London open: Spanish downgrade weighs on sentiment
27th Apr 2012 08:41
- S and P downgrades Spain - UK consumer confidence misses estimates - Banks, miners lead the downside in London The FTSE 100 opened cautiously on Friday morning looking like it could snap a three-day winning streak, with banking and mining blue chips providing a drag on the back of concerns over t
Read moreMitie in partnership with Lloyds Banking
26th Apr 2012 13:37
Outsourcing and energy services company Mitie has agreed a partnership to deliver facilities management services for Lloyds Banking Group. The contract, which has been signed for a five-year term, has a possible one-year extension period, with an expected value of around £155m per annum. Mitie wi
Read moreThursday broker round-up - UPDATE
26th Apr 2012 08:36
Admiral: Oriel Securities retains sell rating and 740p target. AstraZeneca: Panmure Gordon maintains buy rating and 3,600p target. Barclays: Nomura reiterates neutral rating and 268p target; Exane BNP Paribas keeps outperform rating and 300p target; Oriel Securities keeps buy rating and 285p targe
Read moreLondon midday: Stocks pare gains after GDP data
25th Apr 2012 11:54
- Footsie gains despite GDP data - Draghi continues to see downside risks - ARM rises on Apple earnings, broker upgrades After a strong start, the FTSE 100 index pared gains in mid-morning trade following some gloomy economic data that showed that the UK fell back into a 'technical' recession in th
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreLondon midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
Read moreLondon close: Economic data and political uncertainty sink stocks
23rd Apr 2012 17:03
- PMI data disappoints - Markets dragged down by European politics - Miners, Prudential, IAG lead fallers on Footsie Global stock markets were under heavy selling pressure on Monday as some gloomy economic data and political uncertainty in Europe weighed on sentiment. London's FTSE 100 index droppe
Read moreLondon close: Footsie finishes higher on strong macro data
20th Apr 2012 16:21
- German Ifo and UK retail data lifts sentiment - Financials and miners make strong gains in London - Strong start on Wall Street, GE and Microsoft beat forecasts After some better-than-expected economic data spurred a rise for the FTSE 100 this morning, the blue chip index held on to gains in the
Read moreFTSE 100 movers: Lloyds is over the worst, Investec says
20th Apr 2012 14:57
Banking group Lloyds was on the rise ahead of results on May 1st, helped by a buy recommendation from Investec. "Return on equity recovery will be painfully slow, but (whisper it quietly) the worst looks to be behind us now," the broker said. Financials were performing strongly by lunchtime with
Read moreLondon midday: Economic data drives financials higher
20th Apr 2012 11:59
- German Ifo beat expectations - UK retail sales rise strongly in March - Man Group rebounds, IMI higher after update Positive economic data from the UK and Germany cemented gains on Friday morning ahead of what is expected to be a bright start for US stocks with futures on the up after a barrage o
Read moreLondon open: Stocks rise after Germany Ifo data
20th Apr 2012 08:38
- German Ifo index better than expected - IMI rises strongly after first-quarter update - SuperGroup plummets after profit warning London's blue chip index was trading slightly higher on Friday morning after a better-than-expected reading of Germany sentiment. SuperGroup was a heavy faller on the F
Read moreFriday broker round-up
20th Apr 2012 08:25
ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept. Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept. IMI: Investec maintains buy rating, 1,180p target under review. Intermediate Capita
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
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