London midday: Financials, miners drag markets lower
12th Nov 2013 11:42
- UK CPI falls to 13-month low - Dovish comments from ECB members - RBS taken off 'buy' list at Goldman techMARK 2,643.61 +0.11% FTSE 100 6,714.21 -0.21% FTSE 250 15,378.49 -0.27% Investors on Tuesday gave little reaction to a sharp fall in UK inflation as heavy falls in the banking and financial
Read moreLondon close: Financials bolster markets on quiet day
11th Nov 2013 16:30
- Banks gains on quiet day for financial markets - Media stocks in focus after BT-UEFA dea - 'Lack of overall volatility', says analyst techMARK 2,640.62 +0.01% FTSE 100 6,728.37 +0.30% FTSE 250 15,420.36 +0.51% Strong gains in the heavyweight financial sector pushed the FTSE 100 into positive ter
Read moreFTSE 100 movers: BSkyB and ITV hit by BT's big win
11th Nov 2013 14:42
In a major blow to BSkyB and ITV, telecoms group BT confirmed that it has won the exclusive rights to broadcast live the UEFA Champions League and UEFA Europa League for three seasons. This is the first time a single UK broadcaster has won the rights to all matches from both tournaments; Sky and ITV
Read moreStandard Chartered reduces income growth target
11th Nov 2013 13:24
Standard Chartered has reduced its income growth target for the next couple of years due to slower economic growth and stricter regulations. The British bank said it still expects to deliver income growth of at least 10% a year in the long-term but short term growth would probably be "high single d
Read moreLondon midday: Financials offset falls from BSkyB, RSA
11th Nov 2013 11:44
- Markets rise but BSkyB and RSA limit upside - Media stocks in focus after BT-UEFA deal - Investors continue to speculate about Fed taper techMARK 2,646.21 +0.22% FTSE 100 6,725.09 +0.25% FTSE 250 15,395.41 +0.35% Decent gains in the financial sector helped UK markets higher on Monday morning, th
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreStandard Chartered reports rise in operating profits - UPDATE
29th Oct 2013 07:09
Standard Chartered reported a slight increase in operating profit for the year-to-date due to tight cost controls. In a trading update for the nine months ended September 30th, the financial services company said it delivered a strong performance despite an uncertain market environment. Analysts a
Read moreLondon close: Markets lifted by corporate earnings, China outlook
24th Oct 2013 16:22
- FTSE 100 at levels not seen since May - China manufacturing PMI at seven-month high - Financials, miners and pharma stocks gain techMARK 2,642.27 +0.68% FTSE 100 6,713.18 +0.58% FTSE 250 15,526.93 +0.21% UK markets set a fresh five-month high on Thursday as investors celebrated an improved outlo
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon close: Markets rise for eighth straight day, but RBS sinks
21st Oct 2013 16:54
The FTSE 100 hit a two-and-a-half-month high on Monday ahead of the eagerly anticipated US jobs report as markets managed to offset some heavy falls from heavyweight bank RBS. The UK lender dropped nearly 5% today after Chancellor George Osborne was quoted as saying that a decision over a 'good ban
Read moreBroker snap: UK banks could need extra capital, says BNP
17th Oct 2013 12:47
UK banks were trading in the red on Thursday after Exane BNP Paribas speculated that lenders may need to raise more capital to meet regulatory requirements. The Prudential Regulation Authority (PRA), due to make its final statement in December, could introduce additional capital buffers on top of c
Read moreSector movers: RBS leads banks lower after BofA downgrade
14th Oct 2013 16:00
UK-listed banks were out of favour on Monday as macro concerns weighed on investor appetite for risk; Royal Bank of Scotland was a heavy faller after being hit with a downgrade by Bank of America Merrill Lynch. The US broker lowered its rating for RBS from 'neutral' to 'underperform', cutting its p
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
Read more