Tag: HSBC
FTSE 100 gained 0.3% or 16.1 points to 5,948.3.
by Greg Secker on Mar.31, 2011, under Greg's Blogs
UK Report 31st March 2011
UK markets closed higher yesterday, with the FTSE 100 index rising for the sixth consecutive session, as industrial stocks and some miners recorded gains. Among industrial stocks, Rolls Royce rose 1.7%, after HSBC upgraded the stock to “Overweight”, while IMI and Weir Group advanced 1.9% and 1.2% respectively, as RBC Capital Markets took a positive stance on the sector. Among miners, Vedanta Resources, BHP Billiton and Rio Tinto gained between 1.0% and 3.4%, after Morgan Stanley reiterated its “Overweight” rating on Vedanta Resources. Among other stocks, Centrica rose 2.5%, amid talks that its Spanish peer, Iberdrola, was set to make a bid for the company, while tobacco stocks, British American Tobacco and Imperial Tobacco Group, also paced gains. However, gains were restricted by losses in retailers. FTSE 100 gained 0.3% to 5,948.3. FTSE 250 added 0.3% to 11,676.4.
FTSE 100 gained 0.5% or 27.7 points to 5,932.2.
by Greg Secker on Mar.30, 2011, under Greg's Blogs
UK Report 29th March 2011
UK markets closed mixed yesterday, as losses in banks were offset by gains in miners. Banks, Barclays, Royal Bank of Scotland and HSBC, lost between 0.3% and 1.3%, as Standard & Poor’s downgraded Greece and Portugal’s debt ratings. Banks were also weighed down, after Italy’s UBI Banca announced a €1 billion capital hike to help repay a government bond, reigniting worries over the European debt crisis. BP dropped 2.2%, affected by a report that the company’s managers might face manslaughter charges, following the Gulf of Mexico oil spill. However, miners, Vedanta Resources, Rio Tinto and Kazakhmys, climbed between 0.1% and 2.9%, on the back of firm base metal prices. Wolseley gained 2.1%, after the company reported a 64% rise in its half-year earnings and reinstated its dividend. FTSE 100 gained 0.5% or 27.7 points to 5,932.2. FTSE 250 fell marginally to close at 11,636.4.
FTSE 100 gained 0.4% or 22.0 points to 5,718.1
by Greg Secker on Mar.21, 2011, under Greg's Blogs
UK Report 21st March 2011
UK markets closed higher on Friday, as intervention by G7 countries to stabilise the yen, and reports that Libya called a cease-fire, boosted market sentiments. Utility stocks, National Grid, Scottish & Southern Energy and Centrica, climbed between 3.2% and 4.4%, after UK power regulator Ofgem announced a new framework of price controls and incentives for gas and electricity distribution. Travel stocks, TUI Travel and International Consolidated Airlines, gained 3.4% and 0.3%, respectively, as crude oil prices eased. Miners, Anglo American, Kazakhmys and Vedanta Resources, added between 0.1% and 1.5%, on the back of steady base metal prices, while precious metal miners, Fresnillo, African Barrick Gold and Lonmin, advanced between 0.1% and 1.6%, as silver, gold and platinum prices rose. FTSE 100 gained 0.4% to 5,718.1. FTSE 250 added 1.0% to 11,345.8.
FTSE 100 sank 1.7% or 97.1 points to 5,598.2.
by Greg Secker on Mar.18, 2011, under Greg's Blogs
UK Report 17th March 2011
UK markets closed lower yesterday, with the FTSE 100 index declining for the sixth consecutive session, led by a selloff in banks, insurers and miners, as the nuclear crisis in Japan intensified. Banks, HSBC, Barclays and Lloyds Banking Group, lost between 1.5% and 3.6%, as risk appetite decreased among investors. The sector was also weighed down by a downgrade of Portugal’s credit rating by Moody’s Investors Service. Insurers, Standard Life, Prudential and Legal & General Group, paced declines, in line with the broader market. Miners, Anglo American, Xstrata and Kazakhmys, declined between 0.9% and 2.5%, despite a rise in base metal prices. Airline stocks, International Consolidated Airlines and EasyJet, dropped 3.5% and 1.5%, respectively, on the back of higher oil prices and rising concerns about the nuclear crisis in Japan. FTSE 100 sank 1.7% or 97.1 points to 5,598.2. FTSE 250 fell 1.1% or 118.1 points to 11,033.1.
FTSE 100 dropped 1.4% or 80.0 points to 5,695.3.
by Greg Secker on Mar.16, 2011, under Greg's Blogs
UK Report 16th March
UK markets closed lower yesterday, with the FTSE 100 index falling to its lowest closing level in fifteen weeks, as rising fears over nuclear crisis in Japan, following a third explosion at the Fukushima reactor, sparked a broad sell-off in the market. Miners, ENRC, Antofagasta and Xstrata, dropped between 0.3% and 3.5%, in line with the fall in base metal prices. Oil producers, Essar Energy, Petrofac and BG Group, declined between 0.3% and 3.6%, as crude oil prices fell. Banks, Standard Chartered, HSBC and Lloyds Banking Group, fell between 0.4% and 1.6%, as risk aversion increased among investors. Travel stocks, International Consolidated Airlines Group and TUI Travel, lost 4.0% and 1.7% respectively, amid worries that earthquake in the Asia Pacific region and civil unrest in Africa and the Middle East region would crimp their revenues. FTSE 100 dropped 1.4% or 80.0 points to 5,695.3. FTSE 250 fell 1.8% or 198.4 points to 11,151.2.
