London close: FTSE ends flat after data-heavy session
21st Nov 2013 16:49
- Flat finish after mixed session - US jobless claims fall - UK car manufacturing grows - Johnson Matthey charges higher techMARK 2,636.63 +0.40% FTSE 100 6,681.33 0.00% FTSE 250 15,148.50 -0.20% UK stocks ended the day broadly flat after a mixed bag of data left investors lacking in any firm dire
Read moreFTSE 100 movers: Johnson Matthey tops leaders after results impress
21st Nov 2013 15:07
Shares in speciality chemicals company Johnson Matthey leapt to the top of the leaderboard after it reported a robust set of half-year results, powered by a strong performance in Emission Control Technologies ahead of new European legislation and good demand for Process Technologies' products. The
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreLondon pre-open: Modest gains expected ahead of data release
6th Nov 2013 07:30
City sources predict the FTSE 100 will open around eight points higher than yesterday's close of 6,746.84, tracking modest gains seen on some US benchmarks on Tuesday and ahead of key data due out on both sides of the Atlantic later today. Speculation about the Federal Reserve continued to be in f
Read morePersimmon hoists sales and margins in Q3, but Help to Buy 'muted'
6th Nov 2013 07:03
- Profits improved with margins up over 300bps yoy - Help to Buy muted since October - No news on cash distribution Housebuider Persimmon has seen sales and profits improve in the third quarter but said the impact of the Help to Buy scheme had been 'muted' since October due to slow reactions from m
Read moreWednesday preview: Persimmon, JD Wetherspoon and Lancashire report
5th Nov 2013 14:53
Wednesday's agenda will be busy with interim results from FTSE 350 firms and economic data releases. Kicking off the day will be results from such companies as Persimmon, JD Wetherspoon and Lancashire. Housebuilder Persimmon is expected to confirm trading conditions since its last update at the en
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreLondon close: Stocks surge on signs of progress in Washington
10th Oct 2013 16:35
Stocks rebounded strongly on Thursday after hitting a three-month low the day before, as hopes that US politicians can resolve the ongoing deadlock in Washington prompted bargain hunters back into the market. The FTSE 100 finished 92.58 points higher at 6,430.49, a rise of 1.46%. This comes after t
Read moreFTSE 100 movers: Persimmon boosted by 'Help to Buy' confidence
10th Oct 2013 14:35
House builder Persimmon was a high riser this afternoon as optimism over the government's 'Help to Buy' scheme continues to help the stock bounce off recent lows. The share price has now gained over 10 per cent over the last two days. Whitbread shares leapt on market chatter about a potential spin-
Read moreLondon midday: Stocks rebound strongly from three-month low
10th Oct 2013 11:16
UK markets jumped strongly on Thursday morning following three straight days of losses as hopes build over a resolution to the political deadlock in Washington and the continuation of monetary stimulus by the Federal Reserve. After hitting a three-month low yesterday, the FTSE 100 rebounded strong
Read moreLondon close: Footsie continues orderly retreat
9th Oct 2013 16:10
The ongoing debt-ceiling debate saw the Footsie slip moderately lower on Wednesday, with the nomination of arch-dove Janet Yellen to the Chair of the US Federal Reserve doing little to assuage market worries. London's benchmark FTSE 100 index ended Wednesday's session at 6,337.91, a level not seen
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
Read moreSector movers: Bullish Goldman note boosts house builders
9th Oct 2013 14:47
An aggressively bullish note from analysts at Goldman Sachs put a rocket up housebuilding and estate agency stocks on Wednesday. The influential broker said valuations for residential construction companies were too conservative, with the government's Help to Buy scheme helping lift British house
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
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