London close: Markets look to Fed for more stimulus
20th Jun 2012 16:32
-Greek forms new coalition government -MPC divided on more QE -Markets await the Fed decision later today News of the formation of a Greek coalition and hopes of further stimulus measures in the UK and the US gave stocks a lift on Wednesday afternoon. New Democracy leader Antonis Samaras was swor
Read moreFTSE 100 movers: Sage provides a lift after acquisition
20th Jun 2012 15:30
Accountancy software behemoth Sage Group was the best performer on the blue-chip index today after acquiring a majority interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil, for 125m pounds. Investec upgraded its rating on the stock today
Read moreLondon midday: Stocks gain on stimulus hopes
20th Jun 2012 11:31
- Stocks pare losses after MPC minutes - Markets await the Fed decision later today - Aviva, ITV and Sage gain; ex-div stocks drag The Bank of England's (BoE's) vote on maintaining its asset purchase programme proved to be a contentious issue last month and the news provided a boost to stock market
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreLondon open: Markets cautious ahead the Fed decision
20th Jun 2012 08:43
- Eyes on the MPC, Greece and FOMC - Ex-div stocks dampen Footsie - ITV gains on bid rumours The Footsie slight lower on Wednesday morning with investors showing caution ahead of what is likely to be a busy day on the macro-economic front; all eyes will be on the Bank of England (BoE), Greek leader
Read moreLondon pre-open: Cautious start expected ahead of a busy day
20th Jun 2012 07:28
City sources are predicting a tepid start on the FTSE 100, expecting the blue-chip index to open flat at around 5,586. Investors will be keeping a close eye on developments in Europe today, with Greek leaders set to form a coalition by midday, according to reports. Meanwhile, minutes from the lates
Read morePetrofac close to securing big production contract in Mexico
20th Jun 2012 07:07
Oilfield services group Petrofac has been declared, together with its partner Schlumberger, as the selected bidder on the Pánuco integrated production service contract in Mexico. The area contains four mature onshore fields operated by Petróleos Mexicanos (PEMEX) and was discovered in early 1900s w
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 moreTuesday tips round-up: Petrofac, Travis Perkins, Rank
15th May 2012 06:58
Petrofac, the oil services firm, gets the once over from Questor in the Telegraph. The order book is strong at 9.6bn dollars, and the strategy is clear - the company provides oil knowhow to country's trying to develop their resources. But the stock has risen recently so Questor thinks best to hold a
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreLondon pre-open: Stocks to track Asian markets lower
11th May 2012 07:28
City sources predict the FTSE 100 will open down 41 points from yesterday's close of 5,545, tracking losses in Asian markets as mixed Chinese data leaves investors wanting more. International Consolidated Airlines Group (IAG) reported an operating loss of €249m in the first quarter, an outcome wor
Read morePetrofac reiterates full-year profit target
11th May 2012 07:09
Oil and gas services group Petrofac has said that its year-to-date performance has been in line with expectations and it still remains on track to grow net profits by at least 15 per cent in 2012. "We have started the year well and are making good operational progress across our portfolio of projec
Read moreLondon close: US jobless data sparks late rally
10th May 2012 16:59
- US jobless claims boost buying late on - BoE keeps interest rates, QE unchanged - Miners shrug off China data as Greek concerns ease London's blue chips rallied in afternoon trade on Thursday after some better-than-expected US economic data and easing concerns about Greece helped to snap a three-
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