London afternoon: Footsie condolidates gains
9th Jul 2010 14:39
Shares edged a little bit higher over the lunch time session with little sign yet of investors looking to bank the week's gains. Mining stocks are leading the advance. Antofagasta is the stand-out stock in the sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buy
Read moreLondon midday: Stocks becalmed
9th Jul 2010 11:59
After a bright start things in London have tailed off with those traders still chained to their screens probably contemplating an early getaway for the week-end. Constituents of the FTSE 100 index are almost exactly divided between leaders and laggards, with insurers and base metal miners prominent
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jul 2010 07:23
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0623 GMT [Dow Jones] HSBC initiates coverage of UK house builders. Expects 5% to 35% falls in the share prices of the five UK
Read moreMARKET TALK: HSBC Initiates UK House Builders
9th Jul 2010 07:23
0623 GMT [Dow Jones] HSBC initiates coverage of UK house builders. Expects 5% to 35% falls in the share prices of the five UK house builders with the biggest exposure to northern regions based on its construction team's forecast of a 5% regionally-weighted contraction in house prices in '10-'11. See
Read moreWednesday tips round-up: PartyGaming, Persimmon, Meggit
7th Jul 2010 06:58
Online gamer PartyGaming's protracted merger talks with Bwin, its Austrian rival, are apparently still on ? just. But the biggest game in town is the US, where the authorities, despite their earlier moralistic stance, need the revenues. Any move will probably be on a state-by-state basis, and Part
Read moreLondon close: Footsie ends on a high
6th Jul 2010 17:01
The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 11:02
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1002 GMT [Dow Jones] Persimmon's (PSN.LN) outlook statement is noticeably hesitant, says Investec Securities. In the short te
Read moreMARKET TALK: Persimmon Outlook Hesitant - Investec
6th Jul 2010 11:02
1002 GMT [Dow Jones] Persimmon's (PSN.LN) outlook statement is noticeably hesitant, says Investec Securities. In the short term, it's best to avoid the stock and the sector, says Investec. "We believe the housing market has lurched down in recent weeks according to our meetings with the industry." H
Read moreLondon open: Miners race away
6th Jul 2010 08:54
Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production
Read moreUPDATE: Persimmon Prepares For Seasonally Strong Autumn Season
6th Jul 2010 08:48
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Persimmon PLC (PSN.LN), the U.K.'s largest house builder by market capitalization, Tuesday said it will open up new sites to prepare for the normally stronger housing market in the autumn, after beating analyst expectations, which se
Read moreINTERVIEW: Persimmon May Take On More Debt When Econ Improves
6th Jul 2010 08:11
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s largest house builder by market capitalization, Persimmon PLC (PSN.LN), will take on more debt if necessary to buy land, Chief Executive Mike Farley told Dow Jones Newswires in an interview Tuesday. "We are happy to se
Read moreMARKET TALK: Persimmon Low Gearing To Provide Protection
6th Jul 2010 07:58
0658 GMT [Dow Jones] Persimmon's (PSN.LN) update shows legal completions in the six months ended June 30 were around 16% ahead of the previous year, with average selling prices up by around 8%, says Shore Capital. Notes the majority of the company's land bank has planning for traditional two and th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Persimmon's (PSN.LN) update shows legal completions in the six months ended June 30 were around 16% ahe
Read more