London open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
Read moreLondon midday: Footsie pares losses but still in the red
11th Jul 2012 11:33
- Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later The FTSE 100 had pared some of its earlier losses but was still trading firmly in the red by Wednesday lunchtime with a disappointing trading update from
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreFTSE 100 movers: Marks and Spencer shares higher
10th Jul 2012 15:20
First-quarter like-for-like (LFL) sales took a tumble at High Street giant Marks and Spencer, though the food business held up well, and full-year guidance remains unchanged, prompting shares to rise. BAE Systems is moving higher on the back of positive comments out of UBS. Mining heavyweights we
Read moreLondon midday: Stocks surge after UK production data
10th Jul 2012 11:53
- UK industrial production beats estimates - Eurogroup gives Spain more time - Oil stocks rise after Norwegian lockout prevented London's FTSE 100 index rose strongly on Tuesday morning with resource stocks and banks providing a lift after some better-than-expected UK industrial production data. U
Read moreBroker tips: SSE, bwin.party, Betfair
10th Jul 2012 11:11
Investec has upgraded its rating on utilities giant SSE from 'hold' to 'buy' as the group's substantial capital expenditure (capes) begins to 'crystallise'. While the broker has only made minor changes to its forecasts following the recent Capital Markets Day, the target price has increased from 1,
Read moreBroker snap: Investec upgrades SSE to 'buy'
10th Jul 2012 09:45
Investec has upgraded its rating on utilities giant SSE from 'hold' to 'buy' as the group's substantial capital expenditure (capes) begins to 'crystallise'. While the broker has only made minor changes to its forecasts following the recent Capital Markets Day, the target price has increased from 1,
Read moreLondon open: Stocks flat after Eurogroup meeting
10th Jul 2012 08:47
- Eurogroup gives Spain extra time - Chinese trade surplus at three-year high - M&S maintains guidance despite LFL sales falling The Footsie opened broadly flat on Tuesday morning with investors digesting the the developments from yesterday's Eurogroup meeting. Eurozone finance ministers decided t
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreBroker snap: Nomura bearish on European utilities
9th Jul 2012 11:06
Nomura has retained its 'bearish' view on the European utilities sector, saying that there are downside risks to guidance across the industry. According to the broker's recent investor survey, some 70% of respondents see downside rise to 2013 earnings per share estimates. "With our bearish outloo
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreSector movers: US jobs data sees investors flee from risk
6th Jul 2012 15:14
With disappointing jobs figures from the US prompting a sell-off in global stock markets, the defensive sectors were benefitting from the risk-off environment. The US Labor Department revealed that 80,000 non-farm payrolls were added in June, less than the 100,000 expected by analysts. The jobless
Read moreSSE to spend 'significantly' over next few years
27th Jun 2012 07:44
Utilties giant SSE is setting out its investment plans for large capital projects in meetings with analysts and investors on Wednesday, saying that capital and investment expenditure over the next few years will continue to be 'significant'. SSE expects just over £1.6bn in capital and investment ex
Read moreSSE buys Irish power company
25th Jun 2012 11:08
SSE, the energy company once known as Scottish and Southern Energy, has bought Northern Irish outfit Phoenix Supply, as it continues its expansion on the island of Ireland. The enterprise value of the business is £19.1m, excluding working capital adjustments. SSE, through its subsidiary Airtricity
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