FTSE 100 movers: Wolseley leads the way lower as growth slows
29th May 2012 14:42
Leading the fallers was plumbers' merchant Wolseley which saw like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year. Banking groups were also providing a drag in London with heavyweight constituents RBS, Lloyds, and Standard Chartered
Read moreLondon midday: Gains erased as Spain dents sentiment
29th May 2012 11:37
- Spanish concerns weigh on European markets - Earlier optimism surrounding China outweighed by euro worries - Banks slip into the red, miners trim gains Miners had pared their gains by Tuesday lunchtime, meaning that the Footsie had slipped back to where it had started, as Eurozone concerns outwei
Read moreLondon close: Stocks surge as JPMorgan hints at ECB stimulus
24th May 2012 16:38
-JP Morgan suggests ECB rate cut, LTRO restart -EU leaders make little progress -UK contracts more than expected in Q1 An underwhelming EU summit and a barrage of disappointing economic figures failed to hold back gains on Thursday, as the Footsie rebounded following yesterday's steep sell-off. C
Read moreLondon midday: Stocks shrug off gloomy economic data
24th May 2012 11:45
- Stocks surge after yesterday's heavy falls despite Eurozone travails - China, Eurozone PMIs disappoint - UK contracts more than expected in Q1 Equity markets across Europe on Thursday were seemingly ignoring a barrage of disappointing economic data and last night's underwhelming EU summit, as sto
Read moreLondon open: Stocks rebound after heavy sell-off
24th May 2012 08:45
- EU leaders clash over Eurobonds - Chinese manufacturing continues to contract - Financials wanted after recent sell-off Equity markets shrugged off an underwhelming EU summit and some disappointing Chinese data on Thursday morning to rebound following a heavy sell-off yesterday. The outcome of l
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreLondon close: Footsie drops one per cent after gloomy data
2nd May 2012 16:38
- US ADP data well below expectations - Eurozone manufacturing, employment figures weigh on sentiment - Banks, miners among worst performers in London The Footsie finished close to its lowest levels of the day on Wednesday, nearly erasing its impressive rise the day before, as some worse-than-expec
Read moreSector movers: Banking stocks dive, StanChart disappoints with trading update
2nd May 2012 16:18
UK banks were firmly out of favour on Wednesday afternoon, following a strong rise the day before, as the London market suffered a sell-off on the back of some gloomy economic data from the Eurozone and the US. Eurozone manufacturing took a hammering in April with Markit's purchasing managers' inde
Read moreFTSE 100 movers: Next in pole position on sales rise
2nd May 2012 14:19
Fashion chain Next rose into the top spot after sticking with full-year guidance given in March after first quarter sales showed a small year-on-year improvement, helped by contributions from new stores. Broadcaster and broadband group BSkyB was also making gains after reporting record nine-month
Read moreLondon midday: Eurozone data dampens sentiment
2nd May 2012 11:42
- Eurozone jobless rate matches 1997-high - Eurozone manufacturing takes a hammering - Banks among the fallers, StanChart falls after first-quarter update London's blue chips slumped on Wednesday morning while most other major European markets traded moderately higher as they reacted to yesterday's
Read moreBroker tips: StanChart, BSkyB, Home Retail
2nd May 2012 11:07
In spite of the negative market reaction to Standard Chartered's first-quarter update on Wednesday morning, Investec has maintained its positive view on the bank saying that it sees a 'very clear buying opportunity'. "Ahead of today's 'no numbers' Q1 interim management statement, the market had dev
Read moreBroker snap: StanChart remains on track, says Investec
2nd May 2012 09:46
In spite of the negative market reaction to Standard Chartered's first-quarter update on Wednesday morning, Investec has maintained its positive view on the bank saying that it sees a 'very clear buying opportunity'. The group boasted a "strong start" to 2012, helped by continued momentum in the ba
Read moreLondon open: Banks, ex-div stocks weigh on FTSE 100
2nd May 2012 08:43
- HSBC Chinese PMI improves but still below 50 - Standard Chartered falls after first-quarter update - BSkB leads risers after 'fit and proper' defence Following a strong rise for UK stocks yesterday when European markets were closed for May Day, the FTSE 100 opened lower on Wednesday morning. Lon
Read moreWednesday broker round-up - UPDATE
2nd May 2012 08:37
BP: Jefferies cuts target from 550p to 525p, buy rating kept. British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target. CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p. Halma: Barclays Capital downgrades from
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