London open: Banks, ex-div stocks weigh on FTSE 100
2nd May 2012 08:43
- HSBC Chinese PMI improves but still below 50 - Standard Chartered falls after first-quarter update - BSkB leads risers after 'fit and proper' defence Following a strong rise for UK stocks yesterday when European markets were closed for May Day, the FTSE 100 opened lower on Wednesday morning. Lon
Read moreWednesday broker round-up - UPDATE
2nd May 2012 08:37
BP: Jefferies cuts target from 550p to 525p, buy rating kept. British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target. CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p. Halma: Barclays Capital downgrades from
Read moreLondon close: Stocks rebound as Greek debt-swap looms
7th Mar 2012 16:35
-Greek debt-swap participation rate estimated at 58%. -Greek government confident of achieving rate of at least 75%. -Admiral surges after full-year results. London's blue chips bounced back today, following yesterday's sharp selling, with investors now looking to tomorrow's Greek debt-swap deadlin
Read moreFTSE 250 movers: Cobham up after divi hike
7th Mar 2012 15:19
Cobham was top of the the pops today after hiking its dividend and receiving some positive comments from broker Jefferies, which said its full-year results appear 'robust and encouraging'. Basic pre-tax profit jumped 24% from £189m to £234m, while the underlying pre-tax profit rose 7% from £306m t
Read moreLondon midday: Stocks edge higher, markets await Greek debt-swap
7th Mar 2012 11:25
- Admiral jumps 11% as outlook improves. - BATS, CRH, Serco down after going ex-dividend. - Markets await the Greek debt-swap deadline. Following a shaky start, London's FTSE 100 index looked to have found its direction by midday, trading three tenths of a percent point higher following the sell-of
Read moreLondon open: Ex-div stocks offset a surging Admiral
7th Mar 2012 08:34
- Admiral surges 11 percent on full-year results. - Ex-div stocks provide a drag. - Greek debt-swap deadline looms. Following the 2.8 percent tumble over the last three days, the Footsie opened broadly flat on Wednesday ahead of tomorrow's deadline for the Greek debt-swap. A surge in the share pric
Read moreFriday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreThursday tips round up: Renishaw, 3i Infrastructure, Aegis
26th Jan 2012 06:58
Renishaw, the specialist engineering firm, gets the once over from Tempus in the Times. The Gloucestershire based firm, which makes measuring equipment for production lines, gained 20% yesterday after reporting record half yearly revenues, up 11% over the last six months of 2011 versus 2010. China
Read moreLondon close: Banks fall after GDP data, markets await Fed
25th Jan 2012 16:14
- UK GDP figures disappoint. - Markets await FOMC statement and Bernanke. UK stocks finished firmly in the red after worse-than-expected UK gross domestic product (GDP) figures sent banks reeling early on. Meanwhile, markets in the US were mixed ahead of the Federal Open Market Committee (FOMC) sta
Read moreFTSE 250 movers: Renishaw in top spot
25th Jan 2012 14:01
Renishaw, the measurement and medical device manufacturer, surged into the top spot on news the firm's revenues rose 11% in the first half. Geographically, revenue in Europe increased by 25% over the comparable period and the Americas were ahead by 23%. Bookshop and newsagent chain WH Smith was als
Read moreLondon midday: Banks fall as GDP figures disappoint
25th Jan 2012 11:55
- UK GDP contracts in the fourth quarter. - BoE unanimous in decision to maintain rates. - Mortgage approvals rise. In spite of a strong start, London's FTSE 100 experienced a sharp decline in morning trade following some disappointing gross domestic product figures which came in worse than expecte
Read moreLondon open: Stocks up ahead of economic data
25th Jan 2012 08:39
London's Footsie opened slightly higher on Wednesday morning with the mood boosted by last night's strong showing from US tech giant Apple. In UK news, a raft of economic data is due out this morning, including the minutes from the January meeting of the Bank of England's Monetary Policy Committee
Read moreRenishaw expects a recovery in electronics, shares rocket
25th Jan 2012 07:23
The future is looking bright at Renishaw, the measurement and medical device manufacturer, with sales looking set to rise even more after a record half year for revenue. The company saw revenue growth of 11% during the second six months of 2011 compared to the same period of 200. The company says i
Read moreLondon close: Footsie rises as markets await news from Greece
23rd Jan 2012 16:32
- Markets await news from Greece. - Essar Energy jumps over 10%. - EU approves sanctions against Iran. UK stocks finished the day with impressive gains as investors awaited developments from Greece. Meanwhile, finance ministers of the Eurozone were meeting in Brussels to discuss terms of the Greek
Read moreFTSE 250 movers: Renishaw rises on upgrade
23rd Jan 2012 15:50
Renishaw was a high riser after UBS upgraded the precision tool maker from neutral to buy, saying that the long-term story outweighs near-term risks. Oilfield support services provider Hunting followed suit, rising 4% after saying results for 2011 are set to be above market expectations after a st
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