Friday newspaper share tips: Rolls-Royce descent in focus
13th Nov 2015 11:51
(ShareCast News) - It appeared the papers were singing from the same song sheet on Friday - a song sheet very much focused on Rolls-Royce. The pride of British engineering has hit upon turbulent times of late, and now appears to be in a descent. From a high of 1289p on 7 January 2014, the stock clos
Read moreLondon close: Fed hawks and Chinese data send Footsie lower
12th Nov 2015 15:39
(ShareCast News) - More hawkish remarks than usual from two US rate-setters, alongside hard-to-read Chinese credit statistics took markets lower on Thursday. The president of the US Federal reserve bank of St.Louis, James Bullard, and the Richmond Fed's Jeffrey Lacker said that the US central bank c
Read moreLondon midday: Chinese data, profit warnings weigh on Footsie
12th Nov 2015 11:49
(ShareCast News) - News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, amid a spate of profit warnings in the UK and ahead of an eagerly awaited speech from the chair of the US Federal Reserve herself. So-called aggregate financing in Asi
Read moreLondon open: Chinese credit data weigh on stocks
12th Nov 2015 09:08
(ShareCast News) - News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, London included. So-called aggregate financing in Asia's largest economy, the widest measure of new credit, came in at 476.7bn yuan for October, the least in 15 months
Read moreLondon pre-open: Investors are all ears ahead of ECB's Draghi, Fed's Yellen
12th Nov 2015 07:51
(ShareCast News) - Will the European Central Bank pull the trigger on a new round of quantitative easing when it meets in December? It is with exactly that question foremost in their minds that investors will be waiting on this afternoon's testimony by ECB president Mario Draghi before the European
Read moreRolls-Royce shares tank after profit warning
12th Nov 2015 07:29
(ShareCast News) - Shares in Rolls-Royce tanked after the aerospace and engineering firm said earnings for the year will be at the low end of guidance as it downgraded its expectations for next year and warned of a possible cut to the dividend. The company reaffirmed its 2015 guidance but said profi
Read moreFTSE 100 movers: Wolseley downgrade leads market to continue falling
10th Nov 2015 13:45
(ShareCast News) - The FTSE 100 continued to slide on Tuesday, with the market down 15.27 (0.24%) to 6,279.89 by mid-afternoon. Global plumbing supplier Wolseley led the fallers as the company issued its first quarter update. While first quarter revenues were up 5.3% to £3.5bn and trading profits in
Read moreBroker tips: Rolls Royce, Drax Group, Morrison, Tesco
10th Nov 2015 13:02
(ShareCast News) - Shares in engineering giant Rolls-Royce slid after Exane BNP Paribas slashed its price target on the stock to 685p from 840p to reflect an additional pullback in the civil aerospace margin and further pressure on shorter-cycle activities. Exane said Rolls, which it rates at 'neutr
Read moreRolls-Royce slides as Exane highlights short-term risks
10th Nov 2015 10:01
(ShareCast News) - Shares in engineering giant Rolls-Royce slid after Exane BNP Paribas slashed its price target on the stock to 685p from 840p to reflect an additional pullback in the civil aerospace margin and further pressure on shorter-cycle activities. Exane said Rolls, which it rates at 'neutr
Read moreSunday newspaper round-up: Pressure on sterling, steel suppliers and Sajid Javid
8th Nov 2015 15:41
(ShareCast News) - The pound could plunge against the dollar to levels last seen during the financial crisis due to the increased likelihood of a US interest rate rise. Ever more economists predict December will see the Federal Reserve lift interest rates for the first time in years, while the Europ
Read moreThursday broker round-up
15th Oct 2015 10:40
(ShareCast News) - Serco Group: HSBC downgrades to reduce, cuts target price to 77.00p. Burberry Group: Bank of America downgrades to neutral. Target price: 1500.00p. Nomura reiterates to buy, cuts target price to 1700.00p. WH Smith: Peel Hunt Limited downgrades to add, raises target price to 1680.
Read moreLondon close: Stocks fall as mining shares, oil prices decline
12th Oct 2015 16:10
(ShareCast News) - London stocks ended lower on Tuesday, dragged down by mining shares and drop in oil prices. Glencore was the biggest faller on the FTSE as the troubled miner began the process of selling two of its copper mines in Australia and Chile. Fellow miners Anglo American, Antofagasta and
Read moreFTSE 100 movers: SABMiller gains as AB InBev sweetens approach; Rolls-Royce slumps
12th Oct 2015 14:47
(ShareCast News) - London's FTSE 100 was down 0.7% to 6,374.06 at 1520 BST as investors struggled for direction amid quiet trade, with no major data releases scheduled. SABMiller was on the front foot as Belgium-based Anheuser-Busch InBev sweetened its proposal to £43.50 after its London-listed riva
Read moreLondon midday: Stocks slide on quiet day of news and economic data
12th Oct 2015 11:12
(ShareCast News) - London stocks were in the red amid a lack of drivers on a quiet day for news and economic data releases. A rally in Chinese stocks failed to boost the UK market, as the China Securities Journal reported that the deputy governor of the People's Bank of China said the country's s
Read moreRolls-Royce slumps on European probe report
12th Oct 2015 10:57
(ShareCast News) - Shares in engineering and defence group Rolls-Royce fell sharply as investors got their first chance to react to a press report that European airlines are being forced to enter into anti-competitive contracts to keep their 24,000 aircraft flying. The Financial Times said late on F
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