FTSE 100 movers: IAG rises following IATA stats and buy reiteration
18th Oct 2012 15:09
Shares in IAG got a boost after international trade body the IATA announced that much of August's rise in premium passenger numbers came from the North Atlantic, where British Airways, an airline owned by IAG, dominates. The firm was also boosted by Investec's decision to reiterate its buy recommend
Read moreBroker snap: Investec downgrades Lloyds to 'sell'
18th Oct 2012 11:38
With Lloyds Banking Group trading at a 12-month high, Investec has downgraded its rating for the stock from 'hold' to 'sell' and recommends investors to 'seek refuge' in sector peers Barclays and Standard Chartered, both of which are rated 'buys'. Shares in Lloyds are up a whopping 96% from the low
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreFTSE 100 movers: Miners soaring ahead of Chinese Q3 growth data
17th Oct 2012 15:40
Miners were firmly higher on the FTSE, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to increase demand for commodities. Metals futures were higher for gold, silver, platinum and copper. Chinese Premier Wen Jiabao was quoted as saying th
Read moreRBS leaves asset protection scheme
17th Oct 2012 07:01
The Royal Bank of Scotland is set to leave the government insurance scheme that was set up at the height of the financial crisis to protect the company from collapse. Analysts said this could pave the way for RBS to be sold back into the private sector. It is currently 82%-owned by the UK taxpayer
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 100 movers: Financials, miners jump on increased risk appetite
16th Oct 2012 15:03
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US. Lloyds, Admiral, Royal Bank of Scotland and Barclays were leading financials hig
Read moreLondon midday: Stocks extends gains after German ZEW survey
16th Oct 2012 11:48
- German ZEW index beats forecasts - Markets await results from US blue-chips - Signs of progress in Eurozone lift sentiment UK stocks had held on to gains by Tuesday lunchtime as investors digested some decent economic figures and improving newsflow from the Eurozone. "Financial markets extended
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
Read moreBroker snap: Cancelled branch sale only 'modestly negative' for RBS
15th Oct 2012 09:48
Nomura has maintained its 'reduce' rating and 260p target price for UK banking group Royal Bank of Scotland (RBS) after the news of the cancelled branch sales to Santander. RBS confirmed on Monday morning that Santander UK has pulled out of its greed purchase of 316 of its branches, comprising of R
Read moreFTSE 100 movers: Banks and insurers lifted by Deutsche Bank upgrade
12th Oct 2012 15:50
Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to 'overweight'. However, it was financial services provider Hargreaves Lansdown which topped the leader board in the morning session, after it said it had got off to a "pleasing" start to its new financial year. Hargreav
Read moreSector movers: RBS, Lloyds lift banking sector on FSA decision
10th Oct 2012 17:17
Banking stocks finished strongly on Wednesday after it was revealed that the Financial Services Authority (FSA) has eased certain capital buffers. Banks will now not need to hold extra capital against lending that qualifies for 'Funding for Lending', meaning that loans given under the government's
Read moreLondon close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read moreFSA loosens capital rules for banks
10th Oct 2012 15:33
The Financial Services Authority (FSA) has eased capital buffers for the UK's largest banks, meaning that loans given through the government's 'Funding for Lending' (FLS) scheme can be effectively be classed as risk-free. According to The Financial Times on Tuesday night, the move "puts Britain at
Read moreFTSE 100 movers: Banks top risers after FSA decision
10th Oct 2012 15:22
Banking peers Lloyds and RBS were leading the risers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending. Meanwhile, according to reports this morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investm
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