London close: Growth concerns sink stocks for second straight day
9th Oct 2012 16:35
- Miners gain, but Footsie finishes firmly lower - IMF cuts forecasts; investors nervous ahead of Alcoa - UK economic data paints gloomy picture - Crude rises on Mid-East tensions With the International Monetary Fund (IMF) cutting its growth forecasts and Wall Street starting on the back foot ahead
Read moreLondon midday: Footsie slides as IMF spreads the gloom
9th Oct 2012 11:37
- IMF cuts global growth forecasts for 2012 and 2013 - UK economic data comes in mixed - Footsie still down despite mining strength The FTSE 100 remained firmly in the red during the morning session Tuesday after the International Monetary Fund (IMF) cast a cloud of gloom over the markets after dow
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreLondon open: Stocks slip after IMF cuts growth forecasts
9th Oct 2012 08:25
- IMF cuts global growth estimates - Q3 US earnings season to kick off this evening - Capita and Aggreko dented by broker downgrades UK stocks continued to fall on Tuesday morning following a steep drop the day before, as concerns about the global economy were fuelled by a downgrade to growth forec
Read moreLondon close: US data provides a late boost
3rd Oct 2012 16:34
- US services and labour figures lift stocks - Mixed economic data in China, UK and Europe - FTSE 100 finishes up 0.3 per cent The UK benchmark finished with mild gains on Wednesday afternoon after some better-than-expected data from the US managed to brighten the mood, which was dampened earlier b
Read moreFTSE 100 movers: Sainsbury rises while Tesco drops
3rd Oct 2012 15:48
International Airlines Group (IAG) said September traffic figures had been boosted by heavy promotional activity by British Airways during and after the Olympic Games. "This has positively impacted our volumes in both premium and non-premium cabins, the carrier British Airways' September traffic, m
Read moreLondon midday: Stocks flat as economic data disappoints
3rd Oct 2012 11:21
- Gloomy Chinese, UK and Eurozone data - Rajoy denies bailout - FirstGroup sinks after West Coast disappointment. The FTSE 100 was trading broadly flat by midday on Wednesday as investors remained cautious after a raft of disappointing economic data. China's non-manufacturing purchasing managers'
Read moreBroker tips: Tesco, Schroders, FirstGroup
3rd Oct 2012 11:01
Seymour Pierce has retained its 'reduce' rating for supermarket giant Tesco after the group's first-half profits came in well below expectations. Tesco this morning reported a 15% drop in first-half profit before tax (pre exceptionals and property profits) to £1,497m, under Seymour Pierce's £1,603m
Read moreBroker snap: UBS downgrades Schroders to 'sell'
3rd Oct 2012 09:59
UBS has cut its recommendation for asset manager Schroders from 'neutral' to 'sell', saying that expectations are too high. "We downgrade Schroders to 'sell' as we believe that expectations on flows and on capital returns have led the stock to re-rate vs peers while we remain cautious on both point
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreSchroders buys Indian asset management business
18th Sep 2012 14:19
Asset manager Schroders has said its wholly-owned subsidiary, Schroder Singapore, has completed the acquisition of 25 per cent of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank. The transaction was made to enable Schroders to participate in th
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreFriday broker round-up
3rd Aug 2012 08:17
Avanti Communications: Jefferies maintains buy rating and 600p target. BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept. Cairn Energy: AlphaValue downgrades to sell. FlyBe: HSBC initiates coverage with overweight rating and 90p target. Hammerson: Credit Suisse lifts ta
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