London close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreFTSE 250 movers: Gold miners jump as metals prices surge
11th Jul 2013 14:23
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreLondon midday: Bernanke comments drive gains on FTSE 100
11th Jul 2013 11:35
A strong performance in the mining sector ensured that the FTSE 100 was trading firmly in positive territory on Thursday after dovish comments from Federal Reserve Chairman Ben Bernanke sparked gains in commodity prices. "After June's sell-off in risk assets was attributed to seemingly hawkish comm
Read moreLondon open: FTSE 100 up one per cent, miners surge after Bernanke comments
11th Jul 2013 08:36
Dovish comments from Federal Reserve Chairman Ben Bernanke prompted some strong gains on the FTSE 100 on Thursday morning, as mining stocks tracked metals prices higher on the back of a weaker US dollar. "Bernanke and his colleagues are trying to reassure the market by communicating that even once
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreMoneysupermarket growth slows in second quarter - UPDATE
11th Jul 2013 07:51
Price comparison site Moneysupermarket.com generated strong earnings growth in the first half despite slower trading in the second quarter due to ever-changing Google algorithms. In a post-close trading statement the FTSE 250 company said half-year sales would rise by around 10% to £112m and earnin
Read moreBroker tips: Tesco, G4S, Moneysupermarket.com
21st Jun 2013 11:29
Nomura has said that things are starting to look a bit better for UK supermarkets, as it reiterated its sector preference for grocery giant Tesco. Tesco still remains Nomura's firm favourite as it kept a 'buy' rating and 430p target price. The broker highlighted that the company has still been able
Read moreBroker snap: Westhouse upgrades Moneysupermarket.com to 'add'
21st Jun 2013 10:58
Westhouse Securities has upgraded its rating for price-comparison website Moneysupermarket.com from 'neutral' to 'add', saying that the stock offers good value following recent weakness. The stock had fallen by 12% over the last month, as of Thursday's close. "We note that MONY's share price is no
Read moreFriday broker round-up
21st Jun 2013 08:34
Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 250 movers: Heritage Oil jumps as product ramps back up
12th Jun 2013 15:19
The share price of FTSE 250 upstream exploration and production firm Heritage Oil surged on Wednesday after the company said that production at its OML 30 licence in Nigeria is back at normal levels. Output has now returned to rates of over 35,000 barrels of oil per day (bopd) after falling to just
Read moreLondon midday: Stocks higher as UK unemployment falls, M&A activity in focus
12th Jun 2013 12:04
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. Helping sentiment this morning was UK unemp
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreMoneysupermarket.com co-founder to offload 166m pounds-worth of shares
6th Jun 2013 15:56
Simon Nixon, the Co-Founder and Chairman of MoneySupermarket.com, announced plans to offload a near-15 per cent stake in the price comparison website this week, his first major disposal since the firm's stock-market flotation in 2007. Nixon, who helped found the business in 1993, is to offer up to
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