FTSE 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 moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
Read moreBroker snap: Credit Suisse ups Tullow target after Wawa discovery
18th Jul 2012 15:42
While Tullow Oil's Wawa-1 exploration well offshore Ghana was smaller than expected, Credit Suisse has raised its target price on the stock from 1,803p to 1,796p. Tullow announced on Wednesday morning that it had made a discovery at Wawa-1, after the well encountered 13m of net oil pay with samples
Read moreLondon midday: Stocks flat with central banks in focus
18th Jul 2012 11:48
- BoE could consider rate cut in future - UK unemployment falls - Bernanke comments will be closely watched The morning's gains were pared by Wednesday lunchtime as investors digested the minutes of the latest UK policy-makers' meeting and prepared for another testimony from Federal Reserve Chairm
Read moreLondon open: Stocks edge higher ahead of BoE minutes
18th Jul 2012 08:37
- MPC minutes due out shortly - Markets still digesting Bernanke comments - Fresnillo, Ashmore, Schroders lead the risers on the Footsie The FTSE 100 edged higher on Wednesday morning ahead of the Bank of England minutes due out shortly. Meanwhile, a well-received earnings report from Swiss banking
Read moreLondon pre-open: FTSE to take lead from US ahead of jobless data
18th Jul 2012 07:27
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,629, taking its lead from gains seen in the US as investors await further direction from the latest UK jobless data and the publication of the minutes of the last Bank of England MPC meeting. Oil and gas giant Tu
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