FTSE 100 movers: Miners lead the way higher
2nd Jan 2013 15:12
With investors feeling like taking a few more risks following the events in the US, miners were taking up nine of the top 10 spots on FTSE 100. Burberry was also making decent gains, which may be linked to comments by the luxury retailer's Chief Executive, Angela Ahrendts, who said the company is
Read moreLondon midday: Markets welcome fiscal cliff deal with two per cent surge
2nd Jan 2013 11:40
- US leaders pass budget deal to avert fiscal cliff - Mining and banking stocks celebrate with decent performance - UK manufacturing ends 2012 on a high Mining stocks were registering impressive gains on Wednesday in the aftermath of the US fiscal cliff agreement, which could have plunged the world
Read moreLondon close: Stocks finish lower ahead of US budget talks
28th Dec 2012 16:35
Markets finished firmly in negative territory on Friday afternoon as investors showed concern with just a few days left before the fiscal cliff deadline. President Barack Obama has called a meeting with congressional leaders today in which they are expected to draw up a piece of legislation to be s
Read moreLondon midday: Stocks drop into the red as 'fiscal cliff' looms
28th Dec 2012 11:29
After a strong start, markets across Europe dipped into the red by midday with the US fiscal cliff continuing to dominate market sentiment. "We are now just over three days away from the so-called 'fiscal cliff' and after many months of posturing and political bravado, the US has run out of time,"
Read moreSunday newspaper round-up: BoE, EU membership, BP
23rd Dec 2012 22:56
Although still in the minority, a handful of leading experts believe the Bank of England (BoE) will come under pressure to raise rates towards the end of 2013 - 18 months earlier than markets are predicting. Simon Ward, chief UK economist at Henderson Global Investors, said rates will rise from thei
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreLondon midday: Markets cautious as Fed move already priced in
13th Dec 2012 11:27
- Fed unveils new stimulus measures - Eurogroup approves Greek aid - Centamin plummets after suspending Sukari Indices across Europe pulled back on Thursday morning as they digested last night's stimulus plan from the Federal Reserve, with analysts saying that the move was already priced into marke
Read moreLondon open: Stocks fall as focus turns back to 'fiscal cliff'
13th Dec 2012 08:31
Stock markets in the UK opened broadly flat on Thursday morning in spite of the Federal Reserve's stimulus announcement last night, as the focus turns back to the impending 'fiscal cliff'. While mining stocks more or less gained early on, FTSE 250 gold miner Centamin grabbed the headlines plunging
Read moreMorrison replaces head of finance
13th Dec 2012 07:17
Following on from Finance Director Richard Pennycock's decision in the June to leave Morrison, the supermarket group has appointed Trevor Strain as his successor. Strain joined the firm in 2009 as Commercial and Operations Finance Director, before being promoted to Finance Director Corporate in Jun
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreFTSE 100 movers: Shire leads defensive stocks higher
4th Dec 2012 15:34
Shire was leading the defensive stocks after investors exercised caution as budget uncertainty in the US continues to weigh on sentiment. British Gas owner Centrica rose after partner EDF Energy announced that it has extended the life of two UK power stations by seven years. Tesco was on investo
Read moreSector movers: Tesco boosts retail sector ahead of Q3 update
4th Dec 2012 14:42
Tesco was on investors' shopping lists this afternoon ahead of its trading update tomorrow, lifting the food and drug retail sector higher. The supermarket titan is to update the market on third-quarter trading on Wednesday morning. Shares were making gains after Jefferies said that the grocer is "
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
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