Monday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreLondon open: Markets drop on Eurozone debt concerns
23rd Jul 2012 08:25
- Banks and miners dent the Footsie - Eurozone concerns dampen sentiment - Spanish 10-year bond yield at 7.556 per cent European stocks dropped sharply on Monday morning as concerns about the Eurozone debt crisis provoked fear on equity markets. London's Footsie lost 1.5% of its value in the openi
Read moreSunday share tips: Rentokil, Lloyds,Vodafone
22nd Jul 2012 21:23
Rentokil is due to release its second-quarter results early in August and the market will be interested in just one thing - has City Link been sorted out? Rentokil's other two main divisions - the pest control business and its textile hire and cleaning services division - are both robustly profitabl
Read moreLondon close: Corporate earnings provide a boost
19th Jul 2012 16:59
- Markets lifted by a series of upbeat earnings - IMF urges Britain to do more - Economic data from the US maybe not as weak as it appears A barrage of upbeat earnings reports from some heavyweight stocks across the US and Europe lifted sentiment today, sending the Footsie to its highest closing le
Read moreFTSE 100 movers: A tale of two companies, Vodafone and Hermes
19th Jul 2012 14:36
Natural gas group BG was under the weather after Credit Suisse downgraded the stock to 'neutral' and cut its target price from 1,660p to 1,500p. Shares in Vodafone have moved into the second to worst spot on the top share index after it became known that Verizon Communications´s conference call ag
Read moreLondon midday: Markets celebrate global corporate earnings
19th Jul 2012 11:45
- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
Read moreLondon open: Footsie edges higher, but Kingfisher falls
19th Jul 2012 08:23
- Kingfisher leads fallers on the Footsie - Upbeat European earnings lift sentiment - Fed says US expanding at 'modest to moderate' rate UK stocks edged higher in early trading on Thursday on the back of some upbeat earnings reports from heavyweight European stocks AkzoNobel, Sandvik and Novartis.
Read moreLondon pre-open: FTSE to track US and Asian stocks higher
19th Jul 2012 07:41
City sources predict the FTSE 100 will open up 12 points from yesterday's close of 5,686, tracking gains in the US and Asia. Signs of life in the US housing market and further pledges from the Federal Reserve Chairman to provide more stimulus measures should the US economy need it encouraged investo
Read moreLloyds and Co-op agree on a price for Verde branches
19th Jul 2012 07:04
Project Verde, the code name for Lloyds Banking's enforced sale of hundreds of its branches, is close to completion after the part-nationalised lender signed non-binding heads of terms with the Co-operative Group, which wants to buy the branches. The Co-operative Group (Co-op) will pay Lloyds an in
Read moreSector movers: Miners suffer after Wen's comments
16th Jul 2012 15:20
Risk aversion saw the mining, personal goods and banking sectors fall on Monday as concerns over the global economic outlook saw investors flee for safety. Mining peers Kazakhmys, Randgold, Vedanta Resources and Polymetal were among the worst performers on London's benchmark index after Chinese Pre
Read moreAnother 11 banks hit by LIBOR scandal
13th Jul 2012 09:21
The LIBOR rate fixing scandal is spreading like wildfire just a few hours after it was revealed that US Secretary of the Treasury Tim Geithner wrote to the Bank of England back in 2008 regarding concerns about the possible distortion of the London Interbank Offered Rate (LIBOR) - the rate at which b
Read moreCo-op to get Lloyds branches for a song
13th Jul 2012 08:14
Lloyds Banking Group is close to offloading 632 of its branches at a bargain price to the Co-operative Group, according to newspaper reports. The Financial Times (FT) reports that hopes the part-nationalised lender would pocket around £1.5bn for the branches have gone up in smoke. According to the
Read moreThursday newspaper round-up: Corn, Barclays, Lloyds
12th Jul 2012 07:07
The heatwave that has had much of the United States sweltering this summer is expected to cause severe damage to crop production in the US Midwest and push up food prices across the globe. The US Department of Agriculture cut its estimate for the corn crop yesterday by 12 per cent in response to a d
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
Read moreLondon midday: Footsie pares losses but still in the red
11th Jul 2012 11:33
- Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later The FTSE 100 had pared some of its earlier losses but was still trading firmly in the red by Wednesday lunchtime with a disappointing trading update from
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