London 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
Read moreFriday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
Read moreFriday newspaper round-up: Top rate of tax, SSE, RBS
4th Apr 2014 07:31
George Osborne is facing demands to cut the top rate of tax again to 40p after figures suggested the wealthy had paid more tax since he cut the 50p rate. The amount raised from top-rate taxpayers is expected to increase by 9bn pounds in 2013-14, the year for which it was reduced to 45p by the Chance
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreFTSE 100 movers: Aberdeen, Sports Direct and Babcock rise strongly
1st Apr 2014 13:46
The share price of Aberdeen surged on Tuesday after the asset manager said that net outflows were just 0.2bn pounds in March, compared with 3.9bn pounds over the first two months of the year. The company also said that "significant additional cost savings" have been identified and are being implemen
Read moreBroker tips: Weir, Lloyds, SABMiller, Babcock
1st Apr 2014 12:52
Canaccord Genuity has retained its 'buy' recommendation for engineer Weir Group on the back of a possible merger with Finnish peer Metso, saying that "this deal has the potential to be very exciting". "Our first thoughts are on a strategic basis, a deal would make considerable sense with scope for
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