London 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
Read moreMonday 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
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