Sunday newspaper round-up: FTT, GDP, Vodafone
21st Apr 2013 18:15
The Chancellor has launched legal action to block the European Union-wide levy on financial transactions (FTT) which traders fear could have a devastating impact on the City. More specifically, Osborne is worried by the fact that the levy will apply even to those countries who opt out of the agreeme
Read moreLondon close: Resource-heavy FTSE 100 lifted by slowing Chinese inflation
9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read moreFTSE 100 movers: Miners get boost from Alcoa and Chinese inflation
9th Apr 2013 14:31
Strong results from mining heavyweight Alcoa and slowing inflation in China were lifting resource stocks in London today, with ENRC, Vedanta, Rio Tinto, EVRAZ and Anglo American all making strong gains. The latter's shares were also lifted after the miner reported it would produce three per cent m
Read moreBroker tips: Banks, Asset managers, Next
5th Apr 2013 10:41
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreBroker snap: Investec upgrades HSBC to 'buy', but prefers StanChart
5th Apr 2013 10:28
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreSunday newspaper round-up: RBS, Cyprus, Bedroom-tax
31st Mar 2013 16:26
It is understood that Royal bank of Scotland (RBS) will make even deeper cuts to its investment banking wing in an effort to meet the Bank of England's (BoE's) new financial policy committee's (FPC) target. The FPC last week called on lenders to raise 25bn pounds in new capital to offset any potenti
Read moreThursday newspaper round-up: Great Western, BP, Centrica...
28th Mar 2013 06:52
The Telegraph says that four of the UK's largest train operators - Arriva, FirstGroup, National Express and Stagecoach - have dropped lawsuit worth 40m pounds against the government to recover costs during the franchises process for Great Western that was scrapped earlier this year. The Clair proje
Read moreLondon close: Stocks weighed down by Eurozone concerns
27th Mar 2013 17:31
Political wrangling in Italy and uncertainty in Cyprus resulted in a volatile day for London's FTSE 100 index on Wednesday, though stocks bounced well off their lows in afternoon trade. The Footsie dropped to an intraday low of 6,344 at midday, but had recovered to 6,388 by the close, tracking a sl
Read moreBroker snap: Citi reiterates buy on Lloyds Banking Group
27th Mar 2013 14:17
Lloyds Banking Group's shares rose Wednesday as Citigroup said the company's capital position was strong and reiterated its 'buy' rating on the stocks. "We believe the capital position is robust and that underlying earnings risks are more towards the upside, rather than downside," the analyst said
Read moreLondon midday: Financials provide a boost after 11th-hour deal in Cyprus
25th Mar 2013 11:35
Financial stocks were performing well on Monday morning, pushing the FTSE 100 one per cent higher, following Cyprus' 11th-hour deal with the Troika to save itself from financial collapse. "Cyprus has avoided becoming the first country to default on its debt and exit the Eurozone, after agreeing on
Read moreBroker snap: Goldman upgrades RBS on potential upside
25th Mar 2013 09:11
Goldman Sachs has taken Royal Bank of Scotland off its 'sell' list, saying that the expected earnings dilution from potentially higher capital regulations is already priced in to the stock. The broker explained that earnings dilution risk at both RBS and Lloyds has risen over the past few months, w
Read moreLondon open: Markets rise on last-minute deal to save Cyprus
25th Mar 2013 08:20
Stocks advanced strongly on Monday morning after 11th-hour talks to save Cyprus from default resulted in a last-minute bailout deal with the Troika. "Markets clearly appear to be more hopeful than they ought to be on the Eurozone muddling through this crisis - this would suggest that any potential
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreLondon midday: Markets cautious on critical day for Cyprus
22nd Mar 2013 11:47
European stocks were making moderate gains on Friday morning but the mood on financial markets was cautious with the focus firmly on Cyprus ahead of pivotal day for the country's future in the Eurozone. According to government spokesman Christos Sylianides this morning, the "next few hours" are key
Read moreFriday newspaper round-up: Cyprus, UK gas reserves, Co-Op...
22nd Mar 2013 06:57
The Telegraph reports that Cyprus is looking to inflict losses of up to 40 per cent on large depositors only, saving all smaller deposits of up to 100,000 euros, in an effect to prevent an economic collapse next week. The move includes the restructuring or freezing of all assets held in two of its b
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