Sector movers: Increased risk benefits banks, miners
12th Jun 2012 19:34
Banks and miners were making gains on Tuesday as risk appetite increased on the back of hopes that the Federal Reserve (Fed) may announce further stimulus next week at its policy meeting. Chicago Fed President Charles Evans today threw his weight behind the central bank kick-starting the world's la
Read moreLondon open: Stocks flat on euro uncertainty
12th Jun 2012 08:40
- Markets still digesting Spanish request for aid - Investors look ahead to Greek elections, Italian bond auction - Miners and banks drop early on London's blue-chip index opened flat on Tuesday morning with all eyes on the Eurozone following the recent Spanish request for aid and ahead of the cruc
Read moreTuesday newspaper round-up: BoE, House sales, RBS
12th Jun 2012 07:04
Global markets suffered on Monday as early optimism over Spain's 100bn euros (80bn pounds) bail-out proved short-lived, amid fears over the strings attached to the international effort to save its banks and concerns about its mushrooming sovereign debt. Stocks initially climbed and Spanish borrowing
Read moreLondon close: Gains erased on uncertainty over Spain
11th Jun 2012 17:17
- Stocks lose gains after strong start - Spanish requests up to 100bn for troubled banks - Investors eye Greek elections The Footsie finished flat on Monday despite surging from the off after the initial euphoria over a Spanish request for European aid faded quickly. Equity markets across the cont
Read moreFTSE 100 movers: Financials push top tier index higher
11th Jun 2012 14:41
Financial stocks were tracking their European counterparts higher on Monday, as the continent's banking industry celebrated Spain's request for aid. Barclays, Lloyds and RBS were among the highest risers, helped by Oriel Securities which kept buy ratings on all three stocks today. HSBC was also ga
Read moreLondon midday: Gains pared after Spanish bank-bailout
11th Jun 2012 11:28
- Spain asks for 100bn euros for its banks - Spanish bond yields still on the up - Financials across Europe gain The FTSE 100 was firmly in positive territory by Monday lunchtime, but the index was trading well off its intraday high of 5,532 as investors digested this weekend's request from Spain f
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreLondon open: Banks surge after Spanish request for aid
11th Jun 2012 08:33
- Spain asks for 100bn euros in aid - Chinese trade data beats expectations - Increased risk benefits banks and miners The weekend's bailout deal for Spain fuelled a surge in London's blue chips on Monday morning, as concerns over the country's troubled financial sector eased. Spain, the fourth E
Read moreMonday newspaper round-up: China, RBS, Syria
11th Jun 2012 07:05
China's leadership remains under pressure to rescue the world's second-biggest economy from an ugly slowdown, despite a surprise leap in foreign trade last month. Exports surged by 15.3 per cent compared with May last year, while imports increased by 12.7 per cent thanks to a rise in demand for crud
Read moreLondon close: Stocks gain with central banks in the spotlight
7th Jun 2012 16:53
- Gains trimmed after Bernanke comments - China surprises with rate cut - BoE maintains rates and QE The FTSE 100 made impressive gains on Thursday with all eyes on the central banks, though comments from Ben Bernanke knocked the blue-chip index off its intraday high in afternoon trade. The Bank o
Read moreFTSE 100 movers: Johnson Matthey in top spot after top year
7th Jun 2012 15:45
Platinum refiner Johnson Matthey jumped into the top spot after hailing another year of strong growth as it delivered numbers ahead of market expectations and a special divi worth a quid a share. Luxury brand Burberry was hot on its heels after Credit Suisse upgraded the stock from neutral to outp
Read moreLondon midday: China cuts interest rates, steals spotlight
7th Jun 2012 11:39
-PBoC cuts rates -BoE maintains rates and QE -Investors digest stimulus speculation -Stocks react positively to Spanish debt auction The FTSE 100 index was trading close to its intraday high by Thursday lunchtime despite weakness in the mining sector; the Bank of England revealed at noon that it ha
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read moreLondon open: Stocks rise on stimulus hopes
7th Jun 2012 08:35
- Eyes on Spanish auction - Central bank stimulus speculation boosts stocks - MPC to reveal rate decision at noon UK stocks headed higher on Thursday morning ahead of a crucial bond auction in Spain later on today; meanwhile speculation of central bank stimulus at home and abroad lifted sentiment e
Read moreLondon close: Stocks surge after Draghi comments
6th Jun 2012 16:39
- ECB keeps rates unchanged; future rate cut eyed - Cameron, Obama call for 'immediate plan' - Miners and financials jump, ABG rockets The Footsie finished over two per cent higher on Wednesday afternoon as miners and financial stocks surged on speculation of future changes to monetary policy in Eu
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