FTSE 100 movers: Miners and financials lead the way
30th Jul 2012 14:23
The banking and resources sectors were among the best performers on Monday as risk appetite increased on the back of stimulus hopes. Barclays, RBS, ENRC and Xstrata were high risers by mid-afternoon. Global banking group HSBC was along among them after seeing an 11% rise in reported pre-tax profit
Read moreLondon close: Stocks rally as euro leaders vow to battle crisis
27th Jul 2012 16:59
- Merkel, Hollande pledge lifts markets - Bundesbank still opposed to ECB bond-buying - Barclays surges after half-year beat Markets rocketed on Friday afternoon after European leaders showed their commitment to protect the Eurozone and US economic data beat expectations. German Chancellor Angela
Read moreSector movers: Barclays provides a lift to the banking sector
27th Jul 2012 16:01
Banks were among the best performing stocks on Friday afternoon, helped by the well-received interim results from Barclays and some reassuring remarks by European officials about the debt crisis. Underlying pre-tax profits came in at £4.2bn, 11% ahead of consensus estimates, with investment banking
Read moreFriday newspaper round-up: Greece, Facebook, Oil companies
27th Jul 2012 06:58
Greek leaders struggled to agree on required budget cuts yesterday as Citigroup raised the probability of the country's exit from the euro to 90 per cent. The leaders of the three parties in the new coalition Government met for three hours in a session at which they were meant to sign off on a plan
Read moreLondon close: Markets surge on Draghi's euro pledge
26th Jul 2012 16:48
- Stocks surge on comments from ECB head - Peripheral bond yields drop - Rolls, ITV and Unilever lead gainers on Footsie Mario Draghi's pledge to do whatever it takes to save the euro saw stocks worldwide rocket toda,y as markets attempt to regain lost ground from the steep sell-off earlier this we
Read moreBroker snap: Nomura stays negative on Lloyds as core shrinks
26th Jul 2012 11:14
Nomura has reiterated its 'reduce' rating and 35p target price for UK banking group Lloyds, saying that the core business are shrinking. "The Lloyds interim results and the key features were similar to our expectations and we expect these trends to be mirrored by other UK banks and to be sustained
Read moreLondon open: Footsie opens flat after a flurry of results
26th Jul 2012 08:31
- Stocks mixed after a ton of results - Rolls and Reed Elsevier up; Shell and BG down - Eurozone concerns still weigh on sentiment The Footsie opened broadly flat on Thursday morning on the back of a mixed reception to a barrage of quarterly and half-year results from a mass of heavyweight blue chi
Read moreMis-selling provisions keep Lloyds in the red
26th Jul 2012 08:01
Part-nationalised lender Lloyds Banking Group is setting aside yet more money to cover possible pay-outs relating to the mis-selling of payment protection insurance (PPI) schemes, meaning it stayed in the red at the half-year stage. The group reported a statutory loss per tax of £439m for the first
Read moreBig caps round-up: Shell, Lloyds, BG Group ...
26th Jul 2012 07:30
An extraordinary number of FTSE 100 companies released updates on Thursday morning. This is a round-up of the key points for each. AstraZeneca: Revenue for the second quarter was $6,660m, down 18% at constant exchange rates (CER). Core earnings per share (EPS) was $1.53 in the second quarter, a 6%
Read moreLondon pre-open: FTSE to regain some of its recent losses
26th Jul 2012 07:26
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,498, tracking gains in the US and Asia. On Wednesday the index closed almost flat, following a far worse than expected GDP figure for the June quarter, news which counter-balanced any positive effect from comments b
Read moreLondon close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read moreBroker tips: UK banks, Carpetright, Dragon Oil
24th Jul 2012 10:49
Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise. The broker labels Barclays (target price of 240p) as a "key value play" and its top pick in the sector. M
Read moreBroker snap: Investec positive on UK banks ahead of results reason
24th Jul 2012 09:55
Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise. "With limited scope for negative surprise on impairments and with a predictable weak outlook for revenues
Read moreLondon open: Market extends losses on euro worries
24th Jul 2012 08:29
- Footsie continues to fall as Spanish yields rise - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Miners, banks provide a drag in London - Moody´s criticizes gradualist approach to crisis resolution - Goldman Sachs AM President calls for radical ECB action -BBC UK stocks edged
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