London midday: Stimulus hopes drive risk appetite
30th Jul 2012 12:03
- Juncker says leaders have 'no time to lose' - Markets await policy decisions by ECB and Fed - Yields fall at Italian bond auction European stock markets were making moderate gains on Monday morning as risk appetite increased on the back of hopes of central bank action this week in Europe and the
Read moreHair-shirt wearers in Southern Europe slow Reckitt
30th Jul 2012 10:46
Despite Anglo-Dutch households good behemoth Reckitt Benckiser maintaining the rate of growth in its top line in the second quarter the reaction to the Cillit Bang maker's interim results has been muted. "Net revenue growth of 4% [over the half year] was driven by continued excellent performance fr
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreLondon open: Central bank hopes drive gains early on
30th Jul 2012 08:26
- Leaders have 'no time to lose', says Juncker - Markets await ECB decision on Thursday - QE3 hopes drive gains UK stocks rose in early trading on Monday on the back of hopes that the European Central Bank (ECB) will act this week to stem the Eurozone crisis. Eurogroup head Jean-Claude Juncker sai
Read moreLondon pre-open: FTSE set for good start to the week
30th Jul 2012 07:35
City sources predict the FTSE 100 will open up 26 points from Friday's close of 5,627, with the week set to get off to a positive start following the comments last week from European Central Bank (ECB) president Mario Draghi, who said the bank would do whatever necessary to rescue the euro. His comm
Read moreReckitt keeps up the pace
30th Jul 2012 07:01
Cillit Bang maker Reckitt Benckiser maintained its like-for-like sales growth in the second quarter of 2012. Net revenue in the first half of the year was £4,669m, up 1% year-on-year using actual exchange rates and up 4% on a constant exchange rates (CER) basis. Like-for-like (LFL) sales growth on
Read moreFriday broker round-up -UPDATE
27th Jul 2012 09:54
African Minerals: Goldman Sachs upgrades to buy. AG Barr: Investec reiterates buy recommendation and 485p target; Shore Capital downgrades to hold; N+1 Brewing downgrades to hold. AstraZeneca: Nordea downgrades to sell. Barclays: Investec maintains buy rating and 240p target. BG Group: UBS cuts
Read moreWeek Ahead: HSBC, BP, BoE rate decision, US jobs ...
27th Jul 2012 09:24
Though not as busy as the week just ended, next week has its fair share of big events, including results from BP, the Bank of England's interest rate decision and US jobs data for July. On Monday, under-fire banking giant HSBC and household goods titan Reckitt Benckiser get the week underway. HSBC
Read moreLondon close: Barclays limits late rally for Footsie
28th Jun 2012 16:51
- Losses pared but banks still weigh on market - Barclays and banks sold off on Libor issues - Ladbrokes drops after profit warning London's blue-chip index finished at 5,493 on Thursday, well above its intraday low of 5,438 but still firmly in the red, as banking stocks provided a drag on the back
Read moreLondon midday: Banking stocks tank on Libor controversy
28th Jun 2012 11:42
- EU summit to begin soon - UK GDP in line with initial estimates - Libor scandal hits Barclays, banking stocks With the heavyweight banking sector extending its earlier losses, the Footsie was trading close to its lowest levels of the day by Thursday lunchtime ahead of the two-day EU summit which
Read moreBroker tips: Reckitt, Polymetal, Ladbrokes
28th Jun 2012 11:39
Consumer products group Reckitt Benckiser was under the weather on Thursday morning after Credit Suisse downgraded its rating on the stock from 'outperform' to 'neutral' and cut its target price to 3,500p from 3,800p. "Reckitt's historical outperformance in the marketplace was driven by its almost
Read moreBroker snap: Credit Suisse downgrades Reckitt to 'neutral'
28th Jun 2012 11:17
Consumer products group Reckitt Benckiser was under the weather on Thursday morning after Credit Suisse downgraded its rating on the stock from 'outperform' to 'neutral'. "Reckitt's historical outperformance in the marketplace was driven by its almost unique ability to garner growth from the develo
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreLondon open: Stocks slip ahead of EU summit, Barclays under fire
28th Jun 2012 08:44
The Footsie opened lower on Thursday morning as investors remained cautious ahead of what is likely to be a closely watched EU summit in Brussels that kicks off today. European leaders are expected to discuss specific steps towards a cross-border banking union, closer fiscal integration and the po
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
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