FTSE 100 movers: Man Group regains lost ground on upgrade
6th Jun 2012 14:55
Hedge fund Man Group, which has lost 40% of its share price in 2012 so far, was the best performer by midday after Citigroup upgraded its rating on the stock to buy, saying that "Man is now at the end of its downgrade cycle." However, the US broker did cut its earnings estimates for the group today.
Read moreRBS shares above 200p after consolidation
6th Jun 2012 11:49
A Royal Bank of Scotland (RBS) share price rise of 975 per cent ought to be very good news for the taxpayer, unfortunately today's dramatic gains are the result of a share consolidation as opposed to some actual good news for the 84 per cent state-owned lender. The Royal Bank of Scotland's board ag
Read moreLondon midday: Stocks jump ahead of ECB rate decision
6th Jun 2012 11:39
- All eyes on the ECB - UK construction PMI falls in May - Man Group, miners and banks lead the rise London's blue chip index was firmly higher by Wednesday lunchtime as investors looked ahead to an interest rate decision in Europe due out this afternoon. While the European Central Bank (ECB) is g
Read moreWednesday newspaper round-up: Spain, Barclays, Ireland
6th Jun 2012 07:00
Oil giant BP faces fresh complications in its hopes to sell its 50 per cent stake in its Russian operation. A court in Siberia has called for a new hearing into TNK-BP, the joint venture it has with Alfa Access Renova (AAR), a vehicle run by Russian billionaires. The tie-up has been highly profitabl
Read moreLondon midday: Manufacturing figures pressure markets lower
1st Jun 2012 11:31
- Manufacturing PMIs in UK, Eurozone, China fall - Eyes on US payrolls - BP jumps on TNK-BP sale After a bright start early on, London's blue chip index had dropped into the red by Friday lunchtime after a barrage of disappointing manufacturing data dampened market sentiment. Manufacturing purchas
Read moreLondon open: Stocks rise despite Chinese data
1st Jun 2012 08:25
- Chinese PMI dissapoints - Ireland begins counting votes on fiscal treaty referendum - BP jumps after proposed sale of interest in TNK-BP London's Footsie index bucked the trend seen across European markets to trade firmly higher on Friday morning, ahead of some crucial payrolls data Stateside du
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreLondon close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreRBS Chairman goes in to bat for his CEO
30th May 2012 15:41
Philip Hampton, Chairman of The Royal Bank of Scotland (RBS), staged a robust defence of his management team at the state-owned lender's annual general meeting on Wedenesday. Noting that the new management team is three years into transforming the company from a basket-case into a company that can
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
Read moreFTSE 100 movers: Wolseley leads the way lower as growth slows
29th May 2012 14:42
Leading the fallers was plumbers' merchant Wolseley which saw like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year. Banking groups were also providing a drag in London with heavyweight constituents RBS, Lloyds, and Standard Chartered
Read moreLondon midday: Gains erased as Spain dents sentiment
29th May 2012 11:37
- Spanish concerns weigh on European markets - Earlier optimism surrounding China outweighed by euro worries - Banks slip into the red, miners trim gains Miners had pared their gains by Tuesday lunchtime, meaning that the Footsie had slipped back to where it had started, as Eurozone concerns outwei
Read moreLondon midday: Financials, miners lift Footsie higher
28th May 2012 11:43
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today Reports of rising popularity for Greece's New Democracy party were giving a lift to London's FTSE 100 on Monday morning as fears over an exit from the Eurozone eased. Sever
Read moreLondon close: Footsie finishes higher after late rally
25th May 2012 17:00
- Consumers upbeat in US, Germany - Germany adviser says Greek bailout terms should be changed - Greek uncertainty still apparent The FTSE 100 rallied to close slightly higher on Friday, helped by some positive consumer confidence data in the US and Germany, but gains were limited as the focus cont
Read moreLondon open: German confidence data boosts stocks
25th May 2012 08:28
The FTSE 100 edged higher in early trade on Friday morning on a relatively quiet day for company news after German consumer confidence data lifted sentiment. GfK said that its forward-looking German consumer confidence index held steady at 5.7 points for June, unchanged from May. "Consumer sentimen
Read more