London midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreJP Morgan Chase appoints new Global Head of Regulatory Strategy
11th Jan 2013 10:05
JP Morgan Chase said on Friday Timothy Ryan Jr. will join the company as Global Head of Regulatory Strategy after he retires from the board of Lloyds Banking Group. Ryan will step down from Lloyds on April 18th before starting at the UK financial services company. "Tim has been on our board for th
Read moreLondon open: Markets cautious after Chinese inflation figures
11th Jan 2013 08:24
UK markets opened tentatively on Friday morning, making only slight gains as investors digested inflation data in China and economic stimulus in Japan. Chinese inflation rose to 2.5% in December as cold weather resulted to a increase in food prices. "While the figure remains well below the inflatio
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreLondon midday: Stocks flat as BoE holds rates
10th Jan 2013 11:22
The Footsie was trading broadly flat on Thursday morning despite some decent trade data from China and solid debt auctions in the Eurozone, as investors kept a close eye on central bank decisions. At midday, the Bank of England announced that it has kept its official Bank Rate at 0.5% and its asset
Read moreLondon open: Stocks flat after hitting multi-year high
10th Jan 2013 08:20
The FTSE 100 opened flat on Thursday morning after hitting a near four-year high the day before, with economic data from China and well-received results from Tesco providing some support early on. The Footsie finished at 6,099 on Wednesday, its highest closing level since May 22nd 2008. Chinese tr
Read moreThursday newspaper round-up: M&S, Apple, Chinese trade...
10th Jan 2013 07:02
Marks & Spencer was thrown into chaos on Wednesday night after it rushed out worse than expected Christmas trading figures because they had been partially leaked, intensifying the scrutiny of chief executive Marc Bolland. M&S said that like-for-like sales in general merchandise, primarily clothing,
Read moreLondon close: Index closes at highest level since 2008
9th Jan 2013 16:33
UK markets closed significantly higher on Wednesday, up 45 points equal to 11.41bn pounds, with the index closing at its highest level since May 22nd 2008. The gains were led by banking stocks after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of co
Read moreBroker tips: Lloyds, RBS, African Barrick Gold
9th Jan 2013 14:59
"The UK is over its experiment of combining fiscal and monetary austerity," sentenced analysts at Swiss broker UBS this morning. So much so in fact that in their opinion the incoming Bank of England governor's openness to monetary policy innovation may not even need to be tested if, as they expe
Read moreFTSE 100 movers: Banks soar on UBS upgrade
9th Jan 2013 14:53
Banks were leading the risers on Wednesday after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of combining fiscal and monetary austerity'. The broker revised its price target on Lloyds to 60p (from 50p), for Barclays to 315p (from 255p) and RBS to 410
Read moreBroker snap: UBS hikes targets for Lloyds,Barclays and RBS
9th Jan 2013 13:24
"The UK is over its experiment of combining fiscal and monetary austerity," sentenced analysts at Swiss broker UBS this morning. So much so in fact that in their opinion the incoming Bank of England governor's openness to monetary policy innovation may not even need to be tested if, as they expe
Read moreLondon midday: Carney's innovations no longer needed, UBS says
9th Jan 2013 12:42
It is often the case that one year's underperformers in the stock market are the next year's best, but no so year-to-date. Thus, the main high street banks' shares are leading gains today after analysts at UBS pulled out their spread sheets this morning and raised their price targets for the main Hi
Read moreBroker snap: UBS upgrades Lloyds to buy
9th Jan 2013 11:45
Analysts at UBS believe that Lloyds is set to deliver rising margins, falling costs and falling provisions, over the next few years, which should provide a very strong upswing to profitability and EPS momentum. Arguing in favour of the above, they think that the future regulatory agenda will be les
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
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
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