London close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreFTSE 100 movers: Hargreaves Lansdown rises ahead of results
5th Feb 2013 15:00
Financial services firm Hargreaves Lansdown rose to the top of the FTSE 100 Tuesday - one day ahead of its interim results. Analysts at Barclays today raised their price target on the firm's shares to 820p from 800p. Microprocessor IP licensing company ARM Holdings was also climbing the ladder aft
Read moreBroker tips: Insurers, ARM, Smith & Nephew
5th Feb 2013 11:35
Ahead of earnings season for insurance stocks, Nomura has reviewed its coverage on the non-life sub-sector, highlighting Admiral as its top pick whilst upgrading its rating for Direct Line and downgrading RSA. In a research report on Tuesday, Nomura said: "We are not expecting any major surprises,
Read moreBroker snap: Panmure downgrades Smith & Nephew to 'hold'
5th Feb 2013 11:00
With Smith & Nephew having reached Panmure Gordon's target price, the broker has downgraded the stock from 'buy' to 'hold' despite it remaining bullish for the group's long-term outlook. Panmure said that it expects the medical technology firm's full-year results on Thursday to be "largely positive
Read moreLondon close: FTSE ends half-day session with small gains
24th Dec 2012 11:31
Market Movers techMARK 2,127.22 +0.05% FTSE 100 5,945.31 +0.24% FTSE 250 12,396.05 +0.27% - Modest gains for FTSE ahead of Christmas break - Concern for retailer in the coming year - House prices fell in December The FTSE made modest gains on Monday - a half day for markets, which will re-open in
Read moreLondon mid-session report: Modest gains seen on FTSE
24th Dec 2012 10:52
Market Movers techMARK 2,127.76 +0.05% FTSE 100 5,953.90 +0.23% FTSE 250 12,385.39 +0.19% The FTSE made small gains on Monday - a half day for markets - up 14 points ahead of the Christmas holiday period, as the majority of investors take time off and trading volumes fall. In economic news, it ha
Read moreLondon open: Small gains seen on FTSE
24th Dec 2012 08:24
Market Movers techMARK 2,127.39 +0.03% FTSE 100 5,948.57 +0.14% FTSE 250 12,359.99 -0.02% The FTSE opened little changed on Monday - a half day for markets - up just six points ahead of the Christmas holiday period, as the majority of investors take time off and trading volumes fall. With no UK a
Read moreLondon pre-open: Markets to open little changed
24th Dec 2012 07:39
City sources predict the FTSE 100 will open down two points from Friday's close of 5,940, with light volumes of trading expected as investors wind down for the Christmas bank holidays. UK markets are only open for a half day today, closing at midday. Although the market´s moves are expected to be
Read moreSmith & Nephew completes acquisition of Healthpoint Biotherapeutics
24th Dec 2012 07:23
Global medical technology company Smith & Nephew announced Monday it has completed the acquisition of a substantial stake in Healthpoint Biotherapeutics. The FTSE 100 company paid $782m in cash for the assets, financed from the existing cash resources and bank facilities. The transaction increases
Read moreLondon close: Stocks rally on 'fiscal cliff' optimism
10th Dec 2012 16:39
- Obama-Boehner meeting sparks optimistic mood - Italian PM steps down - Economic data from Asia comes in mixed Optimism that US law-makers can agree over the impending 'fiscal cliff' managed to offset concerns regarding political uncertainty in Italy, with the FTSE 100 rallying to finish with smal
Read moreFTSE 100 movers: AB Foods and Tullow Oil lead the risers
10th Dec 2012 14:44
Primark and food products giant Associated British Foods was the high riser on the Footsie on Monday afternoon, extending gains after Friday annual general meeting at which it revealed a strong start t o the new financial year. Oil group Tullow Oil was performing well today, rebounding after its re
Read moreBellzone Mining founder sells shares to other stake holder
4th Dec 2012 16:13
The founder of Bellzone Mining, which develops two Iron ore and nickel/copper assets in Guinea, West Africa, has sold 50m shares in the company. Nikolajs Zuks, who has been the company's Managing Director since August 2009, disposed of the shares at 17p each for a total of £8.5m. As a result, Zuk
Read moreLondon close: Losses erased after 'optimistic' fiscal cliff comments
28th Nov 2012 16:43
Comments from US Republican Speaker of the House John Boehner about the 'fiscal cliff' saw the FTSE 100 rally in afternoon trading to finish broadly flat. Markets got off to a poor start this morning after Nevada Democrat Harry Reid said that "little progress" has been made so far on avoiding the f
Read moreFTSE 100 movers: Bunzl falls on reduced price target
28th Nov 2012 14:44
Bunzl shares took a hit after Citigroup cut its target price from 1,250p to 1,190p, and kept a neutral rating. AMEC, Johnson Matthey, National Grid and Tate & Lyle were also registering losses today after going ex-dividend. Medical technology group Smith & Nephew fell after announcing that it is
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
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