London open: Markets rangebound after steep sell-off
16th Aug 2013 08:42
The FTSE 100 opened broadly flat on Friday morning with markets rangebound as sentiment still remained fragile following the steep sell-off the day before. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited concerns that the Federal Reser
Read moreSage CFO steps down two weeks early
16th Aug 2013 08:10
Accountancy software firm Sage revealed on Friday that its long-running Chief Financial Officer (CFO) is to leave the company with immediate effect, two weeks earlier than planned. Paul Harrison, who started at Sage back in 1997 and joined the board in 2000, announced his resignation in May at the
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreLondon close: Gains erased after US data misses forecasts
23rd Jul 2013 16:28
Worse-than-expected economic data from the US saw markets across Europe erase their earlier gains on Tuesday, as the FTSE 100 fell into the red despite a strong performance in the mining sector.. Home prices in the States continued to increase in May but at a worse-than-expected rate: the Federal H
Read moreFTSE 100 movers: Miners jump; Tullow sinks after well update
23rd Jul 2013 14:44
Mining stocks were among the best performing stocks on Tuesday as concerns over a 'hard landing' in China were eased by comments from the Premier and his second in command. Chinese Premier Li Keqiang is reported to have stood by the government target for economic growth of 7.5% in 2013 and assured
Read moreLondon midday: FTSE 100 lifted by Sage, mining stocks
23rd Jul 2013 11:38
A well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreLondon open: Miners jump on hopes over Chinese growth
23rd Jul 2013 08:17
Fading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreSage Group's third quarter in line with expectations
23rd Jul 2013 07:35
Sage Group is confident of delivering its targets as trading in the third quarter was in line with expectations. The supplier of business management software's operating cash generation remains strong, with robust performance in Europe and the Americas, according to a trading update on Tuesday. I
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 moreSector movers: Sage, AVEVA drag software sector lower
15th Jul 2013 14:58
Software stocks were in the red on Monday with steep falls from heavyweights Sage and AVEVA weighing on the sector as it pulled back from strong gains on Friday. Equities in the software sector rose at the end of last week after M&A activity prompted some bullish moves. Technology group Invensys co
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreFTSE 100 movers: Wolseley bounces back from slump
5th Jun 2013 14:43
Building materials group Wolseley rebounded Wednesday, a day after shares took a hammering when investors noted a slight slowdown in the US and ongoing weakness in Europe. Investors today seems to take greater notice of the group's 7.9% rise in third quarter trading profits to £150m, reported yeste
Read moreBodycote CEO reduces stake by 200,000 shares
22nd May 2013 16:19
Stephen Harris, the Chief Executive Officer of Bodycote, has reduced his stake in the in the heat treatment company with the sale of 200,000 shares. Each of the shares were sold at 546.50p for a total trade value of £1.09m. The transaction comes just under a month after the group posted a four pe
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreLondon midday: Stocks edge higher on improved outlook from BoE
15th May 2013 11:19
An improved outlook from the Bank of England (BoE) lifted UK markets into the blue by Wednesday lunchtime as investors shrugged off disappointing growth figures from the Eurozone and rising unemployment at home. The FTSE 100 was extending its recent winning streak to its 10th day after finishing Tu
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