London close: Lloyds leads positive finish for FTSE
1st May 2014 16:59
- FTSE closes up 28.84 points at 6,808.87 - Lloyds leads after strong quarterly performance - UK manufacturing PMI rises to five-month high techMARK 2,788.41 +0.28% FTSE 100 6,808.87 +0.43% FTSE 250 15,850.34 +0.21% London-listed stocks closed today's session on a positive note, with gains being l
Read moreFTSE 100 movers: Lloyds takes top spot after strong Q1, TSB float
1st May 2014 14:32
Domestic lender Lloyds rose into the top spot after saying that underlying profits rose by over a fifth in the first quarter and it continues to expect to apply to regulators in the second half to restart dividend payments. That came as it announced TSB bank is due to float in London before the end
Read moreBroker tips: Lloyds, Weir, BSkyB...
1st May 2014 13:00
Most of Lloyds' key financial metrics continued to 'appreciate measurably' in the first quarter, according to Hargreaves Lansdown Stockbrokers. "Lloyds is often seen as a proxy for the UK economy, and although they are inextricably linked, both are beginning to prosper after a long period of auster
Read moreLondon midday: Lloyds leads UK markets to two-month high
1st May 2014 11:34
- Lloyds, BSkyB, BG Group and Schroders gain - UK manufacturing activity at five-month high - Fed sticks with taper despite weak Q1 growth techMARK 2,774.45 -0.22% FTSE 100 6,797.46 +0.26% FTSE 250 15,812.19 -0.03% Well-received updates from Lloyds, BSkyB, BG Group and Schroders and upbeat UK manu
Read moreNumis downgrades Weir after recent re-rating
1st May 2014 10:39
Numis Securities has downgraded its rating for Weir Group from 'add' to 'hold' despite the company's in-line first-quarter trading update on Thursday, saying that it sees little upside after the stock's recent strong run. The broker said that the stock now trades at 18.1 times estimated earnings fo
Read moreLondon open: FTSE 100 above 6,800 as Fed continues to taper
1st May 2014 08:39
- Markets at highest since March 4th - Fed sticks with taper - Plenty of economic data due out - BSkyB, Lloyds, BG Group and Schroders gain techMARK 2,785.17 +0.17% FTSE 100 6,805.94 +0.38% FTSE 250 15,928.81 +0.71% The FTSE 100 surpassed the 6,800 mark in early trading on Thursday, a level not se
Read moreLondon pre-open: Modest rise expected following FOMC statement
1st May 2014 07:40
The City is set to edge higher early on, tracking gains in the US last night which came after the much anticipated statement from the Federal Reserve, which held steady on its policy course with a few breezily positive remarks leading to a positive finish Stateside. Sources predict the FTSE 100 wi
Read moreWeir Q1 boosted by oil and gas demand
1st May 2014 07:13
- First quarter trading in line with expectations - Strong order intake at oil and gas division - Sticking to full-year guidance Scottish engineering group Weir said trading in the last four months has been in line with expectations, helped by a strong performance in the oil and gas and power and i
Read moreThursday preview: BSkyB and Weir set to release figures
30th Apr 2014 15:55
Thursday will see another raft of corporates updating investors on their most recent performance, including heavyweights such as Lloyds and also Rolls Royce, Schroders, Weir Group and BG. Oil services outfit Weir will provide its first quarter IMS which is expected to show robust trading which buil
Read moreFTSE 100 movers: Barratt Developments in top spot, Shell close behind
30th Apr 2014 14:40
Housebuilder Barratt Developments clawed back yesterday's losses, claiming its place in the top spot. Oil major Royal Dutch Shell rose strongly as first-quarter underlying earnings fell by 3% but beat expectations. Bottom-line earnings, however, were hit by £2.9bn of impairments in its Downstream
Read moreLondon midday: Stocks rise but markets cautious ahead of Fed decision
30th Apr 2014 11:53
- Markets cautious ahead of FOMC outcome - Eurozone inflation picks up but misses consensus - Heritage Oil jumps on takeover offer - Shell and Tullow lead markets higher techMARK 2,775.59 -0.56% FTSE 100 6,776.83 +0.10% FTSE 250 15,813.39 -0.52% UK stocks were trading slightly higher on Wednesday
Read moreLondon open: Stocks pause at eight-week high ahead of FOMC
30th Apr 2014 09:20
- Stocks pause at highest since March 6th - FOMC meeting, economic data in focus today - Heritage Oil receives takeover offer - Shell, Tullow and Next rise after updates techMARK 2,781.52 -0.35% FTSE 100 6,774.00 +0.06% FTSE 250 15,872.51 -0.15% UK stocks opened broadly flat on Wednesday morning a
Read moreLondon midday: Sports Direct, Burberry and Tesco lead markets higher
16th Apr 2014 11:30
- Sports Direct gains as momentum stocks recovery - Tesco, Burberry and Persimmon impress with results - UK unemployment declines, China data mixed - Ukraine crisis escalates techMARK 2,642.64 +0.45% FTSE 100 6,562.09 +0.31% FTSE 250 15,694.83 +0.67% A recovery by so-called 'momentum' stocks and a
Read moreMetso rejects Weir merger proposal
16th Apr 2014 09:42
A merger proposed by engineer Weir Group has been rejected by the board of Finnish natural resources and construction services group Metso. The company, which had proposed merging with Metso to give the latter's shareholders a 37% stake, said it believed its "attractive" offer was based on a "comp
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
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