Best of the Brokers for 23 August 2013 August 22, 2013 WOLSELEY UBS upgrades Wolseley’s rating from “neutral” to “buy”, and keeps its target price at 3,500p ahead of the building supplier’s quarterly results. UBS believes the firm’s growth has accelerated in recent months, particularly in the US, and sees a chance of another special dividend. LEGAL & GENERAL Morgan Stanley raises the insurance group’s target price [...]
London Report: Chinese factory data pushes up miners on FTSE August 22, 2013 BRITAIN’S main equity index rose yesterday to recover from stinging losses in the previous session, as robust Chinese economic data lifted major mining stocks to allay worries about tighter US monetary policy. The blue-chip FTSE 100 index closed up by 0.9 per cent, or 56.03 points, at 6,446.87 points, marking its biggest one-day rise in [...]
New York Report: Shares close higher despite Nasdaq outage August 22, 2013 US STOCKS closed higher yesterday in a trading session marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems. All traffic through Nasdaq OMX Group, the second-largest US stock exchange stopped at 12:14pm Eastern Time, the exchange said on its website. Shares in Nasdaq [...]
The Nasdaq is broken August 22, 2013 US stock exchanges halted the trading of all securities on the Nasdaq stock exchange today following reports of a technical issue in the data feed for Nasdaq-listed securities. The exchange announced the halt at 17:15 (British Summer Time). Other exchanges followed suit and notices of halts in individual securites began from 17:18 in alphabetical order [...]
Trading on Nasdaq securities stopped due to technical issues August 22, 2013 US stock exchanges today stopped trading in all securities listed on the Nasdaq due to a technical issue in the data feed providing market data for Nasdaq-listed securities. Nasdaq-listed stocks represent about 28 per cent of all shares traded so far this month, according to BATS Global Markets. Companies listed on the Nasdaq include Apple, [...]
Rebekah Brooks phone hacking trial delayed by seven weeks August 22, 2013 The trial of former News International chief executive Rebekah Brooks has been delayed by seven weeks. Brooks and a number of other defendants – including her husband Charlie, her former secretary Cheryl Carter, and prime minister David Cameron’s former head of communications Andy Coulson – were due to face charges relating to phone hacking in [...]
Israeli forces deny retaliation following missile attack from Lebanon August 22, 2013 The Israel Defence Force (IDF) has denied earlier reports from local media sourcesthat it retaliated with artillery fire towards Lebanon following the launch of rockets from the country into Northern Israel. Earlier today, at least three Katuysha rockets were fired from Lebanon into areas near Kiryat Shemona and the coastal city of Nahariya, with one [...]
US leading economic indicator improves more than expected August 22, 2013 The Conference Board’s leading indicator rose by 0.6 per cent month-on-month in July, beating expectations. This follows no change in June and a 0.3 per cent increase in May. Analysts had expected to see an increase of 0.5 per cent (release). The leading indicator measures future trends of overall economic activity, taking into account employment, [...]
Government statisticians will estimate number of zero hour contracts August 22, 2013 After growing politicial opposition to zero hours contracts, the Office for National Statistics (ONS) has announced that it will now be providing an estimate of the number employed on them. From autumn 2013, one of ONS’s large-scale monthly business surveys will include some questions on zero-hours contracts so as to obtain robust data directly from [...]
US house prices grow again in June August 22, 2013 US house prices rose by more than expected in July, according to official data (release). The Federal Reserve’s housing price index rose by 0.7 per cent in July compared to the month before, following a revised 0.8 per cent increase in the month to June. Analysts had expected to see a bigger slowdown to 0.6 [...]