London open: Miners lead stocks higher on Chinese stimulus hopes
12th May 2014 08:29
- Chinese stimulus hopes increase after Xi comments - Ukraine in focus after regional referenda - BSkyB in talks with Fox over German, Italian assets techMARK 2,785.14 +0.10% FTSE 100 6,828.98 +0.21% FTSE 250 15,940.81 +0.35% UK stocks edged higher on Monday morning despite heightened tensions in
Read moreFTSE 100 movers: Persimmon leads housebuilders higher
6th May 2014 14:54
Persimmon led the UK housebuilders higher today, lifted by Barclays which increased its target price on the stock from 1,333.6p to 1,530p. In a report, Barclays said: "Against an improving backdrop, the recent sell-off of house builders warrants close attention. We see strong fundamentals: greater
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
Read moreSector movers: Basic resource stocks rise after strong US jobs report
2nd May 2014 15:26
Basic resource stocks, such as those in the mining, oil and gas sectors, rose on Friday, with sentiment boosted by a much better-than-expected US employment report, as an improved outlook for the world's largest economy increased hopes over demand. The Bureau of Labor Statistics reported that the U
Read moreLondon close: FTSE closes above 6,700 despite sanctions on Russia
28th Apr 2014 16:59
- FTSE closes up 14.47 at 6,700.19 - AstraZeneca drives index higher - US imposes sanctions on Russia - China's Politburo signals no new large-scale easing ahead techMARK 2,770.82 +0.83% FTSE 100 6,700.16 +0.22% FTSE 250 15,826.24 -0.39% UK stocks closed modestly higher today, driven by AstraZene
Read moreFTSE 100 movers: AstraZeneca soars on Pfizer bid interest
28th Apr 2014 14:40
AstraZeneca was the day's stand-out performer, up by more than 15 per cent this afternoon after US pharma giant Pfizer confirmed that it had made a 'preliminary, non-binding indication of interest' regarding a possible merger in January. The 60bn pound proposal was rejected by AstraZeneca's board bu
Read moreLondon open: FTSE 100 rises as AstraZeneca jumps
28th Apr 2014 08:33
- AstraZeneca jumps as Pfizer confirms interest - Pharma stocks outweigh weakness in basic resource shares - Japanese retail sales surge, but analysts still cautious - BG Group drops after CEO exit, update techMARK 2,780.12 +1.17% FTSE 100 6,700.83 +0.23% FTSE 250 15,848.32 -0.25% UK markets edge
Read moreLondon close: FTSE closes in positive territory, pharma stocks lead
22nd Apr 2014 16:15
- FTSE closes up 56.51 points at 6,681.76 - Easter weekend retail sales disappoint - Monthly US existing home sales down 0.4 per cent techMARK 2,738.48 +2.18% FTSE 100 6,681.76 +0.85% FTSE 250 16,082.24 +1.10% The FTSE 100 closed on an upbeat note today, having touched 6,700 earlier in the sessio
Read moreFTSE 100 movers: AstraZeneca surges on takeover speculation
22nd Apr 2014 14:37
AstraZeneca was rising strongly on speculation that Pfizer could make a takeover approach for the company, in a transaction valued in the region of 60bn pounds, representing the biggest deal ever in the industry's history and the largest foreign takeover of a UK business on record. While AstraZene
Read moreLondon midday: Pharma deals lift stocks as FTSE 100 nears 6,700
22nd Apr 2014 11:36
- FTSE 100 at highest since April 4th - Astra jumps on Pfizer takeover speculation - GSK announces massive three-part deal with Novartis techMARK 2,741.04 +2.28% FTSE 100 6,691.88 +1.01% FTSE 250 16,103.19 +1.23% Heightened M&A activity in the pharmaceutical sector gave UK markets a boost on Tues
Read moreLondon open: Pharma M&A gives UK stocks a lift
22nd Apr 2014 08:59
- FTSE 100 at highest since April 4th - Astra jumps on Pfizer takeover speculation - GSK announces massive three-part deal with Novartis techMARK 2,729.51 +1.85% FTSE 100 6,683.16 +0.87% FTSE 250 16,031.64 +0.78% Strong gains from heavyweight pharmaceutical groups gave UK markets a boost on Tuesd
Read moreWednesday broker round-up UPDATE
16th Apr 2014 08:44
Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central
Read moreRio Tinto under fire for safety after deaths in Indonesia
15th Apr 2014 21:32
Rio Tinto was on Tuesday accused by unions and protestors of neglecting safety, leading to the deaths of 33 people in Indonesia last year. Trade union IndustriAll, which represents 50m industrial workers worldwide, said Rio had committed "very wide breaches of fundamental rights" and could have don
Read moreFTSE 100 movers: Royal Mail leads risers, miners slide lower
15th Apr 2014 14:00
Royal Mail shares were in the top spot in today's session, as investors await to hear the government's decision on whether to sell the remaining 30 per cent stake in the group now that the lock-up period has expired. According to the BBC, senior Tories are firmly in favour of a sale. Defensive stoc
Read moreSector movers: Rio Tinto leads miners lower amid weak data from China
15th Apr 2014 14:00
Mining stocks were out of favour on Tuesday on the back of rising concerns about a slowdown in China, falling metal prices and a poor reaction to production figures at sector heavyweight Rio Tinto. A measure of new credit in China declined by almost a fifth in March, figures from the People's Bank
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