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21 Feb 2013 16:40

London close: Stocks tank after Fed wavers on QE

Hawkish comments from the Federal Reserve weighed heavily on markets on Thursday with cyclical stocks bearing the brunt of the sell-off as traders looked to book some profits after a strong run in recent months. The FTSE 100 was boosted on Wednesday to highs not seen since January 2008 after minute

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21 Feb 2013 11:49

London midday: Stocks plummet after Fed minutes, Eurozone PMI

The FTSE 100 was registering triple-digit losses by Thursday lunchtime as uncertainty at the US Federal Reserve dampened risk appetite and spooked markets into a sell-off. London's benchmark index rose to highs not seen since January 2008 yesterday after minutes from this month's Bank of England Mo

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21 Feb 2013 08:23

London open: Stocks pull back after Fed questions QE

After hitting highs not seen since January 2008 yesterday, the FTSE 100 pulled back on Thursday morning as minutes from the latest Federal Reserve meeting showed that some policy-makers have begun to question current quantitative easing (QE) measures in the States. Stocks were boosted on Wednesday

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21 Feb 2013 08:02

Thursday broker round-up UPDATE

Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva

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21 Feb 2013 07:35

UPDATE 1-Go-Ahead profit hit by rail weakness

LONDON, Feb 21 (Reuters) - British transport group Go-Ahead posted an 1.8 percent fall in first-half profit, hit by operational problems at parts of its rail business. The bus and rail operator on Thursday reported a pretax profit of 43.2 million pounds ($66.1 million) for the six months t

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21 Feb 2013 07:22

Go-Ahead expects 'challenging' second half for rail unit

Revenue rose 8.1 per cent to 1,296.6m pounds in the six months ended December 29th compared to the same period in 2012 at FTSE 250-listed bus and train operator Go-Ahead, with both the Bus and Rail divisions showing growth. However, pre-tax profit contracted 1.8% to £43.2m over the corresponding ti

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4 Feb 2013 16:32

London close: Footsie drops 100 points on political uncertainty in Europe

Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month

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4 Feb 2013 11:30

London midday: Stocks fall on profit-taking after recent surge

UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th

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4 Feb 2013 07:17

Monday broker round-up UPDATE

Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces

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21 Jan 2013 07:02

Monday broker round-up UPDATE

Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ

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10 Jan 2013 11:37

STOCKS NEWS EUROPE-Pension rules to hit Air France, Fiat -JPM

New rules on pension accounting could prompt significant earnings downgrades at Air France-KLM, Fiat, FirstGroup, Go-Ahead , Mothercare and Stagecoach, reckons JP Morgan. From the start of this year, under IAS 19 rules, companies have to reflect pension losses on their balance sheets and base their

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20 Dec 2012 16:52

London close: Stocks finish flat on US budget uncertainty

The FTSE 100 index finished broadly flat on Thursday afternoon, taking a pause of two days of decent gains, with the focus remaining on the US 'fiscal cliff' ahead of the Christmas holiday. Even a positive surprise in US gross domestic product (GDP) failed to give markets a boost. The American econ

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20 Dec 2012 16:10

FTSE 250 movers: Vesuvius gains after de-merger

Vesuvius, the de-merged Engineered Ceramics division of former FTSE 250 group Cookson, surged on Thursday, on day after its split from the chemicals division (now called Alent) became effective. In a research report yesterday, Investec gave the stock a 'hold' rating but expressed optimism regarding

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20 Dec 2012 11:54

London midday: Stocks pause on 'fiscal cliff' concerns

UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas. Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high. Stocks finished sligh

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20 Dec 2012 08:33

London open: Stocks flat on 'fiscal cliff' uncertainty

The FTSE 100 was trading little changed on Thursday morning, taking a pause after coming close to its 52-week high the day before, with US 'fiscal cliff' concerns acting as a drag on sentiment. "In scenes reminiscent of the debt ceiling debacle of 2011 US markets slid back last night as the impasse

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