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Market Watch: Thorntons hoping for sweeter figures

THE plight of struggling firms Cable & Wireless Worldwide and Thorntons will be in the spotlight this week.

Chocolatier Thorntons will be hoping that new ranges in the run-up to Valentine’s Day lift it out of its trading slump.

Markets: Miners hit as Chinese imports slide

MINERS were among the biggest fallers yesterday on news that imports in China – the world’s biggest consumer of metals – slid to their lowest point for more than two years in January.

City unimpressed by QE and Greece

THE Bank of England’s £50 billion boost to the economy and long-awaited news of progress in Greek debt negotiations failed to lift the Footsie more than a few points yesterday.

British banks up on Citi rallying call

A BULLISH broker note on the sector from Citigroup helped some of Britain’s banking stocks rise yesterday despite lingering worries about Greece.

Cairn maintains rally on positive note

Oil firm Cairn Energy made further gains yesterday after a second positive broker note in two days.

Lloyds ahead on house price update

Lloyds Banking Group bucked a weaker trend in the London market yesterday thanks to encouraging house price data from the Halifax.

Barclays and BP in the spotlight as results are revealed

THE reporting season gathers pace this week when some of the UK’s biggest companies unveil their annual figures, including oil giant BP, banking group Barclays and the country’s largest pharmaceutical firm, GlaxoSmithKline.

Markets: Wide market exposure set to lift Diageo

DRINKS giant Diageo is expected to cheer strong profits growth on Thursday despite continuing pressure on sales of its whisky in troubled southern Europe and damage to margins from pub closures in Britain.

Markets: Aggreko powers to an all-time high

SCOTTISH temporary power supplier Aggreko climbed to an all-time high yesterday as investors bought into a rally among London’s biggest stocks.

The FTSE 100 has hit its highest peak in 6 months. Picture: Getty

US jobs boost gives FTSE a lift

BRITAIN’S benchmark FTSE 100 index powered to its highest level for more than six months last night as strong US jobs and manufacturing figures raised hopes that a double dip recession can be avoided.

Rolls-Royce helps Footsie to take off

Shares in Rolls-Royce made big gains yesterday after Bank of America Merrill Lynch raised its earnings estimates and target price for the engines manufacturer, helping to push the wider market up by almost 2 per cent.

US data takes shine off oil surge

Brent crude jumped as much as $3 per barrel during yesterday’s trading, pushing shares in FTSE heavyweight BP 2.7 per cent higher to 470.8p.

Falling US gas prices hit Weir shares

Shares in Glasgow-based pumps and valves firm Weir Group were lower yesterday after a broker warned it faced some risk from lower natural gas prices in North America.

AstraZeneca’s profits to be hit by drug setback

Drugs group AstraZeneca is tipped to post flat revenues on Thursday after suffering setbacks in its efforts to produce new blockbuster treatments.

Markets: Chevron woes have knock-on effect

WEAK earnings from US peer Chevron pushed Scottish oil stocks lower yesterday, with firms along the supply chain affected.

The FTSE 100 has hit its highest peak in 6 months. Picture: Getty

Markets dip on warning despite surge in growth in US economy

THE world’s biggest economy, the United States, grew at its fastest pace in 18 months in the closing months of last year although warnings of slowing growth ahead sparked falls on world markets.

Polymetals shines on merger rumour

Shares in gold miner Polymetal surged on the London market yesterday on talk that it may merge with Russian rival Polyus.

Banks prove a heavy drag on FTSE

BANKING stocks dragged the FTSE 100 index down yesterday after the UK’s economic output contracted by more than expected in the final quarter of 2011.

Greece bounces back to dent bourses

London’s leading share index retreated from a six-month high yesterday as hopes of a prompt agreement between Greece and its creditors appeared dashed.

Markets: Greeks could be bearing gifts for FTSE

RISING hopes that Greece will avoid default by thrashing out a deal with lenders pushed London’s leading shares index to a six-month high yesterday.

GDP figures set to clarify position of UK economy

The chances of the UK falling back into recession will become clearer this week when gross domestic product (GDP) figures for the final quarter of 2011 are published, while WH Smith and Carphone Warehouse will provide further insight into the retail sector’s Christmas performance.

LONDON, ENGLAND - SEPTEMBER 27: (UK TABLOID NEWSPAPERS OUT) Lee Evans attends The Life Of Lee by Lee Evans book launch at The Groucho Club on September 27, 2011 in London, United Kingdom. (Photo by Dave Hogan/Getty Images)

Market watch: Tale of woe for WH Smith as celebrity biographies flop

WH SMITH and Carphone Warehouse will provide further insight into the retail sector’s Christmas performance this week after figures showed discounting managed to entice cash-strapped customers into shops.

FTSE dips as City awaits Greek talks

FTSE 100 CLOSE 5728.55 -12.60

FTSE sheds concerns to rise again

Banks powered the FTSE 100 higher yesterday with gains of up to 10 per cent on hopes that the sovereign debt crisis in the eurozone was easing.

Bouncing stocks give Footsie a lift

BRITAIN’S top share index nosed ahead yesterday to close above 5,700 for the first time in nearly three months as some heavily battered stocks staged recoveries.

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Markets: FTSE responds to auction stations

A ROUND of successful debt auctions across Europe lifted the London market yesterday in the latest sign that a series of credit rating downgrades have been broadly shrugged off by investors.

Markets: Eurozone worries fail to slow FTSE

THE London market closed ahead yesterday as investors took the loss of France’s gold-plated AAA credit rating and speculation over Greece’s future in the eurozone in their stride.

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Tuesday 14 February 2012

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