London midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read moreLondon open: Markets flat ahead of Spanish bond auctions
17th Jan 2013 08:27
London's benchmark index opened tentatively on Thursday morning ahead of another big day for corporate earnings in the US. It looks to be a quiet morning for Europe with little data due out, so the focus is likely to be on debt auctions in Spain, as the Treasury attempts to sell 2015, 2018 and 2041
Read moreLondon pre-open: FTSE to fall on global economy fears
17th Jan 2013 07:32
City sources predict the FTSE 100 will open down six points from yesterday's close of 6,104, on concerns over the global economy. The World Bank has cut its global growth forecast for 2013 due to the difficult recovery that economies worldwide are currently undergoing despite the improvement in fi
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreSDL eyes annual profit shortfall
17th Jan 2013 07:10
Translation and communications software firm SDL said full year revenue is expected to be in line with expectations but pre-tax profit for the period is expected to fall short of market forecasts. The Berkshire based group said revenue for the year ended December 31st 2012 is expected to be in a ra
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreFTSE 250 movers: Invensys continues to soar
29th Nov 2012 15:10
Technology group Invensys extended yesterday's surge after announcing last night that it is to sell its rail division to Siemens for 1.742bn pounds, pay down its pension deficit and return 625m pounds in cash to shareholders. Thus, the company's shares were again catapulted higher as talk picked up
Read moreSDL head shows faith after profit warning
27th Nov 2012 16:28
The Chairman and Chief Executive of troubled business, translation and communications software company SDL has added 170,532 shares to his stake in the company one day after it issued a profit warning. Mark Lancaster, who also founded the group in 1992, was clearly keen to show his faith in the gr
Read moreTuesday tips round-up: GlaxoSmithKline, Cranswick,SDL
27th Nov 2012 08:37
Last month, GlaxoSmithKline (GSK) announced a review of its European operations as sales fell 5 per cent in the third quarter, to 6.53bn pounds, a decline which could lead to significant job cuts. The drugs group said continued pressure on drug prices in austerity-hit Europe, together with lower dem
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreFTSE 250 movers: SDL plunges on profit warning
26th Nov 2012 15:52
Business, translation and communications software company SDL plunged after it said it expects a profit shortfall, following a review of the firm, as its struggles against poor sales and marketing execution, as well as the tough economic environment. 'Management forecasts for the year are now consid
Read moreLondon midday: Stocks dip lower ahead of Eurogroup meeting
26th Nov 2012 12:06
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities had fallen slightly lower by midday, despite what appeared like relatively positive news-flow on a number of fronts. To a certain extent however, stocks may be t
Read moreLondon open: Markets start week on a weak footing
26th Nov 2012 08:37
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities began the week with light losses despite what appears like relatively positive news-flow on a number of fronts. Thus, the easiest explanation for the above contra
Read moreLondon pre-open: Small drop expected on FTSE
26th Nov 2012 07:27
City sources predict the FTSE 100 will open down five points from Friday's close of 5,819, as investors show caution as they await news on both the situation in Europe and with the looming so-called fiscal cliff in the US. This predication comes despite the fact the main US equity benchmarks close
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