London open: Chinese price data worries Nomura
9th May 2013 08:01
UK stocks have moved slightly into the blue following an ephemeral dip just after the 'opening bell,' with Chinese price data on the front-burner in what is expected to be another 'light' day in terms of economic data releases. Today´s meeting of the Monetary Policy Committee is expected to be a non
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreThursday tips round-up: Next, Genus, StanChart
9th May 2013 06:59
Retailer Next is facing a "new normal," something which its Chief Executive, Lord Wolfson of Aspley Guise, describes as an environment where the shopper is careful with his or her money and retailers can no longer expect an automatic year-on-year rise in like-for-like sales. So much so in fact that
Read moreLondon close: FTSE ends session higher after Chinese data provides lift
8th May 2013 16:11
Market Movers techMARK 2,437.82 +0.82% FTSE 100 6,583.48 +0.40% FTSE 250 14,193.28 +0.65% The FTSE closed firmly higher on Wednesday, boosted by gains in the US following strong data from China. Next led the charge higher, while Standard Chartered provided a drag for much of the day. China repo
Read moreFTSE 100 movers: Next rises despite posting fall in Q1 profit
8th May 2013 14:29
Evraz was making strong gains by the afternoon, recovering some of its recent losses. Possibly worth mentioning, Goldman Sachs has today reportedly reaffirmed its bullish short-term stance on copper prices. Next made strong gains - despite posting an overall fall in first quarter retail sales - aft
Read moreBroker snap: Standard Chartered's weak stock an opportunity
8th May 2013 13:40
Standard Chartered's shares plunged Wednesday after the company reported a fall in operating profit in the first quarter. The British multinational banking and financial services company said it had a strong start to the year in January but momentum slowed later in the quarter as it was hit by imp
Read moreLondon midday: Slow grind higher continues
8th May 2013 11:41
Equities in London are continuing their slow grind higher, with the benchmark Footsie now gaining 19 points to the 6,576 point mark. That followed yesterday´s rise in the Dow Jones Industrial Average to above the 15,000 point mark for the first time in its 117 year history and stronger-than-expected
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreStandard Chartered's first quarter profits decline
8th May 2013 08:45
Standard Chartered's operating profit fell in the first quarter following an increase in loan impairment and pressure on margins. The British multinational banking and financial services company said it had a strong start to the year in January but momentum slowed later in the quarter, according to
Read moreFTSE 100 movers: ENRC leads miners higher
3rd May 2013 15:05
Mining stocks were making decent gains as metals prices improved. ENRC was the standout performer on the back of reports Suleiman Kerimov, the Russian billionaire, has increased his stake in the miner. Also on the rise was newly merged commodities trader and mining giant Glencore Xstrata on its fi
Read moreLondon midday: Miners buoy Footsie ahead of US jobs data
3rd May 2013 11:43
Strength in the mining sector kept the FTSE 100 in positive territory on Friday morning, though the index was rangebound ahead of the all-important US jobs report due out this afternoon. A surprise drop in American jobless claims yesterday pushed the S&P 500 to a new all-time high last night as mar
Read moreFTSE 100 movers: Miners lead the risers
25th Apr 2013 15:23
Mining stocks rose on Thursday on the back of rising metal prices, led by Randgold Resources, Antofagasta, Vedanta, ENRC, and Polymetal. Heading the other way was consumer good group Unilever after it had to rely on robust growth from emerging markets as it grew marginally slower than expectations
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreLondon close: Gains erased as US data disappoints
22nd Apr 2013 16:21
After a strong start, the FTSE 100 slumped into the red by the close on Monday afternoon as disappointing data and corporate earnings from the US dampened the positive mood. Nevertheless, markets on the whole gave a rather muted reaction to Friday's move by Fitch to strip the UK of it prized 'AAA'
Read moreFTSE 100 movers: Randgold Resources jumps higher
22nd Apr 2013 16:04
Randgold Resources was a strong riser - particularly compared to the rest of its sector - gaining after Blackrock upped its stake in the group to 14.1 per cent, marginally higher than the 14 per cent it previously owned. An increase in risk appetite was benefiting financial stocks today with banki
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