Wednesday newspaper round-up: BRICS, Anglo American, British American
14th Nov 2012 07:58
The catch-up boom in China, India, Brazil is largely over and will be followed by a drastic slowdown over the next decade, according to a grim report by America's top forecasting body. Europe's prognosis is even worse, with France trapped in depression with near zero growth as far as 2025 and Britai
Read moreWednesday Broker round-up UPDATE
14th Nov 2012 07:24
Anglo American: Deutsche Bank reduces target price from 2700p to 2600p, buy recommendation unchanged. Chemring: Credit Suisse reduces target price from 330p to 210p, neutral rating kept. CRH: UBS raises target price from 1110p to 1140p, neutral rating unchanged. Daily Mail and General Trust: Deut
Read moreLondon close: Stocks stage late rally but sentiment still fragile
13th Nov 2012 16:57
- Greece granted two more years to meet target - German sentiment worsens in November - ITV soars nine per cent after third-quarter figures A positive start on Wall Street prompted a rally for equity markets this side of the Atlantic on Tuesday afternoon, as investors temporarily shrugged off conce
Read moreFTSE 100 movers: ITV soars after beating market expectations
13th Nov 2012 14:59
Shares in ITV leapt after the broadcaster beat market expectations, despite net advertising revenue falling in the third quarter. NAR for the 'ITV Family' was down 10% in July, down 9% in August and down 1% in September, after taking a hit from the Olympics and Paralympics, which were shown on the B
Read moreLondon midday: Stocks drop after 'inconclusive' Eurogroup meeting
13th Nov 2012 11:46
- Greece granted two more years to hit targets - German ZEW surprises to the downside - UK inflation picks up in October The Footsie was stuck firmly in negative territory on Tuesday morning as worries about Greece's finances continue to weigh on sentiment, following the Eurogroup meeting yesterday
Read moreLondon open: Stocks drop as Greece given more time
13th Nov 2012 08:29
Concerns about Greece continued to weigh on sentiment on Tuesday morning, causing the FTSE 100 index to fall sharply in early trading. Meanwhile, there was news that China is "actively studying" the expansion of the property tax programme on concerns that transaction volumes and home prices could i
Read moreMeter running at Anglo American's Minas-Rio project
13th Nov 2012 07:13
Continuing delays on Anglo American's Minas-Rio iron ore project in Brazil are likely to push up the cost of the project more than the market had been expecting. The group had been facing three licensing challenges affecting construction activities at the beneficiation plant, as well as land access
Read moreLondon close: Stocks finish flat as Eurogroup meets
12th Nov 2012 17:00
- Eyes turn to Eurogroup meeting - Greece approves 2013 budget - Japanese GDP decline worse than feared Concerns about Greece and a worse-than-expected contraction in Japan meant that it was a rather subdued day on the UK stock market on Monday, with the FTSE 100 broadly unchanged by the close. "E
Read moreFTSE 100 movers: Polymetal rises on positive update
12th Nov 2012 14:59
Mining firm Polymetal International leapt into the top spot after announcing that it has extended the life-of-mine projections for its Khakanja and Omolon mines in Russia by two years after releasing the first set of ore reserves estimates for its Tsokol, Ozerny, Avlayakan, and Dalniy deposits. UB
Read moreLondon midday: Stocks rise but markets cautious ahead of Eurogroup
12th Nov 2012 11:36
- Greece approves 2013 budget - Japanese GDP worse than expected - Markets await Eurogroup meeting this afternoon UK stocks were continuing to trade slightly higher on Monday morning after Greece approved its 2013 budget late last night, however, gains were only modest as caution sets in ahead of
Read moreLondon open: Stocks rise as Greece approves budget
12th Nov 2012 08:30
- Greece approves 2013 budget - Japanese GDP worse than expected - Miners fall but Polymetal bucks the trend UK stocks were making gains on Monday morning, rebounding after a 1.7 per cent fall the previous week, as the markets' concerns about the Greek economy eased temporarily. Greece's parliamen
Read moreTuesday tips round-up: BAE, F&C, Anglo American
30th Oct 2012 16:28
There was rare good news for BAE Systems yesterday. The British defence giant scooped a 315m pound contract from the Government to start work on the next generation of nuclear-powered submarines. The contract is also due to yield 500m pounds by year end, which could fund a share buy back. Longer ter
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreBroker tips: Anglo American, Reckitt, Standard Life
29th Oct 2012 12:15
South African operation disruptions, production curtailments and a Chief Executive Officer (CEO) exit all add to near-term risks for Anglo American, according to Nomura which has slashed its estates for the mining group. "We have cut our near-term earnings forecasts by ~20% on average and now sit ~
Read moreLondon midday: Sandy claims its first victims, insurers
29th Oct 2012 11:37
UK equities are now registering moderate losses and bouncing "along the bottom" in rather lackluster trading conditions, as the main indices track futures on Wall Street. Those are now pointing to falls of about 1 per cent in the main benchmarks ahead of electronic trading being suspended before hu
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