London close: Equities waver as long-term yields rise
4th Dec 2013 17:15
- ADP employment report surprises to the upside - Traders brace for Friday's US jobs report - Sage races ahead The FTSE ended the session slightly lower after the latest US ADP payrolls number came in ahead of forecasts, which pushed long-term bond yields higher both Stateside and in the UK, thus
Read moreFTSE 100 movers: Sage Group biggest riser after annual results
4th Dec 2013 14:16
Sage Group topped the FTSE 100 on Wednesday despite reporting a drop in annual operating profits. "The fall in profit was due to a charge of £188.2m relating to non-core disposals, therefore without this exceptional charge, the firm actually recorded a pretax profit of £360.5m," Spreadex trader Lee
Read moreLondon midday: Investors brace for upcoming US data releases
4th Dec 2013 12:08
- Fed Beige Book and US ISM services figures ahead - Traders brace for Friday's US jobs report - Sage races ahead techMARK 2,652.09 +0.44% FTSE 100 6,528.83 -0.06% FTSE 250 15,158.24 +0.03% The Footsie spent the first half of the session flittering in and out of the blue, as traders continued to
Read moreBroker tips: Standard Chartered, Travis Perkins, Micro Focus
4th Dec 2013 11:45
Investec said it sees a "clear positive outlook" for Standard Chartered in 2014 despite the company saying it expects flat annual revenue. In a trading update on Wednesday, the financial services firm admitted a challenging year had resulted in a significant impact on its performance in the second
Read moreBroker snap: Standard Chartered a 'buy', says Investec
4th Dec 2013 11:00
Investec said it sees a "clear positive outlook" for Standard Chartered in 2014 despite the company saying it expects flat annual revenue. In a trading update on Wednesday, the financial services firm admitted a challenging year had resulted in a significant impact on its performance in the second
Read moreStandard Chartered dives on predictions of flat 2013 revenue - UPDATE
4th Dec 2013 08:59
- Full-year revenue expected to be flat - Poor performance in Korea - Currency depreciation adds to woes - Net interest margin to be 'slightly' lower Standard Chartered shares fell heavily on Wednesday morning after the group admitted a 'challenging year' had resulted in a 'significant impact' on
Read moreLondon midday: Miners, financials drag markets lower despite strong UK data
3rd Dec 2013 11:21
- Risk appetite fades as markets await jobs data - Mining, financial sectors sold off - UK construction PMI defies expectations, jumps to six-year high techMARK 2,645.44 -0.31% FTSE 100 6,539.87 -0.84% FTSE 250 15,211.51 -0.80% UK markets were firmly in negative territory on Tuesday morning despit
Read moreBroker tips: Old Mutual, Banks, Miners
3rd Dec 2013 11:21
JPMorgan Cazenove has trimmed its target price for savings and investment group Old Mutual from 228p to 223p. after adjusting for currency movements. However, the bank maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life busin
Read moreBroker snap: Nomura names Barclays as top pick amongst banks, HSBC downgraded
3rd Dec 2013 09:37
Barclays is the top pick in the UK banking sector, according to Nomura, which retained its 'buy' rating for the stock on Tuesday morning. The broker also kept a positive stance on Standard Chartered, but downgraded its rating for HSBC and reiterated its negative position on RBS. Lloyds, meanwhile,
Read moreLondon close: FTSE 100 flat despite gains in banking sector
29th Nov 2013 16:35
- Markets flat despite banking strength - Volumes pick up but still on the low-side - German, US markets continue to set new highs techMARK 2,673.94 +0.22% FTSE 100 6,650.57 -0.06% FTSE 250 15,466.56 +0.23% UK markets finished broadly flat on Friday despite trading volumes picking up slightly foll
Read moreLondon close: Stocks rise ahead of FOMC minutes as Aberdeen surges
18th Nov 2013 16:23
- Aberdeen leads financials higher after SWIP purchase - Petrofac plummets on cautious outlook - Fed speculation ramps up ahead of FOMC minutes techMARK 2,653.19 +0.15% FTSE 100 6,723.46 +0.45% FTSE 250 15,290.48 +0.29% UK markets posted decent gains on Monday with the financial sectors providing
Read moreLondon midday: Aberdeen, financials lead markets higher
18th Nov 2013 11:34
- Aberdeen rockets after acquisition of SWIP, results - Petrofac plummets after cautious guidance - FOMC minutes and China reforms in focus techMARK 2,647.58 -0.06% FTSE 100 6,721.15 +0.41% FTSE 250 15,272.88 +0.17% After a subdued start, UK markets pushed into positive territory by Monday lunchti
Read moreLondon open: Stocks slip ahead of quiet day
18th Nov 2013 08:23
- Quiet day on the macro front - Capita, Severn Trent fall after CEO exits - Aberdeen jumps after annual results, acquisition - Petrofac slumps on cautious guidance techMARK 2,636.54 -0.48% FTSE 100 6,682.77 -0.16% FTSE 250 15,223.14 -0.15% Markets opened slightly lower on Monday morning as invest
Read moreFTSE 100 movers: Sainsbury rises on strong first half
13th Nov 2013 15:14
Supermarket giant Sainsbury rose after boasting of its largest market share for a decade in the first half, helped by fast growth from its own-brand food and an even faster growth of non-food. Utility stocks have put in a good performance today after sentiment was dampened by the Bank of England's
Read moreBroker tips: StanChart, Sainsbury's, AMEC
13th Nov 2013 11:13
Nomura has maintained its 'buy' rating and 1,810p target price for emerging markets-focused bank Standard Chartered saying that the company's medium-term guidance is still better than consensus estimates despite a reduction in targets this week. "There still appears to be scepticism in the market t
Read more