Broker tips: UK banks, SIG, William Hill
18th Jun 2012 12:37
Despite last week's announcement of stimulus measures for UK banks, Nomura has maintained its 'neutral' rating on the sector, saying that the outlook for lenders is still difficult. "While in the near term banks will be driven by risk appetite, sovereign risks and de-leveraging, we continue to see
Read moreLondon midday: Stocks edge higher despite euro uncertainty
18th Jun 2012 11:49
- Markets digest Greek elections - Spanish bond yields above seven per cent - Barroso expects coalition to be formed 'swiftly' An underwhelming outcome to the Greek elections and surging bond yields in Spain saw the Footsie swing between gains and losses on Monday morning; by lunchtime, the blue ch
Read moreConsumer spending power keeps dropping
18th Jun 2012 10:49
Consumers had 34 pounds less to splash on discretionary items in May compared with the same time last year as household budgets continued to get squeezed. The 0.3% decline in spending power highlighted conditions for consumers remain tough due to wages not keeping up with inflation. The survey by
Read moreBroker snap: Nomura stays cautious about UK banks
18th Jun 2012 09:50
Despite last week's announcement of stimulus measures for UK banks, Nomura has maintained its 'neutral' rating on the sector, saying that the outlook for lenders is still difficult. During the Mansion House speech on Thursday night, authorities announced two key measures to reduce the cost of fundi
Read moreLondon open: Stocks underwhelmed by Greek elections
18th Jun 2012 08:43
- Early gains erased as investors digest Greek elections - New Democracy wins slim majority - Miners, financials provide a drag on the Footsie After a strong rise on the back of the weekend's crucial elections in Greece, stocks pared early gains as uncertainty still remains over the country's futur
Read moreMonday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
Read moreSunday share tips: Renew Holdings, City of London Group, Banks
17th Jun 2012 12:38
Maintenance work might not be glamorous, but in times of austerity a business whose work comes in regardless of economic conditions stands out from the crowd. Misunderstood Renew Holdings is widely associated with its 200-year history in construction, but this is misguided as the company is focused
Read moreLondon close: All eyes turn to Greece
15th Jun 2012 16:52
London's top-share index peaked at 5,523 shortly after 10:00 and even fell into the red in the afternoon session just after 15:00 before rallying to close with a modest gain. The fast start was prompted by two things, both relating to banks. The first was reports that central banks stand ready to
Read moreFTSE 100 movers: Banks leap on BofE decision
15th Jun 2012 15:02
Royal Bank of Scotland, Lloyds Banking and Barclays were all sent soaring on Friday after banks reacted positively to the initiatives from the the UK government and the Bank of England to help banks grease the wheels of British commerce. Chancellor George Osborne said the plan, which reports have va
Read moreLondon midday: More QE could be on the way
15th Jun 2012 12:12
After a bright start on the back of the initiative announced last night to get British banks lending, equities have moved into consolidation mode ahead of this Sunday's big election in Greece. Meanwhile, the failure of last week's Spanish banking hand-out to put an end to the Eurozone crisis appear
Read moreUK banks lifted by new stimulus
15th Jun 2012 09:27
The UK government and the Bank of England have announced multi-billion pound plans to get banks lending more to companies. The move comes as the UK economy has stalled, with recent indicators pointing to the country remaining in recession for a third quarter. Chancellor George Osborne said the pla
Read moreLondon open: Banks buoyed by BoE initiative
15th Jun 2012 09:23
London's leading shares have opened firmer, encouraged by reports that the world's central banks stand ready to act should financial markets freeze up next week in the wake of Greece's general election on Sunday. Global monetary authorities are ready in the event that liquidity is required to ensur
Read moreSainsbury CFO keeps the faith as shares slide
13th Jun 2012 15:41
Sainsbury's Chief Financial Officer John Rogers bought £50,000-worth of shares in the firm on the same day the company unveiled a disappointing period of trading. Like-for-like (LFL) sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations
Read moreSector movers: Increased risk benefits banks, miners
12th Jun 2012 19:34
Banks and miners were making gains on Tuesday as risk appetite increased on the back of hopes that the Federal Reserve (Fed) may announce further stimulus next week at its policy meeting. Chicago Fed President Charles Evans today threw his weight behind the central bank kick-starting the world's la
Read moreLondon open: Stocks flat on euro uncertainty
12th Jun 2012 08:40
- Markets still digesting Spanish request for aid - Investors look ahead to Greek elections, Italian bond auction - Miners and banks drop early on London's blue-chip index opened flat on Tuesday morning with all eyes on the Eurozone following the recent Spanish request for aid and ahead of the cruc
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