London midday: Markets nervous ahead of US GDP, FOMC
30th Jan 2013 11:39
Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on. "European markets are looking exhausted, broadly flat as traders continue to refrain from building equity positions after the
Read moreLondon open: Stocks flat ahead of a busy day
30th Jan 2013 08:30
Markets opened flat on Wednesday morning ahead a busy day on the economic calendar with all eyes focusing on growth data and a policy decision in the US later on. The world's biggest economy is expected to have grown at an annualised rate of 1.1% in the fourth quarter of 2012, according to prelimin
Read moreUnited Utilities trading in line despite tough climate
30th Jan 2013 07:50
Tough market conditions in United Utilities' third quarter meant that the company was unable to increase revenue at the same rate as price rises. The water group said on Wednesday that trading since the first half (October 1st) has been in line with its expectations, with revenue continuing to incr
Read moreWednesday preview: All eyes on US GDP and FOMC decision
29th Jan 2013 15:59
Wednesday looks set to be a busy day on both the corporate and economic calendar. However, while there's a long list of UK blue-chip companies scheduled to report earnings, the focus will undoubtedly be on the US with economic growth data and a policy rate decision expected in the afternoon. The wo
Read moreLondon close: Footsie jumps one per cent as economic data impresses
24th Jan 2013 17:09
Better-than-expected economic data lifted the FTSE 100 over one per cent higher on Thursday afternoon, as markets shrugged off disappointing results from the world's largest technology company, Apple. American jobless claims and a US manufacturing survey from Markit came in better than forecasts to
Read moreFTSE 100 movers: CRH rises as S&P 500 hits record levels
24th Jan 2013 15:23
CRH was a strong riser following a strong start on Wall Street for the Dow and S&P 500, with the latter up at the 1,500 mark for the first time since 2007, following the better-than-expected jobless claims data. Utilities stocks were also providing a lift today after a series of broker upgrades. H
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreLondon open: Markets flat as Apple disappoints
24th Jan 2013 08:26
UK stocks opened broadly flat on Thursday morning as a disappointing earnings report from the world's largest technology company weighed on sentiment early on. US tech titan Apple saw shares tumble after the closing bell in New York last night after its fiscal first-quarter results missed forecasts
Read moreUnited Utilities director doubles stake
22nd Jan 2013 16:06
An Independent Non-executive Director of United Utilities Group doubled her stake in the group with the purchase of 5,000 shares in the company on Tuesday. Sara Weller handed bought the shares at 719.80p each for a total of £35,990. She also purchased a further 531 shares on behalf of a Mr M T Well
Read moreBroker snap: Credit Suisse trims position in UK equities
22nd Jan 2013 10:02
While Credit Suisse has retained an 'overweight' position in UK equities, the broker has trimmed its position to pay for its recent upgrade to Japan and picked out 'what to buy' in its London-listed coverage. The broker said on Tuesday that the UK has "slipped on our composite regional scorecard".
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
Read moreBroker snap: Utilities stocks continue to steady, says Seymour Pierce
21st Jan 2013 08:05
With results in the utilities sector not expected to grab many headlines over the next few weeks, Seymour Pierce has highlighted its best and worst picks for the category. "Overall, we believe that the utilities sector continues to be a 'Steady Eddie', performing as it should in uncertain markets,"
Read moreLondon pre-open: Small gains expected on FTSE, tracking US higher
18th Jan 2013 07:29
City sources predict the FTSE 100 will open up 10 points from yesterday's close of 6,132, tracking gains seen in the US overnight. US stocks delivered decent gains on Thursday, particularly the Dow Jones, while the S&P 500 rose above its five-year high. For every stock that rose on the NYSE, one fe
Read moreUnited Utilities accepts revised Ofwat water licence proposals
18th Jan 2013 07:24
United Utilities has said that its water division has accepted the revised `Section 13' licence modification proposals from Ofwat, which were published on December 21st. The company told investors it "considers that the revised licence amendments have reduced uncertainty", compared with the previo
Read more