Sector movers: Oil services stocks jump as crude rises
9th Feb 2012 16:05
Oil equipment, services and distribution stocks were on the rise today, tracking oil prices higher. Brent crude was up 0.47% at $117.75 in mid-afternoon trade on the IntercontinentalExchange on news that Greek leaders have finally reached an agreement over austerity measures. While many say that th
Read moreFTSE 100 movers: ARM soars on profit boost
31st Jan 2012 14:33
Chip designer ARM was the second highest riser after fourth quarter sales figures came in 10% ahead of consensus estimates. While Nomura maintained its neutral rating on the stock today, it acknowledged that the group's results indicated a "strong beat", driven by strong processor revenues in both l
Read moreSector movers: Vodafone lifts telecoms, oil stocks drop
20th Jan 2012 17:07
Vodafone was lifting the mobile telecommunications sector higher today. The telecoms titan rose on reports that the Indian Supreme Court has overturned an earlier tax-ruling against it from a lower court. The long-running battle centres around a $2.5bn (£1.3bn) tax bill relating to its 67% intere
Read moreLondon close: Oil stocks weigh on FTSE 100
20th Jan 2012 17:03
- Oil stocks track prices lower. - Chinese manufacturing disappoints. - Greek talks ongoing, sides close to a deal. UK stocks finished Friday's session down an average 0.2% with oil stocks providing a drag on the FTSE 100, tracking oil prices lower. The blue chip index swung between gains and loss
Read moreLondon midday: Footsie unchanged, RBS leads risers
20th Jan 2012 11:57
- Greek talks still in progress. - RBS taps ECB emergency facility. - Vodafone up on Indian tax ruling. The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points se
Read moreFriday broker round-up -UPDATE
20th Jan 2012 09:17
Pearson: Credit Suisse raises target price to 1,210p from 1,175p. Polymetal: Credit Suisse downgrades to neutral from outperform; cuts target to 1,040p from 1,180p. William Hill: Credit Suisse raises target price to 227p from 214p. Man: Deutsche Bank upgrades to hold from sell. Petrofac: JP Mor
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
Read moreLondon close: Euro worries pull Footsie lower
11th Jan 2012 16:58
Eurozone debt worries weighed on London's stock market today with some disappointing economic data from the region's largest economy dampening the mood. Energy stocks led the decline on the FTSE 100, tracking oil prices lower. SOVEREIGN DEBT CRISIS RUMBLES ON News that German gross domestic produc
Read moreLondon midday: Stocks retreat, Unilever drops after downgrade
11th Jan 2012 11:49
After trading within a narrow 20-point range for most of the morning, it seems if the Footsie has found its direction, dropping around 40 points by midday, with Eurozone concerns once again in the spotlight. Euro-area gross domestic product growth slowed to 0.1% quarter-on-quarter in the third quar
Read moreLondon close: Footsie fades
5th Jan 2012 16:54
London finished lower for the second day in succession, despite some reasonable economic data relating to the all-important UK service economy. The Markit/CIPS service sector purchasing managers´ index for the month of December came in at 54.0 points, versus the 52.1 reading for the previous month.
Read moreLondon midday: Footsie falls, but High St. shows signs of life
5th Jan 2012 12:10
Footsie has turned south after a firm start, with inter-dealer broker ICAP leading the retreat after a trading update from sector peer Tullett Prebon in which it disclosed a chunky exceptional charge for restructuring. Tullett Prebon not entirely friendless Tullett Prebon expects revenue for 2011
Read moreLondon open: Footsie creeps higher
5th Jan 2012 08:26
Footsie is tip-toeing higher in early trade, with tech stocks, oils and banks leading the way. Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. The companies
Read moreLondon pre-open: Markets heading for a flat start
5th Jan 2012 07:30
City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,668 as markets take their lead from a flat finish in the US. 'Imperial Leather' soap maker PZ Cussons is to extend its consumer products range with the acquisition of the Fudge hair care brand from Australia's Sab
Read morePetrofac buddies up with Schlumberger
5th Jan 2012 07:08
Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. The agreement enables the firms to bid jointly for projects of a scale that they would not pursue independen
Read moreLondon close: Miners drag Footsie down 2.3%
14th Dec 2011 16:42
The FTSE 100 index finished at its lowest levels of the day on Wednesday, closing over 100 points down from Tuesday's close of 5,490. Just one stock in London, Morrison, finished in the blue, while the heavyweight mining sector dominated the downward direction. Markets remain concerned with the ong
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