London midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
Read moreLondon close: Footsie finishes higher on strong macro data
20th Apr 2012 16:21
- German Ifo and UK retail data lifts sentiment - Financials and miners make strong gains in London - Strong start on Wall Street, GE and Microsoft beat forecasts After some better-than-expected economic data spurred a rise for the FTSE 100 this morning, the blue chip index held on to gains in the
Read moreMonday broker round-up - UPDATE
16th Apr 2012 08:22
AMEC: Investec keeps buy rating and 1,300p target. AVEVA: Merchant Securities maintains buy recommendation and 1,800p target; Invetec cuts target from 1,900p to 1,850p, buy rating kept. Barclays: Investec maintains buy rating and 240p target. BHP Billiton: UBS cuts target from 2,500p to 2,400p, b
Read moreSector movers: Oil services stocks drop, defensives in demand
10th Apr 2012 15:09
Drugs and utilities stocks were among the few making gains on Tuesday afternoon, as investors sought 'safer', more defensive assets on the back of some gloomy employment data out from the US on Friday. GlaxoSmithKline and AstraZeneca were providing a lift in the pharmaceuticals and biotechnology se
Read moreLondon midday: Miners provide a drag on Footsie
10th Apr 2012 11:53
- Friday's US jobs data dampens sentiment - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement The Footsie had fallen by nearly one whole percentage point by Tuesday lunchtime as investors digested a gloomy jobs report from the US which came out on Friday.
Read moreLondon midday: Gains pared despite strong performance by banks
27th Mar 2012 11:55
- Government may cut stake in RBS - Defensives sold off - Resolution could split before sale The Footsie was nearly back where it started by midday, after gains were trimmed as heavy losses for Resolution, Compass and utilities stocks weighed on the blue chip index. The earlier rise for London's
Read moreFriday broker round-up
23rd Mar 2012 09:23
Aviva: UBS raises target from 380p to 450p, buy rating unchanged. British American Tobacco: Jefferies ups targets from 3,340p to 3,600p, buy recommendation maintained. Bunzl: Jefferies reiterates underperform rating and 845p target. Imperial Tobacco: UBS raises target from 2,545p to 2,745p, buy r
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreFTSE 100 movers: Rangold Resources down on reports of military coup
22nd Mar 2012 14:22
Shares in gold miner Randgold Resources sank into the bottom spot on the back of reports of a military coup in Mali, the country where two of its three main projects are located. According to media reports, rebel troops have taken over Malian state radio and television and have announced that they
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
Read moreBroker snap: Nomura lifts targets for utilities after Budget
22nd Mar 2012 10:26
While Nomura has maintained a bearish view on the UK utilities sector, yesterday's Budget did include a cut in corporation tax leading the broker to upgrade its target prices for utilities under its coverage. Chancellor of the Exchequer George Osborne announced yesterday that the planned sequence o
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
Read moreLondon pre-open: Stocks take lead from US
22nd Mar 2012 07:43
City sources predict the FTSE 100 will open down five points from yesterday's close of 5,892, taking its lead from stocks in the US. Stocks to watch Fashion retail chain Next said the year to the end of January finished well after 2011 had presented the retail sector with 'the perfect economic s
Read moreUnited Utilities revenue growth below price rise
22nd Mar 2012 07:02
United Utilities has said that it is on track to deliver a 'good' underlying financial performance for the year ended March 31st, and is on course to meet its regulatory outperformance targets. However, the water, waste-water and telecoms firm said that full-year revenues are expected to be 3-4% hi
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