London close: Markets higher on positive economic data
4th Nov 2013 16:28
- Miners gain after China data - HSBC beats forecasts with Q3 results - Weir, Ryanair issue profit warnings - ECB rate-cut speculation does the rounds techMARK 2,651.30 -0.24% FTSE 100 6,763.62 +0.43% FTSE 250 15,503.06 +0.31% Upbeat economic data from across the globe lifted the UK stock market o
Read moreLondon midday: HSBC, miners lift markets higher
4th Nov 2013 12:00
- HSBC beats forecasts with Q3 results - Weir, Ryanair issue profit warnings - Economic data, ECB rate-cut speculation drive markets techMARK 2,661.91 +0.16% FTSE 100 6,767.20 +0.48% FTSE 250 15,519.66 +0.41% UK markets were performing well on Monday morning, owing to speculation over a possible E
Read moreBroker tips: HSBC, Weir, Ryanair, Utilities
4th Nov 2013 11:47
Nomura has retained its 'buy' rating and 850p target price for global banking group HSBC following Monday's better-than-expected third-quarter figures. 'Clean' underlying revenue came in at $15,571m, ahead of the consensus estimate of $15,335m and Nomura's forecast of $15,145m. Meanwhile, the clean
Read moreBroker snap: SSE and Centrica downgraded due to political risk
4th Nov 2013 09:10
Investec has downgraded its ratings for UK-listed energy providers SSE and Centrica from 'add' to 'reduce' to reflect rising political risk. "The latest round of 'Big 6' bashing in Parliament signals that political headwinds for the UK's main energy suppliers (the so-called 'Big 6') are freshening,
Read moreLondon open: Markets gain after HSBC results, China data
4th Nov 2013 09:05
- HSBC impresses with Q3 profits - China services PMI paints improved outlook - Weir, Ryanair surprise with profit warnings techMARK 2,665.03 +0.28% FTSE 100 6,768.87 +0.51% FTSE 250 15,522.69 +0.43% UK markets started the new week on a positive note, helped by some well-received quarterly results
Read moreMonday broker round-up UPDATE
4th Nov 2013 08:07
Aggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce
Read moreLondon close: Stocks jump to five-month high after US jobs miss
22nd Oct 2013 16:35
Stocks across Europe rose strongly on Tuesday afternoon with London's FTSE 100 rising to a five-month high following a worse-than-expected US jobs report which spurred hopes of a near-term continuation of quantitative easing (QE) by the Federal Reserve. "The full impact of the government shutdown i
Read moreFTSE 100 movers: Reckitt Benckiser rises on positive FY guidance
22nd Oct 2013 15:03
Household products group Reckitt Benckiser was a high riser after lifting its full-year revenue guidance slightly following a strong third quarter and a decent performance by recent acquisitions. The company said it now expects to grow net revenue excluding Reckitt Benckiser Pharmaceuticals (RBP)
Read moreLondon midday: Reckitt, BHP lead markets higher as investors await US jobs
22nd Oct 2013 12:00
Well-received corporate earnings from a number of heavyweight stocks gave markets a boost on Tuesday with the FTSE 100 holding on to a two-and-a-half-month high ahead of some key US data. Trading updates and results from blue chips Reckitt Benckiser, BHP Billiton, GKN and Whitbread all impressed th
Read moreUtility groups banned from price increases on fixed-term tariffs
22nd Oct 2013 09:58
Energy regulator Ofgem on Tuesday unveiled new rules as part of its tougher stance on retail markets. Ofgem's tighter rules mean that energy suppliers are now banned from increasing prices on fixed-term tariffs in a bid to create a "simpler, clearer and fairer" energy market for customers. Build
Read moreLondon open: Upbeat earnings lift markets higher ahead of US data
22nd Oct 2013 08:15
Upbeat corporate earnings from a number of heavyweight stocks helped UK markets higher on Tuesday morning as investors showed optimism ahead of some key economic data out later on. The FTSE 100 was trading up 0.1% at 6,659.87 early on, building on gains after hitting a two-and-a-half-month high on
Read moreBroker tips: RBS, Utilities, Computacenter
18th Oct 2013 12:06
Investec has maintained its 'sell' rating for UK lender Royal Bank of Scotland (RBS), recommending investors not to own the stock ahead of its third-quarter results on November 1st. Analyst Ian Gordon said that the bank will likely fall back into the red in the second half, though most of the damag
Read moreLondon midday: Stocks rise on hopes over taper delays
18th Oct 2013 11:23
The FTSE 100 came close to a one-month high on Friday morning on hopes that the political uncertainty in Washington may prompt the Federal Reserve to continue with its stimulus measures for a little longer. Also helping sentiment this morning was Chinese gross domestic product which grew at a year-
Read moreBroker snap: Market overly cautious on SSE and Shanks, says Credit Suisse
18th Oct 2013 09:25
Credit Suisse has labelled SSE and Shanks as buying opportunities, saying that the market is overly cautious about these utility providers. Proposals by the Labour Party to freeze tariffs may have increased political risk perceptions in the industry, but this could be mitigated by reduced spend, Cr
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
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