London close: Markets higher on positive economic data
4th Nov 2013 16:28
- Miners gain after China data - HSBC beats forecasts with Q3 results - Weir, Ryanair issue profit warnings - ECB rate-cut speculation does the rounds techMARK 2,651.30 -0.24% FTSE 100 6,763.62 +0.43% FTSE 250 15,503.06 +0.31% Upbeat economic data from across the globe lifted the UK stock market o
Read moreFTSE 100 movers: Miners lifted by data, RyanAir on the warpath
4th Nov 2013 15:00
Mining stocks were on the rise, buoyed by the upbeat outlook for top metals consumer China. Fresnillo, Antofagasta, Rio Tinto, Anglo American, Vedanta and BHP Billiton were among the best performers. Activity in China's services sector in October expanded at its fastest pace in the last year, reinf
Read moreLondon midday: HSBC, miners lift markets higher
4th Nov 2013 12:00
- HSBC beats forecasts with Q3 results - Weir, Ryanair issue profit warnings - Economic data, ECB rate-cut speculation drive markets techMARK 2,661.91 +0.16% FTSE 100 6,767.20 +0.48% FTSE 250 15,519.66 +0.41% UK markets were performing well on Monday morning, owing to speculation over a possible E
Read moreBroker tips: HSBC, Weir, Ryanair, Utilities
4th Nov 2013 11:47
Nomura has retained its 'buy' rating and 850p target price for global banking group HSBC following Monday's better-than-expected third-quarter figures. 'Clean' underlying revenue came in at $15,571m, ahead of the consensus estimate of $15,335m and Nomura's forecast of $15,145m. Meanwhile, the clean
Read moreBroker snap: Consensus downgrades in order at Weir, says Jefferies
4th Nov 2013 10:56
Jefferies said it expects 2013 and 2014 consensus estimates for Weir to be cut by five to six per cent after the engineering firm's profit warning on Monday, as it retained its cautious view on the stock. Third-quarter trading was "very mixed", according to the broker, with sales and profit below e
Read moreLondon open: Markets gain after HSBC results, China data
4th Nov 2013 09:05
- HSBC impresses with Q3 profits - China services PMI paints improved outlook - Weir, Ryanair surprise with profit warnings techMARK 2,665.03 +0.28% FTSE 100 6,768.87 +0.51% FTSE 250 15,522.69 +0.43% UK markets started the new week on a positive note, helped by some well-received quarterly results
Read moreMonday broker round-up UPDATE
4th Nov 2013 08:07
Aggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce
Read moreLondon pre-open: FTSE to move higher ahead of HSBC Q3 results
4th Nov 2013 07:24
City sources predict the FTSE 100 will open around 18 points higher than Friday's close of 6,735, tracking gains seen in the US at the end of last week and ignoring losses across parts of Asia this morning. The rise comes ahead of HSBC's results later today, which are widely expected to show a 10%
Read moreWeir Group cuts full-year profit guidance
4th Nov 2013 07:08
- Full-year profit guidance cut - Third quarter revenue and profit miss expectations - Net debt lower Engineering company Weir Group has cut its full year profit outlook due to the impact of the recent weakness in the US and Australian dollar. The firm expects profits, based on current estimates
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreLondon open: FTSE 100 near three-month low as supermarkets disappoint
2nd Oct 2013 08:21
UK markets sank sharply on Wednesday morning given the uncertain outlook for the US economy in light of a partial government shutdown as politicians continue to disagree over a budget proposal for next year. Disappointing results from retail bellwethers Tesco and Sainsbury were also weighing on sen
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
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 moreWednesday tips round-up: BP, Weir Group, GKN
31st Jul 2013 06:37
BP's shares dipped on Tuesday after its second-quarter results missed forecasts. But the main problem is that it remains unclear what BP is getting from its new position in Russia after selling its 50 per cent stake in TNK-BP, according to the Financial Times' Lex column. The company sold its holdin
Read moreLondon close: Gains limited ahead of central bank decisions
30th Jul 2013 16:41
Caution ahead of a number of central-bank policy decisions kept gains on equity markets to a minimum on Tuesday, with the FTSE 100 finishing slightly higher as traders digested a barrage of corporate earnings. The outcome of the Federal Open Market Committee meeting will be in focus on Wednesday, t
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