London 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 moreBroker tips: Lloyds, Shell, Morrison
1st Nov 2012 11:10
Nomura has maintained its 'reduce' rating and 35p target price for Lloyds, saying that while the bank's third-quarter figures were in line with estimates, they are not going to drive upgrades for the core. Nomura reckons that these results are likely to reassure investors that management plans are
Read moreBroker snap: No core upgrades for Lloyds after in-line Q3, says Nomura
1st Nov 2012 10:38
Nomura has maintained its 'reduce' rating and 35p target price for Lloyds, saying that while the bank's third-quarter figures were in line with estimates, they are not going to drive upgrades for the core. The broker said: "Our first take on Q3 results for Lloyds is that most line items are in line
Read moreThursday broker round-up
1st Nov 2012 09:19
Antofagasta: UBS ups target from 1,080p to 1,100p, sell rating kept. Avocet Mining: Numis downgrades to add, target cut from 130p to 90p; Westhouse Securities downgrades to sell, 1,434p target kept. Bank of Georgia: Seymour Pierce reiterates buy rating and 1,600p target. Barratt Developments: Gol
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 moreLondon pre-open: CBI raises forecasts for UK economy
1st Nov 2012 07:27
City sources predict the FTSE 100 will open up three points from yesterday's close of 5,783, following an indecisive mood on Wall Street, with negative news-flow coming out of the Eurozone initially weighing on sentiment before a late rally saw the S&P Composite index return to square one. Yesterda
Read moreLloyds makes progress despite challenges -UPDATE
1st Nov 2012 07:19
In a third quarter update, Lloyds Bank said it is making progress despite delivering a statutory loss before tax of 583m pounds for the first nine months of the year, including a further Payment Protection Insurance (PPI) provision of 1bn pounds in the third quarter. Legacy issues continue to affec
Read moreThursday preview: Shell, Lloyds
31st Oct 2012 15:49
We have had results from BP this week so an update from Royal Dutch Shell must be imminent, and, sure enough, a third quarter statement is scheduled for Thursday morning. Traditionally, the third quarter is used by Shell to assess the value its assets and take any asset impairment charges, notes To
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreFTSE 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 more