London close: Stocks rally as euro leaders vow to battle crisis
27th Jul 2012 16:59
- Merkel, Hollande pledge lifts markets - Bundesbank still opposed to ECB bond-buying - Barclays surges after half-year beat Markets rocketed on Friday afternoon after European leaders showed their commitment to protect the Eurozone and US economic data beat expectations. German Chancellor Angela
Read moreLondon close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read moreBroker tips: UK banks, Carpetright, Dragon Oil
24th Jul 2012 10:49
Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise. The broker labels Barclays (target price of 240p) as a "key value play" and its top pick in the sector. M
Read moreBroker snap: Investec positive on UK banks ahead of results reason
24th Jul 2012 09:55
Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise. "With limited scope for negative surprise on impairments and with a predictable weak outlook for revenues
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 moreSFO officially launches investigation into LIBOR
6th Jul 2012 15:27
The Serious Fraud Office (SFO) confirmed on Friday that it has officially launched a criminal investigation into the now infamous LIBOR scandal involving Barclays. Prior to this point the SFO had only said that it was considering whether there was a case to bring a prosecution. On June 27th the
Read moreFTSE 100 movers: GKN leaps into the top spot after acquisition
5th Jul 2012 13:15
Shares in GKN rocketed after the announcement of its acquisition of Volvo Aero for 633m pounds. To help fund the deal GKN aims to place £140m of new shares with institutional investors, with the rest of the money coming from new debt facilities. Investec reiterated its 'buy' recommendation for the
Read moreLondon midday: Stocks edge higher as BoE ups QE
5th Jul 2012 11:35
- BoE increases QE, maintains Bank Rate - ECB expected to cut refi rate to 0.75 per cent - GKN jumps higher after 633m-pound Volvo Aero purchase The Footsie was registering moderate gains in morning trade on Thursday as investors hoped that the Bank of England would inject more stimulus into the su
Read moreLondon open: Markets cautious ahead central bank decisions
5th Jul 2012 08:35
- BoE expected to increase QE - ECB predicted to slash rates - GKN rockets after Volvo Aero acquisition The FTSE 100 was flat in early trading on Thursday with markets cautious ahead of policy decisions in both the UK and Europe due after midday. The Bank of England's (BoE's) Monetary Policy Commi
Read moreLondon open: Markets cautious ahead of policy decisions
4th Jul 2012 08:38
- Ex-div stocks provide a drag in London - Chinese economic data dampens the mood - US markets closed for national holiday UK stocks slipped in early trading on Wednesday with volumes expected to be light as US markets remain closed for Independence Day; investors are likely to be cautious ahead of
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreLondon close: Stocks surge after US data
27th Jun 2012 16:40
- US data fuels buying late on - EU summit in focus tomorrow - Xstrata appeases shareholders, Barclays rises despite 'market manipulation' London's blue chip index surged in afternoon trade on Wednesday after some upbeat housing data from the US lifted sentiment ahead of the crucial two-day EU summ
Read moreLondon midday: Investors braced for EU summit
27th Jun 2012 11:39
- Markets still nervous ahead of summit - Chinese stimulus fuels stocks - Shire and banks lead Footsie higher UK stocks rose on Wednesday as investors hoped that the upcoming EU summit in Brussels will answer some of the uncertainties that continue to cloud the global economic outlook. The summit
Read moreBroker tips: Aviva, StanChart, Safestore
27th Jun 2012 11:13
Shares of insurance giant Aviva were advancing on Wednesday morning with the stock shrugging off a downgrade by Jefferies from 'buy' to 'hold' and a target price cut from 386p to 281p. "Reversing the current valuation discount requires a significant increase in economic capital given further deteri
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