmly into positive territory on Wednesday morning, pushing the index to fresh multi-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 200
Read moreLondon open: Footsie extends gains as Vodafone jumps
6th Mar 2013 08:58
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 2007, before the financial crisis ripped through
Read moreLondon pre-open: FTSE to extend Tuesday's gains
6th Mar 2013 07:29
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,432, extending Tuesday's gains into near record territory, buoyed by an all time high recorded on the Dow Jones Industrials index in the US last night. UK stocks have been propelled upwards by a combination of c
Read moreLegal & General hikes divi as sales hit record - UPDATE
6th Mar 2013 07:03
Legal & General (L&G), the FTSE 100-listed financial services group, hiked its dividend by a fifth after a strong rise in profits and record sales in 2012. The company proposed on Wednesday to pay shareholders a final dividend per share (DPS) of 5.69p, up 20% from the 4.74p paid out in 2011. This b
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLegal & General agrees huge insurance deal with BAE Systems
21st Feb 2013 07:33
FTSE 250-listed financial services company Legal & General has put in place a longevity insurance arrangement for defence and aerospace company BAE Systems' 2000 Pension Plan. The deal is the largest such arrangement ever completed in the UK. The arrangement insures the plan against the financial
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read more