Sector movers: Evraz pushes industrial miners higher
31st Mar 2014 15:21
Strong gains from steel producer Evraz helped the industrial metals and mining sector higher on Monday, while utility stocks fell. Evraz was up nearly 12% at 80.42p in afternoon trade as it continued its recent volatile swings. The stock fell to an all-time closing low of 54.4p on March 14th on th
Read moreFTSE 100 movers: Aberdeen slides after target price cut
27th Mar 2014 15:05
Aberdeen Asset Management declined on the back of Credit Suisse's decision to cut its target price on the stock from 470p to 415p, reiterating its 'neutral' rating. WPP climbed after announcing its fourth acquisition of the week. Today saw the group reveal that its wholly-owned operating company,
Read moreLondon midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreLondon open: Stocks track losses on Wall Street
27th Mar 2014 08:30
- FTSE 100 pulls back from two-week high - Babcock drops after acquisition, Tullow disappoints - Utilities fall after Ofgem report - UK and US data on tap today techMARK 2,770.54 -0.44% FTSE 100 6,567.22 -0.58% FTSE 250 16,203.40 -0.30% Falls from Babcock, Tullow Oil and utility stocks were weighi
Read moreOfgem sparks competition enquiry to break up 'big six'
27th Mar 2014 07:31
- Ofgem refers Big Six to CMA - CMA's powers include possible break-up of firms - Ofgem announces increased penalties UK energy regulator Ofgem has referred the 'big six' energy companies for a full-scale competition investigation that could see them broken up. Ofgem said the energy firms' bumper
Read moreLondon close: Flat finish for FTSE after earlier gains
26th Mar 2014 16:59
- FTSE closes flat at 6,605.30 - Insurance stocks recover - US 'core' durable goods orders fall techMARK 2,782.65 +0.32% FTSE 100 6,605.30 +0.01% FTSE 250 16,252.92 +0.62% It was a flat finish for the top tier index on Wednesday as investors balanced mixed US data, increased prospects of monetary
Read moreFTSE 100 movers: Standard Life rises on Ignis deal
26th Mar 2014 15:24
Standard Life was making decent gains after agreeing on a deal with Phoenix Group to sell the latter's Ignis Asset Management division. Standard Life said the 390m pound acquisition will enhance earnings from the first full year of ownership. RSA is holding near the top of the leaderboard, part of
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreSSE plans major streamlining and freezes prices until 2016
26th Mar 2014 07:21
- 2013 results to be in line - Retail price freeze until 2016 - Plans 1bn pounds of disposals - Further annual cost cutting from 500 more job cuts - Retail and wholesale businesses to split Electricity provider SSE unveiled plans to complete major disposals, freeze its household energy prices unti
Read moreWednesday newspaper round-up: Sainsbury, SSE, Ukraine crisis
26th Mar 2014 06:53
For Clive Black, the Head of Research at Shore Capital, there is now a much more convincing case for the Qatar Investment Authority (QIA) to make a more strategic investment in troubled supermarket operator Sainsbury. After all, the grocer has an attractive annual cash return backed by assets. That
Read moreLondon close: Russia, China concerns keep FTSE firmly in red
24th Mar 2014 16:59
- Ukraine, China weigh heavily on market - Eurozone PMI falls unexpectedly - US manufacturing comes in below expectations techMARK 2,753.98 -1.32% FTSE 100 6,520.39 -0.56% FTSE 250 16,019.41 -0.87% Stocks finished firmly lower today as concerns over mounting geopolitical tensions in western Europe
Read moreFTSE 100 movers: Lloyds climbs on rating upgrade
24th Mar 2014 15:48
Investec has upgraded its rating for Lloyds Banking Group from 'hold' to 'buy', telling investors that "it is safe to go back in the water", prompting a strong rise in the share price. "After a 10% 10-week pull-back, we again see reasonable value for a low-risk stock. Upgrade to 'buy'," the broker
Read moreSector movers: Energy suppliers fall on fears of competition probe
24th Mar 2014 14:59
Electricity and utility stocks were trading lower on Monday after weekend reports that Ofgem could refer the 'Big Six' energy suppliers to competition regulators. The Sunday Times said that an Ofgem report on the energy market, due this month, could lead to a referral of the Big Six to the Competi
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