London midday: Stocks gain as Germany approves Greek aid
30th Nov 2012 11:29
- Germany approves Greek aid - Eurozone jobless rate at record-high - Stocks rally but trade within narrow range After a subdued start, the FTSE 100 had pushed into positive territory by midday after German parliament approved the Greek rescue deal. The Bundestag voted with a large majority (463 f
Read moreLondon open: Stocks unchanged on 'fiscal cliff' developments
30th Nov 2012 08:21
The FTSE 100 opened flat on Friday morning as investors showed caution following some mixed comments from US politicians regarding the 'fiscal cliff'. Markus Huber, head of German HNW trading at ETX Capital, said: "European equities are trading little changed this morning despite less encouraging n
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreFriday tips round-up: Invensys, Shaftesbury and Pennon
30th Nov 2012 06:41
Tempus in The Times writes that long-suffering shareholders in Invensys will be celebrating the near-100p rise in the shares, up another 25p to 305p last night, since the company announced the £1.7bn sale of its rail communications business. Shorn of rail and the pensions liability and with £400m o
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreFTSE 100 movers: Miners lead the way
29th Nov 2012 15:39
Rio Tinto was among the best performers on Thursday after Chief Executive Tom Albanese boasted at an investors seminar that the company was 'very well positioned despite the challenging global environment'. The company said it is targeting five billion dollars of cost savings by the end of 2014 as
Read moreLondon midday: Stocks rise after 'optimistic' comments on 'fiscal cliff'
29th Nov 2012 11:41
Hopes that the US can avert the impending 'fiscal cliff' were helping markets register decent gains on Thursday morning, following comments from policy-makers Stateside yesterday. US Republican Speaker of the House John Boehner said that he was "optimistic that we can continue to work together to a
Read moreLondon open: Stocks gain on US budget hopes
29th Nov 2012 08:22
UK equities opened strongly on Thursday morning with mining stocks leading the risers on the back of optimism that US policy-makers will eventually agree on a deal to avert the 'fiscal cliff'. "European equities are trading higher this morning managing to extend yesterday's afternoon late turnaroun
Read moreLondon pre-open: Comments from Boehner and Obama to boost FTSE
29th Nov 2012 07:29
City sources predict the FTSE 100 will open up 23 points from yesterday's close of 5,803, as the prospect of solving the problem of the looming US 'fiscal cliff' as comments from the Republican Speaker of the House and President Obama gave a strong indication that relations between the two are impro
Read morePennon lifts profit and divi
29th Nov 2012 07:08
Utilities firm Pennon, which owns South West Water and waste business Viridor, said it is responding well to falling recyclate prices as it delivered half year pre-tax profit in line with expectations. Pre-tax profit rose 3.4% to £111.1m for the half year ended September 30th 2012 while revenue for
Read moreLondon close: Footsie registers best weekly performance this year
23rd Nov 2012 16:45
- FTSE 100 gains 3.8 per cent higher on the week - German and French confidence data beats expectations - EU summit ends with deadlock After a subdued start, UK stocks rallied in afternoon trade on Friday with decent economic figures from Germany and France lifting the mood. The positive finish h
Read moreFTSE 100 movers: Water groups take a bath; SABMiller extends gains
23rd Nov 2012 14:00
Utilities stocks were among the worst performers of the day on Friday as companies reacted to Tuesday's Ofwat statement in which it clarified some licence modification proposals following requests for more information from shareholders. The general consensus is that water suppliers do not agree wi
Read moreFriday broker round-up UPDATE
23rd Nov 2012 07:26
African Minerals: Citigroup reduces target price from 500p to 470p, buy recommendation reiterated. Alpha Real Trust: Panmure Gordon reduces target price from 77p to 76p, hold recommendation kept. Antofagasta: Alphavalue raises target price from 1073.30p to 1346.40p and upgrades to add. British La
Read moreSector movers: Water stocks celebrate 'softer' stance from Ofwat
21st Nov 2012 15:04
Utilities stocks were performing well on Wednesday afternoon after an Ofwat statement eased concerns in the sector about water price controls. Industry regulator Ofwat released a statement on Tuesday evening that sought to clarify some licence modification proposals following requests for more info
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
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