FTSE 100 movers: Old Mutual, Standard Chartered, RBS
7th Aug 2013 13:23
Old Mutual was at the top of the leaderboard after reporting a rise in half-year profits on the back of a rise in funds under management (FuM) and client cash flows. Standard Chartered advanced as Investec analysts recommended a 'buy' rating for the stock, citing the UK's "strong second quarter" re
Read moreLondon midday: Markets underwhelmed by Carney's dovish guidance
7th Aug 2013 11:38
The FTSE 100 had sunk sharply by Wednesday lunchtime as markets reacted negatively to the Bank of England's (BoE) new forward guidance and improved growth forecasts. All eyes were on new BoE Governor Mark Carney today as he unveiled the central bank's quarterly Inflation Report in which he was wide
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreLondon close: Markets choppy on tapering concerns
6th Aug 2013 17:02
It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. The FTSE 100 finished down 15 points at 6,604, though closed well off its intraday low after a late rally.
Read moreFTSE 100 movers: Fresnillo leads miners lower
6th Aug 2013 15:10
Mining stocks were dominating the fallers list on the FTSE 100 on Tuesday with precious metals group Fresnillo leading the way lower following some disappointing first-half results. Fresnillo's share price was down nearly 9.5% in afternoon trade after a 27% decline in gross profit to $518.9m in the
Read moreLondon midday: Markets trim losses after UK data, StanChart
6th Aug 2013 11:23
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. The FTSE 100 opened firmly in the red this morning, dampened by wea
Read moreBroker tips: Intertek, Unilever, Greggs
6th Aug 2013 10:51
RBC Capital Markets has upgraded its rating for Intertek from 'underperform' to 'sector perform', providing a boost to the quality control and testing group's stock on Tuesday morning. "We like the testing structural growth story, comps are now more benign and we see a pick-up in M&A as likely. Whi
Read moreBroker snap: JPMorgan downgrades Unilever to 'neutral'
6th Aug 2013 10:28
JPMorgan Cazenove has downgraded its rating for consumer products giant Unilever from 'overweight' to 'neutral', saying that earnings downside still persists. "Despite the slide in earnings year to date we see further earnings risks at Unilever, as the market has yet to factor in a slower top line
Read moreLondon open: Markets fall as Fresnillo leads miners lower
6th Aug 2013 09:10
Weakness in the mining sector saw the FTSE 100 fall into the red for the third straight day on Tuesday after some disappointing results from precious metals miner Fresnillo. Asian markets had a mixed session overnight as traders reacted an interest-rate cut in Australia. The Reserve Bank of Austral
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreFriday tips round-up: Capita, Reed Elsevier, Unilever
26th Jul 2013 06:38
FTSE 100 outsourcing group Capita has been able to see the silver lining during this age of austerity, according to The Telegraph's Questor column. As public and private sector companies try to cut costs, they turn to outsourcing firms such as Capita. This demand for its services was reflected in it
Read moreFTSE 100 movers: Corporate earnings spark mixed reaction
25th Jul 2013 14:09
Mixed reactions to corporate earnings provided some sharp swings in share prices both ways on Thursday, with Rolls-Royce, Shire and Reed Elsevier rising strongly and Capita, Unilever, BT Group and Johnson Matthey falling into the red. Rolls-Royce Holdings jumped after reporting a 34% jump in pre-t
Read moreLondon midday: Markets shrug off UK growth as earnings disappoint
25th Jul 2013 12:07
An expected pick-up in UK economic growth in the second quarter wasn't enough to lift London's FTSE 100 into positive territory on Thursday morning as markets reacted to a series of disappointing results from a number of blue-chip firms. Capita, BT Group, Unilever and Johnson Matthey were all tradi
Read moreLondon open: Markets fall ahead of busy day for economic data
25th Jul 2013 08:29
Markets opened lower on Thursday morning as investors digested a raft of economic data and looked ahead to a series of key economic indicators due for release later on. The IFO survey on the business climate in Germany during July is due out this morning, along with the first estimate of second-qua
Read moreLondon pre-open: Lower start expected ahead of data
25th Jul 2013 07:58
Stocks are expected to fall slightly on Thursday morning as investors get set for a busy day for economic data. City sources predict the FTSE 100 will open down 13 points from yesterday's close of 6,620. The IFO survey on the business climate in Germany during July is due out this morning, along
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