London midday: Stocks fall as oil rises on Syria turmoil
28th Aug 2013 11:27
Stock markets were once again hit by concerns over rising tensions between Syria and the West on Wednesday morning, as surging oil prices look to pose a threat to global economic growth. West Texas crude futures were trading at a two-year high of $112.24 a barrel this morning while Brent crude jump
Read moreLondon open: Stocks slip as Syrian turmoil hits risk appetite
28th Aug 2013 08:21
The FTSE 100 dropped firmly into the red on Wednesday morning as escalating tensions between Syria and the West spurred a reduction in risk appetite amongst investors. UN weapons inspectors are expected to return to a site in Damascus near where the suspected chemical weapons attack happened last w
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreLondon close: Disappointing US jobs report sparks late sell-off
2nd Aug 2013 16:27
After a relatively quiet start to the trading session, markets sunk sharply into the red on Friday afternoon after the US economy added far fewer jobs than forecast in July. Non-farm payrolls increased by just 162,000 last month, lower than the downwardly revised 188,000 increase in June and much w
Read moreSector movers: Rexam, Vesuvius lift industrials higher
2nd Aug 2013 15:12
Consumer packaging firm Rexam and molten metal engineering outfit Vesuvius were giving the industrial sector a lift on Friday as investors celebrated the companies' half-year results. Rexam, the FTSE 100 group which makes beverage cans and packaging for healthcare/personal care products, pleased th
Read moreFTSE 250 movers: Vesuvius, Man Group, CSR, Modwen
2nd Aug 2013 12:46
Vesuvius advanced after the maker of ceramic moulds and lining for steelmakers and foundries reported a 39 per cent rise in profit, driven by a stabilisation in demand and the disposal of its low-margin businesses. Hedge fund, Man Group, posted first-half earnings that beat analysts' estimates, des
Read moreLondon midday: Markets flat as nerves set in ahead of US jobs report
2nd Aug 2013 11:55
Markets were rangebound on Friday morning as investors scaled back risk appetite ahead of the all-important US jobs report due out this afternoon. Even a impressive reading of construction activity in the UK failed to give stocks a boost this morning; the UK construction purchasing managers' index
Read moreLondon pre-open: Markets in optimistic mood ahead of US jobs report
2nd Aug 2013 07:31
Markets are expected to open in positive territory on Friday morning as investors show optimism ahead of the all-important US jobs report due out later on. City sources predict the FTSE 100 will open up 24 points from yesterday's close of 6,682. Economic data from the States has continued to impr
Read moreVesuvius hails 'solid' performance in tough markets
2nd Aug 2013 07:12
Molten metal engineering group Vesuvius saw revenues and profits slip year-on-year in the first half due to weak conditions in the global steel and foundry end-markets. Group revenue from continuing operations was down 5.7% in the six months to June 30th to £773m. However, the top line was 6.1% be
Read moreFTSE 250 movers: FirstGroup, Aveva, SDL, Vesuvius
18th Jun 2013 14:28
FirstGroup's shares rebounded from Monday's slump as advisors to the transport operator tried to gain support ahead of the closing of the company's 600m pound rights issue next year. Aveva Group advanced after Citigroup lifted its rating of the British multinational company to 'buy' from 'neutral'
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreLondon pre-open: Stocks to start the week lower after Chinese data
3rd Jun 2013 07:40
Markets are expected to be under pressure on Monday morning after economic figures from China showed that the manufacturing sector contracted at a faster-than-expected rate in may. The final reading of the Chinese manufacturing purchasing managers' index (PMI) was revised lower to 49.2, worse than
Read moreVesuvius exits precious metals processing to focus on core
3rd Jun 2013 07:21
Metal flow engineering group Vesuvius has completed the sale of its Precious Metals Processing Division to a division of German industrial production giant L Possehl & Co mbH, leaving the company able to narrow its focus on its core operations. The disposal, first announced in the spring, was a "i
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