London close: Fed's Yellen sparks gains on hopes of continued stimulus
14th Nov 2013 16:28
- Yellen comments in focus as taper speculation picks up - Corporate earnings come in mixed - Economic data weakens in UK, Eurozone techMARK 2,649.23 +0.90% FTSE 100 6,666.13 +0.54% FTSE 250 15,257.93 +0.51% Markets were able to shrug off some disappointing economic data on Thursday as hopes over
Read moreFTSE 100 movers: Aberdeen, Prudential, Burberry
14th Nov 2013 14:23
Aberdeen Asset Management's shares rebounded after falling earlier in the week on growing fears it could be caught up in a bidding war for Scottish Widows Investment Partnership. Prudential advanced after saying new business profit rose 12% in the first nine months of the year, driven by demand fo
Read moreLondon midday: Markets pare gains after poor economic data
14th Nov 2013 11:33
- UK retail sales fall 0.7 per cent in October - French, German GDP paint gloomy picture - Yellen says Fed has 'more work to do' techMARK 2,644.91 +0.73% FTSE 100 6,656.19 +0.40% FTSE 250 15,279.90 +0.66% Hopes over a continuation of US stimulus prompted a strong start for the FTSE 100 on Thursday
Read moreLondon open: Stocks surge on stimulus hopes after Yellen comments
14th Nov 2013 08:17
- Yellen says Fed has 'more work to do' - FTSE 100 rebounds from four-week low - French, German GDP paint gloomy picture techMARK 2,649.73 +0.92% FTSE 100 6,688.86 +0.89% FTSE 250 15,335.50 +1.03% Dovish remarks from the soon-to-be Chair of the Federal Reserve gave markets a big boost on Thursday
Read moreLondon pre-open: Yellen comments to drive strong start
14th Nov 2013 07:32
City sources predict the FTSE 100 will open around 50 points higher than yesterday's close of 6,630, with investors expecting welcome dovish comments from the soon-to-be Chair of the Federal Reserve Janet Yellen. Yellen, who is expected to take over from Ben Bernanke as the head of the Fed in Janu
Read moreRexam trading in line during third quarter
14th Nov 2013 07:12
- Third-quarter trading in line with expectations - Full-year expected to show improvement over 2012 - Plans to divest the healthcare business on track FTSE 100-listed consumer packaging company Rexam said trading since the start of July has been in line with company expectations and it remains co
Read moreThursday broker round-up UPDATE
26th Sep 2013 08:22
African Barrick Gold: Deutsche Bank ups target price from 137p to 145p and maintains a hold recommendation. African Minerals: Macquarie reduces target price from 307p to 280p and reiterates an outperform rating. Deutsche Bank cuts target price from 450p to 423p, while its buy recommendation is kept
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreLondon close: Disappointing US jobs report sparks late sell-off
2nd Aug 2013 16:27
After a relatively quiet start to the trading session, markets sunk sharply into the red on Friday afternoon after the US economy added far fewer jobs than forecast in July. Non-farm payrolls increased by just 162,000 last month, lower than the downwardly revised 188,000 increase in June and much w
Read moreSector movers: Rexam, Vesuvius lift industrials higher
2nd Aug 2013 15:12
Consumer packaging firm Rexam and molten metal engineering outfit Vesuvius were giving the industrial sector a lift on Friday as investors celebrated the companies' half-year results. Rexam, the FTSE 100 group which makes beverage cans and packaging for healthcare/personal care products, pleased th
Read moreFTSE 100 movers: William Hill and RBS disappoint with H1 figures
2nd Aug 2013 15:04
Shares in William Hill sank sharply on Friday morning as investors gave a cool reaction to the High Street bookie's first-half results, in which pre-tax profits came in flat year-on-year. The firm also didn't give an update on current trading, though analysts at Canaccord Genuity said that July will
Read moreLondon midday: Markets flat as nerves set in ahead of US jobs report
2nd Aug 2013 11:55
Markets were rangebound on Friday morning as investors scaled back risk appetite ahead of the all-important US jobs report due out this afternoon. Even a impressive reading of construction activity in the UK failed to give stocks a boost this morning; the UK construction purchasing managers' index
Read moreLondon open: Stocks flat as markets await US jobs, RBS sinks early on
2nd Aug 2013 08:24
Stocks opened tentatively on Friday morning with markets taking a pause as investors waited to see whether the ongoing improvement in US economic data would continue with the all-important employment report due out this afternoon. The momentum in the US economic recovery gathered pace this week wi
Read moreLondon pre-open: Markets in optimistic mood ahead of US jobs report
2nd Aug 2013 07:31
Markets are expected to open in positive territory on Friday morning as investors show optimism ahead of the all-important US jobs report due out later on. City sources predict the FTSE 100 will open up 24 points from yesterday's close of 6,682. Economic data from the States has continued to impr
Read moreRexam H1 profits hit by higher costs
2nd Aug 2013 07:03
Drinks can maker Rexam was restrained by high aluminium and labour costs, dragging first half profits lower than last year's. Even though sales from continuing operations rose 1.2% to £1.97bn, underlying pre-tax profits that exclude the non-core healthcare business fell 2.3% to £169m. However, ma
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