FTSE 100 movers: Aberdeen lower on accelerating outflows, HSBC underwhelms
5th May 2015 13:21
Asset manager Aberdeen led the fallers as it reported an accelerating outflow of funds, with £11.3bn withdrawn by investors in the six months to 31 March. HSBC was trading lower, after underwhelming with its first-quarter results despite profits coming in ahead of expectations. Reported pre-tax prof
Read moreLondon midday: Markets up but gains limited ahead of election
5th May 2015 11:37
Stocks started the shortened trading week positively on Tuesday, taking their cue from gains in Europe and the US the previous day. After being closed on Monday for the bank holiday, the FTSE 100 was up 0.38% at 7,012.52 by midday, rising for the third straight session. However, falls from HSBC, mi
Read moreLondon open: Stocks rise, but miners limit upside after RBA rate cut
5th May 2015 09:14
UK stocks opened in the green on Tuesday morning after the long weekend as markets tracked gains in Europe and the US the previous session, though miners were limiting upside. The FTSE 100 was trading 0.5% higher at 7,021.16 early on with gains capped as political uncertainty kicked in ahead of poll
Read moreLondon close: Markets shrug off weak data as Lloyds and miners surge
1st May 2015 16:37
Strong gains from mining stocks and an impressive first-quarter performance from UK lender Lloyds helped UK markets to rise on Friday, as investors shrugged off mostly worse-than-expected economic data. "With Europe mostly out of action for May Day, it was a quiet day in London, but at least the tra
Read moreFTSE 100 movers: Lloyds surges on strong first quarter profits, property stock lower
1st May 2015 13:10
Lloyds Banking Group topped the risers after delivering a bigger-than-forecast 21% jump in underlying profits in the first quarter, as impairment charges more than halved. The UK lender also lifted its net interest margin guidance for the full year and improved its capital position. Stimulus hopes w
Read moreLondon open: Lloyds beats forecasts but markets fall ahead of long weekend
1st May 2015 09:05
London stocks fell on Friday despite a better-than-expected first quarter from Lloyds Banking Group as investors were treading carefully in the absence of trading across Europe. The FTSE 100 was down 0.51% at 6,924.94 early on, with most equity markets on the continent closed for May Day. Analyst C
Read moreFTSE 100 movers: HSBC rockets on domicile review, Astra hit by heartburn rival
24th Apr 2015 13:19
HSBC topped the risers as it launched a review of its UK domicile in light of the changing regulatory landscape. Some media commentators suggested the announcement, carefully timed ahead of the general election, was politically motivated. After receiving some takeover interest in one of its division
Read moreSector movers: Miners in demand as weak China data lifts stimulus hopes
23rd Apr 2015 15:53
It was a case of bad data being good news for the mining sector on Thursday as stocks surged on hopes for further stimulus in China. A HSBC survey said the Chinese manufacturing purchasing managers' index fell from 49.6 to a one-year low of 49.2, surprising analysts who had expected no change. Econ
Read moreWednesday broker round-up
22nd Apr 2015 12:33
BHP Billiton: UBS reiterates buy and 1,625p target price. Rio Tinto: Deutsche Bank stays at buy and 4,200p target. Sky: Goldman Sachs maintains neutral and 1,200p target. Associated British Foods: Nomura lifts target to 2,850p from 2,760p and reiterates neutral. ARM Holdings: Exane BNP reiterates
Read moreLondon close: Late rally pushes FTSE higher after choppy session
21st Apr 2015 16:25
UK stocks ended a choppy session in the green as an afternoon rally saw the FTSE 100 erase losses and push back towards its record high. "A good set of European earnings results sent stocks in Europe back towards all-time highs on Tuesday, sustained by ECB bond-buying and the lingering effects of th
Read moreSector movers: Rio Tinto leads miners lower on weak Q1, broker downgrade
21st Apr 2015 14:52
Mining stocks were among the worst performers on Tuesday afternoon as investors booked profits after a strong showing the previous session. Metal producers' shares had surged on Monday following news that China has lowered its reserve requirement ratio by the most since 2008 in an effort to spur ban
Read moreFTSE 100 movers: Sky rockets on Q3 results, miners and oils stocks lower
21st Apr 2015 13:44
Sky topped the FTSE 100 risers after third-quarter results showed the most growth in 11 years. The broadcaster grew customer numbers 70%, which fed through to a 20% increase in operating profits. Smartphone and tablet microchip designer ARM Holdings surged after beating its own guidance with a 14% j
Read moreTuesday broker round-up
21st Apr 2015 13:18
Tullow Oil: Deutsche Bank reiterates hold and keeps target price at 370p. Tesco: Citi reiterates neutral and 235 target price. BHP Billiton: Barclays reiterates overweight and lifts target to 3,500p from 3,300p. Rio Tinto: Barclays downgrades to equalweight and lower target to 2,850p from 3,350p.
Read moreBroker tips: Rio Tinto, Anglo American, SABMiller, Kingfisher
21st Apr 2015 11:28
Mining giants Rio Tinto and Anglo American were under the cosh in London as analysts at Barclays Capital lowered their recommendations on both stocks after slashing their commodity prices forecasts. The broker downgraded its rating on Rio from 'overweight' to 'equal weight', cautioning that the comp
Read moreLondon midday: Stocks erase gains as ongoing Greek debt saga hits sentiment
21st Apr 2015 11:28
After briefly coming close to their intraday record high, UK stocks dropped into the red by Tuesday lunchtime after data showed that the Greek debt saga was weighing on economic confidence in Germany. Heavy falls in the mining sector were also hitting markets, offsetting well-received quarterly earn
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