London midday: Markets rise on upbeat data from China, UK
9th Aug 2013 11:31
Strong data from China and increasing momentum in the UK economic recovery pushed the FTSE 100 into positive territory on Friday, though markets were rangebound as gains were limited ahead of the weekend. The FTSE 100 was trading just 0.2% higher by midday with just 25 points separating the index's
Read moreBroker tips: Lloyds, Aviva, Tesco
9th Aug 2013 11:22
Morgan Stanley has raised its rating for UK banking group Lloyds from 'equalweight' to 'overweight', saying that the company can benefit from a strong housing market while visibility on its payout improves. "We upgrade Lloyds to OW as we are more bullish than most on the outlook for UK housing, whi
Read moreBroker snap: Morgan Stanley upgrades Lloyds on housing and payout potential
9th Aug 2013 09:31
Morgan Stanley has raised its rating for UK banking group Lloyds from 'equalweight' to 'overweight', saying that the company can benefit from a strong housing market while visibility on its payout improves. "We upgrade Lloyds to OW as we are more bullish than most on the outlook for UK housing, whi
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreTuesday newspaper round-up: Bank of Scotland, Washington Post
6th Aug 2013 06:44
The Information Commissioner's office has found private details of dozens of Bank of Scotland customers, including bank statements and passport copies, were repeatedly faxed to wrong numbers for four years, The Times revealed. Washington Post reporters say they were "stunned" to hear that the news
Read moreLondon close: HSBC weighs on markets despite strong data
5th Aug 2013 16:32
Worse-than-expected results from the FTSE 100's largest constituent, HSBC, hit markets hard on Monday though losses were limited by some strong economic data from across the globe. The FTSE 100 finished down 28 points at 6,620. Before HSBC's results were released, services data from the UK, Eurozo
Read moreSector movers: HSBC drags banks lower after H1 disappointment
5th Aug 2013 15:09
Heavy falls by HSBC, the largest listed company by market capitalisation in London, ensured that the banking sector was the worst performer on Monday, despite some impressive gains from smaller peer Lloyds. HSBC, which has a market cap of around £135bn by today's prices, disappointed analysts this
Read moreFTSE 100 movers: Lloyds, Vedanta, IAG
5th Aug 2013 13:04
Lloyds Banking Group's shares surged after Chief Executive António Horta-Osório said he aims to start paying out up to 70 per cent of the bank's earnings in dividends within three years. Vedanta Resources rallied following news the company edged closer to merging two of its Indian subsidiaries afte
Read moreLondon midday: Markets shrug off strong data as HSBC disappoints
5th Aug 2013 11:45
Economic data came in strong on Monday morning but a poor reaction to results from banking giant HSBC was weighing on markets in London with the FTSE 100 erasing its earlier gains by midday. HSBC, the Footsie's largest company by market capitalisation (around £135bn by today's prices), disappointed
Read moreLloyds to start 70 per cent dividend payout
5th Aug 2013 10:08
Lloyds Banking Group's shares surged after Chief Executive Antonio Horta-Osorio said he aims to start paying out up to 70 per cent of the bank's earnings in dividends within three years, according to the Financial Times. The dividend target comes as Horta-Osório tries to attract investors ahead of
Read moreLondon open: Stocks rise after China services data
5th Aug 2013 08:27
Markets opened with solid gains on Monday morning on the back of decent data from China, as sentiment recovered after a disappointing US jobs report last week. With US non-farm payrolls coming in below expectations on Friday, it has now sparked hopes that the Federal Reserve could delay tapering st
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreMonday newspaper round-up: RBS, Co-op Bank, Lloyds
5th Aug 2013 06:41
The UK government is considering plans to invest a further 1.5bn pounds into Royal Bank of Scotland if a review it commissioned recommends the state-backed lender be split into a 'good bank' and 'bad bank', The Telegraph reported. The Co-operative Bank has left renewable energy developers in the l
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