Monday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLondon close: Stocks gain as US economic data impresses
28th Feb 2013 16:23
An upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe. Concerns about a recession in the States proved premature, as the initial estimate of a 0.1% contraction in U
Read moreFTSE 100 movers: Kazakhmys in red on plans to slash divi
28th Feb 2013 15:21
Copper giant Kazakhmys was the worst performer of the day after saying that it would be slashing its dividend for 2012 to reflect falling profits. The company also said that its CFO would step down in May, when its Chairman is also due to retire. UK lender RBS slumped in morning trade despite core
Read moreLondon close: Markets volatile after mixed news on Italian election
25th Feb 2013 17:11
The FTSE 100 saw a volatile end to the trading session on Monday as a number of conflicting news reports emerged from the Italian exit polls. Milan's FTSE MIB index gained as much as 4.0% earlier in the day after it was rumoured that centre-left Pier Luigi Bersani could win a majority in both the l
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreAmplats: 3.9K ounces of platinum lost following workers' strike
20th Feb 2013 13:49
Anglo American Platinum, the subsidiary of FTSE 100-listed metal mining company Anglo American, has reported that 3,886 ounces of platinum production was lost as a result of a work stoppage. The company said that its workers had resumed work following an "illegal work stoppage" that was catalysed b
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreSector Movers: Miners drag on FTSE
18th Feb 2013 16:09
Industrial Metals & Mining proved to be the worst performing sector on Monday, dragged lower by weaker metal prices. Gold futures dropped 1.59% to $1,609.50 per troy ounce on Monday afternoon, dragging the likes of Fresnillo lower. Platinum lost 1.94%, while silver dropped 1.66%. By Monday afte
Read moreWorkers 'shot' as violence returns to Amplats mine in South Aftica
18th Feb 2013 15:05
A number of workers have been shot at an Amplats mine in South Africa, following a confrontation between rival unions and security guards, reports claim. According to ENCA television, one worker was killed at the Siphumelele shaft, while another four have died in other parts of the mine. A spoke
Read moreBroker tips: Amec, RSA, Anglo American
18th Feb 2013 12:43
Canadian brokerage firm Canaccord Genuity is forecasting 'weak growth' for AMEC, the FTSE 100-listed engineering consultancy firm which published its full year results last Thursday. For that reason it downgraded its profit forecasts for 2013 by 4% and by 2.5% for 2014 following the company's resul
Read moreBroker snap: Anglo American needs shake-up, says Credit Suisse
18th Feb 2013 11:06
Analysts at Credit Suisse said Monday they expect Anglo American's net debt to climb, providing limited options for growth for incoming Chief Executive Officer Mark Cutifani. The broker explained that the group's levels of capital expenditure (capex) are still increasing and are now greater followi
Read moreMonday broker round-up UPDATE
18th Feb 2013 08:09
AMEC: Deutsche Bank cuts target price from 1350p to 1250p and stays with its buy recommendation. HSBC lowers target price from 1225p to 1200p keeping an overweight rating. Anglo American: Deutsche Bank moves target price from 2260p to 2290p and maintains a buy recommendation. HSBC upgrades to overw
Read moreLondon close: Stocks flat as caution sets in ahead of G20 statement
15th Feb 2013 16:43
Better-than-expected economic data from the States helped the Footsie erase its earlier losses on Friday afternoon, though the mood on markets was still cautious ahead of an announcement from the Group of 20 meeting in Moscow. Market analyst Craig Erlam from Alpari said that "traders opt[ed] to wai
Read moreFTSE 100 movers: ITV given boost by Nomura
15th Feb 2013 15:41
ITV shares soared after Nomura raised its target price on the stock to 130p from 125p before. WPP Group also got a boost after Morgan Stanley increased its target price from 912p to 1090p and retained an equal-weight rating. Mining giant Anglo American was a high riser this morning despite record
Read moreLondon midday: Markets plateaux but Anglo American gains after results
15th Feb 2013 11:45
Stocks were trading within a narrow range on Friday morning ahead of the G20 meeting in Moscow and the release of key economic indicators in the States this afternoon. Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for
Read more