Friday newspaper round-up: Smiths Group, Amazon, Consumer confidence...
31st May 2013 06:43
Engineering giant Smiths Group is in talks to sell its medical unit for at least two billion pounds, according to the Financial Times which cited people close to the matter. The discussions come after an approach by potential buyers including US healthcare group CareFusion. According to The Guardia
Read moreLondon close: Stocks plummet as bond yields rise
29th May 2013 16:38
Financial markets erased yesterday's impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London. "In an almost complete reversal of yesterday's price action the bears have reasserted themselves today, overturning the brief return to optimism as European
Read moreLondon midday: Stocks sink as global growth forecasts cut
29th May 2013 11:45
Cuts to global growth forecasts and rising unemployment in economic powerhouse Germany sparked a sell-off on financial markets on Wednesday, as stocks pulled back following the impressive surge the day before. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hop
Read moreWednesday broker round-up UPDATE
29th May 2013 08:59
AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr
Read moreLondon open: Chinese slowdown fears hit stocks early on
29th May 2013 08:34
Stocks declined sharply on Wednesday morning with yesterday's rebound proving short-lived as fears about the impact of a slowdown in China came back to haunt markets. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hopes of continued monetary easing in Europe a
Read moreTuesday broker round-up UPDATE
28th May 2013 07:25
AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric
Read moreLondon close: Stocks off again, Yen keeps strengthening
24th May 2013 16:15
London equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role. Market commentary is a tad divided regarding the direction which
Read moreFTSE 100 movers: ENRC leads fallers
24th May 2013 15:42
Eurasian Natural Resources Corporation (ENRC) was leading the way lower. The company announced Thursday that it has suffered two potential losses of company data. Royal Bank of Scotland (RBS)'s mobile banking application was down Friday morning in another IT failure following a major glitch last y
Read moreLondon midday: Markets fall as caution sets in
24th May 2013 11:41
Mining and banking stocks were weighing on the FTSE 100 on Friday morning as the index extended losses following yesterday's dramatic sell-off. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negative reading of factory activity in China saw markets acr
Read moreLondon open: Stocks in search of direction after sell-off
24th May 2013 08:47
Markets opened tentatively on Friday morning with sentiment still fragile following a plunge the day before as traders reacted to concerns about stimulus measures in the US and a slowdown in China. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negativ
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreLondon pre-open: FTSE to edge higher ahead of BBA data
24th May 2013 07:40
City sources predict the FTSE 100 will open up six points from yesterday's close of 6,697, as markets calm after Thursday's heavy losses and ahead of the Bank Holiday weekend. On the other side of the Atlantic, stocks ended the day modestly lower after a batch of upbeat US data partially offset re
Read moreSmiths on track despite mixed trading in third quarter
24th May 2013 07:09
Smiths Group, the global technology firm listed on the FTSE 100, said that its full-year guidance remains unchanged after underlying revenues and profits in the first three quarters were ahead of last year. The company said that margins in all divisions except one improved on last year. "Overall, e
Read moreLondon close: Stocks weighed down by Eurozone concerns
27th Mar 2013 17:31
Political wrangling in Italy and uncertainty in Cyprus resulted in a volatile day for London's FTSE 100 index on Wednesday, though stocks bounced well off their lows in afternoon trade. The Footsie dropped to an intraday low of 6,344 at midday, but had recovered to 6,388 by the close, tracking a sl
Read moreLondon midday: Stocks fall on concerns over Italy and Cyprus
27th Mar 2013 11:52
Worries about Italy and Cyprus weighed heavily on stock markets on Wednesday morning as the Eurozone crisis showed no signs of abating. The political impasse in Italy has continued with centre-left leader Pier Luigi Bersani failing to persuade Silvio Berlusconi's centre-right party to support a min
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