FTSE 100 movers: Financials push top tier index higher
11th Jun 2012 14:41
Financial stocks were tracking their European counterparts higher on Monday, as the continent's banking industry celebrated Spain's request for aid. Barclays, Lloyds and RBS were among the highest risers, helped by Oriel Securities which kept buy ratings on all three stocks today. HSBC was also ga
Read moreLondon midday: Gains pared after Spanish bank-bailout
11th Jun 2012 11:28
- Spain asks for 100bn euros for its banks - Spanish bond yields still on the up - Financials across Europe gain The FTSE 100 was firmly in positive territory by Monday lunchtime, but the index was trading well off its intraday high of 5,532 as investors digested this weekend's request from Spain f
Read moreLondon close: Spain in focus after bailout rumours
8th Jun 2012 16:37
- Spanish bailout could be on the cards - Fitch downgrades Spain to BBB - Investors look ahead of Chinese data this weekend Rumours about an imminent recapitalisation of Spain's banking sector and concerns over global growth were doing the rounds on Friday, yet the Footsie still managed to pare los
Read moreFTSE 100 movers: Miners fall as investors reach for utilities
8th Jun 2012 14:55
Metals prices were retreating throughout Friday's session, pressuring mining stock lower. Vedanta, Kazakhmys, Antofagasta, Xstrata, Rio Tinto, Glencore and ENRC were among the worst performers. A stronger dollar was making greenback-denominated commodities more expensive early on, with crude prices
Read moreBroker tips: National Grid, IAG, Lamprell
8th Jun 2012 12:52
Credit Suisse has raised its target price for utilities giant National Grid (NG) and reiterated its outperform rating, saying that Ofgem's new RIIO regulation presents a 2.5bn-pound opportunity for the group. "NG has started to perform well again, as negative perceptions on the balance sheet and di
Read moreBroker snap: RIIO presents massive opportunity for National Grid
8th Jun 2012 12:51
Credit Suisse has raised its target price for utilities giant National Grid (NG) and reiterated its outperform rating, saying that Ofgem's new RIIO regulation presents a 2.5bn-pound opportunity for the group. "NG has started to perform well again, as negative perceptions on the balance sheet and di
Read moreLondon midday: Stocks weighed down by Spain, Bernanke
8th Jun 2012 11:40
- Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend - Spain denies rumours of imminent bank bail-out petition Blue chips were off their intraday lows but still firmly in the red by Friday lunchtime as concerns over Spain continued
Read moreLondon open: Spanish downgrade dents stocks early on
8th Jun 2012 08:27
- Fitch downgrades Spain to BBB - Bernanke warns of risks to US economy - Lamprell tanks after profit warning London's FTSE 100 index dropped into the red in early trading on Friday after Spain's credit rating was downgraded last night, exacerbating concerns about the country's troubled banking sec
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreThursday newspaper round-up: Bail-outs, ARM Holdings, House prices
7th Jun 2012 07:14
The Government is facing another battle with Brussels after the European Union raised the prospect of cross-border bank bail-outs under wide-ranging reforms to protect taxpayers from a future financial sector collapse. Although the Treasury supported the broad thrust of the reforms, which mirrored t
Read moreLondon close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreFTSE 100 movers: Severn Trent leads the risers after special dividend
30th May 2012 14:48
Utility provider Severn Trent was leading way higher despite pre-tax profits falling 38% in the year to the end of March. The group announced a special dividend and said it forecast no water restrictions for customers this year. Meanwhile, several stocks were falling after going ex-dividend - trad
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
Read moreLondon open: Stocks slip on concerns over China and Spain
30th May 2012 08:32
- Ex-div stocks, miners provide a drag - Hopes over Chinese stimulus fade - ECB rejects Spain's plan for Bankia After rumours of additional Chinese stimulus measures were quashed yesterday, the FTSE 100 sank in early trading on Wednesday, with resource companies among the worst performers; ex-divid
Read moreMonday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
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