Editor's Picks
Broker snap: Nomura lifts target for StanChart
Thursday 21 Feb 2013
Nomura has raised its target price for emerging markets lender Standard Chartered from 1,800p to 2,050p and reiterated its 'buy' rating, saying that the stock's year-to-date outperformance could continue.
Oil absent at Tullow Oil's Uganda exploration well
Thursday 21 Feb 2013
Mining company Tullow Oil has undertaken exploration at a well in Uganada and admitted that no hydrocarbons were found present.
BSkyB extends Disney relationship with new movie channel
Thursday 21 Feb 2013
Pay-TV and broadband group British Sky Broadcasting (BSkyB) is looking to take advantage of the school holidays at Easter with the launch of its new Sky Movies Disney channel next month.
Fate of Bumi rests on replacing board, says Rothschild
Thursday 21 Feb 2013
Bumi plc co-founder Nathaniel Rothschild said the fate of the troubled coal miner rests on ousting managers, ahead of a highly anticipated shareholder meeting Thursday.
London close: Stocks gain as BoE divided on QE
Wednesday 20 Feb 2013
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE).
Broker snap: RSA a 'sell' after surprise divi cut, says Investec
Wednesday 20 Feb 2013
Investec has kept its 'sell' rating and 101p target price for insurance giant RSA after the company surprised the market with a dividend cut on Wednesday morning.
Broker snap: Goldman removes Barclays from 'buy' list
Wednesday 20 Feb 2013
After a strong performance over the last few months, Barclays has now been removed from Goldman Sachs' Pan-European 'buy' list and is now rated 'neutral' by the US investment banks.
BOE surprise: vote split 6-3 on more bond purchases -UPDATE
Wednesday 20 Feb 2013
Pound Sterling took a dive after the minutes of the last meeting of the Bank of England's (BOE) Monetary Policy Committee's (MPC) showed that the central bank was a fair bit more dovish than had been thought.
Weir expands presence in mining industries
Wednesday 20 Feb 2013
Industrial engineering group Weir said on Wednesday that it has strengthened its presence in the fast-growing mining markets with three acquisitions worth a combined 55m pounds.
BHP Billiton announces new CEO as half-year profits fall
Wednesday 20 Feb 2013
BHP Billiton Chief Executive Marius Kloppers has stepped down as the company reported a 58 per cent fall in half-year profits due to weak commodity prices and a strong Australian dollar.
UK unemployment dropped again in January
Tuesday 19 Feb 2013
The UK’s claimant count dropped by 12,500 in January, reaching a level of 1.5409m, according to the latest data available from the Office for National Statistics (ONS).
London close: Footsie gains one per cent on German ZEW, M&A activity
Tuesday 19 Feb 2013
The FTSE 100 jumped one per cent on Tuesday after a better-than-expected reading of German confidence and increased M&A activity in the US.
Wednesday tips round-up: IHG, Pendragon, Brammer
Tuesday 19 Feb 2013
Since the company decided to sell its estate of hotels to concentrate on managing them InterContinental Hotels Group (IHG) has returned 9 billion dollars to shareholders. The idea was that a hotels manager did not actually need to own the property. The above numbers suggest that was right. But the well is about to run dry. IHG has two more properties going through the sale process, on London’s
Broker snap: Investec upgrades Ladbrokes on 'promising' outlook
Tuesday 19 Feb 2013
High Street betting shop Ladbrokes was performing well on Tuesday morning, with shares given a boost by Investec which raised its rating for the stock from 'hold' to 'buy'.
German economic sentiment soars in February
Tuesday 19 Feb 2013
The ZEW Institute’s indicator of economic sentiment for Germany increased by 16.7 points in February 2013 to stands at a level of 48.2 points, increasing for a third month in a row.
Travis Perkins tentatively eyes market pick-up
Tuesday 19 Feb 2013
Building materials group Travis Perkins boosted annual revenue and profit, despite continued headwinds in construction markets, and underlined its confidence in future trading by lifting its dividend payment by a quarter.
InterContinental Hotels lifts annual profit
Tuesday 19 Feb 2013
InterContinental Hotels said revenue per available room (RevPAR) slipped during its financial year but strong growth in the US and cost cuts helped produce a double-digit increase in profits.
London close: Central banks and political risk in focus
Friday 15 Feb 2013
London equities finished slightly lower on Monday despite Wall Street having remained closed in observance of Presidents’ Day, which usually leads to a positive bias in stocks.
London midday: Markets flat but Anglo American gains after results
Friday 15 Feb 2013
Stocks were trading within a narrow range on Friday morning ahead of the G20 meeting in Moscow and the release of key economic indicators in the States this afternoon.
US close: S&P hits five-year high as stocks make decent gains
Friday 15 Feb 2013
US stocks made decent gains on Tuesday, pushing the S&P 500 to a five-year high, as confidence strengthened on hopes of further mergers and acquisitions.
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