London close: Losses erased after 'optimistic' fiscal cliff comments
28th Nov 2012 16:43
Comments from US Republican Speaker of the House John Boehner about the 'fiscal cliff' saw the FTSE 100 rally in afternoon trading to finish broadly flat. Markets got off to a poor start this morning after Nevada Democrat Harry Reid said that "little progress" has been made so far on avoiding the f
Read moreFTSE 100 movers: Bunzl falls on reduced price target
28th Nov 2012 14:44
Bunzl shares took a hit after Citigroup cut its target price from 1,250p to 1,190p, and kept a neutral rating. AMEC, Johnson Matthey, National Grid and Tate & Lyle were also registering losses today after going ex-dividend. Medical technology group Smith & Nephew fell after announcing that it is
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read moreLondon open: Stocks fall as focus turns to 'fiscal cliff'
28th Nov 2012 08:31
UK stocks slipped in early trading on Wednesday, tracking US markets lower, as focus turned to the impending US 'fiscal cliff'. "European equities are trading lower this morning being pressured by a late sell-off in the US yesterday evening on fears that so far there has been too little progress be
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreFTSE 100 movers: Admiral shares top the risers after upgrade
9th Nov 2012 16:02
Car insurance giant Admiral was the highest riser of the day today after Bank of America hiked its rating on the stock by two notches from 'underperform' to 'buy'. Analyst William Hardcastle said: "We are shifting our focus away from the PE growth multiple (close to historical low at 10.7 times) t
Read moreLondon midday: Bank of England holds rates as stocks rebound
8th Nov 2012 11:31
- BoE holds rates and QE - Stocks rebound after heavy sell-off - G4S drops after losing prison contract Easing concerns about Greece saw the FTSE 100 rebound slightly on Thursday morning following a steep sell-off the day before. The Bank of England's Monetary Policy Committee announced at noon th
Read moreThursday broker round-up
8th Nov 2012 09:01
AB Foods: Credit Suisse ups tagged from 1,300p to 1,450p, outperform rating kept. Aviva: Panmure Gordon keeps buy rating and 425p target. Balfour Beatty: Panmure Gordon keeps buy rating and 310p target. BTG: Jefferies keeps hold rating and 360p target; Panmure Gordon keeps hold rating and 400p t
Read moreLondon open: Stocks edge higher after Greece votes on austerity
8th Nov 2012 08:23
Stocks rebounded on Thursday morning, albeit only slightly, following steep falls the day before, after Greece voted in favour of its strict austerity measures. Wednesday's session started strongly after Barack Obama was re-elected as the US President, sparking speculation that easing measures woul
Read moreLondon pre-open: Slight rebound expected after sell-off
8th Nov 2012 07:44
Markets are expected to rebound slightly on Thursday morning as they attempt to claw back some of the heavy losses from the day before, after Eurozone concerns outweighed any Obama-related optimism and resulted in a sell-off across global benchmark indices. City sources expect the FTSE 100 to open
Read moreTate & Lyle's first half reported profits dissolve
8th Nov 2012 07:01
Softer market conditions in Europe and an increase in fixed costs put a dent in half year profits at sweeteners firm Tate & Lyle. Reported profit before tax in the six months to September 30th tumbled to £172m from £241m the year before, a 28% fall on a constant currency (CC) basis. Adjusted profi
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreLondon pre-open: Small gains expected on FTSE
23rd Oct 2012 07:29
City sources predict the FTSE 100 will open up nine points from yesterday's close of 5,883, tracking small gains seen overnight in the US which came thanks to a late rally, although trading was volatile as investors showed caution ahead of a busy week on the corporate earnings front. UK investors
Read moreLondon midday: Hargreaves leads risers in morning trade
15th Oct 2012 11:30
- Chinese export data beats forecasts - Eyes on Greece and Spain - Hargreaves Lansdown extends gains. Better-than-expected Chinese export data and hopes for the Eurozone were lifting stocks on Monday morning, with the Footsie up 0.5 per cent by lunchtime. Chinese exports increased at an annual rat
Read moreBroker snap: Jefferies upgrades Tate & Lyle to 'buy'
15th Oct 2012 11:20
Jefferies has upgraded its rating for sweeteners and food products group Tate & Lyle from 'hold' to 'buy' and raised its target price from 690p to 800p, saying that the stock currently offers a 'compelling buying opportunity'. Tate & Lyle has changed dramatically over the past three years and is no
Read more