London pre-open: Limited gains expected on FTSE
19th Sep 2012 07:29
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,868, after the Bank of Japan also announced plans to ease monetary policy. Gains on the FTSE are forecast to be limited, however, as investors continue to hold serious concerns over the economic situation in Spain a
Read moreLondon midday: Markets look to Fed for a boost
13th Sep 2012 11:50
- Markets tentative ahead of FOMC announcement - Stocks already priced in stimulus - Next and BAE provide a drag in London The FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yest
Read moreLondon open: Markets cautious ahead of FOMC meeting
13th Sep 2012 08:27
- Markets focus on FOMC announcement - Next sinks on gloomy outlook - BAE eases after strong surge With all eyes on a Federal Open Market Committee (FOMC) meeting today, UK stocks started flat on Thursday ahead of a key policy decision in the US. "European headline shares opened tentatively this m
Read moreVirgin Rail begins review proceedings over rail contract
28th Aug 2012 15:28
Virgin Rail Group, the joint venture of transport company Stagecoach and Richard Branson's investment vehicle Virgin Group, has begun court proceedings seeking a review of the decision by the Department for Transport to award the new InterCity West Coast rail franchise to a subsidiary of FirstGroup.
Read moreLondon close: Bundesbank spoils the party
20th Aug 2012 16:52
- Bundesbank expresses critical opinion of ECB bond-buying - ECB considering capping bond spreads - Xstrata down on concerns over Glencore merger After a subdued start, the Footsie dropped into the red in afternoon trade as Germany's Bundesbank reiterated its critical stance on the bond-buying prop
Read moreSage rises as SAP executive signals new acquisitions
20th Aug 2012 15:11
According to the co-chief executive of German software company SAP, Jim Hagemann, the firm could make more acquisitions, Sueddeutsche Zeitung is reporting. More specifically, he added that the company wants to fuel its long term growth two-thirds by means of internal expansion and one-third through
Read moreBroker tips: GKN, Weir, Sage
31st Jul 2012 10:42
Jefferies has maintained its 'buy' rating and 220p target price for engineering giant GKN, saying that the shares could be in for a 'significant' jump. "We sense that sentiment towards GKN is still being heavily swayed by caution about global light vehicle production, but GKN is likely to be able t
Read moreBroker snap: UBS downgrades Sage to 'neutral'
31st Jul 2012 09:54
UBS has downgraded its rating for accountancy software group Sage from 'buy' to 'neutral' on valuation grounds but has raised its target price from 295p to 305p to reflect the impact of recent buy-back activity. The broker notes that Sage's recent investor day set out plans to re-accelerate growth
Read moreTuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreFriday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreLondon close: Global growth concerns weigh on stocks
16th Jul 2012 16:39
- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.
Read moreFTSE 100 movers: G4S leads fallers
16th Jul 2012 15:16
Security solutions firm G4S tumbled from the off today after saying that it will incur a loss on its Olympics Games contract of 35-50m pounds after failing to provide the number of staff for the event that it had committed to. Chief Executive Officer Nick Buckles said that the company is "deeply dis
Read moreLondon midday: Footsie flat despite heavy falls for G4S and Barclays
16th Jul 2012 11:42
- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100 UK stocks were trading broadly flat by Monday lunchtime, though sentiment had been dampened by concerns over the Chinese economy and c
Read moreBroker tips: G4S, National Grid, Sage
16th Jul 2012 11:31
Both UBS and Jefferies have downgraded their ratings for security solutions firm G4S following the news that the company expects to incur a 35-50m pound loss on its London Olympics contract. UBS has cut its recommendation from 'buy' to 'neutral' and slashed its target price from 330p to 280p, sayin
Read more