London midday: Stocks edge higher on improved outlook from BoE
15th May 2013 11:19
An improved outlook from the Bank of England (BoE) lifted UK markets into the blue by Wednesday lunchtime as investors shrugged off disappointing growth figures from the Eurozone and rising unemployment at home. The FTSE 100 was extending its recent winning streak to its 10th day after finishing Tu
Read moreLondon open: Eurozone GDP figures worry markets early on
15th May 2013 08:39
Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before. The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive t
Read moreMonday newspaper round-up: Lloyds, ENRC, Ocado...
13th May 2013 06:44
Sir Win Bischoff, the Chairman of Lloyds since September 2009, is expected to announce his resignation ahead of Thursday's shareholder meeting as the bank readies for privatisation, reports The Guardian. The Financial Times says that May 17th is the deadline for a bidding consortium - made of a "tr
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreLondon close: Stocks settle higher after mixed batch of data
9th May 2013 16:42
Market Movers techMARK 2,448.55 +0.44% FTSE 100 6,592.74 +0.14% FTSE 250 14,281.62 +0.62% The FTSE settled in positive territory after a day of mixed data both at home and abroad. Earlier on in the day stocks had slipped after traders were caught somewhat off-guard by the higher-than-expected con
Read moreFTSE 100 movers: Experian, IMI, BSkyB, ENRC
9th May 2013 14:17
Credit checking giant Experian topped the FTSE Thursday after reporting full-year sales growth across all its global markets, particularly in Latin and North America. In the year to end-March, the company saw revenues from continuing activities rise six per cent to 4.7bn dollars, with earnings befor
Read moreBroker tips: Experian, IMI, Morrison
9th May 2013 12:31
Credit checking giant Experian delivered full-year results in line with expectations as sales grew across all its global markets. However, analysts at Canaccord Genuity said the company's stock is "expensive and increasingly risky", recommending a 'sell' rating and target price of 898p. The broke
Read moreLondon midday: BoE keeps rates steady as manufacturing data cheers markets
9th May 2013 11:41
London traded equities were just barely managing to hold steady come midday despite the much better-than-expected industrial production figures out for the UK and the positive results seen at Thursday´s auction of Spanish sovereign debt. Weighing on sentiment were the 'warning flags' which some obse
Read moreBroker snap: Jefferies recommends 'buy' for Morrison
9th May 2013 11:33
Analysts at Jefferies International recommended a 'buy' rating and target price of 310p for Morrison Supermarket after the UK grocer posted first quarter sales that beat market forecasts. Morrison was a top faller on the FTSE 100 Thursday as the supermarket chain revealed a 1.8% drop in like-for-li
Read moreLondon open: Chinese price data worries Nomura
9th May 2013 08:01
UK stocks have moved slightly into the blue following an ephemeral dip just after the 'opening bell,' with Chinese price data on the front-burner in what is expected to be another 'light' day in terms of economic data releases. Today´s meeting of the Monetary Policy Committee is expected to be a non
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreMorrison's first quarter sales beat market forecast
9th May 2013 07:03
Morrison Supermarket posted a 1.8 per cent drop in like-for-like sales for the first quarter as the UK grocer invested in opening more convenience stores. The jump in sales, which excludes fuel, for the 13 weeks to May 5th beat analysts' expectations for a 2.0% decline and were up from the previou
Read moreThursday preview: Morrison's to report first quarter sales drop
8th May 2013 14:49
Morrison Supermarkets is expected to post another fall in sales when it unveils its first quarter results Thursday. The UK grocer is forecast to report a 2.0% drop in like-for-like sales, according to Jefferies International. However, it will be a step up from the 4.1% decline seen in the fourth q
Read moreTuesday newspaper round-up: Boston, Barclays, Petrol prices...
16th Apr 2013 06:49
Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the ma
Read moreFTSE 100 movers: Miners rise on Chinese hopes
10th Apr 2013 15:26
Mining stocks were on the up on hopes over Chinese domestic demand with Vedanta, EVRAZ, ENRC and Rio Tinto making decent gains. Vedanta was leading the way after reporting an increase in full-year production across oil and gas, copper, aluminium, lead and silver. Budget airline easyJet surged earl
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