London open: Stocks fall as Hurricane Sandy hits the US
29th Oct 2012 08:31
- New York trading suspended - UK equity markets cautious - Financials fall early on The UK stock market started in the red on Monday morning as investors showed caution as Hurricane Sandy hits the east coast of America. Dubbed as the '100-year storm', Hurricane Sandy has prompted the cancellatio
Read moreMonday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreBroker snap: Nomura slashes forecasts for Anglo on uncertainty
29th Oct 2012 07:45
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. The broker said that the stage is set for fourth-quarter production disappoint
Read moreLondon pre-open: FTSE to open lower as hurricane closes NYSE
29th Oct 2012 07:25
City sources predict the FTSE 100 will open down 12 points from Friday's close of 5,807, hit by the news that Wall Street will be shut ahead of 'superstorm' hurricane Sandy, which is expected to hit Wall Street in the next few hours. With stock markets, derivative exchanges and the larger of the U
Read moreAmplats reaches agreement with unions after six-week strike
29th Oct 2012 07:03
Anglo American's platinum unit, known as Amplats, has come to an agreement with trade unions in South Africa and hopes to see its 12,000 dismissed employees return to work by tomorrow, Tuesday October 30th. Industrial action has been going on for the past six weeks since the initial safety suspensi
Read moreLondon close: Stocks bounce after US GDP
26th Oct 2012 16:47
- US growth data boosts stock in afternoon trade - Anglo jumps after CEO exit - Pearson rises on Penguin merger speculation The FTSE 100 bounced into positive territory by the close on Friday afternoon, albeit only just, after better-than-expected growth figures from the world's largest economy che
Read moreAnglo gains after 'surprise' departure of CEO Cynthia Carroll - UPDATE
26th Oct 2012 15:48
Shares in Anglo American rose strongly on Friday after the firm announced that its Chief Executive Officer (CEO) Cynthia Carroll called it quits after five years on the job. Carroll, who joined the Anglo American board in January 2007 and took up the CEO position in March of that year, is thought t
Read moreFTSE 100 movers: Anglo American soars as search for new CEO begins
26th Oct 2012 15:26
Leading the risers was diversified mining titan Anglo American after announcing that it is on the look out for another CEO after Cynthis Carroll revealed her decision to resign. "It is a very difficult decision to leave, but next year I will be entering my seventh year as Chief Executive and I fee
Read moreSector movers: Miners gain after US GDP
26th Oct 2012 15:05
Mining stocks were in demand on Friday afternoon after US economic growth data beat expectations, boosting the outlook for the global economy and metals demand worldwide. US gross domestic product (GDP) increased at an annualised rate of 2.0% in the third quarter, well ahead of the 1.3% growth seen
Read moreLondon midday: Banks decline on LIBOR probe
26th Oct 2012 11:36
- Markets nervous ahead of US GDP - More banks linked to LIBOR manipulation - German confidence beats forecasts Caution ahead of today's US gross domestic product (GDP) report and news that more banks have been tied to the LIBOR manipulation scandal weighed on European markets on Friday, with the F
Read moreLondon open: Stocks decline ahead of US GDP
26th Oct 2012 08:28
- Stocks nervous after US corporate earnings - Markets cautious ahead of US GDP - Anglo advances on CEO exit The FTSE 100 index declined in early trading on Friday as markets showed caution ahead of a pivotal gross domestic product (GDP) report due out in the US this afternoon. The report, schedul
Read moreLondon pre-open: Eurozone worries to dampen spirits
26th Oct 2012 07:33
City sources predict the FTSE 100 will open down 35 points from yesterday's close of 5,805, hit by a renewed concern over the Eurozone after the International Monetary Fund released a worrying report on the debt loads of Greece, Ireland and Spain. Worsening the situation, Standard and Poor's has do
Read moreAnglo American CEO calls its a day
26th Oct 2012 07:03
Cynthia Carroll, the Chief Executive Officer (CEO) of diversified mining titan Anglo American, has resigned, the firm said on Friday morning. Carroll, who joined the Anglo American board in January 2007 and took up the CEO position in March of that year, is also to relinquish her position as Chairm
Read moreLondon midday: Stocks lifted by UK GDP and Japanese speculation
25th Oct 2012 11:36
- UK GDP beats expectations in Q3 - Japan to boost asset purchases, says newspaper - Unilever and AstraZeneca provide a lift after Q3 updates After a cautious start, the FTSE 100 was registering decent gains by Thursday lunchtime after UK gross domestic product (GDP) figures showed the country exit
Read moreLondon open: Corporate results impress as markets await GDP data
25th Oct 2012 08:40
- Unilever, AstraZeneca and miners rise after updates - WPP falls after Q3 disappointment - Markets higher ahead of UK GDP UK stocks edged higher on Thursday morning after a flurry of corporate updates were well received; however gains will likely will be modest this morning ahead of the UK growth
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