London close: Stocks fall on Greek exit talk
16th May 2012 16:22
- Greek exit speculation sinks stocks again - ECB stops funding to some Greek banks (report) - Eurozone crisis to limit UK GDP in 2012, says BoE After a temporary foray into positive territory, the FTSE 100 slipped late on to finish in the red for a third straight day as concerns over a potential G
Read moreLondon midday: Greece, UK concerns pull Footsie to five-month low
16th May 2012 11:34
- Footsie nears five-month low - Potential Greek exit grips markets - Bank of England cuts GDP forecast, unemployment falls Concerns over a potential exit of Greece and growth in the UK were weighing on the FTSE 100 by Wednesday lunchtime, with the Footsie sinking to intraday levels not seen since
Read moreLondon open: Footsie at lowest levels since mid-December
16th May 2012 09:04
- Greek concerns dent Footsie again - Glencore, Sainsbury fall after going ex-dividend - Lamprell tanks on FTSE 250 London's FTSE 100 suffered a third straight sell-off on Wednesday, sending the blue chip index to a near five-month low in early trading on the back of concerns over the political si
Read moreWednesday broker round-up - UPDATE
16th May 2012 08:26
Babcock: UBS raises target from 880p to 950p, buy recommendation unchanged. Barclays: UBS upgrades from neuter lot buy, target cut from 272p to 215p. Cineworld: Merchant Securities maintains buy rating and 244p target. Compass Group: Numis upgrades from add to buy, target left at 750p. Experian:
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreMarket tastes the difference at Sainsbury's
9th May 2012 09:30
After disappointing trading updates recently from supermarket colossi Tesco and Morrisons the market could taste the difference in Sainsbury's figures, which did not disappoint. Underlying profit before tax in the 52 weeks to March 17th was up 7.1% to £712m from £665m the year before, pretty much i
Read moreFTSE 100 movers: RBS flying high on results update
4th May 2012 14:14
Nationalised lender Royal Bank of Scotland (RBS) was a high riser after its first-quarter results. The group is to repay the final tranche of notes issued under the government's Credit Guarantee Scheme (CGS) next week, after posting a profit of more than a billion pounds in the first three months of
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreLondon open: Stocks rise ahead of ECB decision
3rd May 2012 08:34
- Mixed reception to barrage of blue-chip corporate updates - ECB expected to maintains rates - Kesa in demand after Darty development The FTSE 100 rose strongly on Thursday morning, rebounding after a sharp fall the day before, with investors looking ahead to an interest rate decision from the Eur
Read moreLondon pre-open: Stocks to rise ahead of ECB meeting
3rd May 2012 07:30
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,758 ahead of a meeting of the European Central Bank, at which the bank will be able to address the poor European manufacturing data which was revealed earlier in the week. Supermarket group Morrisons has said that
Read moreMorrisons sees LFL sales slip in first quarter
3rd May 2012 07:01
Supermarket group Morrisons has said that its financial outlook for the year ending January 2013 remains unchanged despite like-for-like (LFL) sales falling in the first quarter. In the 13 weeks to April 29th, the retailer said total sales (excluding VAT and fuel) rose by 1.5%. When including fuel,
Read moreSunday newspaper round-up: Lloyds, House prices, Colt
29th Apr 2012 11:43
Middle Eastern wealth funds including Qatar Holdings and Abu Dhabi's Mubadala fund have held talks with Lloyds bank bidder, NBNK, to bolster its £2bn approach for the 632 branches Lloyds is struggling to sell. The backing of either or both funds - which have major investments in household business n
Read moreSector movers: Miners wanted after comments from Chinese PM
25th Apr 2012 15:10
The mining sector, a category often sensitive to the outlook for the Chinese economy, was making gains on Wednesday afternoon after the country's Prime Minister sought to ease concerns about slowing growth. Wen Jiabao said yesterday that the world's second-largest economy will continue to growth at
Read moreWednesday broker round-up
25th Apr 2012 09:08
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
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