London midday: Markets flat despite disappointing GDP figures
25th Jan 2013 11:42
The FTSE 100 was broadly unchanged by Friday lunchtime, shrugging off a disappointing reading of UK gross domestic product (GDP) growth, as the index was able to hold on to four-and-a-half-year highs. London's benchmark index surged by over one per cent on Thursday following some better-than-expect
Read moreLondon open: Stocks flat ahead of UK GDP data
25th Jan 2013 08:39
The FTSE 100 opened broadly flat on Friday morning as traders became nervous ahead of a fourth-quarter reading of UK gross domestic product (GDP) growth in the UK. "European markets opened cautiously today as a lack of corporate data due today provided bulls with an excuse to take profits amidst so
Read moreLondon pre-open: Slight drop expected on FTSE
25th Jan 2013 07:35
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,265, following a mixed picture in the US overnight. US markets ended the day very much mixed on Thursday, with the Dow Jones powering ahead in contrast to the NASDAQ, while the S&P 500 was flat, after hitting
Read moreAnglo American output dampened by strikes in Q4
25th Jan 2013 07:11
Strikes held back production of platinum and iron ore at Anglo American in the fourth quarter of 2012, though most other commodity classes delivered 'solid' increases in output. Iron ore output through its Kumba operations in South Africa dropped by 19% year-on-year in the three months to December
Read moreFriday preview: Anglo American reveals fourth-quarter results
24th Jan 2013 15:44
Mining heavyweight Anglo American is expected to reveal a 'disappointing' drop in production when it posts its fourth quarter results Friday. Citigroup analysts forecast "a disappointing 15% drop in copper equivalent volumes year-on-year". It said operations were hit by labour issues, declining g
Read moreFTSE 100 movers: CRH rises as S&P 500 hits record levels
24th Jan 2013 15:23
CRH was a strong riser following a strong start on Wall Street for the Dow and S&P 500, with the latter up at the 1,500 mark for the first time since 2007, following the better-than-expected jobless claims data. Utilities stocks were also providing a lift today after a series of broker upgrades. H
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreAmplats commences talks with South African government
18th Jan 2013 09:04
Mining giant Anglo American Platinum has commenced formal talks with South Africa's Department of Mineral Resources days after the company's share price plunged following an announcement that the company would close several mines affecting more than 10,000 jobs. The group announced that Chief Execu
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreSector movers: Rio weighs on mining sector after CEO exit and charges
17th Jan 2013 15:44
Mining stocks were stuck in the red again on Thursday as a surprise departure by Rio Tinto's Chief Executive weighed on the shares and broker downgrades pushed other resources lower. "Miners had risen 20% between the middle of November and the beginning of January but have shed 6% as the initial eu
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreLondon close: Markets finish lower, but TUI Travel surges late on
16th Jan 2013 17:10
- World Bank, Germany cut growth estimates - Hostage crisis in North Africa - TUI Travel surges after approach from TUI AG The FTSE 100 ended moderately lower on Wednesday as markets trimmed losses by the close, though the mood was still cautious after both the World Bank and German government down
Read moreSector movers: Anglo leads miners lower after employee strike
16th Jan 2013 16:15
Mining stocks were under the weather on Wednesday afternoon, bearing the brunt of reduced risk appetite on markets. Concerns about the global economy were behind the risk-off tone on markets today, after the World Bank and German government both downgraded growth forecasts for 2013. Meanwhile, iro
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