London midday: FTSE 100 rangebound as market lacks clear direction
25th Mar 2015 12:01
UK equities traded in a narrow range on Wednesday, unable to pursue a firm direction as markets continue to be conflicted with mixed signals. At 1212 GMT, the FTSE 100 index was flat at 7020. On Tuesday, a slide on Wall Street which caused the S&P500 to close 13 points lower pressured Asian share m
Read moreLondon open: FTSE 100 plays catch up with peers after previous weak finish
25th Mar 2015 09:04
UK's FTSE 100 index is playing catch up with its European counterparts who outperformed it in the previous session. On Tuesday, the London benchmark pared session losses to close lower while Germany's DAX and France's CAC-40 swung mildly higher. In Wednesday's session, the tables have turned in fav
Read moreLondon pre-open: Subdued start expected for UK stocks
25th Mar 2015 07:45
UK stocks are expected to experience a quiet start on Wednesday morning, with investors continuing to trade cautiously with markets near record highs. City sources predict the FTSE 100 will open just a few points lower than Tuesday's close of 7,019.68. The Footsie had pulled back from the all-time
Read moreUnited Utilities reports in line trading and over £850m in capital investment
25th Mar 2015 07:11
United Utilities Group said it expects a modest increase in underlying operating profit for current year earnings compared with the previous year and plans to invest over £850m in regulatory capital investment during the period. The UK utilities giant on Wednesday said revenues for the period ending
Read moreTuesday broker round-up
3rd Mar 2015 16:59
St. James's Place: Morgan Stanley ups target to 1,097p from 963p while reiterating overweight stance. AO World: Cannacord Genuity lowers target to 170p from 220p and reiterates hold. British American Tobacco: Jefferies raises target to 4,440p from 4,140p and reiterates buy. Kaz Minerals: Exane BNP
Read moreLondon open: Stocks drop on Greek fears, but miners rise on Chinese stimulus hopes
9th Feb 2015 09:08
Mining stocks were shrugging off some gloomy economic data from China on Monday morning on hopes for further stimulus in Beijing, though the wider market was dragged into the red on the back of ongoing concerns about Greece. London's FTSE 100 was down 1% at 6,786 early on. Greek prime minister Alex
Read moreSector movers: Utility stocks gain as investors welcome price cuts
27th Jan 2015 14:52
Utility stocks were the best performers on London's stock market on Tuesday, as moves by energy providers to cut costs were welcomed by investors. SSE became the latest group to cut household gas bills on the back of the recent collapse in wholesale fuel costs. Shares were up nearly 2% in afternoon
Read moreMonday broker round-up
15th Dec 2014 09:29
Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk
Read moreLondon close: FTSE sinks 2.5%, extends weekly decline to 6.6%
12th Dec 2014 16:38
UK stocks plummeted to levels not seen in nearly two months on Friday as weak global economic data and an ongoing sell-off of crude oil hammered market sentiment. The FTSE 100 settled at just 6,300.63 by the end of trade, down an eye-watering 2.5% on the day, with just four constituents on the index
Read moreFTSE 100 movers: Oil stocks track oil price lower
12th Dec 2014 15:15
Petrofac, Tullow Oil, BP, Shell and a host of stocks exposed to the oil price were suffering heavy losses on Friday. Oil and gas engineer Weir, however, was bouncing back after recent declines following an upgrade by Canaccord Genuity from 'hold' to 'buy'. The broker said the stock's valuation now l
Read moreLondon midday: Stocks tumble as oil prices extend losses, data disappoints
12th Dec 2014 11:36
Weaker-than-expected data from across the globe and a continued plunge in oil prices meant that there was no let-up in the sell-off for UK equity markets on Friday. Stocks were falling for the fifth day straight, with shares in the oil and gas sector faring the worst. London's FTSE 100 was down a s
Read moreLondon open: Sell-off continues as UK resource stocks tank
12th Dec 2014 08:42
The dramatic sell-off on the FTSE 100 continued into its fifth straight day on Friday as a weak finish on Wall Street and disappointing data from China hammered already-fragile sentiment on the market. London's benchmark index was down a staggering 1.3% at 6,377 early on, dropping below the 6,400 le
Read moreFTSE 100 movers: Mining and telecom stocks on the rise
26th Nov 2014 15:29
MIning stocks were leading the risers on the FTSE 100 on Wednesday, rebounding after recent declines. Antofagasta topped the list, rising 3.7%, with peers Anglo American, Fresnillo and Randgold also registering decent gains. BT Group was continuing to rise after saying that it was in talks with vari
Read moreLondon midday: Mining stocks and telecoms M&A give FTSE a lift
26th Nov 2014 11:42
Decent gains from miners and M&A speculation in the telecoms sector gave UK stocks a boost on Wednesday, along with data which confirmed that the British economy expanded as expected in the third quarter. London's FTSE 100 was up 0.2% at 6,747 by midday, with resource shares leading the charge, rebo
Read moreLondon open: UK stocks rise ahead of GDP data, but Thomas Cook sinks
26th Nov 2014 09:21
UK stocks advanced on Wednesday as investors adopted an optimistic approach ahead of gross domestic product (GDP) figures in the UK. London's FTSE 100 was up 0.4% at 6,755 in early deals, with mining stocks leading the charge after recent weakness, though results from blue chips Wolseley, Compass an
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