London midday: Stocks rally after German vote on ESM
12th Sep 2012 11:48
- Stocks jump after ESM vote in Germany - Spain considering ECB bond purchases - Banks lead the rally The FTSE 100 had swung into positive territory by Wednesday lunchtime with banking stocks in the lead after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mec
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreLondon open: Stocks cut losses slightly after German decision
12th Sep 2012 08:27
- German Constitutional Court approves ESM - Major events still to come this week - China's Wen confirms GDP growth UK stocks are holding slightly lower in early trading on Wednesday although the initial reaction to the German Constitutional Court's (GCC) decision on the European Stability Mechanis
Read moreVodafone special dividend could be delayed
12th Sep 2012 07:36
Investors in Vodafone Group who may be waiting for Verizon Communication to approve a dividend from their US mobile-phone venture will have to hold out longer, according to two people with knowledge of the matter, Bloomberg is reporting. Verizon Wireless's board doesn't plan to discuss a potential
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreLondon close: Footsie drops 1.5 per cent as nerves take over
4th Sep 2012 16:41
- US manufacturing data disappoints - Markets nervous ahead of ECB meeting - Broker downgrades take down Vodafone, Land Secs... Disappointing manufacturing data from the US and skittishness ahead of a European Central Bank (ECB) monetary policy decision on Thursday sparked a sell-off on global stoc
Read moreLondon midday: Evraz leads fallers on the FTSE 100
4th Sep 2012 11:53
- Investors in 'wait and see mode' ahead of ECB - Markets await pivotal US ISM data - Moody's lower EU outlook to 'negative' The FTSE 100 had slumped to its lowest levels of the day by Tuesday lunchtime as investors were cautious about building positions ahead of some pivotal US economic data this
Read moreLondon pre-open: Stocks to fall after poor Chinese data
3rd Sep 2012 07:27
London's FTSE 100 index is expected start the week on a dull note after weak economic data from China provided some gloom early on. City sources are predicting that the Footsie will open down around 14 points from Friday's close of 5,712. According to a monthly survey by HSBC, the China manufactur
Read moreVodafone in Middle East tie-up with Zain
3rd Sep 2012 07:04
Mobile communications titan Vodafone has signed a multi-country partner agreement with Kuwaiti outfit Zain. The agreement will see Zain offering Vodafone services and using the Vodafone brand across several of its key networks in the Middle East. The two firms have identified Saudi Arabia, Bahrain
Read moreWeekend newspaper round-up: Xstrata, Apple, China
27th Aug 2012 12:40
Qatar Holding is poised to raise its stake in Xstrata to 25 per cent should the miner's planned tie-up with Glencore collapse, giving it a de facto veto over any future merger. Sources close to the bid told The Sunday Telegraph that Qatar Holding has assured Xstrata's chief executive Mick Davis that
Read moreTuesday newspaper round-up: ECB, Rank, Everything Everywhere
21st Aug 2012 06:26
The Daily Telegraph reports today that it can confirm reports in Der Spiegel that European Central Bank (ECB) technicians are examining plans to cap Spanish and Italian bond yields, among other options. This may prove to be the "game changer" that critics around the world have been demanding for two
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
Read moreThursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreVodafone makes wholesale changes at top of CWW
30th Jul 2012 14:22
Vodafone has announced big changes at the top of Cable & Wireless Worldwide (CWW) following its recent takeover of the firm. The Chief Executive of Vodafone Global Enterprise, Nick Jeffery, has been appointed as CEO of CWW, with immediate effect. Jeffery leaves his job as CEO of Vodafone Global En
Read moreLondon pre-open: Small bounce-back expected following sell-off
24th Jul 2012 07:30
City sources reckon that the FTSE 100 will open up by around 24 points today, as equity markets attempt to rebound following Monday's mass sell-off across the globe. The Footsie finished at 5,534 yesterday, its lowest closing level in nearly a month, after surging bond yields in Spain (on the back
Read more