London midday: Markets nervous ahead of US GDP, FOMC
30th Jan 2013 11:39
Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on. "European markets are looking exhausted, broadly flat as traders continue to refrain from building equity positions after the
Read morePetrofac hit by earnings fears - UPDATE
30th Jan 2013 09:57
Petrofac led the FTSE 100 down as Europe's energy engineering majors dropped over fears that industry earnings would be lower than expected. The industry-wide drop began after Saipem SpA, Europe's largest energy engineering firm, cut its profit forecast. The announcement that 2013 earnings before
Read moreLondon open: Stocks flat ahead of a busy day
30th Jan 2013 08:30
Markets opened flat on Wednesday morning ahead a busy day on the economic calendar with all eyes focusing on growth data and a policy decision in the US later on. The world's biggest economy is expected to have grown at an annualised rate of 1.1% in the fourth quarter of 2012, according to prelimin
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreFTSE 100 movers: Associated British Foods leads the way
17th Jan 2013 14:46
Associated British Foods and International Consolidated Airlines (IAG) were leading the race in the FTSE 100 group Friday. The former gained on the back of festive season trading results, posting a 10% rise in group revenue. The interim management statement for 16 weeks to January 5th showed busin
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
Read moreLondon close: Stocks rally after US data
4th Jan 2013 16:42
- Footsie closes at highest level in nearly two years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government London's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 g
Read moreLondon midday: Markets cautious ahead of US jobs data
4th Jan 2013 11:39
Stocks were trading broadly flat on Friday morning with just 10 points separating the FTSE 100's intraday low and high, with markets showing caution ahead of the US employment report out in the next few hours. The Footsie began today's session in the red as investors digested last night's release o
Read moreLondon open: Stocks pull back after FOMC minutes
4th Jan 2013 08:20
Following a 150-point surge over the last two days, the FTSE 100 pulled back in early trading on Friday following the release of the minutes of the latest Federal Reserve meeting last night. While there was a clear majority in favour of further asset purchases (the third round of quantitative easin
Read moreWednesday tips round-up: Petrofac, Vesuvius, APR Energy
19th Dec 2012 08:46
While the decrease in Petrofac´s - the oil engineering and services group - cash on hand evident in yesterday´s trading update was startling, upon closer inspection it is not as alarming as it seems. That is because one needs to understand that the company´s business model involves the payment up fr
Read moreLondon close: FTSE 100 finishes strongly on 'fiscal cliff' optimism
18th Dec 2012 16:55
- US budget negotiations lift hopes - G4S up on renewed confidence - FTSE 250 at all-time high UK markets finished with strong gains on Tuesday afternoon as 'fiscal cliff' hopes spurred investors' appetites for riskier assets, such as mining stocks. The second-tier FTSE 250 index was trading at a
Read moreLondon midday: G4S leads markets higher
18th Dec 2012 11:27
- Stocks advance on 'fiscal cliff' hopes - Miners track metal prices higher - G4S up on renewed confidence A decent performance by G4S and the mining sector ensured that the FTSE 100 remained firmly in positive territory on Tuesday morning, with hopes over the US budget talks driving risk appetite.
Read moreLondon open: 'Fiscal cliff' hopes drive stocks early on
18th Dec 2012 08:30
The FTSE 100 opened strongly on Tuesday morning on the back of increasing optimism that US President Barack Obama and House Speaker John Boehner will be able to strike a deal by the end of the year to avert the 'fiscal cliff'. Without a deal by the January 1st deadline, the $600bn in automatic spen
Read moreLondon pre-open: Strong start expected after Obama 'fiscal cliff' offer
18th Dec 2012 07:33
London's benchmark index is expected to open strongly on Tuesday morning as 'fiscal cliff' talks in the US look to be gaining some speed. Market analyst Craig Erlam from Alpari said: "European stock markets are expected to open higher this morning after fiscal cliff negotiations took a big step for
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