London close: Financials, miners benefit from increase risk appetite
22nd May 2012 16:47
-Risk-on as miners and financials advance -Eurobonds in focus ahead of EU summit -OECD cuts Eurozone GDP forecast The FTSE 100 surged to its highest levels of the day on Tuesday as increased risk appetite bolstered gains for financial and mining stocks. Investors were looking ahead to tomorrow's EU
Read moreLondon open: Footsie jumps one per cent early on
22nd May 2012 08:45
- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on London's blue chips surged in early morning trading on Tuesday as stocks continued to rebound following a poor performance last week ahead of an eagerly awaited summit of European leaders tomorrow
Read moreLondon close: Footsie battered again
18th May 2012 16:53
Footsie finished not far off its low for the day after a lunch-time rally fizzled out. With speculation rife in Spain that a ban on short-selling stocks might be reintroduced, holders of stock in UK banks Lloyds, Royal Bank of Scotland and Barclays could be forgiven that might not be such a bad id
Read moreJD Wetherspoon founder gets some more in
18th May 2012 15:37
Tim Martin, non-executive chairman of JD Wetherspoon, the pub group, has bumped up his stake in the company. In one hell-of-a-large round, he bought around £2.5m-worth of shares in the popular pub chain. Martin, who founded the business in 1979 and took on the role of chairman four years later, b
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreFTSE 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
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