FTSE 100 movers: BP beats forecasts
30th Oct 2012 15:28
Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreLondon open: Stocks fall as Hurricane Sandy hits the US
29th Oct 2012 08:31
- New York trading suspended - UK equity markets cautious - Financials fall early on The UK stock market started in the red on Monday morning as investors showed caution as Hurricane Sandy hits the east coast of America. Dubbed as the '100-year storm', Hurricane Sandy has prompted the cancellatio
Read moreLondon close: Stocks bounce after US GDP
26th Oct 2012 16:47
- US growth data boosts stock in afternoon trade - Anglo jumps after CEO exit - Pearson rises on Penguin merger speculation The FTSE 100 bounced into positive territory by the close on Friday afternoon, albeit only just, after better-than-expected growth figures from the world's largest economy che
Read moreNine more banks added to LIBOR probe
26th Oct 2012 13:06
Nine more banks are being summoned by US state prosecutors investigating the LIBOR (London inter-bank offered rate) rate-fixing scandal, according to a report in the Financial Times. Subpeonas are believed to have been sent by Eric Schneiderman, New York Attorney-General, and George Jepsen, Connect
Read moreLondon midday: Banks decline on LIBOR probe
26th Oct 2012 11:36
- Markets nervous ahead of US GDP - More banks linked to LIBOR manipulation - German confidence beats forecasts Caution ahead of today's US gross domestic product (GDP) report and news that more banks have been tied to the LIBOR manipulation scandal weighed on European markets on Friday, with the F
Read moreWeek ahead: Banking results and election fever to take centre-stage
26th Oct 2012 09:08
Next week is set to be an extremely busy week, looking at the corporate and economic calendar from home and abroad. Third-quarter UK corporate earnings season really gets into full swing with some heavyweight Footsie constituents scheduled to report, including GlaxoSmithKline, Shell, Smith & Nephew
Read moreLondon open: Stocks decline ahead of US GDP
26th Oct 2012 08:28
- Stocks nervous after US corporate earnings - Markets cautious ahead of US GDP - Anglo advances on CEO exit The FTSE 100 index declined in early trading on Friday as markets showed caution ahead of a pivotal gross domestic product (GDP) report due out in the US this afternoon. The report, schedul
Read moreFTSE 100 movers: ARM in top spot on yesterday's ace results
24th Oct 2012 14:54
Chip designer ARM Holdings continued to make gains after its impressive third-quarter results yesterday. It was announced yesterday morning that the company beat forecasts in the third quarter and gave a confident outlook for the rest of the year. The semiconductor intellectual property group said
Read moreLondon close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreFTSE 100 movers: Miners tank; ARM and Experian gain
23rd Oct 2012 14:34
ARM Holdings and Experian were doing their best lift the FTSE 100 on Tuesday, but it was the miners were pulling the blue-chip index into the red with growth concerns fuelling a move away from 'risk'. Kazakhmys, ENRC, Antofagasta, Anglo American and Rio Tinto were all trading firmly lower this afte
Read moreLondon midday: Miners drag the Footsie lower
23rd Oct 2012 11:41
- Miners dominate fallers on FTSE 100 - ARM and Experian lead the upside - Markets look ahead to FOMC Mining stocks were providing a drag on the Footsie on Tuesday morning as concerns over the global economy spurred a move away from risk; meanwhile, markets remained cautious ahead of a two-day poli
Read moreInstitutions to get first bite in RBS share sale
23rd Oct 2012 11:10
Jim O'Neill, the Chief Executive of the UKFI, which manages the Government's investments in the Royal Bank of Scotland and Lloyds Banking Group, has said that the most likely sales of RBS shares would be a market sale to institutions. The news emerged from UKFI's response to questions asked by the
Read moreBroker tips: Lloyds, Whitbread, Direct Line
23rd Oct 2012 10:53
Credit Suisse has maintained its 'neutral' rating and 31p target price for UK banking group Lloyds ahead of its third-quarter results on November 1st. With the stock trading at 0.6 times 2013 estimated tangible net asset value (tNAV) for a 5-7% return on tangible equity (RoTE), the broker reiterate
Read moreBroker snap: Lloyds to give back some gains, says Credit Suisse
23rd Oct 2012 09:19
Credit Suisse has maintained its 'neutral' rating and 31p target price for UK banking group Lloyds ahead of its third-quarter results on November 1st. The broker expects an 'underlying' pre-tax profit of £580m and a 'management' pre-tax profit of £933m (including £350m of fair value unwind) for the
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