London close: Markets pare gains as investors digest Greek deal
27th Nov 2012 16:39
- Europe grants Greece more aid - OECD cuts growth estimates - Footsie comes off day's highs by the close After a solid start for the Footsie following last night's Greek bailout deal, gains were pared by the close of trade on Tuesday with some saying that the agreement just kicks the can down the
Read moreFTSE 100 movers: Banks give FTSE boost
27th Nov 2012 15:21
Banking peers Royal Bank of Scotland, Lloyds and Barclays were registering decent gains as investors built positions in 'riskier' assets. RBS was benefitting this morning from an rating upgrade by UBS to 'buy'. Meanwhile, Barclays Capital raised its target price for both RBS and Lloyds, helping prov
Read moreLondon midday: Stocks hold on to gains despite gloomy OECD forecast
27th Nov 2012 11:28
- Greek aid deal lifts stocks - OECD cuts growth forecasts - UK Q3 GDP growth confirmed at one per cent Stock markets across Europe were trading firmly in positive territory on Tuesday morning following last night's Greek aid deal; however the bounce was only moderate with analysts saying that the
Read moreLondon open: Footsie gains after Greek deal
27th Nov 2012 08:25
Banks and mining stocks were providing a lift to equity markets on Tuesday morning as risk appetite increased on the back of last night's Greek bailout deal. After countless delays, Eurozone finance ministers finally inked out an agreement on Greece, giving the green light to the disbursement of th
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreLondon close: Stocks dragged into the red by Barclays
26th Nov 2012 16:25
- Osborne names Canadian as new Bank of England chief - Agreement on Greece a real possibility tonight - Barclays leads bank stocks lower UK equities ended the day firmly lower, with banks weighing heavily on the Footsie after Deutsche Bank AG and Goldman Sachs agreed to sell as many as 303.3m sha
Read moreSector Movers: Banks become biggest fallers, dragged by Barclays
26th Nov 2012 15:44
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group from fallin
Read moreFTSE 100 movers: Barclays drags banks lower
26th Nov 2012 15:04
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group falling. Th
Read moreSunday newspaper round-up: BP, Thomas Cook, RBS
25th Nov 2012 17:40
BP has opened secret talks with Russia's state-owned energy giant Gazprom to help build a pipeline to bring vast quantities of gas into Britain by 2016. David Peattie, BP's director for Russia, said talks were at 'an early stage' but Financial Mail understands that David Cameron has given the thumb
Read moreLondon midday: Stocks edge higher after German data
23rd Nov 2012 11:25
London's FTSE 100 index was making gains by Friday lunchtime after some better-than-expected data from Germany, though stocks were trading within a tight range on light volumes with just 18 points separating the benchmark's intraday high and low. "Financial markets are attempting to build gains at
Read moreFriday newspaper round-up: EU summit, UBS, RBS branch sale...
23rd Nov 2012 06:51
European leaders voiced pessimism on Friday on reaching a deal on a trillion-euro EU budget, as gruelling talks pushed into a second day with little prospect of bridging bitter divisions. The summit talks in Brussels were suspended overnight after less than an hour and a half, having already begun h
Read moreLondon midday: Markets cautious ahead of Eurogroup meeting on Greece
20th Nov 2012 11:27
Following on from a 2.36 per cent surge yesterday, the FTSE 100 pulled back on Tuesday morning with concerns about the Eurozone being reignited ahead of an extraordinary Eurogroup meeting on Greece scheduled for this evening. Eurozone finance ministers are meeting today in Brussels to discuss wheth
Read moreBroker tips: HSBC, Serco, Ocado
19th Nov 2012 10:58
Investec has upgraded its rating for global banking giant HSBC from 'hold' to 'buy', saying that the downgrade cycle could finally be over. Investec has raised its target price for the stock from 590p to 630p. "From here, we expect outperformance versus Lloyds ('sell') and RBS ('sell')." Credit Su
Read moreBroker snap: HSBC to outperform Lloyds and RBS, says Investec
19th Nov 2012 09:03
Investec has upgraded its rating for global banking giant HSBC from 'hold' to 'buy', saying that the downgrade cycle could finally be over. The broker said on Monday morning that despite the material improvement in credit experience seen in the third quarter and further encouraging trends in underl
Read moreMonday newspaper round-up: RBS branches, BP, Virgin...
19th Nov 2012 06:45
The UK government is eyeing possible plans to turn 316 branches owned by Royal Bank of Scotland into a state-backed business lender. The move is seen as an option if no buyer can be found for the estate, which RBS is being forced to sell in return for receiving state aid during the financial crisis
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