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REXThu, 15th Nov 2012 08:50
US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September. The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last
Read moreRexam, the FTSE 100 consumer packaging giant, said that trading in the third quarter was 'broadly in line with expectations' despite weakness in its Healthcare division. The company, which manufactures 57bn drinks cans each year as well as injection-moulded products for the healthcare and household
Read moreRexam, the global consumer packaging company, has authorised the issue of 750m dollars-worth of senior notes in the US private placement market, ahead of the one billion pounds-worth of bonds maturing in the first half of 2013. These newly issued notes comprise $545m notes due on December 18th 2022
Read moreAshtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreSeymour Pierce has turned less positive on Compass Group, despite the contract caterer's fourth quarter numbers coming in ahead of expectations. According to the broker's calculations, the company's £0.5bn budget to buy back shares should be blown by the end of the year, at which point the question
Read moreIf relative strength is one of your key investment metrics then packaging giant Rexam might be a stock for you, reckons merchant bank Beaufort International. Kenneth Pio D'Mello, a senior analyst at the bank, said Rexam has been added to the Beaufort top relative strength buy list. The chart-gazer
Read moreAstraZeneca: JPMorgan Cazenove downgrades to underweight, target lifted from 2,800p to 2,970p. Balfour Beatty: JPMorgan Cazenove downgrades to neutral. Barclays: Citigroup reiterates buy and 330p target price. ENRC: Credit Suisse downgrades to neutral, target cut from 500p to 450p. FirstGroup: J
Read moreAfter an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
Read more- ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast The Footsie remained firmly in the red on Wednesday morning as optimism earlier this week about the situation in Europe began to fade, particularly as Greece's credit rating outlook was lowered by Standard
Read more- S and P cuts Greek outlook to 'negative' - Markets await BoE inflation report - StanChart rebounds after yesterday's sell-off UK stocks slipped in the opening hour on Wednesday, with the Footsie pulling back after a four-month high, after Greece's long-term sovereign rating outlook was cut by Sta
Read moreFootsie ended the morning close to its highest level of the day, despite UK manufacturing data giving investors pause for thought earlier on. UK manufacturing production fell at its fastest pace in over two years in July, recording substantial declines in output and new orders. Markit's Purchasi
Read moreLondon has got off to a quiet start, with investors adopting a wait-and-see attitude ahead of today's completion of the meeting of the US Federal Reserve's policy making committee. "It seems hope and sentiment for further stimulus from the US Fed Chairman and the ECB [European Central Bank] Preside
Read moreGlobal consumer packing company Rexam posted a three per cent like-for-like rise in sales during the first half of the year, pushed higher by a six per cent increase in the total number of beverage cans volumes. Revenue for the year came in at £2,165m, compared to £2,095m the same half the previou
Read moreCity sources predict the FTSE 100 will open down two points from yesterday's close of 5,635, edging slightly lower over concerns relating to recent reports which revealed a slowdown of manufacturing in Asia. Investors are also likely to exercise caution ahead of economic announcements out today, w
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