FTSE 100 movers: Banks dragging index lower
28th Jun 2012 15:07
Shares in Barclays were under heavy selling pressure after the banking group was found guilty of 'market manipulation' into interbank lending rates, prompting calls for the resignation of Chief Executive Officer Bob Diamond. Several other banks, including HSBC, Royal Bank of Scotland (RBS) and Llo
Read moreFTSE 100 movers: Shire dives on rival application
25th Jun 2012 13:59
Shares in pharmaceutical giant Shire tanked after the US Food and Drug Administration approved a rival's application to make a generic version of its attention deficit and hyperactivity disorder (ADHD) drug, Adderall XR. IAG was also out of favour on reports that nationalised Spanish bank Bankia a
Read moreLondon close: Markets look to Fed for more stimulus
20th Jun 2012 16:32
-Greek forms new coalition government -MPC divided on more QE -Markets await the Fed decision later today News of the formation of a Greek coalition and hopes of further stimulus measures in the UK and the US gave stocks a lift on Wednesday afternoon. New Democracy leader Antonis Samaras was swor
Read moreFTSE 100 movers: Sage provides a lift after acquisition
20th Jun 2012 15:30
Accountancy software behemoth Sage Group was the best performer on the blue-chip index today after acquiring a majority interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil, for 125m pounds. Investec upgraded its rating on the stock today
Read moreLondon midday: Stocks gain on stimulus hopes
20th Jun 2012 11:31
- Stocks pare losses after MPC minutes - Markets await the Fed decision later today - Aviva, ITV and Sage gain; ex-div stocks drag The Bank of England's (BoE's) vote on maintaining its asset purchase programme proved to be a contentious issue last month and the news provided a boost to stock market
Read moreLondon open: Markets cautious ahead the Fed decision
20th Jun 2012 08:43
- Eyes on the MPC, Greece and FOMC - Ex-div stocks dampen Footsie - ITV gains on bid rumours The Footsie slight lower on Wednesday morning with investors showing caution ahead of what is likely to be a busy day on the macro-economic front; all eyes will be on the Bank of England (BoE), Greek leader
Read moreFTSE 100 movers: Financials push top tier index higher
11th Jun 2012 14:41
Financial stocks were tracking their European counterparts higher on Monday, as the continent's banking industry celebrated Spain's request for aid. Barclays, Lloyds and RBS were among the highest risers, helped by Oriel Securities which kept buy ratings on all three stocks today. HSBC was also ga
Read moreLondon midday: Gains pared after Spanish bank-bailout
11th Jun 2012 11:28
- Spain asks for 100bn euros for its banks - Spanish bond yields still on the up - Financials across Europe gain The FTSE 100 was firmly in positive territory by Monday lunchtime, but the index was trading well off its intraday high of 5,532 as investors digested this weekend's request from Spain f
Read moreLondon close: Spain in focus after bailout rumours
8th Jun 2012 16:37
- Spanish bailout could be on the cards - Fitch downgrades Spain to BBB - Investors look ahead of Chinese data this weekend Rumours about an imminent recapitalisation of Spain's banking sector and concerns over global growth were doing the rounds on Friday, yet the Footsie still managed to pare los
Read moreFTSE 100 movers: Miners fall as investors reach for utilities
8th Jun 2012 14:55
Metals prices were retreating throughout Friday's session, pressuring mining stock lower. Vedanta, Kazakhmys, Antofagasta, Xstrata, Rio Tinto, Glencore and ENRC were among the worst performers. A stronger dollar was making greenback-denominated commodities more expensive early on, with crude prices
Read moreLondon midday: Stocks weighed down by Spain, Bernanke
8th Jun 2012 11:40
- Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend - Spain denies rumours of imminent bank bail-out petition Blue chips were off their intraday lows but still firmly in the red by Friday lunchtime as concerns over Spain continued
Read moreLondon open: Spanish downgrade dents stocks early on
8th Jun 2012 08:27
- Fitch downgrades Spain to BBB - Bernanke warns of risks to US economy - Lamprell tanks after profit warning London's FTSE 100 index dropped into the red in early trading on Friday after Spain's credit rating was downgraded last night, exacerbating concerns about the country's troubled banking sec
Read moreFriday broker round-up - UPDATE
1st Jun 2012 09:16
SAB Miller: Credit Suisse reiterates outperform; Societe Generale upgrades to buy from hold, while raising target to 2,800p from 2,600p. ITV: Investec downgrades to sell from hold, lowers target to 60p from 90p. BP: Jefferies reiterates buy recommendation and 525p target. Enterprise Inns: Peel
Read moreLondon close: Stocks rally after strong start in US
29th May 2012 16:29
-US markets provide a lift after long weekend -Chinese optimism lifts resource stocks -Greggs celebrates pasty tax U-turn With US stocks starting on the front foot following a long weekend, London's blue-chip equities were given a boost helping the Footsie to rally in afternoon trade. Investors St
Read moreSector movers: Defensives bear the brunt of increased risk appetite
29th May 2012 15:24
Defensive sectors were firmly out of favour on Tuesday as investors shifted into 'riskier' assets such as mining stocks. Food and drug retailers were the worst performers, with heavyweight supermarket peers Tesco, Sainsbury and Morrison registering moderate losses in afternoon trade. Other defensi
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