London close: Stocks rally after Germany approves Greek bailout
27th Feb 2012 16:57
- Germany approves Greek bailout. - Oil prices threaten to derail economic recovery. - Essar drops 15% after full-year results. UK stocks rallied in afternoon trade after the German parliament voted in favour of the €130bn bailout for Greece. The FTSE 100 surged by over 50 points in the final two h
Read moreSector movers: HSBC weighs on the banking sector
27th Feb 2012 15:46
Banks were the worst performers on Monday afternoon after the full-year results from heavyweight constituent HSBC were met with a negative reaction on the markets. Shares in HSBC were down 4.6% at 548,3p despite reporting what was initially seen as a decent set of figures, with reported pre-tax pro
Read moreMonday newspaper round-up: G 20, Barcelona, Prudential
27th Feb 2012 06:36
A communique agreed by G20 finance ministers in Mexico City last night said a decision by Eurozone leaders to boost their own firewall was "essential" before any more external resources were allocated via the International Monetary Fund. (...) Germany's Wolfgang Schaeuble fired back: "Let me be clea
Read moreLondon close: Subdued finish for Footsie, but Vedanta jumps
24th Feb 2012 17:07
- Vedanta jumps on further speculation of restructuring in India. - Lloyds falls on tough outlook for 2012. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie finished flat on Friday after the blue chip index swung between gains and losses in a tight range of just 20 points or so
Read moreLondon midday: Footsie nudges higher ahead of US open
24th Feb 2012 11:49
- Lloyds falls on tough outlook for 2012. - Consumer product groups Unilever, Reckitt sold off. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie was trading just a few points higher by midday on Friday, as a decline in consumer products stocks, miners and Lloyds was offset by a
Read moreFriday broker round-up - UPDATE
24th Feb 2012 09:36
Lloyds Banking Group: Nomura keeps reduce rating and 35p target; Credit Suisse keeps neutral rating and 33p target. Royal Bank of Scotland: Nomura reiterates reduce recommendation and 26p target. RSA Insurance: Nomura downgrades from buy to neutral, target reduced from 148p to 120p; UBS keeps long
Read moreLondon open: Lloyds tumbles but Footsie stays flat
24th Feb 2012 08:26
- Lloyds drops after gloomy outlook. - Hammerson up as NAV rises 7%. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie opened broadly flat on Friday as a strong rise by Capita and Hammerson managed to offset a fall in the mining and banking sectors following a negative reaction t
Read moreFriday newspaper round-up: Greece, Oil, BoE
24th Feb 2012 06:56
Germany's ruling parties are to introduce a resolution in parliament blocking any further boost to the EU's bail-out machinery, vastly complicating Greece's rescue package and risking a major clash with the International Monetary Fund. European solidarity is not an end in itself and should not be a
Read moreLondon close: US data provides a lift
23rd Feb 2012 16:28
- US data comes in better-than-expected. - EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. London's blue chip index finished strongly on Thursday, gaining nearly 40 points in the final two hours, after some better-than-expected economic data Stateside bo
Read moreFTSE 100 movers: Capita in top spot on 2012 predictions
23rd Feb 2012 13:14
Business outsourcing group Capita leapt on news it has achieved a 'reasonable' level of revenue growth in 2011 and expects this to accelerate this year as the value of new and extended contracts more than doubled. Royal Bank of Scotland was hot on its heels despite having made a fourth quarter los
Read moreLondon midday: Gains trimmed after gloomy EU growth forecasts
23rd Feb 2012 11:56
- EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. - German IFO survey comes in at six-month high. After a strong start, gains for the Footsie were pared by lunchtime after the European Commission cut its forecasts for economic growth. The market reaction t
Read moreBroker tips: RBS, Capita, Logica
23rd Feb 2012 11:22
Nomura has maintained its reduce rating and 26p target price for part-nationalised lender Royal Bank of Scotland (RBS), saying that while the group's full-year results were broadly in line with expectations, consensus downgrades are now in the pipeline. "Overall, RBS results were similar to expecta
Read moreBroker snap: Consensus downgrades in pipeline for RBS, says Nomura
23rd Feb 2012 10:40
Nomura has maintained its reduce rating and 26p target price for part-nationalised lender Royal Bank of Scotland (RBS), saying that while the group's full-year results were broadly in line with expectations, consensus downgrades are now in the pipeline. "Overall, RBS results were similar to expecta
Read moreNon-core activities mar RBS's performance
23rd Feb 2012 09:03
There were plenty of numbers to look at in the results of part-nationalised lender Royal Bank of Scotland (RBS), not all of them bad, but the ones that are likely to garner the most attention are the huge loss attributable to shareholders and the massive amounts paid out in bonuses. The bank, which
Read moreThursday broker round-up - UPDATE
23rd Feb 2012 08:31
Bodycote: Credit Suisse raises price target on Bodycote to 380p from 350p. Royal Bank of Scotland: Nomura keeps reduce rating and 26p target. British American Tobacco: Nomura maintains buy rating and 3,320p target. RSA Insurance: Nomura reiterates buy rating and 148p target. Anglo American: Alp
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