FTSE 100 movers: Miners provide a drag
5th Nov 2012 15:15
Mining stocks were providing a drag as investors digested the economic figures out in China overnight. The HSBC China services PMI fell from a four-month high of 54.3 to 53.5 in October, contrasting with the official services PMI from the National Bureau of Statistics this weekend which rose from 53
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFTSE 100 movers: IAG leaps on Charles Stanley comments
2nd Nov 2012 16:14
Airlines group IAG was the top performer this afternoon, up three per cent over 168p. Technical analysts at Charles Stanley said: "A close above 168p would suggest that this line is giving way and would amount to a 'trading buy' signal." Oil giant Tullow was also a high riser after JPMorgan Caze
Read moreLondon midday: Markets cautious ahead of US non-farm payrolls
2nd Nov 2012 11:30
- All eyes on US jobs data - Outcome could be a major factor in presidential elections - Admiral, Meggitt and RBS disappoint The FTSE 100 was little changed by Friday lunchtime, having trade within a narrow range for most of the morning session, with investors nervous ahead the pivotal employment
Read moreLondon open: Stocks fall ahead of key US jobs data
2nd Nov 2012 08:48
The FTSE 100 opened slightly lower on Friday morning following a strong rise the day before, as investors showed caution ahead of some pivotal economic data due out across the Pond later today. Financial trader Shavaz Dhalla from Spreadex said that investors are nervous about taking on too much ris
Read moreRBS takes further PPI provisions in Q3, but 'core' improves
2nd Nov 2012 07:17
Further provisions for mis-sold Payment Protection Insurance (PPI) and a hefty charge for own-credit adjustments pushed Royal Bank of Scotland (RBS) into the red in the third quarter, but the bank's underlying performance showed a robust improvement. The part-nationalised lender registered a statut
Read moreFriday preview: Lloyds raises expectations for RBS's results
1st Nov 2012 18:33
Part-nationalised lender Royal Bank of Scotland (RBS) had a good day on Thursday, advancing in the slipstream of Lloyds after the latter's well-received results. RBS's own third quarter trading update, therefore, will probably need to be something special to live up to expectations raised by Lloyds.
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreFTSE 100 movers: BP beats forecasts
30th Oct 2012 15:28
Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
Read moreLondon open: Stocks fall as Hurricane Sandy hits the US
29th Oct 2012 08:31
- New York trading suspended - UK equity markets cautious - Financials fall early on The UK stock market started in the red on Monday morning as investors showed caution as Hurricane Sandy hits the east coast of America. Dubbed as the '100-year storm', Hurricane Sandy has prompted the cancellatio
Read moreLondon close: Stocks bounce after US GDP
26th Oct 2012 16:47
- US growth data boosts stock in afternoon trade - Anglo jumps after CEO exit - Pearson rises on Penguin merger speculation The FTSE 100 bounced into positive territory by the close on Friday afternoon, albeit only just, after better-than-expected growth figures from the world's largest economy che
Read moreNine more banks added to LIBOR probe
26th Oct 2012 13:06
Nine more banks are being summoned by US state prosecutors investigating the LIBOR (London inter-bank offered rate) rate-fixing scandal, according to a report in the Financial Times. Subpeonas are believed to have been sent by Eric Schneiderman, New York Attorney-General, and George Jepsen, Connect
Read moreLondon midday: Banks decline on LIBOR probe
26th Oct 2012 11:36
- Markets nervous ahead of US GDP - More banks linked to LIBOR manipulation - German confidence beats forecasts Caution ahead of today's US gross domestic product (GDP) report and news that more banks have been tied to the LIBOR manipulation scandal weighed on European markets on Friday, with the F
Read moreWeek ahead: Banking results and election fever to take centre-stage
26th Oct 2012 09:08
Next week is set to be an extremely busy week, looking at the corporate and economic calendar from home and abroad. Third-quarter UK corporate earnings season really gets into full swing with some heavyweight Footsie constituents scheduled to report, including GlaxoSmithKline, Shell, Smith & Nephew
Read more