London close: Markets flat after choppy session, services PMIs weakens
6th Jan 2014 16:37
- Miners limit gains after weak economic data - Services PMIs from China, UK, Eurozone and US weaken - RSA rises, UBS says takeover and break-up still possible - Retailers in focus ahead of updates techMARK 2,792.25 +0.13% FTSE 100 6,730.73 0.00% FTSE 250 16,049.30 +0.18% UK markets ended flat on
Read moreLondon midday: Stocks flat as global services PMIs point to slowdown
6th Jan 2014 11:21
- UK, Eurozone, China services PMIs ease - Markets rangebound, little changed by midday - Takeover and break-up of RSA possible, says UBS - Retailers in focus ahead of sales updates techMARK 2,795.09 +0.23% FTSE 100 6,731.24 +0.01% FTSE 250 16,063.40 +0.27% The FTSE 100 was little changed on Monda
Read moreBroker tips: RSA Insurance, Petrofac, Centamin
6th Jan 2014 11:21
RSA Insurance was making gains on Monday morning after UBS raised its target price on the stock by 13 per cent, saying that the firm's struggles in Ireland could be used as a 'catalyst for change'. Meanwhile, the bank also said that a takeover and break-up of RSA still "remains a possibility", foll
Read moreBroker snap: Deutsche Bank upgrades Petrofac after underperformance
6th Jan 2014 09:09
Deutsche Bank has lifted its recommendation for oilfield services group Petrofac from 'hold' to 'buy', saying that the stock's current price is overly discounting risks. The bank has raised its target price for the shares by 5.3% from 1,425p to 1,500p, which represents 30% potential upside to the c
Read moreLondon open: Markets flat ahead of busy week, PMIs in focus
6th Jan 2014 08:15
- Services PMIs on tap, Chinese data weakens - RSA leads financials higher - Retailers in focus ahead of trading update, M&S falls techMARK 2,787.71 -0.03% FTSE 100 6,727.98 -0.04% FTSE 250 16,028.46 +0.05% UK markets opened broadly flat on Monday morning with gains in the financial sector offset
Read moreLondon close: Markets flat as investors turn cautious ahead of Fed
18th Dec 2013 16:41
- Stocks trading within narrow range ahead of Fed - Fed decision due at 19:00 London time - BoE votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low techMARK 2,697.26 +0.47% FTSE 100 6,492.08 +0.09% FTSE 250 15,366.70 +0.12% Markets finished b
Read moreOil equipment and services sector hit by Technip read-across
18th Dec 2013 14:45
The oil equipment and services sector was battered by read-across from a profit warning at French company Technip. A Tuesday evening update from the group fed market angst about a slowdown in capital investment by the oil majors, mentioning that operating margins in its sub-sea unit will be "except
Read moreLondon midday: Markets await Fed as data turns heat up on MPC
18th Dec 2013 11:16
- Taper speculation picks up ahead of Fed decision - MPC votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low - Retailers under the weather techMARK 2,693.27 +0.32% FTSE 100 6,500.40 +0.22% FTSE 250 15,391.16 +0.28% UK markets held on to gains
Read moreLondon close: Stocks fall one per cent on earnings, taper fears
12th Dec 2013 16:39
- Perform plummets after profit warning - Sports Direct and Wood Group fall sharply after results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October techMARK 2,652.61 -0.83% FTSE 100 6,445.25 -0.96% FTSE 250 15,211.54 -1.20% The FTSE 100 finis
Read moreFTSE 100 movers: Sports Direct dives in spite of leap in H1 profit
12th Dec 2013 15:17
Sportswear and equipment retailer Sports Direct slumped today despite delivering a near-17 per cent jump in underlying profits during its first half, driven by an increase in online and international sales. However, the company did say that '[current] trading has now reverted to management's origina
Read moreWood Group reiterates guidance, but warns on 2014 - UPDATE
12th Dec 2013 13:11
- Full year to be in line with expectations - But engineering EBITA downgraded 15% - 'Deterioration' in some markets Energy services firm Wood Group said it has delivered 'good growth' this year, despite trading remaining distinctly mixed with its Western Canada markets 'weak' and its key engineeri
Read moreLondon midday: Sports Direct, Wood Group, SuperGroup drag markets lower
12th Dec 2013 11:21
- Sports Direct, Wood Group, SuperGroup fall after updates/results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October - Capital Economics sees 7,500 level for FTSE 100 in 2015 techMARK 2,650.21 -0.92% FTSE 100 6,442.07 -1.01% FTSE 250 15,247.68
Read moreLondon open: FTSE 100 at two-month low on taper fears
12th Dec 2013 08:44
- FTSE 100 at levels not seen since mid-October - US, Asian markets fall overnight - Sports Direct, Wood Group fall sharply early on techMARK 2,656.26 -0.69% FTSE 100 6,481.31 -0.41% FTSE 250 15,310.65 -0.56% Markets across Europe were trading in the red on Thursday morning with the FTSE 100 on tr
Read moreLondon close: Stocks surge as strong US data offsets taper fears
6th Dec 2013 16:55
- FTSE 100 rebounds strongly on US jobs beat - Taper expectations brought forward - Oil, housing stocks provide a lift techMARK 2,670.64 +0.85% FTSE 100 6,551.99 +0.83% FTSE 250 15,317.05 +1.05% After falling to an eight-week low the previous session, the FTSE 100 rallied on Friday after a much be
Read moreFTSE 100: Petrofac, Royal Dutch Shell, BHP Billiton
6th Dec 2013 14:36
Oilfield services group Petrofac rebounded on Friday, a day after heavy falls on concerns about guidance at its investor day on Thursday. "Having hit a two-year low yesterday on rumours that management was reducing long-term earnings forecasts, Petrofac has been besieged by bargain-hunters this mo
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