Broker snap: Credit Suisse cuts EPS forecasts for Metals&Mining
12th Oct 2012 13:18
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
Read moreFTSE 100 movers: Banks top risers after FSA decision
10th Oct 2012 15:22
Banking peers Lloyds and RBS were leading the risers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending. Meanwhile, according to reports this morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investm
Read moreSunday newspaper round-up: Greece, BAE Systems, Britain´s banks
7th Oct 2012 18:06
Greece cannot have more time to repay its debt to the European Central Bank because it would be illegal and "illogical", board member Joerg Asmussen has said, as he shut the door on pleas for leniency from the bank. Mr Asmussen said that the ECB could not lengthen the time period for loans to Greece
Read moreLondon close: Miners surge after US jobs figures beat forecasts
5th Oct 2012 16:44
- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
Read moreAmplats sacks 12,000 miners at Rustenberg project
5th Oct 2012 16:07
Anglo American's platinum operation, Amplats, in which it owns an 80 per cent interest, has announced that it has sacked around 12,000 striking employees from its Rustenberg project in South Africa. Amplats, the world's biggest producer of platinum group metals (PGMs) which accounts for around 40%
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreNew CEO at Halfords celebrates appointment with share purchase
4th Oct 2012 17:11
Matt Davies, the brand new Chief Executive Officer at Halfords Group, the FTSE-250 car and bike parts retailer, purchased 164,056 on his first day on the job. Davies, who bought the shares for 302.22p each for a total of £495,810, has replaced former CEO David Wild, who abruptly exited the company
Read moreLondon close: US data provides a late boost
3rd Oct 2012 16:34
- US services and labour figures lift stocks - Mixed economic data in China, UK and Europe - FTSE 100 finishes up 0.3 per cent The UK benchmark finished with mild gains on Wednesday afternoon after some better-than-expected data from the US managed to brighten the mood, which was dampened earlier b
Read moreAnglo American falls as illegal strikes spread
3rd Oct 2012 16:02
Anglo American fell three per cent on Wednesday after its platinum division, Amplats, saw wildcat strikes spread to its Union Mine in Limpopo Province, to the northwest of Rustenburg. On Tuesday evening the firm, which accounts for around 40% of global platinum supply, said staff had reported for
Read moreLondon close: Back in the blue ... just
27th Sep 2012 16:38
Having briefly broken above 5800 shortly after the start of trading, on the back of news of stimulus measures in China, the top share index move into negative territory in the afternoon session, before rallying near the close. The stock market is not the only thing back in the blue It was revealed
Read moreAmplats forced to take disciplinary action against strikers
27th Sep 2012 15:08
Anglo American Platinum (Amplats) has said that it has had no choice but to initiate disciplinary action the 80 per cent of its workforce at its Rustenburg mines that continues to strike illegally. The firm has made repeated calls for the strikers to return to work since it re-opened the mines on
Read moreFTSE 100 movers: Tate & Lyle rises on positive update
27th Sep 2012 14:50
Sweeteners group Tate & Lyle rose after it said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Anglo American was also on the rise
Read moreLondon close: Pain in Spain again
26th Sep 2012 16:57
Stock markets all over the world were in retreat on Wednesday, and London was no exception, as investors fretted about Spain's negotiations over bailout terms. Spain will restrict early retirement programmes as one of the new measures that President Rajoy will announce during the 2013 budget presen
Read moreFTSE 100 movers: Anglo American falls on Amplats strike warning
26th Sep 2012 15:13
Mining giant Anglo American fell after Amplats (Anglo American Platinum) said the low turnout at its Rustenburg mines, where a temporary halt was put on operations amid a wave of labour unrest, has continued to be below 20 per cent since re-opening on September 18th. The firm, which reiterated tha
Read moreAmplats disciplinary legal action after just 20pc of workers show up
26th Sep 2012 13:17
Mining giant Anglo American Platinum (Amplats) has said turnout at its Rustenburg mines, where a temporary halt was put on operations amid a wave of labour unrest, has continued to be below 20 per cent since re-opening on September 18th. The firm, which reiterated that the current industrial actio
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