London close: Merkel comments weigh, Footsie pares gains
13th Dec 2011 16:21
London's blue chip index experienced a boost on Tuesday afternoon, helped by a strong Spanish bond auction and a better-than-expected German confidence survey. However, stocks began to retreat late on after some worrying comments from Angela Merkel and rumours of disruption to oil exports in the Per
Read moreFriday broker round-up - UPDATE
18th Nov 2011 09:42
Pennon: Deutsche Bank upgrades to buy from hold. Capita: Peel Hunt reiterates buy and 850p target. Capita: Investec slashes target to 630p from 725p, hold maintained. Chemring: finnCap downgrades from buy to hold, target slashes from 780p to 480p. ICAP: UBS cuts target from 380p to 328p, sell ra
Read moreLondon open: Capita leads London lower
18th Nov 2011 08:47
London cannot escape the shadow of the Eurozone as shares open lower on fears of debt contagion among the European countries sharing the common currency. With the exception of GlaxoSmithKline, National Grid, Hargreaves Lansdowne and InterContinental Hotels, it is a clean sweep for the laggards amon
Read moreTullow Oil seals Suriname deal with Statoil
18th Nov 2011 08:00
Tullow Oil, the independent oil major, has sold a 30% stake in its exploration operations in Suriname to the Norwegian company Statoil. Suriname, a country on the northeastern coast of South America, claims its resources are virtually unexplored with only 22 exploration wells drilled in an area of
Read moreLondon pre-open: The only way is down
18th Nov 2011 07:41
Footsie may have rallied yesterday afternoon to pare its losses but after last night's lacklustre showing on Wall Street, the blue-chip index is set to resume its downward course this morning. City sources predict the FTSE 100 will open down 59 points from yesterday's close of 5,423. Outsourcing
Read moreDigital Look broker talk - UPDATE
10th Nov 2011 11:44
Experian: "Experian offers investors strong economics, including high barriers to entry, solid growth, gentle margin expansion and strong cash conversion. With our generally constructive view on its Brazilian growth angle we remain buyers" [Citi]. Experian: "The half year numbers are a win win on e
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreThursday tips round-up: J Sainsbury and Tullow Oil
10th Nov 2011 07:21
The Telegraph's Questor column takes a look at J Sainsbury, owners of the eponymous supermarket chain. Sainsbury released some fairly impressive numbers yesterday which included underlying profits just ahead of expectations in a tough economic environment. The other aspect of yesterday's update tha
Read moreFTSE 100 Movers: Admiral dives more than 28%
9th Nov 2011 13:02
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims. In its third quarter statement the firm had said it expected to report record profits for the full year, around 10%
Read moreLondon midday: Financials take a hit as Italian bond yields jump
9th Nov 2011 12:14
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy's soaring borrowing costs. Financials were leading the decline on the blue chip index. ITALIAN BOND YIELDS KEEP ON RISING Yields on benchmark
Read moreDigital Look broker talk
9th Nov 2011 11:10
Admiral: "Admiral's superior profitability has long been a mystery to us, but it now looks as if the apparently superior risk choice is being unwound... We see this IMS as an admission that Admiral is not immune from market forces and this will disappoint the market, we believe" [Investec]. Tullow
Read moreBroker tips: Admiral, Tullow Oil, Regus
9th Nov 2011 11:08
Investec says that "dark clouds [are] forming" at insurance giant Admiral, as it reiterates its sell rating and 843p target. Shares plunged on Wednesday morning after the firm's statement which warned 2011 profits would be at the lower end of expectations (just 10% higher than 2010) due to a jump i
Read moreBroker snap: Tullow IMS disappointing, but Evolution still says buy
9th Nov 2011 10:47
Despite shares in Tullow Oil taking a tumble on Wednesday due to the reduction to full-year production estimates, Evolution Securities says that it has made no changes to the stock's valuation and reiterated its buy rating. "Group production for 2011 is now expected to average 79-81,000 barrels of
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreLondon open: One in the eye for Admiral
9th Nov 2011 08:56
In keeping with most markets across the globe, London is on the up in the wake of the decision by Italian Prime Minister Silvio Berlusconi to proffer his resignation. Look below the surface, however, and you will see that the top-share index's modest rise is largely due to the strength of mining st
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