Tuesday broker round-up UPDATE
22nd Oct 2013 08:02
Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B
Read moreFriday broker round-up UPDATE
18th Oct 2013 11:47
Aggreko: Jefferies reduces target price from 2000p to 1500p downgrading to hold. Andor Technology: Investec ups target price from 410p to 460p and maintains a buy recommendation. APR Energy: Jefferies ups target price from 1125p to 1300p and upgrades to buy. Bellway: UBS raises target price from
Read moreLondon midday: Markets jump on signs of progress on Capitol Hill
15th Oct 2013 11:33
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. The FTSE 100 in London was trading up 0.7% at around 6,560 this morning; the last time it has closed higher
Read moreLondon open: Stocks rise on hopes of US debt ceiling deal
15th Oct 2013 08:19
UK stocks jumped in early trading on Tuesday as investors showed optimism that US politicians can avert a default by agreeing to raise the debt ceiling. The FTSE 100 in London was trading up 0.6% at around 6,550 this morning; the last time it has closed higher was on September 26th when it finished
Read moreLondon close: Late rally not enough as FTSE 100 falls for fourth straight day
2nd Oct 2013 16:43
A slight bounce in the UK-listed mining sector saw the FTSE 100 rally on Wednesday afternoon but the index still finished firmly in the red, setting a fresh one-month low as political uncertainty in the US and Italy continued to weigh on sentiment. The FTSE 100 finished down 22.51 points at 6,437.5
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreSector movers: Centrica drag utilities lower after shelving gas storage plans
23rd Sep 2013 15:04
Centrica was weighing on the utilities sector on Monday after the British Gas owner announced plans to shelve two gas storage projects. The group said it has decided not to proceed with its new-build gas storage project at Baird in the UK Southern North Sea and to put its project at Caythorpe in Ea
Read moreLondon close: Investors take profits ahead of Fed decision
17th Sep 2013 17:01
Stocks extended losses by the end of trade on Tuesday as investors trimmed positions ahead of the much-anticipated Federal Reserve policy meeting tomorrow. Weighing on markets were heavy falls in the banking sector, with Lloyds sinking after the government placed a 6% stake at a 3.1% discount to ye
Read moreFTSE 100 movers: Utilities rise on cautious investing
17th Sep 2013 14:50
Utilities stocks Severn Trent and United Utilities were on the rise as investors grew cautious as the US Federal Reserve begins its two-day meeting during which the central bank will debate whether the economy has improved enough to start scaling back its monetary stimulus. Randgold Resources was
Read moreThursday newspaper round-up: Royal Mail, Pensioners, Water bills
12th Sep 2013 07:16
The government will formally begin the sale of Royal Mail on Thursday by announcing its intention to float the 497-year-old postal service on the London Stock Exchange. It is the most ambitious privatisation since the sale of the railways in the 1990s and is forcefully opposed by the unions, who are
Read moreLondon open: Stocks pull back from four-week high
11th Sep 2013 08:19
FTSE 100 opened slightly lower on Wednesday morning as markets paused for breath to digest recent developments in Syria after the government agreed to hand over its chemical weapons. London's benchmark index finished Tuesday's session at 6,583.99, its highest closing price since August 14th when it
Read moreLondon pre-open: Stocks to rise ahead of central bank meetings
5th Sep 2013 07:35
UK stocks are expected to open with moderate gains on Thursday morning following a decent finish on Wall Street last night, as investors await two important policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) later on. The Bank of Japan meeting overnight was "a bit o
Read moreSevern Trent confirms it has no plans for Ofwat pricing review
5th Sep 2013 07:01
Water group Severn Trent has confirmed it has no plans to apply to regulator Ofwat for a special interim review of its 2010-2015 price limits relating to investments and costs associated with the adoption of private drains and sewers. In its May annual results report, the group said that as a resu
Read moreLondon open: Stocks slip as Syrian turmoil hits risk appetite
28th Aug 2013 08:21
The FTSE 100 dropped firmly into the red on Wednesday morning as escalating tensions between Syria and the West spurred a reduction in risk appetite amongst investors. UN weapons inspectors are expected to return to a site in Damascus near where the suspected chemical weapons attack happened last w
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