Friday newspaper round-up: EU summit, UBS, RBS branch sale...
23rd Nov 2012 06:51
European leaders voiced pessimism on Friday on reaching a deal on a trillion-euro EU budget, as gruelling talks pushed into a second day with little prospect of bridging bitter divisions. The summit talks in Brussels were suspended overnight after less than an hour and a half, having already begun h
Read moreSector movers: Lloyds and RBS lead banks higher after broker comments
12th Nov 2012 14:52
Banking stocks were among the best performers on Monday afternoon with all the big UK lenders making gains. Lloyds was a high riser on the FTSE 100 after UBS raised its target price for the shares from 44p to 46p, saying that the bank's third-quarter results showed "solid progress and improving mom
Read moreLondon close: Markets in bullish mood ahead of US election results
6th Nov 2012 16:44
- Markets gear up for climax of presidential race - Economic data disappoints - Corporate earnings impress, Resolution leads risers after upgrade The UK stock market shrugged off some disappointing economic data to finish Tuesday's session with decent gains as a barrage of updates and results from
Read moreFTSE 100 movers: Resolution gets boost from Merrill Lynch
6th Nov 2012 15:49
Resolution was the standout performer in the sector today after Bank of America Merrill Lynch raised its rating on the stock from 'neutral' to 'buy'. The US broker cited an attractive dividend yield as one of the reasons behind the move. Lloyds was also rising on the back of reports the the compan
Read moreLondon midday: Stocks extend gains as US heads to polls
6th Nov 2012 11:41
- Stocks gain as eyes turn to US elections - UK industrial production disappoints - Investors digest results from Babcock, M&S, InterContinental... UK stocks rebounded on Tuesday morning following, paring losses from the day before, as markets get ready for the climax of the US presidential race. S
Read moreStandard Chartered close to Iran settlement with US
2nd Nov 2012 09:58
Emerging markets bank Standard Chartered bank hopes to settle all claims over Iran-linked transactions with US agencies by the end of the year. Reuters reports that the bank is close to agreeing a joint settlement with the Manhattan District Attorney, the US Treasury Department, the New York Federa
Read moreFriday newspaper round-up: Baltic Dry index, BoE, China
2nd Nov 2012 07:02
A slew of economic data from China and the Pacific Rim show that orders are picking up and trade is rebounding after the industrial recession of the past few months. The Baltic Dry Index, measuring shipping rates for commodities - watched as a proxy for Chinese demand - has come back from the dead,
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreFTSE 100 movers: BP beats forecasts
30th Oct 2012 15:28
Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreBroker tips: BP, StanChart, Premier Foods
30th Oct 2012 11:32
Investec has reiterated its bullish stance on oil giant BP, saying that the company's third-quarter results were 'much strong than we and the market anticipated'. The broker said: "Overall, we have seen a much better result than the poor Q2 and the company has moved early on a dividend increase to
Read moreBroker snap: StanChart is 'motoring away', says Nomura
30th Oct 2012 10:30
Emerging markets lender Standard Chartered's third-quarter results were broadly in line with expectations, according to Nomura, but 'a touch below if we are nit picking'. Nevertheless, the broker has maintained its 'buy' rating and 1,600p target price for the shares, saying that the business is "mo
Read moreLondon open: BP lifts Footsie higher early on
30th Oct 2012 08:45
- Stocks rebound after Sandy-related falls - BP and Imperial gain after results - BoJ expands stimulus Stocks opened strongly on Tuesday morning with mining stocks making gains and oil giant BP providing a lift after raising its quarterly dividend, as markets rebounded following a subdued day yeste
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreLondon pre-open: Minimal gains expected on FTSE ahead of Draghi speech
30th Oct 2012 07:28
City sources predict the FTSE 100 will open up three points from yesterday's close of 5,795, edging marginally higher boosted by slight gains seen in Asia overnight. However, with US markets once again closed today, markets on this side of the Atlantic are expected to take their cue from a speech
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