FTSE 100 movers: Miners drop, pushed lower by Jefferies downgrade
17th May 2012 15:22
Mining and financial stocks were providing a drag on the Footsie today, as investors continue to flee from 'risker' assets amidst the global economic uncertainty. Providing further downward pressure on the resources sector was US broker Jefferies after having slashed its target prices for mining sto
Read moreLondon midday: Greek crisis continues to dampen sentiment
17th May 2012 11:59
- IMF tells Greece to stick to austerity - FOMC expresses concerns over euro crisis - Yields rise at Spanish bond auction, again Greek uncertainties, gloomy comments from the US Federal Reserve and rising bond yields in Spain knocked another one per cent off the value of the FTSE 100 on Thursday, a
Read moreBroker tips: Lloyds, Xstrata, Glencore...
16th May 2012 11:07
Investec has maintained its buy recommendation and 40p target price for banking group Lloyds, saying it remains a buyer 'at this level of distress'. "In a somewhat bizarre way, we are comforted by the fact that investors are increasingly dismayed by Lloyds's incredible shrinking 'core' business," t
Read moreBroker snap: Investec stays a buyer of Lloyds
16th May 2012 11:05
Investec has maintained its buy recommendation and 40p target price for banking group Lloyds, saying it remains a buyer 'at this level of distress'. "In a somewhat bizarre way, we are comforted by the fact that investors are increasingly dismayed by Lloyds's incredible shrinking 'core' business," t
Read moreWednesday broker round-up - UPDATE
16th May 2012 08:26
Babcock: UBS raises target from 880p to 950p, buy recommendation unchanged. Barclays: UBS upgrades from neuter lot buy, target cut from 272p to 215p. Cineworld: Merchant Securities maintains buy rating and 244p target. Compass Group: Numis upgrades from add to buy, target left at 750p. Experian:
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreFTSE 100 movers: Banks and miners take a hit
14th May 2012 14:05
Lloyds, Barclays and RBS were the among the worst-performing stocks in London "as investors are concerned about the losses other banks have incurred 'hedging their risk' following the 2bn dollar loss by JP Morgan Chase & Co", Alpari's Erlam said. HSBC was also out of favour after announcing that the
Read moreLondon midday: Footsie down nearly two per cent on Greek uncertainty
14th May 2012 11:51
- Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie The FTSE 100 index traded broadly sideways in morning trade, holding on to the steep losses seen in the opening hour on the back
Read moreNew Co-op deal proposed for Lloyds branches
14th May 2012 09:16
Fresh life has been breathed back into the Co-op's bid to takeover 632 Lloyds branches after reports said a new deal was put to the City Regulator. The Co-op's attempts to win control of Lloyds' "Project Verde" branches had faltered after the Financial Services Authority (FSA) raised questions abou
Read moreLondon open: Stocks sink on Greek exit speculation
14th May 2012 08:33
- Political uncertainty in Greece, Germany weighs on sentiment - Officials consider Greek euro exit - Banks, miners drag on the FTSE 100 European equity markets were a sea of red on Monday morning as continuing concerns over the political situation in Greece fuelled a sell-off early on. The Footsie
Read moreSunday newspaper round-up: Greece, Lloyds, BRICs
13th May 2012 11:38
Greece's deputy prime minister has said the country will run out of money in six weeks unless it honours its bitterly-disputed EU bailout deal. Speaking exclusively to The Sunday Telegraph, Theodoros Pangalos said he was "very much afraid of what is going to happen" after Greek voters rejected the d
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreLondon close: Footsie drops to 2012-low on euro uncertainty
8th May 2012 16:26
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London An early sell-off in New York sent UK stocks reeling on Tuesday afternoon, pushing the Footsie to its lowest closing level in 2012 so far. Political uncertainty in the Eurozone tod
Read more