London open: Banks weigh on the Footsie early on
4th Feb 2013 08:19
The FTSE 100 slipped into the red in early trading on Monday morning as investors took a breather after the impressive rally seen so far in 2013. Since the start of the year, the index has risen a whopping 7.62% and is now trading at levels not seen since mid-2008. "We may see a break in the recen
Read moreLondon pre-open: Stocks expected to pause after recent strong run
4th Feb 2013 07:30
London's benchmark index is expected to open more or less flat on Monday morning, with analysts saying that the impressive rally seen so far in 2013 could be running out of steam. City sources predict the FTSE 100 will open up just a couple of points from Friday's close of 6,347. Since the start of
Read moreAnglo American Platinum swings into the red in 2012
4th Feb 2013 07:19
Diversified mining group Anglo American is to take a loss of 225m dollars at its troubled South African platinum division for 2012, the company announced on Monday morning. Anglo American Platinum, or Amplats, reported a IFRS headline loss of 1,468m South African rand, or $170m, for the 12 months t
Read moreLondon close: Stocks surge as economic data impresses
1st Feb 2013 16:46
The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreFTSE 100 movers: WPP rises on upgrade
30th Jan 2013 15:32
Leading the upside was advertising and media firm WPP after Jefferies upgraded its rating for the stock from hold to buy. The broker said that an analysis WPP's largest clients and their 2013 ad budget 'looks encouraging' and 'with expectations low, we see upside risk'. Meanwhile, heavyweight fina
Read moreVolumes at Johnson Matthey hit by Amplats shake-up
30th Jan 2013 07:31
Speciality chemicals group Johnson Matthey reported that both sales and profits fell in the third quarter, while the outlook for the rest of the year remains mixed. "In a difficult market environment during the quarter, trading across the group was challenging," the firm said in a statement coverin
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 100 movers: Anglo American a strong riser
29th Jan 2013 15:37
Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev
Read moreLondon midday: Markets cautious ahead of US data, earnings
29th Jan 2013 11:45
UK stocks were slightly lower by Tuesday lunchtime with markets pausing for a breather after hitting multi-year highs, as investors awaited economic data and corporate earnings in the US. So far in January, the FTSE 100 has risen nearly 400 points, representing a 6.6% jump. Stocks initially start
Read moreLondon open: Markets helped higher by German sentiment
29th Jan 2013 08:20
Stock markets began Tuesday's session moderately higher with German sentiment data providing some support, as indices attempted to hold on to their recent gains after an impressive start to 2013. So far in January, the FTSE 100 has risen over 400 points, equal to a 6.9% jump. "European financial
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreAnglo hit by 4.0bn-dollar impairment for Brazilian iron-ore project
29th Jan 2013 07:24
Diversified mining group Anglo American said on Tuesday that it will recognise a four billion-dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The review, first announced in November, was taken after the c
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreSector movers: Miners drop, but Polymetal bucks the trend
25th Jan 2013 14:51
Strong gains for FTSE 100 gold producer Polymetal weren't enough to lift the mining sectors into positive territory on Friday afternoon, as the majority of resource stocks bore the brunt of a fall in risk appetite. Most mining heavyweights in London were providing a drag, with EVRAZ, Kazakhmys, ENR
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