Friday newspaper round-up: Eurozone, GDP, IAG
23rd Dec 2011 23:05
The Financial Times (FT) leads with an appeal from European Central Bank (ECB) board member, Lorenzo Smaghi, for quantative easing if the Eurozone is threatened by deflation. His comments are controversial as Germany believes such measures are dangerous and contrary to the treaties which underpin
Read moreLondon close: Footsie flounders at the finish
21st Dec 2011 16:40
It was a day of two halves for the Footsie, with the morning's gains reversed in the afternoon session in the wake of the result of the European Central Bank's new three-year credit facility. The European Central Bank allotted €489.2bn in its auction of three-year loans, whereas the market had been
Read moreFTSE 100 Movers: Lloyds leads banks higher
21st Dec 2011 12:58
Banks, in particular Lloyds, were on the rise today, despite credit ratings agency Moody's saying Britain's cherished triple-AAA credit rating could be under threat if the Eurozone crisis worsens. Moody's Investors Service said last night: "Any additional weakening in the macro-economic outlook or
Read moreLondon midday: Footsie laid low by Unicredit, rumours of French downgrade?
21st Dec 2011 11:39
The banks were providing a lift at midday, but the Footsie was registering only slight gains with only a few days before Christmas. Hopes of a 'Santa rally' seem to have been dampened towards midday by the suspension from trading of shares of Unicredit 'limit-down'. They have since resumed trading
Read moreLondon open: Footsie opens up, Tesco's price drops
8th Dec 2011 08:11
The Footsie opened firmly in the blue as investors looked ahead to this evening's EU summit with confidence. Meanwhile, the Bank of England (BoE) and the European Central Bank (ECB) are expected to announce their interest rate decisions after midday. ALL EYES ON THE EURO With the BoE expected to f
Read moreTesco director makes a return
10th Nov 2011 15:25
Chairman of Tesco Bank Andrew Higginson, who recently announced his plans to check-out from the supermarket giant next year, has sold £1.4m worth of his shares in the firm. 54-year-old Higginson, who was formerly group finance and strategy director for the firm, is the man behind Tesco's lucrative
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreThursday tips round-up: J Sainsbury and Tullow Oil
10th Nov 2011 07:21
The Telegraph's Questor column takes a look at J Sainsbury, owners of the eponymous supermarket chain. Sainsbury released some fairly impressive numbers yesterday which included underlying profits just ahead of expectations in a tough economic environment. The other aspect of yesterday's update tha
Read moreFTSE 100 Movers: Admiral dives more than 28%
9th Nov 2011 13:02
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims. In its third quarter statement the firm had said it expected to report record profits for the full year, around 10%
Read moreLondon midday: Financials take a hit as Italian bond yields jump
9th Nov 2011 12:14
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy's soaring borrowing costs. Financials were leading the decline on the blue chip index. ITALIAN BOND YIELDS KEEP ON RISING Yields on benchmark
Read moreDigital Look broker talk
9th Nov 2011 11:10
Admiral: "Admiral's superior profitability has long been a mystery to us, but it now looks as if the apparently superior risk choice is being unwound... We see this IMS as an admission that Admiral is not immune from market forces and this will disappoint the market, we believe" [Investec]. Tullow
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreLondon open: One in the eye for Admiral
9th Nov 2011 08:56
In keeping with most markets across the globe, London is on the up in the wake of the decision by Italian Prime Minister Silvio Berlusconi to proffer his resignation. Look below the surface, however, and you will see that the top-share index's modest rise is largely due to the strength of mining st
Read moreProfits up for Sainsbury as price war continues
9th Nov 2011 07:33
J Sainsbury, the owner of Britain's number three supermarket chain, has seen profits before tax rise to £354m in the first six months of this year, a 6.6% improvement on the same point last year and a touch above analysts expectations of around £350m. The total sales figure was also strong, at £12,
Read moreWednesday preview: HSBC, Sainsbury
8th Nov 2011 18:11
It is another frantically busy day for company results on Wednesday, with Britain's second biggest company by market value, HSBC, keeping the banking results season ticking over while supermarket chain Sainsbury provides another opportunity to take the temperature of the UK high street. Nomura Secu
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