London midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreLondon pre-open: FTSE to inch higher ahead of European data
28th May 2014 07:40
Little change is expected amongst the blue chips this morning, ahead of the release of both German unemployment and Eurozone consumer confidence data, which come amid growing concerns over the stagnant recovery in the euro-area. City sources predict the FTSE 100 will open around three points higher
Read moreWeir drops pursuit of Finnish engineer Metso
28th May 2014 07:07
Engineering group Weir has dropped its pursuit to merge with Metso after continued rejections from the board of the Finnish rival. On May 20th, Weir sweetened its offer under which Metso shareholder would have received 0.95 Weir shares per Metso share, a 13% increase to the 0.84 exchange ratio init
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreWeir and Rolls-Royce sign partnership deal to develop power systems
6th May 2014 15:29
Weir Group and the Rolls-Royce Power Systems company MTU have signed an agreement to develop power systems specifically engineered for hydraulic fracturing. Weir explained the resulting system will be used for hydraulic fracking operations during the well completion stage of shale oil and gas proje
Read moreLondon 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
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