Broker tips: Barclays, Sage, United Utilities
26th Apr 2013 12:49
Tradenext has recommended investors to pick up shares of banking giant Barclays at current levels, highlighting the company's M&A business and 'Transform Programme'. Barclays' shares dipped below 290p on Friday morning after rising to an intraday high of 305p on Wednesday after its first-quarter re
Read moreLondon midday: Miners fall ahead of US growth figures
26th Apr 2013 12:08
Stocks in the UK slipped on Friday morning as traders took profits after a three-day winning streak with markets nervous ahead of economic growth data from the United States this afternoon. The US Commerce Department is expected to reveal that gross domestic product (GDP) in the world's largest eco
Read moreBroker snap: UBS downgrades United Utilities on regulatory risk
26th Apr 2013 11:38
UBS has downgraded its rating for United Utilities from 'buy' to 'neutral' on the back of its negative exposure to regulator change. "We believe the UK water sub-sector remains attractive in the current macro environment, despite regulatory change and a likely cut to allowed returns," UBS said in a
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreFTSE 100 movers: Fresnillo leads miners lower
15th Apr 2013 15:26
Metals producers were under the weather throughout the day on Monday after the disappointing economic data. Fresnillo and Polymetal were the worst hit, both down over 10 per cent by late afternoon, while Randgold and Evraz weren't far behind. Polymetal was being dragged lower by a downgrade from C
Read moreLondon midday: Chinese slowdown sinks miners and commodity prices
15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read moreLondon open: Miners hammered after Chinese slowdown
15th Apr 2013 08:29
Mining stocks were registering sharp falls on Monday morning as a surprise slowdown in Chinese economic growth weighed on the outlook for commodities demand. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, while the consensus forecast had be
Read moreLondon close: Stocks fall on Eurozone fears
21st Mar 2013 16:20
The FTSE continued its journey lower today, as investors grew increasingly concerned over events in Cyprus and the Eurozone generally. Manufacturing data from the region showed its fastest rate of contraction in three months, dashing hopes of an economic recovery. Things were looking up closer t
Read moreFTSE 100 movers: Next rises on profit increase
21st Mar 2013 15:04
UK retailer Next leapt into the top spot after posting a rise in full year profits, boosted by growth in online sales and business expansion. Pre-tax profits climbed by 9.0% to £621.6m for the year to the end of January 2013, compared to £570.3m a year earlier. AstraZeneca was up after making th
Read moreLondon midday: Selling abates ahead of US data barrage
21st Mar 2013 11:50
UK stocks were near their lows of the day by mid-session, weighed down by the much weaker than forecast manufacturing and services sector data out this morning in the Eurozone. That came ahead of a barrage of macroeconomic statistics which were scheduled for release in the United States this after
Read moreLondon open: Eurozone PMI data overshadows Cyprus crisis
21st Mar 2013 09:02
UK stocks have begun the day firmly lower, weighed down by the much weaker than forecast manufacturing and services sector data just out in the Eurozone. The Markit manufacturing sector purchasing managers' index for the month of March has come in at 46.6, versus 47.9 for the month before (Consens
Read moreLondon pre-open: FTSE to edge lower in opening trade
21st Mar 2013 07:29
City sources predict the FTSE 100 will open down four points from yesterday's close of 6,433, as investors digest recent events both in the UK and abroad. Of recent concern is the political instability in Australia as the country awaits a new prime minister. Closer to home, on today's agenda is t
Read moreUnited Utilities expects rise in annual operating profits
21st Mar 2013 07:01
UK's largest water company United Utilities expects to report an increase in annual profits despite rises in depreciation and power. Ahead of results for the year ending March 31st 2013, the firm said it was trading in line with expectations as it "continues to drive improvements in customer servic
Read moreFTSE 100 movers: Miners continue to decline on Eurozone fears
19th Mar 2013 14:50
Mining stocks were dominating the fallers list today as risk appetite waned, with Evraz leading the way and Rio Tinto and BHP Billiton both hit by a downgrade by Goldman Sachs. Precious metals group Fresnillo dropped after Deutsche Bank cut its rating from 'hold' to 'sell', saying that the current
Read moreThursday tips round-up: Renishaw, United Utilities
31st Jan 2013 07:15
Apple never confirms who its suppliers are, but one is plainly Renishaw, the Gloucestershire company that gets about 28 per cent of its revenues from the Far East ? mainly China, where iPhones and other smartphones and tablets are made using its precision-measuring tools. The company´s halfway figur
Read more