London midday: Growth concerns fuel risk aversion
12th Jul 2012 11:22
- Ashmore drops eight per cent; miners tank - Aegis rockets after Dentsu offer - Markets focus on FOMC minutes and global growth concerns European markets were firmly in negative territory on Thursday morning on the back of concerns over the global economy, with miners about the worst hit in London
Read moreBroker snap: Credit Suisse downgrades BHP, cuts targets for miners
12th Jul 2012 10:06
Credit Suisse has revised its target prices across the mining sector lower after cutting its commodity price estimates; as part of this review, the broker has downgraded its rating for BHP Billiton. The broker said that decelerating global growth and falling risk appetite have taken their toll on c
Read moreLondon open: Ashmore, G4S and miners provide a drag
12th Jul 2012 08:43
- FOMC minutes disappoint - Miners tank after Credit Suisse cuts forecasts - Aegis rockets after Dentsu offer The FTSE 100 dropped sharply in morning trade on Thursday with sentiment dampened by last night's statement by the Federal Reserve which didn't give any hints at further stimulus measures f
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreLondon open: Stocks slip ahead of Eurogroup meeting
9th Jul 2012 08:55
- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
Read moreAnglo American gets final approval on De Beers deal
6th Jul 2012 09:36
Mining giant Anglo American has received final regulatory approval for the acquisition of the Oppenheimer family's 40 per cent stake in diamond producer De Beers. Anglo American has received consent from the South African Minister of Mineral Resources to make the acquisition, meaning that all the
Read moreJupiter non-exec reveals history of steady stream of sales
5th Jul 2012 14:27
A Non-Executive Director of investment firm Jupiter Fund Management has sold a total of 116,667 shares in the firm across seven transactions over a period of 10 months. The most recent sale, made on June 26th, saw Matteo Dante Perruccio dispose of 20,000 shares at 209.39p each for a total of £41,8
Read moreFTSE 100 movers: Shire dives on rival application
25th Jun 2012 13:59
Shares in pharmaceutical giant Shire tanked after the US Food and Drug Administration approved a rival's application to make a generic version of its attention deficit and hyperactivity disorder (ADHD) drug, Adderall XR. IAG was also out of favour on reports that nationalised Spanish bank Bankia a
Read moreLondon open: Shire provides a drag early on
25th Jun 2012 08:23
- Shire tumbles after generic ADHD deal gets approval - Polymetal rises after broker upgrade - Investors look to EU summit Banking and mining stocks were providing a drag in London on Monday morning, as investors showed caution ahead of the EU summit later this week. Trader Jordan Lambert from Spr
Read moreLondon pre-open: FTSE set for flat start
25th Jun 2012 07:26
City sources predict the FTSE 100 will open down one point from Friday's close of 5,514, following losses in the previous two sessions which knocked more than 100 points off the index. Electricity generating group International Power has announced that is has refinanced its debt facilities at the
Read moreAnglo American and Codelco keep talking
25th Jun 2012 07:03
Anglo American and Chile's Codelco have agreed to extend talks as they seek to negotiate an agreement in their bitter battle over the former's Anglo Sur assets. Both parties requested continued suspension of their legal proceedings on Friday at a Santiago court until Tuesday 17 July 2012 to allow t
Read moreLondon close: Gloomy US data dents stocks further
21st Jun 2012 16:24
- Philly Fed manufacturing and other US data disappoints - No QE3 boost from the Fed - Chinese and Eurozone PMIs paint gloomy picture The Footsie closed near its lowest levels of the day on Thursday afternoon after a raft of economic indicators from the US disappointed, just one day after the Feder
Read moreFTSE 100 movers: Miners tank on macro concerns
21st Jun 2012 14:38
Gloomy manufacturing data from China and disappointing economic activity figures from the Eurozone weighed on the mining sector on Thursday. Meanwhile, with the US Federal Reserve holding back from extra quantitative easing measures last night, the dollar strengthened meaning that greenback-denomina
Read moreLondon midday: Economic data drives stocks lower
21st Jun 2012 11:30
- Chinese, Eurozone PMIs paint gloomy picture - Spanish banking-sector audits due today - Miners, oil stocks fall Disappointing economic data, a negative revision to US growth and rising bond yields in Spain combined to put downward pressure on UK stocks on Thursday, with the Footsie trading firmly
Read moreLondon open: Stocks fall on Chinese data, US growth
21st Jun 2012 08:40
- Chinese PMI falls to seven-month low - Fed extends 'the twist', lowers GDP forecast - Miners provide a drag in London Disappointing economic data from China and a downward revision to US growth dented the Footsie in early trading on Thursday, with mining stocks bearing the brunt of the sell-off.
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