FTSE 100 movers: Miners lead the way
5th Dec 2012 15:16
Mining stocks were performing well today on increasing optimism about China; Vedanta, Kazakhmys, Anglo American and Rio Tinto were all making decent gains. Precious metals giant Polymetal also advanced after saying it was giving $191m dollars back to shareholders by way of a special dividend. Su
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
Read moreLondon open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreLondon open: Stocks gain on US budget hopes
29th Nov 2012 08:22
UK equities opened strongly on Thursday morning with mining stocks leading the risers on the back of optimism that US policy-makers will eventually agree on a deal to avert the 'fiscal cliff'. "European equities are trading higher this morning managing to extend yesterday's afternoon late turnaroun
Read moreAnglo American completes sale of Scaw South Africa
26th Nov 2012 08:17
Diversified mining titan Anglo American has completed the sale of Scaw South Africa, South Africa based integrated steel maker, to an investment consortium led by the Industrial Development Corporation of the same country. The company sold for R3.4bn (c. $440m) on a cash and debt free basis. The
Read moreLondon close: Footsie registers best weekly performance this year
23rd Nov 2012 16:45
- FTSE 100 gains 3.8 per cent higher on the week - German and French confidence data beats expectations - EU summit ends with deadlock After a subdued start, UK stocks rallied in afternoon trade on Friday with decent economic figures from Germany and France lifting the mood. The positive finish h
Read moreAnglo and Lafarge name leadership team for UK construction JV
23rd Nov 2012 14:32
UK-listed mining giant Anglo American and French cement firm Lafarge have appointed the Chairman, Chief Executive Officer (CEO) and Chief Financial Officer (CFO) for their proposed construction joint venture (JV) in the UK. Even though the JV has not been formally approved yet - final clearance is
Read moreFTSE 100 movers: Water groups take a bath; SABMiller extends gains
23rd Nov 2012 14:00
Utilities stocks were among the worst performers of the day on Friday as companies reacted to Tuesday's Ofwat statement in which it clarified some licence modification proposals following requests for more information from shareholders. The general consensus is that water suppliers do not agree wi
Read moreLondon open: Footsie unchanged as another quiet day expected
23rd Nov 2012 08:24
UK stocks was broadly unchanged on Friday morning in anticipation of another quiet day on markets with Wall Street only open for half a session following Thanksgiving yesterday. "European headline shares opened tentatively today as investors remained apprehensive towards risk-on assets in the face
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreLondon open: Stocks flat ahead of US budget talks
16th Nov 2012 08:27
The UK benchmark index opened flat on Friday morning as investors turn to the US where President Barack Obama is to hold budget talks in Congress to discuss the impending 'fiscal cliff'. The Footsie finished yesterday's session at 5,678, its lowest closing value since September 5th when it finished
Read moreAnglo and Lafarge to sell UK construction assets to ?Lakshmi Mittal
16th Nov 2012 07:27
Mining giant Anglo American and French cement group Lafarge are to sell a portfolio of UK construction material operations to steel tycoon ?Lakshmi Mittal?, the companies announced on Friday. The assets comprise: a Derbyshire cement plant; 172 ready mix concrete plants; five aggregates quarries; tw
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
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