London midday: Shares comes off the top
7th Jul 2009 12:11
Prices are off the top despite expectations of a moderately firmer opening on Wall Street. Earlier shares had been given a lift by the release of the latest British Chambers of Commerce (BCC) survey showed a rebound of confidence levels in the second quarter. Britain may have seen the worst of the
Read moreLondon open: Flat start for blue chips
7th Jul 2009 08:49
London's blue chips have opened flat despite Wall St's strong rally just before it closed. Miners have recovered some of the losses run up yesterday, helped by the late pick-up on Wall Street. Kazakhmys, Vedanta and Lonmin have rallied the most so far this morning. Housebuilder Persimmon has seen
Read moreLondon pre-open: Positive start likely
7th Jul 2009 07:34
London's blue chips look set to open slightly higher after spending most of the day firmly in negative territory yesterday. Traders are expecting Footsie to open up 18 points. Housebuilder Persimmon said it has seen both volume and revenues improve recently and expects that trend to continue agains
Read morePersimmon encouraged by improvement
7th Jul 2009 07:18
Housebuilder Persimmon said it has seen both volume and revenues improve recently and expects that trend to continue against the weak conditions experienced throughout the second half of 2008. The group also said unless there is a substantial change in current market conditions, it does not expect
Read moreTuesday preview: Persimmon, Michael Page
6th Jul 2009 16:05
Struggling housebuilder Persimmon had some long overdue good news for shareholders in April when it said sales volumes in the first 16 weeks of the year had been ahead of expectations, albeit at the cost of margins. On Tuesday it will be the first of three housebuilders to give a trading update an
Read moreBroker tips: Miners, Housebuilders, Aegis
6th Jul 2009 13:11
Mining stocks dragged the Footsie lower on Monday morning despite some positive comment from Deutsche Bank. The German bank has upgraded Latin American copper miner Antofagasta from "sell" to "hold" and bumped up the target price from 317p to 527p. Kazakhi copper miner Kazakhmys also gets the upg
Read moreBroker snap: Bovis and Bellway offer best value
6th Jul 2009 13:09
RBS has taken a look at the UK housebuilding sector and reckons Bellway and Bovis Homes offer the best value in the sector after both stocks went into a slump post-April. Royal Bank of Scotland (RBS) has upgraded both stocks to "buy", with Bellway upgraded from "hold" and Bovis from "sell". Ahead
Read moreFTSE 250 movers: Moneysupermarket update cheers market
6th Jul 2009 12:33
Price comparison website Moneysupermarket.com is going well after saying results for the third quarter are in line with expectations after a mixed third quarter. The firm's travel operations were among the strong performers. EasyJet gain altitude after the airline said it carried 0.8% more passenge
Read moreBroker tips: M&S, Lloyds, housebuilders
1st Jul 2009 12:46
The first quarter trading update from Marks & Spencer has pleased the market, with the food division showing its third consecutive quarter of improved performance. Singer Capital Markets, which believes the shares are fairly priced, acknowledges that first quarter sales were "considerably better" t
Read moreBroker snap: Housebuilders oversold
1st Jul 2009 12:02
The share price revival by housebuilders ran out of steam in June but Merrill Lynch believes many of the big names in the sector are undervalued and trading on a "worst case scenario" basis. The broker has upgraded Taylor Wimpey and Persimmon from "neutral" to "buy" on valuation grounds. Merrill Ly
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
Read moreLondon afternoon: Leading shares trim losses
28th May 2009 14:12
Shares staged a fight back over the lunch-time session but Footsie remains in the red ahead of the opening on Wall Street, which is expected to see shares open moderately firmer. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of
Read moreLondon midday: Bears bite Man
28th May 2009 11:56
Stock market bears were out in force again this morning in London after thee overnight shake-out on Wall Street. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of the US is in short supply but the stock is also weighed down by
Read moreBroker tips: Lonmin, housebuilders, Mitchells & Butlers
21st May 2009 11:32
Platinum miner Lonmin has been boosted by a positive note from Citigroup which said that the management came across as confident, 'but not recklessly over-confident' in a meeting with sell-side analysts this week. Citi believes Lonmin's bosses are right to be quietly confident, but added that the '
Read moreBroker snap: Credit Suisse softens view on housebuilders
21st May 2009 11:30
After being bearish on the housebuilding sector since the second half of 2007, Credit Suisse now thinks the sector might have turned the corner. Improving economic data, some signs of life in the UK housing market, plus attractive valuations for many housebuilding stocks has prompted the Swiss bank
Read more