London open: Stocks rebound after heavy sell-off
24th May 2012 08:45
- EU leaders clash over Eurobonds - Chinese manufacturing continues to contract - Financials wanted after recent sell-off Equity markets shrugged off an underwhelming EU summit and some disappointing Chinese data on Thursday morning to rebound following a heavy sell-off yesterday. The outcome of l
Read moreLondon close: Footsie drops to 2012-low on euro uncertainty
8th May 2012 16:26
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London An early sell-off in New York sent UK stocks reeling on Tuesday afternoon, pushing the Footsie to its lowest closing level in 2012 so far. Political uncertainty in the Eurozone tod
Read moreFriday broker round-up
4th May 2012 09:21
AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged. BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept. British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p. Dairy Crest: Jefferies initiates coverage with a buy reco
Read moreLondon midday: Investors eye ECB decision as stocks edge higher
3rd May 2012 12:08
- Investors await ECB decision - Successful bond auctions in France, Spain - Mixed reception to barrage of corporate updates The Footsie had traded within a narrow range in morning trade after a strong start ahead of a closely watch interest rate decision from the European Central Bank (ECB) due th
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreLondon open: Stocks rise ahead of ECB decision
3rd May 2012 08:34
- Mixed reception to barrage of blue-chip corporate updates - ECB expected to maintains rates - Kesa in demand after Darty development The FTSE 100 rose strongly on Thursday morning, rebounding after a sharp fall the day before, with investors looking ahead to an interest rate decision from the Eur
Read moreSchroders profits fall but AUM rises
3rd May 2012 07:59
Fund manager Schroders has seen a dip in pre-tax profits and inflows in the first three months of 2012, while also completing a strategic investment in Indian outfit Axis AMC. Group profit before tax was £95.5m compared to the £103.8m in the first quarter of 2011. Net inflows were £1.6bn compared
Read moreSchroders extends reach in India
27th Apr 2012 15:02
Asset manager Schroders is to take a substantial stake in the Indian asset management business of Axis Bank. Schroders is acquiring 25% of Axis Asset Management Company (Axis AMC), a company which has assets of around $2.3bn under management. The transaction is subject to regulatory approval and i
Read moreLondon midday: Gains cemented by Spanish auction, ZEW index
17th Apr 2012 11:39
- Spain sees strong demand at debt auction - German ZEW surprises to the upside - Barclays leads banks higher after BofA note Gains for London's blue chip index had been extended by Tuesday lunchtime after some positive newsflow from Europe and a rebound in the banking sector. Spain issued €3.18bn
Read moreTuesday broker round-up - UPDATE
17th Apr 2012 08:36
BHP Billiton: Jefferies reiterates buy rating and 2,500p target. Burberry: Merchant Securities downgrades from buy to hold; Investec maintains buy recommendation and 1,690p target. Dairy Crest: Numis upgrades from add to buy. Daily Mail & General Trust: Investec maintains buy rating and 578p targ
Read moreLondon close: Stocks soar after ISM data
2nd Apr 2012 16:49
- Chinese, UK, US PMIs beat expectations in March - Eurozone PMI disappoints, jobless rate on the up - Pearson leads the rise on the Footsie, miners also in demand After initially paring gains early on, the Footsie surged in afternoon trade on Monday after some better-than-expected manufacturing d
Read moreMonday broker round-up
2nd Apr 2012 09:26
Ashtead: Jefferies reiterates buy rating and 300p target. Bodycote: Jefferies maintains buy recommendation and 475p target; Investec raises target from 400p to 410p, buy rating kept. BT Group: Jefferies raises target from 237p to 268p, buy rating maintained. Centrica: Investec ups target from 423
Read moreLondon close: UK GDP, Eurozone concerns weigh on stocks
28th Mar 2012 16:40
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Comments from ECB's Weidmann weigh on markets Just a dozen or so stocks on the FTSE 100 finished in the blue on Wednesday as the benchmark index sank a whole percentage point to its lowest level of the day. A weaker-than-expe
Read moreFTSE 100 movers: Investors turn to defensive stocks following GDP data
28th Mar 2012 13:52
Investors appeared to be shifting their money into defensive sectors, such as pharmaceuticals and utilities, putting drugs giants GlaxoSmithKline and Shire in demand, joined by energy firm International Power and National Grid. Investor sentiment was hit by the news that the UK economy did worse i
Read moreLondon midday: Stocks slip after UK GDP data
28th Mar 2012 11:36
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Defensives in demand The FTSE 100 swung between gains and losses during the morning session in London as stocks reacted to some worse-than-expected economic data. The UK economy did worse in the last three months of 2011 than
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