London midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreBroker snap: Action-packed year ahead for E&Ps, says Credit Suisse
28th Aug 2012 09:56
Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps). "We continue to favour select E&P names in Europe. The emphasis is on the 'E' that provides for uncorrelated returns via the drillbit, as activity looks set to
Read moreAgiterra ups production estimate on South Omo block
24th Aug 2012 14:04
Agriterra, an AIM-listed pan-African agricultural company, pleased investors after reporting a production estimate of 2,700m barrels on the South Omo block in Ethiopia, in which the firm holds a one-fifth working interest. The estimate follows an independent assessment of the area, which covers 29
Read moreMonday broker round-up
13th Aug 2012 08:16
AMEC: HSBC cuts target from 1,280p to 1,275p, overweight rating kept. Aviva: Exane BNP Paribas downgrades to neutral. British American Tobacco: Nomura keeps buy rating and 3,390p target. British Land: JPMorgan Cazenove ups target from 560p to 610p, overweight rating kept. BSkyB: Nomura maintains
Read moreFTSE 100 movers: Barclays profits beat expectations
27th Jul 2012 16:11
A contrite Marcus Agius, Chairman of under-fire bank Barclays, apologised for the company's involvement in the LIBOR fixing scandal as he unveiled half-year profits ahead of market expectations, causing shares to climb into the top spot. Adjusted profit before tax in the first half of 2012 rose 13
Read moreLondon midday: Stocks flat in Draghi aftermath
27th Jul 2012 11:37
- Markets still digesting Draghi's comments - Barclays leads the risers on the Footsie after first-half beat - 'Fiscal-cliff' worries weigh on sentiment London's stocks swung between gains and losses on Friday morning and were trading broadly flat by lunchtime, as investors continue to ponder over
Read moreFriday broker round-up -UPDATE
27th Jul 2012 09:54
African Minerals: Goldman Sachs upgrades to buy. AG Barr: Investec reiterates buy recommendation and 485p target; Shore Capital downgrades to hold; N+1 Brewing downgrades to hold. AstraZeneca: Nordea downgrades to sell. Barclays: Investec maintains buy rating and 240p target. BG Group: UBS cuts
Read moreLondon open: Stocks edge higher, Barclays in demand
27th Jul 2012 09:00
- Peripheral bond yields ease - Markets still digesting Draghi comments - Barclays up after first-half beat The Footsie edged higher in early trading on Friday with Barclays providing a lift after its interim results. Markets were still reacting to yesterday's comments by Mario Draghi, who said tha
Read moreLondon close: US data halts rally late on
25th Jul 2012 16:25
- Gains pared after US housing data - Markets shrug off UK GDP, rise on Nowotny comments - ARM surges after Q2 results; Tullow disappoints in H1 Markets seemed to shrug off disappointing UK economic growth data this morning as they warmed to comments from a European Central Bank (ECB) policy-maker;
Read moreFTSE 100 movers: ARM leaps after beating market expectations
25th Jul 2012 15:58
Cambridge-based computer chip designer ARM Holdings beat market expectations with its second-quarter results, as demand for its intellectual property continues to make it a British technology success story. Outsourcing behemoth Capita advanced after saying it is confident of growing revenue this y
Read moreLondon midday: Footsie rallies despite poor UK GDP
25th Jul 2012 11:45
- UK deeper in recession - ARM jumps after beating expectations - Footsie bulls into the blue The Footsie pulled into positive territory by Wednesday lunchtime in spite of some miserable economic growth data in the UK. UK gross domestic product (GDP) figures released by the Office for National Sta
Read moreLondon open: Footsie nears one-month low as results disappoint
25th Jul 2012 08:44
- UK Q2 GDP data coming out soon - Footsie nears one-month low - BT, Johnson Matthey, Tullow and BATS disappoint The FTSE 100 index looks set to experience its fourth straight day in the red as concerns over the Eurozone outlook continue to dampen equity markets worldwide; investors in London will
Read moreLondon pre-open: Stocks to fall ahead of GDP figure
25th Jul 2012 07:42
City sources predict the FTSE 100 will open down 25 points from yesterday's close of 5,499, pushed lower by a sell-off in both US and Asian markets as well as reports that UK GDP data out later today will show a contraction of 0.2 per cent in the June quarter. Tullow Oil has hailed an 'excellent'
Read moreTullow helped by higher volumes and sustained high prices
25th Jul 2012 07:12
Tullow Oil has hailed an 'excellent' first half, with revenues up by a tenth and profits up by a half, driven by increased production, sustained high oil prices and profit on a Uganda farm-down. Sales revenues increased by 10% from $1,062m o $1,167m in the six months to June 30th, helped mainly by
Read more