FTSE 100 movers: ARM rises on launch of latest Apple iPhones
11th Sep 2013 14:49
Leading today's risers was ARM Holdings, the chip designer, which rose strongly in the aftermath of last night's launch by customer Apple of its new iPhone models. The phones use a new 64-bit processor, which a number of analysts believe will equate to an increased royalty rate to ARM than the 32-bi
Read moreSector movers: Oil and gas stocks fall after delays at BG Group
9th Sep 2013 18:15
Oil and gas stocks were firmly in the red on Monday as project delays from natural gas giant BG Group and falling crude prices dampened sentiment across the sector. BG, the 13th largest listed company in the UK by market capitalisation, slumped today after scaling back its production guidance for n
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreLondon close: Markets choppy after US data, Putin comments
6th Sep 2013 16:29
A disappointing US jobs report and comments from Vladimir Putin sparked a choppy end to trade on Friday, resulting in meagre gains on the FTSE 100 as risk appetite was scaled back before the weekend. The FTSE 100 ended the day up just 14.89 points at 6,547.33, a rise of 0.23%. Still, this was the h
Read moreFTSE 100 movers: Tullow Oil shares jump on oil discovery
6th Sep 2013 15:05
Shares in Tullow Oil leapt after it was revealed that the Wisting Central exploration well had made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. Tullow Oil owns a 20% stake in the licence where the oil was found. Airline group easyJet was continuing to re
Read moreLondon midday: Markets rangebound ahead of US jobs report
6th Sep 2013 11:29
The FTSE 100 was rangebound on Friday morning as traders scaled back their appetite for risk ahead of the US jobs report due out this afternoon. London's benchmark index was trading far off Thursday's close of 6,532.4 with just 21 points separating its intraday low (6,520) and high (6,541). "We'r
Read moreLondon open: Stocks fall as investors await US non-farm payrolls
6th Sep 2013 08:23
Stocks opened broadly lower on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon, seen as a deciding factor in the Federal Reserve's impending withdrawal of stimulus. US data released Thursday threw more weight behind t
Read moreTullow Oil announces major oil discovery offshore Norway
6th Sep 2013 07:41
Tullow Oil has revealed that the Wisting Central exploration well has made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. The oil and gas explorer said the well, which was drilled to a total depth of 905m and a water depth of 373m, had discovered 50m to 60m
Read moreFTSE 100 movers: Tullow Oil rebounds as real estate stocks decline
3rd Sep 2013 16:25
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreLondon close: Markets jump on data, Syria delays
2nd Sep 2013 17:02
UK investors took advantage of low volumes on Monday to push the FTSE 100 nearly 1.5 per cent higher, with impressive manufacturing data and delays to potential action on Syria prompting a bullish mood. "After posting four negative weeks in succession today's market moves on the UK benchmark index
Read moreLondon midday: Stocks jump after strong manufacturing data
2nd Sep 2013 11:19
Strong manufacturing data from both the UK and China helped lift stock markets on Monday morning while concerns over a potential military strike against Syria eased. London's FTSE 100 was registering triple-digit gains by lunchtime, with the index trading a level not since August 15th. Manufactur
Read moreLondon open: Chinese PMI boosts miners, Vodafone jumps on Verizon talks
2nd Sep 2013 08:24
Delays to a potential military strike against Syria and some better-than-expected economic data from China gave stock markets a big boost in early trading on Monday. China's official manufacturing purchasing managers' index (PMI) rose to the 51.0 point mark in August, according to the National Bure
Read moreLondon pre-open: Strong start expected after Syria delays, China PMI
2nd Sep 2013 07:26
Markets are expected to open with strong gains on Monday morning due to easing concerns over tensions between Syria and the West, for now at least. Also helping sentiment this morning is China's official manufacturing purchasing managers' index (PMI) which rose to the 51.0 point mark in August, acc
Read moreTullow Oil plugs Buzio-1 well in Mozambique
2nd Sep 2013 07:06
Tullow Oil has plugged and abandoned its Buzio-1 exploration well offshore Mozambique after failing to encounter hydrocarbons. The well, which is the second deepwater exploration well in Area 2, was drilled to a total depth of 3,333 metres in water depths of 1,534 metres. Tullow said good quality
Read moreLondon open: Stocks rebound after recent falls, Vodafone jumps
29th Aug 2013 08:36
Strong gains from Vodafone, WPP and Melrose gave markets in London a boost this morning, as stocks rebounded after some recent falls. Markets have been under pressure this week on concerns about a potential Western military intervention in Syria in response to last week's alleged chemical weapons a
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