London midday: Respectable gains for Footsie
30th Jun 2010 11:58
Gains in London are now approaching respectable, buoyed by strong demand for heavy hitters in the pharmaceuticals and energy sectors. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling
Read moreHEARD ON THE STREET: U.K. House-Builders Still On The Floor
28th Jun 2010 17:10
By Hester Plumridge A DOW JONES COLUMN The average U.K. house may be worth almost GBP15,000 more than this time last year, with prices now just 10% below their pre-crisis 2007 peak, but not everyone is convinced by the recovery. Shares of U.K. house-builders are still hovering at mid-2008 lo
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 12:24
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1124 GMT [Dow Jones] Investec Securities remains a buyer of Taylor Wimpey (TW.LN), but thinks the shares could weaken in the
Read moreMARKET TALK: Taylor Wimpey Shrs May Weaken Short Term-Investec
28th Jun 2010 12:24
1124 GMT [Dow Jones] Investec Securities remains a buyer of Taylor Wimpey (TW.LN), but thinks the shares could weaken in the short term. The company's 1H update starts off relatively upbeat, but deteriorates in tone, notes Investec. The statement mentions concerns over the Autumn spending review [by
Read moreBroker snap: Taylor Wimpey lacks spark
28th Jun 2010 12:23
Taylor Wimpey's trading statement was "just OK" and there seems little to ignite the share price now that the post Budget rally looks to be spent, says KBC Peel Hunt. The housebuilder reports stable conditions in both UK and US over the past six months, but remains wary over prospects in both marke
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreUPDATE: Taylor Wimpey Confident Despite Uncertain Market
28th Jun 2010 09:40
(Adds detail, comment.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. house builder Taylor Wimpey PLC (TW.LN) said Monday it will increase sales and is confident house prices will continue to rise, but cautioned that future spending reviews, new planning structures and a
Read moreLondon open: Hangover carries into Monday
28th Jun 2010 08:53
Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco
Read moreMARKET TALK: Taylor Wimpey Update Shows Recent Trading Higher
28th Jun 2010 07:59
0659 GMT [Dow Jones] Taylor Wimpey's (TW.LN) update shows that trading has strengthened in recent weeks, after a slight softening in sales around the time of the general election, says Shore Capital. Says management is continuing to focus on price improvements rather than volumes. Elsewhere, notes t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 07:59
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0659 GMT [Dow Jones] Taylor Wimpey's (TW.LN) update shows that trading has strengthened in recent weeks, after a slight softe
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 07:50
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0650 GMT [Dow Jones] Taylor Wimpey's (TW.LN) trading update shows UK sales rates dipped heading into the UK general election
Read moreMARKET TALK: Taylor Wimpey Update Shows Dipping Sales
28th Jun 2010 07:50
0650 GMT [Dow Jones] Taylor Wimpey's (TW.LN) trading update shows UK sales rates dipped heading into the UK general election but have strengthened in recent weeks, says Liberum Capital. Adds that pricing in US markets has remained stable, while the sales rate accelerates in Canada. Says the company
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