Monday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreLondon close: FTSE in red as energy stocks weakened by sanctions
30th Jul 2014 16:59
- FTSE closes down 34.31 at 6,773.44 - Energy stocks hit by Russian sanctions - Eurozone confidence beats expectations - US GDP growth 4% techMARK 2,779.29 -0.11% FTSE 100 6,773.44 -0.50% FTSE 250 15,629.84 -0.36% London's blue chips ended Wednesday's session firmly in the red, with the sharpest
Read moreFTSE 100 movers: Barclays leads after results
30th Jul 2014 16:04
Barclays was in the top spot after reporting a less-than-expected 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking units. The consensus estimate had been for a drop to £13.23bn. Numis Securities reiter
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read moreTravis Perkins posts positive first half figures, lifts divi 22.5%
30th Jul 2014 09:07
- LFL H1 revenue up 10.2% - Gross margins down 0.8ppt - PTP of £162.5m Builder's merchant Travis Perkins was a strong riser on Wednesday after posting a 10.2% rise in life-for-like (LFL) first half revenue and a 16% increase in the dividend. The gains were driven by increased customer confidence,
Read moreLondon open: Stocks slip as investors digest earnings, Barclays rises
30th Jul 2014 08:26
- Barclays rises as investors digest wave of corporate earnings - Russian sanctions, Gaza and Argentina in focus - US economic data, Fed decision due out later on techMARK 2,785.48 +0.12% FTSE 100 6,797.66 -0.15% FTSE 250 15,671.08 -0.10% UK markets opened slightly lower on Wednesday as investors
Read moreLondon close: TUI and housebuilders help FTSE end higher
27th Jun 2014 16:59
- FTSE closes up 22.65 at 6,757.77 - UK consumer confidence at nine-year high - Q1 GDP revised lower techMARK 2,817.88 +0.56% FTSE 100 6,757.77 +0.34% FTSE 250 15,681.46 +0.22% London-listed stocks rose in this afternoon's trading to end higher, lifted by strong consumer confidence data, a long-aw
Read moreFTSE 100 movers: TUI Travel leads the risers after merger deal
27th Jun 2014 16:12
TUI Travel shares jumped after it announced that it had agreed the terms of a merger between itself and parent company TUI AG, a move that will create the world's "number one integrated leisure tourism business". Under the terms of the agreement, TUI Travel investors would receive 0.399 new TUI AG s
Read moreFTSE 100 movers: LSE and housebuilders lead as Barclays slumps
26th Jun 2014 15:53
LSE is spending $2.7bn in cash on buying Frank Russell Company in a deal that will combine the group's Russell and FTSE index businesses. Investors seemingly gave a thumbs up to the acquisition with shares rising strongly despite the announcement that it will be part-financed by a $1.6bn rights issu
Read moreHousing stocks gain as BoE unveils 'modest' measures to cool market
26th Jun 2014 13:31
The Bank of England (BoE) announced a series of measures on Thursday to cool the housing market, which it claims is the biggest risk to the economic recovery. However, housing stocks rose strongly in London as investors breathed a sigh of relief in reaction to the proposals which "look - at least a
Read moreFTSE 100 movers: Rolls-Royce soars on £1bn buyback proposal
19th Jun 2014 15:17
Jet engine maker Rolls-Royce took off after pledging to buy back £1bn of shares if it succeeds in selling its energy gas turbine and compressor business to Germany's Siemens. The company also outlined plans to reduce capital spending in the next five years. Housing stocks were also rebounding after
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
Read moreLondon open: UK stocks jump post-Fed, Rolls-Royce gains
19th Jun 2014 08:30
- Fed tapers by $10bn a month - Yellen says rates to stay low - UK retail sales, US jobless claims on tap - Rolls-Royce unveils £1bn buyback techMARK 2,823.77 +0.67% FTSE 100 6,827.27 +0.72% FTSE 250 15,752.09 +0.82% UK stocks rose strongly on Thursday, helped by some decent gains from Rolls-Royce
Read moreLondon close: FTSE ends up as market ignores US GDP
29th May 2014 16:59
- FTSE 100 closes up 20 at 6,871 - US Q1 GDP comes in below expectations - Smith & Nephew in focus techMARK 2,809.39 +0.34% FTSE 100 6,871.29 +0.29% FTSE 250 15,954.82 +0.12% UK stocks settled higher after rising early on and staying fairly steady throughout the afternoon, despite the release of a
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