Editor's Picks
Kazakhamys ‘on track’ to meet production targets
Thursday 25 Apr 2013
Kazakhstan-focussed copper producer Kazakhamys is on track to meet its annual production targets, an interim management statement for the quarter ended March 31st has shown.
London midday: Stocks fall as GDP data quashes stimulus hopes
Thursday 25 Apr 2013
Better-than-expected growth figures from the UK underwhelmed stock markets on Thursday morning, tempering hopes that the Bank of England (BoE) would ease policy to boost the economy.
BT Group seeks new mobile phone partner
Thursday 25 Apr 2013
BT Group is seeking a mobile phone partner to boost its services in consumer and business markets.
FX a drag at British American Tobacco
Thursday 25 Apr 2013
Cigarettes and tobacco maker British American Tobacco (BAT) said it has made a 'good start to 2013' after managing to increase revenues in the first quarter despite a slip in volumes.
Barclays pledges higher returns as bonuses are reviewed
Thursday 25 Apr 2013
Banking group Barclays has promised to review pay levels and has agreed to implement all the recommendations made by the Salz Review, including working more closely with regulators.
London close: Stocks higher on ECB rate cut hopes
Wednesday 24 Apr 2013
Stocks managed to end to end the day slightly higher despite weak economic data from Germany, with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. At least three large institutional players have come out in the last 24 hours with research calling for an ECB rate cut. These are UBS, RBS and Deutsche Bank.
Broker tips: Barclays, BP, Standard Life
Wednesday 24 Apr 2013
Canaccord Genuity has kept its 'hold' rating and 280p target price for Barclays, saying that the bank's first-quarter results look 'slightly soft on a first read'.
London midday: Stocks flat as ECB rate cut speculation ramps up
Wednesday 24 Apr 2013
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates.
Broker snap: BP remains top sector pick, says BofA
Wednesday 24 Apr 2013
Bank of America Merrill Lynch (BofA) has maintained its 'buy' rating and 540p target price for BP, saying that the stock remains a top pick amongst European oil majors after a capital markets day from Rosneft delivered a 'confident message'.
Barclays profits fall in first quarter
Wednesday 24 Apr 2013
Barclays unveiled a 25 per cent fall in adjusted pre-tax profit to 1.78bn pounds for the first quarter reflecting the costs of a major restructuring.
ECB to cut rates soon, says RBS
Wednesday 24 Apr 2013
Royal Bank of Scotland (RBS) now sees an increased chance for the European Central Bank (ECB) to cut rates in the next two months due to recent comments by some of its members.
Kier trumps Costain's bid for May Gurney
Wednesday 24 Apr 2013
Construction, services and property firm Kier Group has trumped Costain in its bid for smaller peer May Gurney, scuppering plans to merge the two latter companies together.
Lloyds branch sale falls through as Co-op walks away
Wednesday 24 Apr 2013
Project Verde, the name given to the planned sale of 630 Lloyds branches to the Co-Operative, is to seek a stock market flotation after the latter walked away from the deal.
Wednesday newspaper round-up: Lloyds, ENRC, Apple...
Wednesday 24 Apr 2013
The proposed deal to sell more than 600 Lloyds branches to the Co-op have collapsed after the latter said it could not proceed with the transaction, according to the Financial Times.
London close: FTSE 100 jumps two per cent on stimulus hopes
Tuesday 23 Apr 2013
Markets on the whole shrugged off disappointing data from the Chinese manufacturing sector on Tuesday, as decent corporate earnings and stimulus hopes in Europe pushed the FTSE 100 two per cent higher.
Broker snap: Investec upgrades Spectris after sell-off
Tuesday 23 Apr 2013
Following a sharp fall in the share price of instrumentation and controls company Spectris on Friday after its first-quarter trading update, Investec has upgraded the stock from ‘hold’ to ‘buy’.
BoE's McCafferty is optimistic about UK recovery
Tuesday 23 Apr 2013
The Bank of England (BoE) is right to take a flexible approach to price growth in Britain despite concerns over risks of higher inflation, according to a policymaker.
Broker tips: ARM, AVEVA, Savills
Tuesday 23 Apr 2013
Investec has maintained its 'hold' recommendation and 940p target price for chip designer ARM Holdings but has hailed the company's forecast-beating first-quarter results.
ECB stimulus hopes rise as PMI data disappoints
Tuesday 23 Apr 2013
Economic data on Tuesday showed dark clouds gathering on the Eurozone's horizon as Germany registered a renewed downturn, but the business surveyor indicated that the struggling economy may provide an excuse for the European Central Bank (ECB) to implement more stimulus.
Broker snap: Strong first quarter from ARM but positives priced in, says Investec
Tuesday 23 Apr 2013
Investec has maintained its 'hold' recommendation and 940p target price for chip designer ARM Holdings but has hailed the company's forecast-beating first-quarter results.
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