London midday: Stock fall with corporate earnings in focus
22nd Jul 2013 11:56
The FTSE 100 has started the week on a dull note, trading with moderate losses on Monday morning as traders turned nervous a busy week for corporate earnings. Markets are in for a "bumpy ride" this week with nearly a third of S&P 500 companies set to report their quarterly earnings, according to Fi
Read moreLondon close: FTSE 100 near seven-week high
15th Jul 2013 16:28
Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read moreBroker snap: Recent sell-off at Aberdeen overdone, says UBS
12th Jul 2013 11:04
The recent share price fall at Aberdeen Asset Management over the past month has been overdone, according to UBS, which reiterated its 'buy' rating for the stock on Friday. "The market is pricing in outflows in emerging market (EM) equities; while we expect these to have slowed, we note that Aberde
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreFTSE 100 movers: Serco gains on growth forecast
28th Jun 2013 12:59
Public services outsourcing company Serco Group led the FTSE 100 race on Friday after saying it expects to report strong revenue growth in its full-year results. Schroders edged higher as the asset manager was upgraded by analysts at BNP Paribas to an 'outperform' rating in a research report on Fr
Read moreLondon midday: Markets rangebound after recent gains
28th Jun 2013 11:23
The FTSE 100 erased early gains by Friday lunchtime with markets rangebound on the last day of trading before the end of the second quarter, with traders pausing for breath after strong gains seen over the past three sessions. Since hitting a five-month low of 6,029 on Monday, the benchmark index h
Read moreLondon open: Gains extended into fourth day
28th Jun 2013 08:38
The FTSE 100 looked set to deliver its fourth consecutive day of gains on Friday, as it begins the final day of trading in the second quarter in a positive fashion. Since hitting a five-month low of 6,029 on Monday, the benchmark index has rebounded strongly over the past few sessions, gaining nea
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreFTSE 100 movers: Financials rise, offset weakness amongst miners
26th Jun 2013 14:18
Gains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreNew Schroders CFO builds stake
8th May 2013 15:29
The new Chief Financial Officer of Schroders, Richard Keers, who this month replaced Kevin Parry, has begun building his stake in the asset management company. Keers, who joined from PricewaterhouseCoopers (PwC), purchased 18,875 shares at 2,384p. The £449,980 transaction comes just a few days a
Read moreSchroders confirms change of CFO
7th May 2013 10:03
Asset manager Schroders has confirmed that its Chief Financial Officer, Kevin Parry, has stepped down from the role, and was replaced by Richard Keers, as previously reported. The change took effect on May 5th. The share price rose 1.05% to 2,409p in early trade. NR
Read moreLondon midday: Markets subdued as eyes turn to ECB
2nd May 2013 11:18
Markets were trading within a narrow range on Thursday as traders refrained from taking risk ahead of a potential rate cut from the European Central Bank (ECB) this afternoon. The consensus forecast is for a 25 basis-point cut in the ECB's key lending rate (the 'refi' rate) from 0.75% to 0.5%, give
Read moreLondon open: Markets cautious ahead of ECB decision
2nd May 2013 08:57
The FTSE 100 was in the red in early trading on Thursday as nerves set in ahead of the all-important European Central Bank (ECB) policy decision later on. "The day of reckoning has arrived, with the market largely priced for a 25 basis-point (bp) cut in the ECB's main refinancing rate to 0.50%. The
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