Broker tips: Royal Mail, South32, Vedanta, Soco, Housebuilders
26th May 2015 11:24
After a mixed bag of results from Royal Mail last week, Cantor Fizgerald has upgraded the shares to 'hold' from its previous 'sell' recommendation. Encouraged by the group's healthy uplift in operating margin, Cantor's analyst Robin Byde lifted his target price on the shares to 550p from 440p, sayin
Read moreDeutsche Bank hails top-ranking dividend yields of UK housebuilders
26th May 2015 10:04
Deutsche Bank has named Taylor Wimpey, Barratt Developments and Bovis Homes as its top picks in the UK housebuilding sector, highlighting the attractive dividend yields across the industry. In its review of the sector, the bank hiked target prices for a host of stocks, including Taylor Wimpey, Barra
Read moreLondon close: Stocks rise but weak US data dampens gains
13th May 2015 16:34
UK stocks rose on Wednesday but upside was only modest after data showed that American retail sales growth slowed to a standstill last month. The FTSE 100 finished 0.23% higher at 6,949.63, but settled firmly below the intraday high of 6,989.91. Shares extended gains in morning trade after the Bank
Read moreFTSE 100 movers: Mondi surges on strong profits, Admiral hit by CEO resignation
13th May 2015 13:15
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property stocks extended gains, while miners and supermarkets dipped. As of 02:10, the FTSE 100 was trading 9 points, or 0.28% higher at 6,954, with Mondi toppin
Read moreSector movers: Oilfield services, mining and housebuilers lead market higher
13th May 2015 12:46
Oilfield services, mining and housebuilding stocks took the London market back into the green on Wednesday. At 15:18 BST, the FTSE 100 was trading at 6,966.21 up 0.47% or 32.41 points with housebuilders edging the blue chip index higher as they continued to benefit from buoyancy in the wider propert
Read moreLondon open: Stocks rise ahead of BoE inflation report
13th May 2015 08:20
London stocks rebounded slightly on Wednesday after a steep decline the previous session, as investors geared up for the Bank of England's Quarterly Inflation Report. The FTSE 100 was trading 0.53% higher at 6,970.37 early on, with results from blue chips Mondi, Barratt Developments and SABMiller im
Read moreBarratt Developments hoists sales and profit expectations after strong third quarter
13th May 2015 07:11
Thanks to strong consumer demand for new build houses and expectations of a supportive government policy post-election, housebuilder Barratt Developments has raised its expectations for housing completions and profits for the full year. Helped also by a more supportive mortgage market and the Help t
Read moreFTSE 100 movers: Royal Mail surges on Whistl funding crisis
11th May 2015 13:32
Royal Mail topped the risers after rival postal firm Whistl revealed it has halted deliveries because private equity backer LDC had pulled out of funding to help expansion efforts. Whistl said it was reviewing the viability of its London, Manchester and Liverpool due to challenging market conditions
Read moreLondon midday: Miners rise on Chinese easing, but Greek concerns limit gains
11th May 2015 12:13
UK stocks rose on Monday with miners leading the way following a rate cut in China, though upside was limited on the back of continuing concerns about Greece. After a 2.3% surge on Friday following the Conservative election victory, the FTSE 100 was up a further 0.16% at 7,058.01 by midday, though i
Read moreLondon open: Miners lead stocks higher after China rate cut
11th May 2015 09:14
UK stocks extended gains on Monday with the Footsie once again nearing record highs, as mining stocks reacted positively to another rate cut in China. After surging 2.3% on Friday in the aftermath of the Conservative's election victory, the FTSE 100 was up a further 0.37% on Monday morning at 7,073.
Read moreFTSE 100 movers: energy, property and banks towering after Tory triumph
8th May 2015 13:26
British Gas owner Centrica topped the risers after Labour's defeat eliminated the possibility of an energy price freeze and tighter regulation, with SSE also making making substantial gains. Broker SocGen highlighted the opportinuty, noting utilities have underperformed the UK market by 9% and the E
Read moreLondon midday: Stocks power ahead as market cheers surprise Tory election win
8th May 2015 11:23
London stocks posted healthy gains on Friday as investors welcomed news that Prime Minister David Cameron's Conservative party is on track for a second term in power. The FTSE 100 was up 1.7% at 7,004.23 by midday, with banks, utility stocks and housebuilders pacing the advance. Lloyds Banking Grou
Read moreFTSE 100 movers: Lloyds surges on strong first quarter profits, property stock lower
1st May 2015 13:10
Lloyds Banking Group topped the risers after delivering a bigger-than-forecast 21% jump in underlying profits in the first quarter, as impairment charges more than halved. The UK lender also lifted its net interest margin guidance for the full year and improved its capital position. Stimulus hopes w
Read moreFTSE 100 movers: HSBC soars on potential high street spin-off, house builders lower
27th Apr 2015 13:27
HSBC surged as reports emerged that it may spin-off its UK high street banking business, ahead of a review of its headquarters' location. Asia-facing bank Standard Chartered, also situated in London, rose on speculation it could follow suit with a move out of the capital. Prudential was making gain
Read moreFTSE 100 movers: Anglo American, utility stocks surge
23rd Apr 2015 13:30
Anglo American, owner of jeweler De Beers, surged on Thursday as the mining giant cut its forecast for annual diamond production in order to avoid overproduction in the weaker diamond market. United Utilities, SSE and Centrica was making gains as investors sought refuge in defensive utility stocks.
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