London open: Stocks decline ahead of US GDP
26th Oct 2012 08:28
- Stocks nervous after US corporate earnings - Markets cautious ahead of US GDP - Anglo advances on CEO exit The FTSE 100 index declined in early trading on Friday as markets showed caution ahead of a pivotal gross domestic product (GDP) report due out in the US this afternoon. The report, schedul
Read moreSantander UK strategy not to change despite RBS fallout
25th Oct 2012 11:51
Banco Santander Chief Executive Alfredo Sáenz has revealed that a date has not been set for the planned flotation of the group's business in the United Kingdom. Santander's UK business is a significant concern for analysts and investors after plans for an initial public offering (IPO) were postpo
Read moreWednesday newspaper round-up: King, FTT, Spain
24th Oct 2012 07:15
The Bank of England's unorthodox actions to turn around the UK's flagging economy were reaching the limits of their effectiveness, Sir Mervyn King has warned that Britain faces a prolonged economic adjustment. In a bleak assessment of the economy and the ability of monetary policy to generate a stro
Read moreInstitutions to get first bite in RBS share sale
23rd Oct 2012 11:10
Jim O'Neill, the Chief Executive of the UKFI, which manages the Government's investments in the Royal Bank of Scotland and Lloyds Banking Group, has said that the most likely sales of RBS shares would be a market sale to institutions. The news emerged from UKFI's response to questions asked by the
Read moreBroker tips: RBS, Weir, Aggreko...
22nd Oct 2012 12:45
Shares in part-nationalised lender Royal Bank of Scotland (RBS) are trading at 0.6 times tangible net asset value (tNAV) and close to a new 17-month high, which has prompted broker Investec to downgrade its rating for the stock from 'hold' to 'sell'. Investec forecasts another "jaw-dropping statuto
Read moreBroker snap: Investec downgrades RBS to 'sell'
22nd Oct 2012 12:21
Shares in part-nationalised lender Royal Bank of Scotland (RBS) are trading at 0.6 times tangible net asset value (tNAV) and close to a new 17-month high, which has prompted broker Investec to downgrade its rating for the stock from 'hold' to 'sell'. "We are genuine admirers of the Hester/Van Saun
Read moreLondon midday: Stocks push into the blue on Eurozone news
22nd Oct 2012 11:48
-Japanese exports disappoint -Merkel says Irish bank debt is a 'special case' -Miners and banks provide a lift After an earlier fall into the red, London's FTSE 100 was making slight gains by Monday lunchtime as improving news-flow from the Eurozone helped to offset some disappointing economic data
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreSunday newspaper round-up: RBS, BP, Asos
21st Oct 2012 16:09
Nationwide is considering a takeover bid for the 316 bank branches that have been put back up for sale by Royal Bank of Scotland. Britain's biggest building society is mulling a possible offer following the collapse of a £1.65bn deal to sell the network to Santander UK. RBS, which has to dispose of
Read moreLondon close: Stocks fall on concerns over Eurozone
19th Oct 2012 16:44
- EU leaders agree to banking supervisor by January - Aggreko and Bunzl lead fallers in London - US heavyweights disappoint with Q3 results The FTSE 100 index had sunk firmly into the red by the close on Friday as investors awaited further news from the European summit. Aggreko and Bunzl were regis
Read moreLondon midday: Stocks fall as investors await Eurozone developments
19th Oct 2012 11:32
- EU summit in focus - US corporate results disappoint - Aggreko and Bunzl provide a drag on the FTSE 100 The Footsie was slightly lower by Friday lunchtime but was trading within a narrow range of just 19 points as investors awaited further news from the two-day EU summit in Brussels. "The second
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreFTSE 100 movers: IAG rises following IATA stats and buy reiteration
18th Oct 2012 15:09
Shares in IAG got a boost after international trade body the IATA announced that much of August's rise in premium passenger numbers came from the North Atlantic, where British Airways, an airline owned by IAG, dominates. The firm was also boosted by Investec's decision to reiterate its buy recommend
Read moreNewspaper tips round-up: RBS, Randgold
18th Oct 2012 06:52
The fact Royal Bank of Scotland is exiting the government-backed insurance scheme is a good thing, a sign of confidence. It will also save the bank money. Still, Simon English in The Independent cautions the Government against rushing to sell its stake in RBS. He says that even City bankers who stan
Read moreLondon close:Unemployment data boosts sentiment
17th Oct 2012 16:58
The Footsie finished the day firmly in the blue and just short of the day's high after better-than-expected unemployment figures lifted sentiment. Miners were also playing their part, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to incr
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