London midday: UK stocks surge on PBoC stimulus, ECB hopes
21st Nov 2014 12:00
UK stocks jumped on Friday as resources shares raced ahead after China's central bank surprised the market with its first interest-rate cut in two years in an effort to boost growth. After falling for the last two sessions, the FTSE 100 was up 0.8% at 6,733 by midday with the heavyweight mining and
Read moreLondon open: Oil and mining stocks push FTSE higher early on
21st Nov 2014 08:35
The UK stock market rebounded on Friday morning after two days of declines, as mining shares recovered after recent losses. Concerns about slumping iron-ore prices - currently trading at five-year lows - and slowing growth in China weighed heavily on the heavyweight resources sector in London on Thu
Read moreLondon close: Upbeat company and economic news buoys stocks
18th Nov 2014 17:06
London shares closed comfortably in positive territory on Tuesday on upbeat economic news and strong corporate results. The FTSE 100 Index closed 37.16 points ahead at 6709.13 as UK house prices reached a new high in September, according to data from the Office of National Statistics (ONS). The ONS
Read moreFTSE 100 movers: Tullow Oil lifted by Liberum comments
18th Nov 2014 15:30
Tullow Oil's share price was rising strongly on Tuesday, supported by a 'buy' call from Liberum, which downplayed the recent sell-off in the shares. The broker said that results from two "basin-opening wells" in Kenya should be released in the next three months and would be catalysts for the stock,
Read moreBroker tips: Easyjet, Tullow Oil, Balfour Beatty
18th Nov 2014 13:37
Charles Stanley is telling investors to keep shares in Easyjet after the budget carrier failed to upgrade its profit forecasts. The Luton-based airline on Tuesday posted record annual profits for the fourth year in a row, though it cautioned that investment would lead to flat revenue per seat in the
Read moreTullow Oil shares gain after Liberum reiterates 'buy'
18th Nov 2014 12:47
Tullow Oil's share price was rising strongly on Tuesday, supported by a 'buy' call from Liberum,which downplayed the recent sell-off in the shares. Liberum has cut its target price for the stock from 888p to 720p in light of the recent slump in Brent crude to a four-year low of $86 a barrel, and aft
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreLondon midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreThursday tips round-up: Capita, Tullow Oil
13th Nov 2014 20:01
The fall in shares of outsourcer Capita is an opportunity. While the company did report that its bid pipeline had fallen to £4.1bn from £5.7bn in July, that should already have been known by markets - although the retirement of its finance director is arguably a negative. The likely reason for the d
Read moreFTSE 100 movers: London Stock Exchange climbs after strong first half
13th Nov 2014 16:01
London Stock Exchange was a strong riser after it revealed first-half growth across all its business areas as it moved ahead of schedule to complete the acquisition of US index compiler and asset manager Russell Investments. Peroni and Grolsch maker SABMiller moved higher despite missing analysts' f
Read moreBroker tips: Tullow Oil, Standard Life, Wolseley, Rexam
13th Nov 2014 15:12
Westhouse Securities has lifted its stance on oil explorer Tullow Oil from 'add' to 'buy', hailing the potential of the company's portfolio of assets. The broker said it now sees "substantial upside" to the stock, with shares now worth just over half of what they were six months ago. However, it has
Read moreSector movers: Oil stocks slide as Brent crude extends four-year lows
13th Nov 2014 15:03
A sharp drop in the price of Brent crude to below $80 a barrel sent oil stocks lower on Thursday, with oil prices now at their lowest levels in over four years. Tullow Oil was among the worst performers as a string of brokerages cut their target prices for the stock. 'Big Oil' group Royal Dutch She
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreWesthouse upgrades Tullow on 'substantial upside'
13th Nov 2014 10:18
Westhouse Securities has lifted its stance on oil explorer Tullow Oil from 'add' to 'buy', hailing the potential of the company's portfolio of assets. The broker said it now sees "substantial upside" to the stock, with shares now worth just over half of what they were six months ago. However, it ha
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