Wednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreFTSE 100 movers: Aberdeen drops as market volatility continues
11th Jun 2013 14:25
Financial and mining stocks bore the brunt of the sell-off on equity indices on Tuesday with Aberdeen Asset Management leading the way lower as it continued to be hit by the wider market volatility, particularly due to the company's large exposure to the emerging markets. Matt Basi, the Head of UK
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreSunday newspaper round-up: ARM Holdings, Lloyds, Bonds
9th Jun 2013 19:00
The main threat to ARM Holdings may turn out to be 'home-grown.' Imagination Technologies, the British designer of graphics and video microchips for gadgets such as the iPhone is gearing up for a foray into ARM´s main market, making the processors that go into smartphones and other devices. Hence th
Read moreLondon close: Markets surge as US data eases 'tapering' fears
7th Jun 2013 17:23
An in-line increase in US non-farm payrolls sparked an impressive surge on equity markets worldwide on Friday afternoon, as worries about the Federal Reserve scaling back its stimulus measures eased, for now at least. London's FTSE 100 finished up 76 points on the day (+1.2%) at 6,412. Nevertheless
Read moreFTSE 100 movers: Severn Trent jumps after LongRiver ups offer
7th Jun 2013 15:33
Severn Trent surged this afternoon after the LongRiver consortium upped its cash offer for the water provider following the rejection of an earlier proposal by the group earlier this week. The consortium has offered 2,200p per Severn Trent share, including the 45.51p dividend announced in May, whi
Read moreWood Group Chairman sells 250,000 shares
23rd May 2013 16:24
The Chairman of Wood Group has traded in 2.1m pounds-worth of shares in the group. Allister Langlands sold, on behalf of his wife, 250,000 shares 846p each. The deal was announced on the same day the FTSE 100 energy services giant announced its PSN business has scored a contract to deliver oper
Read moreLondon midday: Stocks firmer as policy makers move to buttress growth
7th May 2013 11:49
Investor sentiment seems to have firmed a little in the first half of the session. That comes after a cautious start higher after the long weekend and as traders continued to debate about how much further the current push higher in equity markets has to go. Be that as it may, the latest data from t
Read morePru´s UK business sales hit by introduction of RDR
7th May 2013 10:16
FTSE 100-listed financial services group Prudential has reported a positive start to 2013 driven by continued profitable growth in its businesses in Asia. Even so, the firm´s shares are now declining albeit after being one of this year´s best performers in the sector and after the introduction of th
Read moreSunday newspaper round-up: ENRC, Marks&Spencer, Prudential
28th Apr 2013 14:34
In a letter dated April 12th, and seen by The Sunday Times, law firm Dechert alleges that ENRC - the FTSE 100 listed copper miner - engaged in several inappropriate actions, including "payments to African presidents" and $35m of misappropriated cash. The company has denied those claims. Dechert was
Read moreFTSE 100 movers: Miners in retreat
26th Apr 2013 14:01
Heavyweight mining stocks were in the red today as risk appetite declined ahead of the US. ENRC, EVRAZ, Rio Tinto, Anglo American, Fresnillo, Antofagasta and Glencore were among the worst performers. ENRC was the biggest faller after Business Secretary Vince Cable was called upon to launch an offi
Read moreLondon midday: Miners fall ahead of US growth figures
26th Apr 2013 12:08
Stocks in the UK slipped on Friday morning as traders took profits after a three-day winning streak with markets nervous ahead of economic growth data from the United States this afternoon. The US Commerce Department is expected to reveal that gross domestic product (GDP) in the world's largest eco
Read moreLondon open: Markets nervous ahead of US GDP data
26th Apr 2013 08:41
Markets opened in negative territory on Friday morning as eyes turned to the all-important reading of first-quarter economic growth in the US. The US Commerce Department is expected to reveal later on that gross domestic product (GDP) in the world's largest economy expanded at a 3.0% pace in the fi
Read moreHunt to succeed Devey as CEO of Prudential UK and Europe
26th Apr 2013 07:03
FTSE 100-listed UK insurer Prudential has appointed Jackie Hunt as Chief Executive Officer for the Prudential UK and Europe division. Hunt, who will join the group from Standard Life where she is currently Chief Financial Officer, and will succeed Rob Devey, who is leaving the group at the end of O
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