Tag: Glaxo Smith Kline
FTSE 250 gained 0.6% to 11,723.0
by Greg Secker on Mar.07, 2011, under Greg's Blogs
UK Stock Market Report 7th March 2011
UK markets closed mixed on Friday, as gains in insurers and other stocks, benefited from broker upgrades, were offset by losses in miners and travel stocks. Standard Life, up 2.9%, led insurers higher, after Investec Securities raised its price target and earnings estimates on the stock, ahead of its full-year 2010 results. Among other stocks, Serco Group climbed 4.6%, after Bank of America upgraded the stock to “Buy” from “Neutral”, while IMI gained 1.5%, after various brokers took a positive stance on the stock. However, miners, Anglo American, Kazakhmys and Antofagasta, lost between 0.7% and 1.1%, tracking lower base metal prices. Travel and cruise operator stocks, International Consolidated Airlines Group and Carnival, declined 2.9% and 2.7%, respectively, as crude oil prices surged, following renewed unrest in Libya. FTSE 100 dropped 0.2% to 5,990.4. FTSE 250 gained 0.6% to 11,723.0.
BP climbed 3.9%, on speculation that the company might avoid prosecution over the Gulf of Mexico oil spill
by Greg Secker on Sep.30, 2010, under Greg's Blogs
UK Stock Market Report 30th September 2010
FTSE 100 fell 0.2% to 5,569.3. FTSE 250 added 0.1% to 10,562.5.
UK markets closed mixed yesterday, as gains in stocks receiving upgrades from brokers were offset by losses in banks and drug makers. Carnival, Rolls- Royce Group, and Wolseley, gained between 1.8% and 6.4%, after a slew of brokers issued a positive note on these stocks. BP climbed 3.9%, on speculation that the company might avoid prosecution over the Gulf of Mexico oil spill. However, gains were offset by losses in banks, HSBC, Standard Charter and Royal Bank of Scotland, all down between 0.3% and 1.6%, on persisting worries about European sovereign debt crisis, after S&P took a negative stance on nationalised bank Anglo Irish. Investor sentiments were also hurt by a fall in UK mortgage lending. Drug makers, AstraZeneca, Shire and GlaxoSmithkline, dropped between 1.1% and 1.9%, after RBS downgraded the sector heavyweight AstraZeneca, citing current valuation parameters.
Due for release today GFK Consumer Confidence, Nationwide HPI, MPC Member Tucker Speaks, BOE Credit Conditions Survey, MPC Memper Fisher Speaks.
Lenders may grant Liverpool more time
by Greg Secker on Sep.24, 2010, under Greg's Blogs
UK Stock Market report
FTSE 100 dropped 0.1% to 5,547.1. FTSE 250 fell 0.2% to 10,426.0. UK markets closed marginally lower yesterday, with the FTSE 100 index registering losses for the third consecutive session despite its last hour rally, amid renewed concerns over Irish sovereign debt crisis and weakening global economic recovery. Banks, Lloyds Banking Group, Standard Chartered and Barclays, lost between 0.2% and 1.0%, as risk aversion increased among the investors. Drug makers, AstraZeneca, GlaxoSmithkline and Shire, dropped between 0.8% and 1.1%, after Exane BNP Paribas downgraded AstraZeneca and Shire in its sector review. Henderson Group, Man Group and Vodafone Group, also declined between 0.3% and 5.0%, as various brokers took a negative stance on these stocks. However losses were restricted by gains in miners and oil producers, as base metal and oil prices rose.
Liverpool’s bank lenders may be willing to extend their loans to the club but only for a short period to allow time for it to find a buyer, people close to the situation say.
With owners Tom Hicks and George Gillett struggling to put together a refinancing of the club’s £280m debts owed to Royal Bank of Scotland and Wachovia, Christian Purslow, managing director, said on Wednesday that a small number of parties were carrying out due diligence.
Norwich & Peterborough: The building society is expected to receive letters from solicitors acting for 250 customers demanding compensation for investment advice they received in N&P branches.
by Greg Secker on Sep.13, 2010, under Greg's Blogs
UK Stock Market Report 13th September 2010
FTSE 100 advanced 7.5 points or 0.1% to 5,501.6. FTSE 250 added 76.1 points or 0.7% to 10,401.8.
UK markets closed marginally higher on Friday, with the FTSE 100 touching its four-month closing high for the second consecutive day , as tobacco and drugmaker stocks recorded gains. Tobacco stocks, Imperial Tobacco and British American Tobacco, climbed 2.1% and 0.9%, respectively. Drugmakers, Shire, AstraZeneca and Glaxo Smith Kline, added between 0.04% and 1.6%, as investors opted for defensive stocks. However, gains were restricted by losses in miners and oil producers. Banks closed mixed, ahead of release of Basel III rules, which were scheduled to be released on the weekend. ICAP, the world’s biggest interdealer broker, climbed 3.9%, as Evolution initiated coverage on the stock with a ‘Buy’ rating.
No UK Financial News Releases
