FTSE 100 movers: Miners soaring ahead of Chinese Q3 growth data
17th Oct 2012 15:40
Miners were firmly higher on the FTSE, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to increase demand for commodities. Metals futures were higher for gold, silver, platinum and copper. Chinese Premier Wen Jiabao was quoted as saying th
Read moreSunday newspaper round-up: BAE,BP, Prudential
14th Oct 2012 16:27
The Government demanded that the new chief executive of the defence division of a merged BAE-EADS aerospace giant should be British "in perpetuity", in a move that is believed to have increased tensions with Germany. Ian King, the chief executive of BAE Systems, revealed that the agreement was one o
Read moreFTSE 100 movers: Banks and insurers lifted by Deutsche Bank upgrade
12th Oct 2012 15:50
Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to 'overweight'. However, it was financial services provider Hargreaves Lansdown which topped the leader board in the morning session, after it said it had got off to a "pleasing" start to its new financial year. Hargreav
Read moreBroker tips: Life insurers, ASOS, May Gurney
7th Sep 2012 12:23
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. Among the growth-oriented insurers with higher price-to-earnings multiples, the broker said it prefers Prudential ('outperform') and St James's Place ('neutral') over Standard Life ('u
Read moreBroker snap: Credit Suisse downgrades Legal and General
7th Sep 2012 10:21
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. For the sector as a whole, first-half results met or beat consensus forecasts across most key metrics, the broker said on Friday morning. Credit Suisse said: "Top-line growth softene
Read moreLondon close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreFTSE 100 movers: Macondo still haunting BP
5th Sep 2012 10:43
More than one-tenth of the top-share index's constituents are trading in ex-dividend format this morning, which is acting as a millstone around the benchmark's neck. Integrated oil giant BP, which has the fourth highest weighting in the index's constituent list, is adding to the Footsie's woes, as
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreLondon pre-open: Stocks set to fall ahead of ECB meeting
5th Sep 2012 07:29
London's FTSE 100 index is expected to open slightly lower this morning as investors continue to show caution ahead of a pivotal European Central Bank (ECB) monetary policy meeting tomorrow. City sources predict the Footsie will open down around 10 points from yesterday's close of 5,672. Yesterday
Read morePru completes acquisition of Swiss Re's US unit
5th Sep 2012 07:13
Insurance giant Prudential has completed the purchase of SRLC America Holding Corp from Swiss Re after receiving all necessary regulatory approvals. The acquisition, first announced on May 31st, was made by Pru's indirect wholly-own subsidiary, Jackson National Life Insurance Company. Jackson has n
Read moreBroker tips: Morrisons, Prudential, Home Retail
3rd Sep 2012 11:24
Nomura has downgraded its rating for supermarket group Morrisons after analysing the recent Kantar grocery survey. According to the survey, Morrisons' volume growth lagged behind its counterparts by around 4% at the last data point. "We recognise MRW's ability to preserve profitability, having fac
Read moreBroker snap: Prudential's a 'buy' after recent underperformance
3rd Sep 2012 11:18
Galvan Research and Trading has recommended to buy shares of insurance giant Prudential, saying that the stock's recent underperformance is 'unwarranted'. "Although recent weeks have seen the market plump for sector peer Aviva rather than Prudential, Galvan Research regards the Pru as a 'buy' on th
Read moreLondon close: Stocks sink ahead of Fed minutes
22nd Aug 2012 16:40
- Concerns about Japan and Greece pressure stocks - FOMC minutes eyed - CBO warns about 'fiscal cliff' Following steep falls from the off, losses on the Footsie were cemented today after a poor start on Wall Street as global equity markets reacted poorly to economic data from Japan and ongoing issu
Read moreLondon midday: Footsie drops one per cent as miners fall
22nd Aug 2012 12:01
- Greece to request two more years - Japanese trade deficit concerns miners - BHP sees earnings fall in the first half London's FTSE 100 was trading a whole per cent lower by Wednesday lunchtime as markets focused on concerns about Greece and some gloomy economy data from Japan. "Traders' profit h
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