London midday: FTSE 100 declines on surprise construction slowdown
4th Aug 2015 12:21
(ShareCast News) - The FTSE 100 continued its slide as investors weighed earnings, mixed news from Greece and a worse-than-expected report on the UK construction sector. The Markit/CIPS purchasing mangers' index on UK construction activity fell to 57.1 in July from 58.1 a month earlier, missing fore
Read moreLondon open: Stocks slump as commodities weaken
4th Aug 2015 09:23
(ShareCast News) - London equities were dragged into negative territory by natural resource related stocks as commodity prices weakened. A measure of mining shares were in the red, including Rio Tinto, Anglo American and Fresnillo, as gold and silver prices declined on the Comex. The mining sector
Read moreTravis Perkins builds momentum in second quarter
4th Aug 2015 08:10
(ShareCast News) - Building materials group Travis Perkins posted robust first-half results in the face of continued wobbles in the plumbing and heating market, with sales growth accelerating in the second quarter and the dividend lifted 20%. The FTSE 100 group said there were "signs of recovery" in
Read moreLondon pre-open: Europe likely to follow the US lower
4th Aug 2015 08:07
(ShareCast News) - City sources predict the FTSE 100 will open 25 points lower than Monday's close of 6,688.62. Overnight markets were mixed with the US down and Asia up, but Europe has followed the US, London Capital Group night editor Jonathan Sudaria said. "Gains in Asia, and in particular
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreLondon close: Market recoups previous session's losses
27th May 2015 15:47
UK stocks closed higher on Wednesday, rebounding from heavy losses in the previous session, buoyed by strength in the construction, electricity and tobacco sectors. The FTSE 100 experienced few surprises and gained steadily throughout the day, closing 1.24% higher at 7,034.9. The index had plunged 1
Read moreFTSE 100 movers: CRH surges on Holcim offer, Weir Group hit by downgrade
27th May 2015 12:33
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, construction, electronics and utilities stocks outweighed weakness in mining and industrial metals. As of 13:45, the FTSE 100 was trading points 47.1 points higher at 6,996. Shares in building materials group CRH sur
Read moreLondon midday: Imperial and CRH lead the rebound before Queen's Speech
27th May 2015 11:39
Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia
Read moreLondon close: Stocks hit two-week high as blue chips rise
22nd May 2015 16:36
UK stocks reached a two-week high on Friday on the back of decent performances from heavyweights Vodafone and HSBC, along with gains in defensive categories such as pharmaceuticals. Markets across Europe were struggling to push higher on concerns about Greece, while Wall Street opened in the red on
Read moreSector movers: Mining shares, Vodafone chatter edge FTSE 100 towards record high
22nd May 2015 13:46
Mining and telecommunications shares, with the latter led by Vodafone, edged the FTSE 100 towards a record high on Friday. With the weekend closing bell in sight, at 16:15 BST, the blue chip index was up 0.55% or 38.24 points at a fresh record high of 7051.71. Chatter over Vodafone's possible merger
Read moreFTSE 100 movers: Vodafone surges on continued merger speculation, miners higher
22nd May 2015 12:51
UK stocks were buoyed on Friday by higher commodity prices and data revealing the US had remained in deflation last month. Sector-wise gains made by miners, engineers and telecoms stocks outweighed weakness in technology and travel stocks. At 14:00 BST, the FTSE 100 was trading 37 points higher at 7
Read moreBroker tips: BHP Billiton, BP, Building materials sector
22nd May 2015 11:39
Investec has upgraded its stance on BHP Billiton from 'sell' to 'hold' following the spin-off of the miner's South32 portfolio this week, as well as recent reduced capital and operating cost guidance. While many of BHP's remaining key commodities at prices not seen since 2009, the broker said: "We e
Read moreLondon midday: Stocks hold on to gains before US CPI, Vodafone continues to rise
22nd May 2015 11:23
UK stocks held on to gains on Friday ahead of some key economic data from the States, which is forecast to show that the US remained in deflation last month. Strong gains from Vodafone, HSBC and a host of stocks in the mining sector were supporting markets in London. The FTSE 100 was up 0.37% at 7,
Read moreJefferies turns positive on building materials stocks
22nd May 2015 11:20
Shares of building materials peers Wolseley, Travis Perkins, Howden Joinery and Grafton Group were all on the rise on Friday after Jefferies took positive stance on the sector. With equity markets more buoyant, the broker admitted that its previous valuation metrology was "too cautious", as it upgra
Read moreLondon close: Tesco leads the decline as hawkish BoE spooks markets
22nd Apr 2015 17:08
A record loss from the UK's largest retailer and hawkish comments from the Bank of England combined to push stocks in London lower on Wednesday. The FTSE 100 finished the session down 0.49% at 7,028.24, pulling back after rising to a high of 7,092.34 early on. The index came close to its intraday hi
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