Monday broker round-up UPDATE
28th Jul 2014 11:06
African Barrick Gold: UBS ups target price from 260p to 290p and maintains a buy recommendation. Deutsche Bank cuts target price from 300p to 280p and reiterates a buy recommendation. Anglo American: UBS downgrades from buy to neutral with a target price of 1700p. Barclays: Nomura cuts target pric
Read moreCredit Suisse ups RBS price target but retains underperform
28th Jul 2014 10:48
Royal Bank of Scotland (RBS) is progressing better than expected on the run-down of the assets of its non-core RBS Capital Resolution (RCR) arm, but its valuation already captures the "steady state" profile of returns which can be expected, according to Credit Suisse. The lender's latest results re
Read moreLondon close: FTSE in red on geopolitical tensions, data
25th Jul 2014 16:59
- FTSE closes 29.91 lower at 6,791.55 - Geopolitical tensions, housing data weighs - UK Q2 GDP shows 0.8% growth techMARK 2,799.28 -0.81% FTSE 100 6,791.55 -0.44% FTSE 250 15,691.81 -0.36% UK stocks ended the final session of the week in the red as geopolitical tensions, housing data and and downg
Read moreFTSE 100 movers: RBS tops the leaders after surprise H1 profit
25th Jul 2014 15:36
RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn, or £3.3bn excluding restructuring and l
Read moreSector movers: Electronic and real estate stocks slide
25th Jul 2014 14:54
Real estate stocks declined, led by Hammerson and British Land, after a report showed UK house prices grew at the slowest pace in 18 months in July. Hometrack said property prices increased by 0.1% this month, down from 0.3% in June and 0.5% in May. House prices in London stalled in July, recording
Read moreLondon midday: FTSE in red despite GDP data, RBS results
25th Jul 2014 12:05
- FTSE down 8.42 at 6,813.04 - Q2 GDP in line with expectations at 0.8% - RBS leads, BSkyB in bottom spot - Carillion and Balfour in merger talks techMARK 2,810.19 -0.42% FTSE 100 6,814.09 -0.11% FTSE 250 15,740.00 -0.06% London's blue chips remained in the red by lunchtime despite a strong perfor
Read moreLondon open: RBS gains limit losses on FTSE
25th Jul 2014 09:06
- Initial losses largely reversed - RBS leaps after surprise H1 profit - Eyes on UK Q2 GDP techMARK 2,814.40 -0.27% FTSE 100 6,815.84 -0.08% FTSE 250 15,757.37 +0.06% The FTSE opened in the red but losses were largely reversed following a surprise first-half profit from Royal Bank of Scotland, wh
Read moreRBS jumps on H1 profit surprise, although caution remains
25th Jul 2014 08:30
Royal Bank of Scotland (RBS) on Friday delivered a much better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn,
Read moreWeek ahead: Eyes on Barclays during frantic week
24th Jul 2014 17:03
An extremely busy week lies ahead, with a tumult of the largest companies on the London stock market announcing second-quarter and half-year results. The week begins quietly enough on Monday and Tuesday, with a Reckitt Benckiser expected to post lower profits on Monday due to forex movements, an in
Read moreLondon close: Positive finish after banking sector rises on Fitch comments
24th Jul 2014 16:59
- FTSE closes up 23.31 at 6,821.46 - Retail sales in surprise dip - Fitch comments lift banking sector techMARK 2,822.06 -0.05% FTSE 100 6,821.46 +0.34% FTSE 250 15,748.69 +0.14% London-listed stocks ended the day higher following a relatively steady morning of gains and a slight dip mid afternoon
Read moreFTSE 100 movers: Reed Elsevier leads risers
24th Jul 2014 16:06
Reed Elsevier was the top riser after it reported a 4% increase in half year revenue at constant currency and a 5% increase in the dividend. Shares in International Airlines Group climbed after an agreement was reached between the group and its main trade unions that could see as many as 1,427 job
Read moreSector movers: Banks rise on Fitch comments, accounting change
24th Jul 2014 14:59
Upbeat comments from Fitch and changes in accounting standards gave the UK-listed banking sector a boost on Thursday. HSBC was the standout performer in afternoon trade, rising 2.4%, while Barclays and RBS rose over 1%. Ratings agency Fitch said that so-called Viability Ratings (VRs) on banks in E
Read moreLondon midday: Stocks erase losses as banks and housebuilders gain
24th Jul 2014 12:04
- Banking, housing stocks provide a boost - Kingfisher, Easyjet slump after results - Ukraine still in focus as Russian sanctions discussed - Eurozone PMI improves, UK retail sales fall techMARK 2,821.65 -0.06% FTSE 100 6,802.89 +0.07% FTSE 250 15,726.48 0.00% UK stocks managed to turn around afte
Read moreWednesday newspaper round-up: Apple, RBS, Tesco...
23rd Jul 2014 06:54
Sales of the iPad have slumped to half their pre-Christmas high, with signs that demand for Apple's tablet computer may be in permanent decline. Despite a forecast-busting $7.7bn (£4.5bn) profit, the computing firm's shares dipped in after-hours trading as sales of its tablet fell to 13.3m from thei
Read moreRBS executives make 'belated U-turn' on evidence, says Tyrie
22nd Jul 2014 17:41
Senior executives at Royal Bank of Scotland (RBS) have been accused by MP Andrew Tyrie of making a "belated U-turn" on evidence given to the Treasury on allegations about the way the bank treats its small businesses. Tyrie said he is writing to Sir Philip Hampton, Chairman of the bank, to complain
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