London close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreFTSE 100 movers: Supermarkets drop, Admiral hit by car insurance concerns
17th Dec 2013 16:08
Supermarkets stocks were registering losses on Tuesday afternoon after a report from Kantar Worldpanel revealed that over half the UK shopped in either Aldi or Lidl during the 12 weeks to December 8th for the first time in history. The panel found that all of the Big Four grocers and with the Co-o
Read moreLondon open: FTSE 100 holds at two-month low ahead of Fed
16th Dec 2013 08:28
- FTSE 100 trading at lowest level since October 11th - Taper in focus ahead of Fed decision on Wednesday - Mining stocks weigh on upside after China data techMARK 2,664.73 +0.04% FTSE 100 6,437.51 -0.04% FTSE 250 15,237.35 +0.03% UK markets opened more or less flat on Monday morning, holding at
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreFTSE 100 movers: easyJet, BAE Systems, BT Group
11th Dec 2013 15:22
easyJet soared to the top of the FTSE 100 on Wednesday after the airline was upgraded by Goldman Sachs to 'conviction buy'. The bank cited the group's ability to grab market share in the short-haul market in Europe as legacy carriers restructure. Defence and security company BAE Systems gained afte
Read moreLondon close: Markets edge higher despite falls from Tullow, miners
9th Dec 2013 16:56
- Markets edge higher after positive start on Wall Street - Tullow Oil, mining stocks limit gains in London - Chinese exports slow; Japan GDP revised lower techMARK 2,679.67 +0.34% FTSE 100 6,559.48 +0.11% FTSE 250 15,391.79 +0.49% Markets finished with small gains on Friday after a decent start o
Read moreFTSE 100 movers: Tullow, mining stocks provide a drag
9th Dec 2013 14:57
Oil group Tullow was among the worst performers on Monday after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia as it failed to encounter oil. Mining stocks were also under heavy selling pressure despite data showing a strong acceleration in export growth last month
Read moreLondon midday: Mining stocks drag FTSE 100 lower
9th Dec 2013 11:33
- Miners lower as investors digest China trade data - Japanese growth estimates lowered for Q3 - Tullow disappoints after abandoning well techMARK 2,677.57 +0.26% FTSE 100 6,539.02 -0.20% FTSE 250 15,341.86 +0.16% Weakness in the heavyweight mining sector kept London's FTSE 100 index in the red on
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreFTSE 100 movers: Sage Group biggest riser after annual results
4th Dec 2013 14:16
Sage Group topped the FTSE 100 on Wednesday despite reporting a drop in annual operating profits. "The fall in profit was due to a charge of £188.2m relating to non-core disposals, therefore without this exceptional charge, the firm actually recorded a pretax profit of £360.5m," Spreadex trader Lee
Read moreWednesday tips round-up: Rio Tinto, Northgate
4th Dec 2013 07:40
More difficult times lie ahead for the iron ore industry. Plans announced by Rio Tinto on Tuesday to cut back its iron ore production are a testament to this. The firm will now seek to cut its outlays on capital expenditures to 8bn dollars by 2016, from 15.5bn dollars this year. The aim is to return
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
Read moreLondon midday: Miners, financials drag markets lower despite strong UK data
3rd Dec 2013 11:21
- Risk appetite fades as markets await jobs data - Mining, financial sectors sold off - UK construction PMI defies expectations, jumps to six-year high techMARK 2,645.44 -0.31% FTSE 100 6,539.87 -0.84% FTSE 250 15,211.51 -0.80% UK markets were firmly in negative territory on Tuesday morning despit
Read moreBroker tips: Old Mutual, Banks, Miners
3rd Dec 2013 11:21
JPMorgan Cazenove has trimmed its target price for savings and investment group Old Mutual from 228p to 223p. after adjusting for currency movements. However, the bank maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life busin
Read moreBroker snap: UBS slashes mining target prices after gold, silver downgrades
3rd Dec 2013 10:10
UBS has slashed target prices across the mining sector after downgrading its gold and silver price forecasts for 2014 and 2015. The bank said it now sees few positive catalysts for precious metal prices over the medium term, with the Federal Reserve expected to start tapering quantitative easing in
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