London open: Markets cautious ahead of policy decisions
4th Jul 2012 08:38
- Ex-div stocks provide a drag in London - Chinese economic data dampens the mood - US markets closed for national holiday UK stocks slipped in early trading on Wednesday with volumes expected to be light as US markets remain closed for Independence Day; investors are likely to be cautious ahead of
Read moreLondon pre-open: Small declines forecast for FTSE
4th Jul 2012 07:34
City sources predict the FTSE 100 will open down 12 points from yesterday's close of 5,688, with little guidance from the US following a half day of trading. Echoing statements made by sector peer Persimmon on Tuesday, house builder Taylor Wimpey said the first half of 2012 was a stable one for th
Read moreRecord first-half revenues for Tullow
4th Jul 2012 07:04
Tullow Oil expects revenues in the first half of 2012 to set a new record and said that it remains well-placed for continued success for the rest of the year. Revenue in the six months to June 30th is estimated to be $1.15bn, up from $1.06bn the year before. Group working interest production in th
Read moreBroker tips: Carnival, Polymetal, Tower Resources...
25th Jun 2012 11:26
Investec has labelled cruise operator Carnival as a 'key sector pick', saying that the recent dip in the share price should be used as a buying opportunity; the target price is lifted from 2,500p to 3,000p. "We advise utilising Friday's drop to invest in our sector key pick, with the group having:
Read moreBroker snap: Jefferies downgrades Tower and Cove
25th Jun 2012 11:23
Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector. "We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi A
Read moreLondon midday: Banks shrug off downgrades, but resources stocks drag
22nd Jun 2012 11:48
- Banks rise in spite of Moody's downgrade - Spanish banks need up to 62bn euros, says private audit - German business confidence falls to two-year low Banks were making gains by midday as they shrugged off a sector-wide downgrade my Moody's, but the Footsie still remained in the red with oil and m
Read moreLondon open: Mass bank downgrade in the spotlight
22nd Jun 2012 08:32
- Moody's downgrades 15 global banks - Spain needs up to 62bn euros in bank aid - Oils and miners drops early on London's blue chips dropped sharply on Friday morning with the mass bank downgrade by Moody's weighing on sentiment across Europe. Credit ratings agency Moody's has downgraded 15 major
Read moreLondon close: Losses pared, but Sky falls in
14th Jun 2012 16:42
A late rally on the back of Wall Street strength saw Footsie erase most of the day's losses. Eurozone worries were on the market's mind for much of the day after credit ratings agency Moody's slashed Spain's sovereign debt rating by three notches to a level barely above junk status. Italy's bond
Read moreLondon midday: Markets calm as Italian yields rise
14th Jun 2012 11:50
Markets have reacted positively in the main to the outcome of the Italian bond auction on Thursday morning, which saw yields rise fairly steeply. Italy issued a total of €4.5bn of debt in three, seven, and eight-year bonds. It matched its issuance target but had to pay higher yields than on the pr
Read moreLondon open: Sweet FA deal batters Sky and BT
14th Jun 2012 08:45
You would have thought that the market had become used to sovereign debt downgrades by now, but the decision by Moody's to take Spain's rating down three notches to a level adjacent to 'junk' status has ratcheted up tension ahead of Italy's debt auction this morning. Italy is set to auction €4.75bn
Read moreThursday newspaper round-up: Tullow, easyJet, Eurozone
14th Jun 2012 06:55
Microsoft is in talks to buy a leading social network for companies for more than $1bn, according to reports. A deal for Yammer could be sealed as soon as today, Bloomberg reported, citing unidentified sources. Microsoft already owns a range of business products, and adding Yammer would step up the
Read moreLondon midday: Stocks weighed down by Spain, Bernanke
8th Jun 2012 11:40
- Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend - Spain denies rumours of imminent bank bail-out petition Blue chips were off their intraday lows but still firmly in the red by Friday lunchtime as concerns over Spain continued
Read moreLondon close: Stocks gain with central banks in the spotlight
7th Jun 2012 16:53
- Gains trimmed after Bernanke comments - China surprises with rate cut - BoE maintains rates and QE The FTSE 100 made impressive gains on Thursday with all eyes on the central banks, though comments from Ben Bernanke knocked the blue-chip index off its intraday high in afternoon trade. The Bank o
Read moreLondon midday: China cuts interest rates, steals spotlight
7th Jun 2012 11:39
-PBoC cuts rates -BoE maintains rates and QE -Investors digest stimulus speculation -Stocks react positively to Spanish debt auction The FTSE 100 index was trading close to its intraday high by Thursday lunchtime despite weakness in the mining sector; the Bank of England revealed at noon that it ha
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
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