Aberdeen Asset Management buys Lloyds business
18th Nov 2013 07:06
Aberdeen Asset Management has agreed to buy Lloyds Banking Group's European asset business Scottish Widows Investment Partnership Group (SWIP). The company will acquire SWIP and its related private equity and infrastructure fund management businesses for £550m. The acquired business includes the
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreLondon close: Financials bolster markets on quiet day
11th Nov 2013 16:30
- Banks gains on quiet day for financial markets - Media stocks in focus after BT-UEFA dea - 'Lack of overall volatility', says analyst techMARK 2,640.62 +0.01% FTSE 100 6,728.37 +0.30% FTSE 250 15,420.36 +0.51% Strong gains in the heavyweight financial sector pushed the FTSE 100 into positive ter
Read moreFTSE 100 movers: BSkyB and ITV hit by BT's big win
11th Nov 2013 14:42
In a major blow to BSkyB and ITV, telecoms group BT confirmed that it has won the exclusive rights to broadcast live the UEFA Champions League and UEFA Europa League for three seasons. This is the first time a single UK broadcaster has won the rights to all matches from both tournaments; Sky and ITV
Read moreLondon midday: Financials offset falls from BSkyB, RSA
11th Nov 2013 11:44
- Markets rise but BSkyB and RSA limit upside - Media stocks in focus after BT-UEFA deal - Investors continue to speculate about Fed taper techMARK 2,646.21 +0.22% FTSE 100 6,725.09 +0.25% FTSE 250 15,395.41 +0.35% Decent gains in the financial sector helped UK markets higher on Monday morning, th
Read moreSunday newspaper round-up: Serco, Energy companies, Economic growth
10th Nov 2013 17:04
Serco will warn on November 14th that it will not meet forecasts for annual profits, the Sunday Times reported. The outsourcing company has been hit by Government allegations of fraud in contracts to tag prisoners. Investors had expected Serco to report annual profits of about £326m but analysts now
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreLondon midday: Stocks lower as MPC holds rates, investors await ECB
7th Nov 2013 11:17
- MPC votes to maintain rates, QE - ECB meeting in focus, rate cut eyed - US GDP, jobless claims on tap this afternoon techMARK 2,649.04 -0.17% FTSE 100 6,725.81 -0.24% FTSE 250 15,423.36 +0.13% UK stocks were trading in the red on Thursday morning as investors adopted a cautious approach ahead of
Read moreLloyds Banking Group launches internal probe into currency trading
6th Nov 2013 14:15
Lloyds Banking Group has launched an internal investigation into its own foreign exchange trading after regulators began looking into allegations of manipulation in the market. The bank said it would report anything it discovers to the authorities and cooperate accordingly. "We are aware that a
Read moreLondon close: Financials lead markets lower as RSA sinks
5th Nov 2013 16:22
- UK services growth accelerated in October - European Commission downgrades Eurozone growth - RSA leads financials lower after gloomy update techMARK 2,647.46 -0.14% FTSE 100 6,746.84 -0.25% FTSE 250 15,367.61 -0.65% UK markets finished slightly lower on Tuesday as upbeat domestic economic data w
Read moreFTSE 100 movers: M&S cheers despite falling profits
5th Nov 2013 15:07
Marks & Spencer saw underlying pre-tax profit fall 8.9 per cent to 261.6m pounds in the first half of the year, but since this was not as bad as many analysts were expecting, the stock registed strong gains. The retailer has been investing heavily in the business, incurring extra costs during the
Read moreSector movers: Financials fall as RSA gives gloomy update
5th Nov 2013 13:45
The insurance and banking sectors were out of favour on Tuesday, providing a drag on markets with RSA the standout faller after disappointing the market with a third-quarter update. In a earlier-than-expected statement, the company warned that weather-related losses would be greater than expected t
Read moreLondon midday: RSA, financials drag markets lower
5th Nov 2013 11:37
- RSA, G4S, banks lead losses - M&S, Imperial, miners provide some support to markets - UK services growth accelerated in October techMARK 2,636.31 -0.57% FTSE 100 6,723.10 -0.60% FTSE 250 15,367.18 -0.65% A gloomy update from insurance firm RSA and heavy falls across the wider financial sector we
Read moreLloyds reports third quarter loss as PPI bill tops 8bn pounds - UPDATE
29th Oct 2013 09:15
- Takes additional 750m pound PPI hit - Q3 statutory loss of 440m pounds - Underlying Q3 profits up 83 per cent Lloyds Banking Group reported a pre-tax loss in the third quarter after it put aside another 750m pounds to cover the cost of payment protection insurance (PPI) claims. The additional pr
Read moreLondon pre-open: Flat start for FTSE ahead of US Fed meeting
29th Oct 2013 07:32
City sources predict the FTSE 100 will open just one point higher than yesterday's close of 6,725.82, ahead of the release of important US data and as the Federal Reserve begins its two-day policy meeting. Both retail sales and consumer confidence figures in the US will be released later today, wi
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