London open: Stocks edge higher ahead of FOMC minutes
10th Jul 2013 08:20
The FTSE 100 opened higher on Wednesday morning, though gains were only slight as investors turned cautious ahead of a statement from the Federal Reserve, hoping for indications of when the central bank will begin to taper stimulus. Following the heavy sell-off in June, the strong rebound in market
Read moreLondon close: Stocks rise on first day of Carney's mandate
1st Jul 2013 17:24
Equities began the third quarter on a strong note, buoyed in part by a bullish note from strategists at JP Morgan on commodity prices. Alongside a slightly better than expected reading on US manufacturing that helped to compensate for a somewhat weak reading on Chinese manufacturing overnight. Coinc
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon midday: FTSE 100 nearly erases year-to-date gains
24th Jun 2013 11:38
After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o
Read moreBroker tips: RBS, Vodafone, Supermarkets
24th Jun 2013 11:02
Investec has upped its recommendation for part-nationalised bank Royal Bank of Scotland from 'sell' to 'hold', saying that the stock is 'marginally oversold' after the steep sell-off over recent sessions. "Given increased political disarray, despite deep 'valuation support', we do acknowledge the p
Read moreBroker snap: Citi downgrades Sainsbury and Morrison in sector review
24th Jun 2013 10:17
Citigroup has cut its ratings for supermarket peers Sainsbury and Morrison as part of its reviewed stance on the European food retail sector. In a research report titled 'From Ritz to the Rubble', the broker explains that sector earnings in real terms are now 12% lower than a decade ago and are exp
Read moreLondon open: Stocks edge higher after recent sell-off
24th Jun 2013 08:27
The FTSE 100 opened in positive territory on Monday morning, albeit only slightly, as markets made a tentative start to the new week following the dramatic sell-off seen over recent sessions. London's benchmark index closed Friday's session at just 6,116 following a number of steep declines since t
Read moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreLondon midday: Stocks rebound but sentiment fragile after heavy sell-off
21st Jun 2013 11:31
The FTSE 100 rebounded from five-month lows on Friday morning after comments from the Federal Reserve prompted a dramatic global market sell-off the day before. London's benchmark index tumbled an eye-watering 189 points on Thursday, falling 2.98% to 6,160 as markets reacted to comments from Fed Ch
Read moreBroker snap: Tesco pull-back creates buying opportunity, says Nomura
21st Jun 2013 11:01
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. "Contrary to the negative commentary that the UK grocery market appears to attract, we think things are looking a little better," the broker said on Fri
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 moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreM&S rumours propel Ocado higher
11th Jun 2013 11:48
The fortunes of what was once considered to be a company on the verge of disintegration - Ocado - without a clear differentiated offering, have been transformed in a matter of months. Certainly, that is what markets increasingly seem to be discounting, as shown by the fact that the percentage of s
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
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