London open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreLondon close: Barclays weighs on the Footsie
29th Jul 2013 17:05
London equities finished the session slightly higher, up by 0.08% at 6,560.25 points or by 5.40 points. The benchmark came off earlier highs following a weaker than expected report on housing Stateside and after a report in the Financial Times said that Barclays may tomorrow announce a greater th
Read moreLondon open: Analysts challenge consensus forecasts for Fed and China
29th Jul 2013 08:15
According to the Financial Times European demand for oil is is rising for the first time in two years, possibly indicating increased economic activity. Yet that may not be the only thing which has been on the increase of late. Thus, and for the first time in a quite a bit, investors have awoken on
Read moreReckitt Benckiser sees full year sales growth at top end of range
29th Jul 2013 07:34
Consumer products giant Reckitt Benckiser said full-year revenue growth would be at the upper end of expectations after a strong first half. The maker of Cillit Bang and Nurofen painkillers reported revenues rose to £5.0bn in the six months to the end of June from £4.7bn in the same period last yea
Read moreLondon close: Stocks weighed down by periphery woes
12th Jul 2013 18:01
A positive start to trading on Wall Street helped the Footsie to evade the losses seen in the rest of the Continent as a result of a sharp rise in Portuguese bond yields. Strong gains in the financial sectors, as investors continued to focus on dovish comments from Federal Reserve Chairman Ben Berna
Read moreLondon close: Gains trimmed as nerves set in ahead of Fed decision
17th Jun 2013 16:48
Markets started the new week on a positive note, though gains were trimmed by the close on Monday as traders refrained from taking too much risk ahead of the all-important policy decision from the Federal Reserve later this week. Global markets have been extremely choppy over the last month since F
Read moreFTSE 100 movers: Resolution, Vodafone, Reckitt
17th Jun 2013 14:28
Guernsey-incorporated investment vehicle Resolution topped the FTSE 100 Monday after JP Morgan increased its target price from 273p to 302p and maintained a 'neutral' rating. Vodafone Group was dragged higher by a bounce in the wider Telecommunications sector despite reports in The Sunday Times acc
Read moreLondon midday: FTSE 100 lifted by Resolution, Reckitt and Vodafone
17th Jun 2013 11:22
The FTSE 100 was performing strongly on Monday morning as bargain hunters moved in to pick up stocks following the index's recent slump. Global markets have been extremely choppy over the last month since Federal Reserve Chairman Ben Bernanke suggested that the bank could begin 'taper' its quantita
Read moreBroker tips: AB Foods, Reckitt, Invensys
17th Jun 2013 11:21
Nomura has downgraded its rating for food ingredients and retail group Associated British Foods from 'neutral' to 'reduce', saying that the stock is too expensive now that the profit boom for Sugar and Primark over the past two years is no longer supported. The broker cut its target price for the s
Read moreBroker snap: Reckitt Benckiser is undervalued by market, says Citigroup
17th Jun 2013 09:11
Shares in consumer products giant Reckitt Benckiser were making gains on Monday morning after Citigroup reiterated its 'buy' rating and 5,450p target price, saying that the stock is undervalued. "We are buyers of Reckitt for the recovery of its core business and for its potential in Consumer Health
Read moreLondon open: Stocks gain but traders nervous ahead of Fed meeting
17th Jun 2013 08:23
Stocks registered decent gains in early trading on Monday though upside is expected to be limited throughout the day as traders nervously await a policy meeting at the Federal Reserve in a few days' time. Both the economic and corporate earnings schedules for today are looking pretty light, so the
Read moreLondon midday: FTSE 100 down one per cent as volatility continues
31st May 2013 11:26
The volatile trade seen over the past week continued on Friday with investors turning nervous ahead of another raft of economic indicators from the US later on. "European markets have taken a leg lower this morning as traders look to scale back risk heading into the month's end, with the central ba
Read moreLondon open: Markets down as traders await economic data
31st May 2013 08:21
Stocks sank sharply on Friday morning, continuing the volatile pattern seen over the past week, as traders cautiously awaited more economic figures from the States. Stocks gained slightly yesterday as a worse-than-expected second reading of US gross domestic product growth and a rise in jobless cla
Read moreLondon midday: Footsie flat as miners dampen earlier gains
20th May 2013 11:26
The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector. "A dearth of economic data in Europe this morning is mirrored across the Pond, giving traders the opportunity to pause and assess ahead of
Read moreLondon open: Markets open higher as surge continues
20th May 2013 08:40
London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy. The FTSE 100 surpassed its 2007 high of 6,732 in intraday trade this morning as it continue
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