Sunday share tips: Anglo American, Rolls Royce
6th Jan 2013 20:52
Two major catalysts for share-price performance are looming for embattled miner Anglo American. These are a final update on the expected cost implications at Minas-Rio and, most importantly, its platinum bussiness review. This has prompted The Sunday Telegraph´s Questor team to move to a buy stance
Read moreLondon close: Stocks rally after US data
4th Jan 2013 16:42
- Footsie closes at highest level in nearly two years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government London's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 g
Read moreSector movers: Fresnillo leads miners lower
4th Jan 2013 16:19
Mining stocks were under heavy selling pressure on Friday afternoon as the sector pulls back after a decent performance over the past month. Even including today's 1.05% average drop, mining stocks have jumped around 10% over the last 30 days. Precious metals miner Fresnillo was hammered today, le
Read moreFTSE 100 movers: BP is strongest riser after Transocean accepts fine
4th Jan 2013 15:08
BP, which rose early on following news the company which loaned it the Deepwater Horizon rig back in 2010 had agreed a 1.4bn dollar settlement for the part it played in the gulf of Mexico oil spill that followed the fatal explosion of the rig. Speaking of Transocean's settlement, BP said: 'In settli
Read moreLondon midday: Markets cautious ahead of US jobs data
4th Jan 2013 11:39
Stocks were trading broadly flat on Friday morning with just 10 points separating the FTSE 100's intraday low and high, with markets showing caution ahead of the US employment report out in the next few hours. The Footsie began today's session in the red as investors digested last night's release o
Read moreLondon open: Stocks pull back after FOMC minutes
4th Jan 2013 08:20
Following a 150-point surge over the last two days, the FTSE 100 pulled back in early trading on Friday following the release of the minutes of the latest Federal Reserve meeting last night. While there was a clear majority in favour of further asset purchases (the third round of quantitative easin
Read moreLondon pre-open: FTSE to track US stocks slightly lower
4th Jan 2013 07:29
City sources predict the FTSE 100 will open down six points from yesterday's close of 6,047, tracking modest declines seen in the US overnight following the release of minutes from the Federal Reserve's December policy meeting. During the meeting policy-makers indicated that they believed the bond
Read moreAnglo American sells Brazil mine interest
4th Jan 2013 07:08
Mining giant Anglo American has agreed to sell its 70 per cent interest in the Amapá iron ore mine in Brazil. The terms of the deal with Zamin Ferrous are confidential and subject to state regulatory approval, but the company said it was expected to complete in 2013. Anglo American said it had n
Read moreFTSE 100 movers: Miners lead the way higher
2nd Jan 2013 15:12
With investors feeling like taking a few more risks following the events in the US, miners were taking up nine of the top 10 spots on FTSE 100. Burberry was also making decent gains, which may be linked to comments by the luxury retailer's Chief Executive, Angela Ahrendts, who said the company is
Read moreLondon close: Footsie ends 2012 on a dull note, fiscal-cliff weighs
31st Dec 2012 12:50
After a slight rebound late morning, the Footsie dropped to near its intraday low by the close of trade in a shortened trading session as US budget uncertainty dented risk appetite. Markets across Europe finished with mild losses today as they closed early for New Year's Eve. Fiscal cliff concern
Read moreLondon midday: Risk appetite scaled back ahead of fiscal cliff deadline
31st Dec 2012 11:19
UK stocks were trading firmly in the red by Monday lunchtime with less than 24 hours to go before the US fiscal cliff deadline, when 600bn dollars in automatic spending cuts and tax increases come into effect. Markets were even shrugging off some upbeat economic data from Asian powerhouse China ove
Read moreDid you pick the FTSE 100 winners in 2012?
28th Dec 2012 09:00
Let's be blunt, 2012 has been a real stinker in terms of the one thing markets crave most: certainty. Shocks have come from left, right and centre in 2012 as investors swung wildly between 'risk on' and 'risk off' modes. On top of that, trading on the London Stock Exchange was very light by histor
Read moreTuesday broker round-up UPDATE
18th Dec 2012 07:06
African Minerals: Deutsche Bank cuts target price from 610p to 600p, while its buy recommendation remains unchanged. Aggreko: Morgan Stanley reduces target price from 2230p to 1670p and keeps an equal-weight rating. Anglo American: Deutsche Bank moves target price from 2520p to 2268p, while the bu
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 100 movers: Aggreko plummets on cautious outlook
17th Dec 2012 15:23
Temporary power and temperature control solutions group Aggreko plummeted on Monday after giving a gloomy outlook for next year, saying that its performance would likely be lower than the 2012. Investec downgraded its rating for the stock from 'buy' to 'hold' this morning, after the company said t
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