London midday: FTSE 100 snaps eight-day winning streak as miners fall
14th May 2013 11:50
Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. "The broader market malaise is
Read moreLondon close: Stocks end week on a high
10th May 2013 16:42
Market Movers techMARK 2,488.54 +1.63% FTSE 100 6,624.98 +0.49% FTSE 250 14,315.66 +0.24% UK shares climbed made decent gains on Friday, finishing the week 104 points higher. The rise was driven in part by an increase in risk appetite, which seemed to take its cue from the sharp move lower in the
Read moreSector movers: Anglo American leads miners lower
10th May 2013 15:30
Anglo American shares took a hit after its Amplats subsidiary announced plans to axe 6,000 jobs in an effort to reduce costs and improve efficiencies. The move comes as part of a number of proposals aimed at restoring profitability to the mining company. Proposals include revising its baseline pro
Read moreFTSE 100 movers: BT Group charges into the top spot on strong results
10th May 2013 15:29
Shares in BT Group soared on Friday after posting very strong results which saw annual pre-tax profit rise 11 per cent. Adding to the gains was the previous day's news that it will soon offer its sports channels free to any BT broadband customer. Shares in Shire also leapt after it announced Thursd
Read moreAnglo American Platinum to cut 6,000 jobs
10th May 2013 11:36
Anglo American Platinum is set to axe 6,000 jobs in an effort to reduce costs and improve efficiencies. The move comes as part of a number of proposals aimed at restoring profitability to the mining company. Proposals include revising its baseline production to 2.2m from 2.4m ounces per annum in
Read moreLondon midday: All eyes on Bernanke and G7
10th May 2013 11:32
UK equities are now registering moderate gains and near their best levels of the day, buoyed by another rise in risk appetite which seemed to take its cue from the sharp move lower in the Japanese Yen overnight. Some investors attributed that move in foreign exchange markets to cautious comments ou
Read moreLondon close: Stocks fall as markets await Fed, ECB
30th Apr 2013 16:46
A disappointing reading of business activity in the States sparked a late sell-off on UK financial markets on Tuesday afternoon as traders turned nervous ahead some key risk events later this week. The Chicago purchasing managers' index (PMI), one of the leading economic indicators in the US, dropp
Read moreFTSE 100 movers: Lloyds rises after Q1 results impress
30th Apr 2013 15:31
Markets gave a positive reaction to first-quarter results from banking giant Lloyds, with the stock rising sharply after profits came in slightly ahead of consensus estimates and the company reduced its full-year cost guidance. Sector peer RBS was also in demand ahead of its interim management sta
Read moreSector movers: Platinum producers lead miners lower
30th Apr 2013 15:06
Mining stocks were under the weather on Tuesday as risk appetite was scaled back ahead of policy decisions from central banks later this week. Markets on the whole were on the cautious side today as investors awaited the outcomes of the Federal Reserve and European Central Bank (ECB) meetings this
Read moreAnglo American Platinum delays conclusion of safety talks
30th Apr 2013 12:04
Anglo American Platinum (Amplats) has agreed with the Department of Mineral Resources to extend their consultation process by 30 days to allow them more time to reach a conclusion. The subsidiary of Anglo American said it now expects to announce the outcome of the discussions during the week begin
Read moreTuesday broker round-up UPDATE
30th Apr 2013 08:20
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou
Read moreLondon close: Aberdeen leads markets to strong finish
29th Apr 2013 16:58
A combination of political developments in the Eurozone, positive US data and optimism about central-bank stimulus lifted markets higher on Monday as stocks extended gains following a strong showing last week. Markets across Europe started today's session strongly after Italy formed a new coalition
Read moreBroker tips: Miners, BT, Greggs
29th Apr 2013 11:17
Nomura has kept its cautious view on the European mining sector but has highlighted BHP Billiton and Rio Tinto as its top picks and upgraded its rating for ENRC and Anglo American from 'reduce' to 'neutral'. Nomura reckons that BHP Billiton, rated 'buy' at a price target of 2,400p, has a high-quali
Read moreBroker snap: Nomura cautious on miners, but BHP and RIo named top picks
29th Apr 2013 09:22
Nomura has kept its cautious view on the European mining sector but has highlighted BHP Billiton and Rio Tinto as its top picks and upgraded its rating for ENRC and Anglo American. "We have been neutral//defensive on the sector for some time now, and despite recent falls in the space, our thoughts
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
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