London midday: FTSE 100 snaps eight-day winning streak as miners fall
14th May 2013 11:50
Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. "The broader market malaise is
Read moreLondon open: Markets flat after strong run, but Severn Trent soars
14th May 2013 08:19
Strong gains for Severn Trent and other utility providers helped offset weakness elsewhere on Tuesday morning as the FTSE 100 paused for breath following an eight-day winning streak. "European markets moved forward modestly today shunning a mixed trading session in Asian stock markets overnight as
Read moreOfgem to investigate SSE, British Gas and Scottish Power
1st May 2013 14:11
SSE, British Gas and Scottish Power are among six energy companies that are to become the subject of an investigation by Ofgem into their failure to reach UK carbon reduction targets. According to the Carbon Emissions Reduction Target legislation introduced at the end of last year, the companies w
Read moreLondon midday: ARM leads markets higher after strong first quarter
23rd Apr 2013 11:31
The UK stock market was making decent gains by Tuesday lunchtime as strong performances from ARM Holdings, AB Foods and IAG helped to offset some weakness in the mining sector. Sentiment was lifted this morning as gloomy economic data from the Eurozone sparked speculation that it could open the doo
Read moreLondon open: Markets rise despite concerns over China
23rd Apr 2013 08:20
Decent gains for ARM Holdings, Associated British Foods and Rolls-Royce were providing a boost to London's stock market on Tuesday morning, offsetting relative weakness in the heavyweight mining sector. Miners were under pressure early on after a disappointing reading of Chinese manufacturing. The
Read moreTuesday broker round-up UPDATE
23rd Apr 2013 07:40
Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation. Aveva Group: Sanlam Securities upgrades from sell to hold with an unchanged target price of 1980p. Bank of Georgia: Bank of America raises target price from 1443.60p to 1765p, but downgrade
Read moreBroker tips: SSE, AB Foods, GKN
16th Apr 2013 10:44
Investec has lowered its recommendation for utilities giant SSE from 'buy' to 'hold' following the stock's recent strong performance that has taken it beyond the target price of 1,520p. Nevertheless, the broker said its positive view about the business remains intact. "The investment case for SSE
Read moreBroker snap: SSE 'up with events', Investec downgrades
16th Apr 2013 09:23
Investec has lowered its recommendation for utilities giant SSE from 'buy' to 'hold' following the stock's recent strong performance that has taken it beyond the target price of 1,520p. Nevertheless, the broker said its positive view about the business remains intact. "The investment case for SSE
Read moreLondon open: FTSE 100 on track for third consecutive fall
16th Apr 2013 08:23
Mining stocks were making moderate gains on Tuesday morning, attempting to recover after the heavy sell-off the day before, but the FTSE 100 still opened in the red, on track for its third straight day of losses. Markets were on the cautious side this morning as investors awoke to the news of fatal
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreThursday newspaper round-up: Bank of Japan, Barclays, IAG...
4th Apr 2013 06:44
The Bank of Japan overnight said it would double its monetary base over the next two years through the aggressive purchase of long-term bonds, 'in a bold policy aimed at ridding Japan of the deflation that has dogged the country for almost two decades', according to the Financial Times. The Central
Read moreSSE accepts 10.5m pound penalty for breach of licence conditions
3rd Apr 2013 07:48
Energy group SSE confirmed Wednesday that it will be accepting a penalty levied by Ofgem in relation to the breach of two standard licence conditions for UK domestic energy sales. The £10.5m penalty relates to sales mainly between October 2009 and July 2011. "SSE is deeply regretful that breache
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