Monday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
Read moreFTSE 100 movers: ICAP leads the risers after upgrade
12th Jun 2012 14:16
Interdealer broker ICAP was a high riser of the day after Faraday Research labelled the stock as a 'buy', saying that the Greek election this coming weekend is the catalyst "to really get things moving" - ICAP tends to benefit from increased volatility in markets. Analyst David Lowery said that whil
Read moreLondon midday: Stocks edge higher despite Eurozone uncertainty
12th Jun 2012 11:35
- Stocks edge higher, but still cautious - Italy now in the spotlight - Chinese bank lending improves After a subdued start, London's FTSE 100 index had edged higher by Tuesday lunchtime, but gains were only slight as the Eurozone uncertainty continues to cloud the outlook for the global economy.
Read moreFTSE 100 movers: Miners fall as investors reach for utilities
8th Jun 2012 14:55
Metals prices were retreating throughout Friday's session, pressuring mining stock lower. Vedanta, Kazakhmys, Antofagasta, Xstrata, Rio Tinto, Glencore and ENRC were among the worst performers. A stronger dollar was making greenback-denominated commodities more expensive early on, with crude prices
Read moreLondon close: Stocks surge after Draghi comments
6th Jun 2012 16:39
- ECB keeps rates unchanged; future rate cut eyed - Cameron, Obama call for 'immediate plan' - Miners and financials jump, ABG rockets The Footsie finished over two per cent higher on Wednesday afternoon as miners and financial stocks surged on speculation of future changes to monetary policy in Eu
Read moreLondon open: Miners, financials lead stocks higher early on
6th Jun 2012 08:21
- Eyes on ECB rate decision - Upside surprise in Australian GDP - Miners, financials gain early on After a four-day weekend for the Queen's Diamond Jubilee, the FTSE 100 jumped in early trading on Wednesday morning ahead of an interest rate decision in Europe. News that Australia's economy expanded
Read moreFTSE 100 movers: Wolseley leads the way lower as growth slows
29th May 2012 14:42
Leading the fallers was plumbers' merchant Wolseley which saw like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year. Banking groups were also providing a drag in London with heavyweight constituents RBS, Lloyds, and Standard Chartered
Read moreBroker snap: Nomura cuts coal price estimates, slashes Bumi target
25th May 2012 10:56
Nomura has cut its target price for FTSE 250 miner Bumi by 140p after reviewing the impact of lower estimated prices on the Australian coal industry. "In the near term, the risk is that coal growth projects are pushed back, as the majors can afford to be more disciplined. Ultimately, this could lea
Read moreFriday newspaper round-up: Inflation, Thomas Cook, Banking
25th May 2012 06:53
David Cameron will face demands from Tory MPs to redraw Britain's relationship with Europe in the event of a Greek exit from the Eurozone, senior government sources believe. No 10 and the Foreign and Commonwealth Office say that treaties governing the European Union will have to be rewritten after t
Read moreDebenhams boss rings up 100,000 shares
23rd May 2012 16:19
Michael Sharp, the man who took over retail chain Debenhams last year, has underlined his faith in the company with the purchase of shares 100,000 shares. The £74,000 purchase saw the Chief Executive Officer invest his money at 74.32p a go, increasing his interest in the company to over 5.95m share
Read moreBroker snap: Jefferies cuts targets across the mining sector
17th May 2012 10:41
Jefferies has reduced its target prices for miners under its coverage by around a tenth on average as macroeconomic concerns have increased in recent weeks. "Mining shares have recently underperformed commodities and the broader equity markets. We attribute this underperformance to several factors,
Read moreLondon midday: Footsie down nearly two per cent on Greek uncertainty
14th May 2012 11:51
- Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie The FTSE 100 index traded broadly sideways in morning trade, holding on to the steep losses seen in the opening hour on the back
Read moreLondon open: Stocks sink on Greek exit speculation
14th May 2012 08:33
- Political uncertainty in Greece, Germany weighs on sentiment - Officials consider Greek euro exit - Banks, miners drag on the FTSE 100 European equity markets were a sea of red on Monday morning as continuing concerns over the political situation in Greece fuelled a sell-off early on. The Footsie
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreLondon close: Stocks tank after US payrolls disappointment
4th May 2012 17:00
- US payrolls data sinks global markets - Eurozone services PMI revised lower - Miners lead fallers in London, RBS erases gains The early sell-off for the FTSE 100 accelerated in afternoon trade after the increase in US payrolls came in well below expectations fuelling a sell-off in global stock ma
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