London midday: Weak macro data prompts sell-off
23rd Apr 2012 11:41
- Chinese, Eurozone PMIs show contraction - Eyes on political situation in France, Netherlands - Miners provide a drag on Footsie Weak data from both China and the Eurozone was weighing heavily on the FTSE 100 in morning trade on Monday, while political tensions in France and the Netherlands were a
Read moreFTSE 100 movers: Miners and insurers sold off
23rd Apr 2012 09:51
Miners are taking a hammering after the HSBC preliminary flash purchasing managers' index (PMI) rose from 48.3 to 49.1 in April but still remained under the crucial 50-point level, which shows that the industry is still contracting. "This suggests that the earlier easing measures [from Beijing] ha
Read moreLondon close: Footsie flat, gains pared after US data
19th Apr 2012 16:32
- Stocks wobble after US data, French rumours - Spanish auction strong - Cable and Wireless Worldwide extends offer deadline After a solid start, London's blue chip index finished flat on Thursday as weaker-than-expected economic data from the US dampened sentiment late on. US stocks started cauti
Read moreFTSE 100 movers: Hargreaves Lansdown in top spot on record third quarter
19th Apr 2012 14:49
Hargreaves Lansdown, the financial services provider and asset management group, rose strongly after seeing a record level of Assets under Administration (AuA) in the three months to March 31st despite the tough macro-economic conditions. Engineer IMI was a high riser after Jefferies upgraded its r
Read moreLondon midday: Stocks gain on strong demand for Spanish debt
19th Apr 2012 11:51
- Spanish auction well received despite rising yields - US futures up in wake of earnings results - Hargreaves leads Footsie higher, CWW plummets on FTSE 250 After an initial dip following the results of the Spanish debt auction, the Footsie had regained its momentum by lunchtime on Thursday, tradi
Read moreBroker tips: IMI, Prudential, African Barrick Gold
19th Apr 2012 11:28
Jefferies has raised its recommendation for engineering group IMI from hold to buy, saying that while the group isn't exactly geared for high growth, it does provide high returns. "IMI is a curate's egg of a stock in some respects. A conglomerate with five divisions, it seldom fires on all cylinder
Read moreBroker snap: UBS highlights Prudential's Asian strength
19th Apr 2012 11:22
UBS has reiterated its buy rating for insurance group Prudential, saying its division Prudential Corporation Asia (PCA) compares favourably to pan-Asian life insurance rival AIA due to its structural advantages. The Swiss broker says that PCA's exposure to Indonesia should drive returns in the medi
Read moreThursday broker round-up - UPDATE
19th Apr 2012 09:44
Afren: UBS raises target from 150p to 160p, buy rating unchanged. African Barrick Gold: Investec cuts target from 562p to 404p, hold kept. APR Energy: UBS downgrades from neutral to sell, target slashed from 1,110p to 860p. BHP Billiton: Credit Suisse reiterates outperform recommendation and 2,46
Read moreLondon open: Stocks rebound after heavy sell-off
5th Apr 2012 08:28
- Market awaits BoE decision - Ashmore flying high after upgrade - Miners recover after sell-off yesterday London's blue chip index rose moderately in early trading on Thursday ahead of a long weekend, recovering after yesterday's sell-off. The Footsie fell 135 points, or 2.3%, yesterday on the ba
Read moreOphir Energy director makes massive sale
2nd Apr 2012 16:18
Rajan Tandon, a Non-Executive Director of FTSE 250 African energy firm Ophir, has ditched 10m shares in the firm, cashing in on the recent surge in its share price. The director sold the shares for 500p for a total of £50m. The sale comes just days after the company's share price leapt on the bac
Read moreIG Group non-exec tops up stake
30th Mar 2012 16:06
Stephen Hill, a Non-Executive Director of IG Group Holdings, the FTSE 250 spread-betting firm, has purchased 111,736 shares. Hill, who worked as the CEO of the Financial Times for Pearson between 1996 and 2002, bought the shares at 444.15p each for a total of £496,275. The purchase comes just a
Read moreLondon close: UK GDP, Eurozone concerns weigh on stocks
28th Mar 2012 16:40
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Comments from ECB's Weidmann weigh on markets Just a dozen or so stocks on the FTSE 100 finished in the blue on Wednesday as the benchmark index sank a whole percentage point to its lowest level of the day. A weaker-than-expe
Read moreLondon midday: Stocks slip after UK GDP data
28th Mar 2012 11:36
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Defensives in demand The FTSE 100 swung between gains and losses during the morning session in London as stocks reacted to some worse-than-expected economic data. The UK economy did worse in the last three months of 2011 than
Read moreLondon open: Stocks flat ahead of GDP data
28th Mar 2012 08:24
- Investors await UK GDP data - RSA, Pru, Anglo among ex-div stocks providing a drag - Kenmare, Petropavlovsk lead rise on FTSE 250 London's blue chip index opened cautiously on Wednesday with ex-dividend stocks registering heavy losses, while concerns over the outlook for US economic growth weighe
Read moreTUI chief funds tax charges with share sale
19th Mar 2012 16:14
Johan Lundgren, Deputy Chief Executive Officer of TUI Travel, a FTSE 250 company, has sold 124,777 shares at 193.54p each, leaving him with a total of 882,964 shares. The director said the £241,493 sale was made to cover accumulated tax liabilities relating to his move from Sweden to the UK in 20
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