London midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreLondon midday: UK stocks sink 1.4% as investors scale back risk
1st Aug 2014 12:10
- RBS underwhelms with Q2 results - Mining stocks fall as investors scale back risk - Rexam, IAG, Smith & Nephew gain after results - Gaza fighting, US data keeps investors cautious techMARK 2,732.54 -1.17% FTSE 100 6,635.42 -1.41% FTSE 250 15,313.02 -1.18% UK stocks were in the red for the third
Read moreLondon open: Miners, RBS drag UK stocks lower ahead of US data
1st Aug 2014 09:15
- Miners, RBS drag markets lower - US labour-market data in focus - UK stocks follow sell-off on Wall Street techMARK 2,747.58 -0.63% FTSE 100 6,688.51 -0.62% FTSE 250 15,393.35 -0.66% Falling share prices in the mining sector and a cool reaction to quarterly results from Royal Bank of Scotland en
Read moreLondon pre-open: FTSE to track losses seen Stateside
1st Aug 2014 07:46
London's blue chips are expected to extend yesterday's losses early on in Friday's session following a large sell-off in the States on Thursday evening. City sources predict the FTSE 100 will open around 12 points lower than yesterday's close of 6,730.11. US stocks slid after a worse-than-expecte
Read moreRexam hit by FX and high metal prices in first half
1st Aug 2014 07:44
Beverage can maker Rexam said it was on track after an in-line first half despite foreign exchange (FX) and high aluminium prices impacting results. Even though beverage can volumes improved by 4%, the company delivered sales of £1,881m in the six months to 30 June, down 5% on a reported basis over
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreFTSE 100 movers: ITV jumps as Liberty Global buys stake
17th Jul 2014 15:14
Shares in broadcaster ITV were up nearly 7% on Thursday afternoon after Liberty Global spent £481m buying a 6.4% stake in the group from BSkyB, sparking speculation that the US company could return with a bid for the whole company. While Liberty has said that the deal was "an opportunistic and attra
Read moreBroker tips: ITV, Rexam, Kazakhmys
17th Jul 2014 12:19
Even though Liberty Global has signalled that it has no intention to bid for ITV following the acquisition of a 6.4% stake in the broadcaster, Investec has said that takeover speculation is "now likely to be a key part of the investment case" for the UK group. Liberty Global's Chief Executive Mike
Read moreLondon midday: UK stocks sink as West imposes new sanctions on Russia
17th Jul 2014 12:10
- US imposes harsher sanctions on Russia, EU to follow suit - Sanctions to have "devastating consequeunces", says VTB boss - ITV shares surge on M&A hopes techMARK 2,791.26 -0.58% FTSE 100 6,739.98 -0.66% FTSE 250 15,516.69 -0.54% UK stocks pulled back sharply on Thursday morning as increased ten
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreDeutsche Bank downgrades Rexam, sees "limited upside"
17th Jul 2014 10:02
Valuation concerns and rising aluminium prices have prompted Deutsche Bank to cut its rating for canmaker Rexam from 'buy' to 'hold'. The bank has lifted its target price from 550p to 570p as the relative valuation for the wider sector has increased, but it still sees "limited upside to the stock a
Read moreLondon open: UK stocks retreat, but ITV jumps
17th Jul 2014 09:10
- Stock slip after strong gains yesterday - Upbeat Beige Book leads to another record for the Dow - ITV surges on Liberty Global M&A hopes techMARK 2,795.17 -0.44% FTSE 100 6,769.28 -0.23% FTSE 250 15,542.03 -0.37% London's FTSE 100 slipped on Thursday morning, retreating after a big jump the prev
Read moreRexam outlines details of 450m-dollar cash return
13th May 2014 07:28
- Shareholders to receive 57p/share - Return implemented by B/C share scheme, share consolidation As promised, beverage cans manufacturer Rexam is to return around 450m pounds to shareholders following the completion of the sale of the bulk of its Healthcare packaging business. The company outline
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