London midday: Italian yields fall, Experian leads recovery
10th Nov 2011 12:16
London's blue chip index has erased earlier losses to trade flat around lunchtime as Italian 10-year bond yields fell back below the critical 7% after the country's debt auction. Meanwhile, the Bank of England revealed at midday that it had kept interest rates at the record low level of 0.5%. ITALY
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreLondon open: Some bright spots among the gloom
10th Nov 2011 09:04
It has not been the blood-bath that some might have been expecting, as investors get increasingly nervous about the situation in Italy, but the vast majority of stocks in London are still in negative territory in early trading. Amid the gloom, Anglo American, Experian and Morrisons provide some che
Read moreAnglo American sells off a chunk of Chilean assets
10th Nov 2011 07:57
Mining colossus Anglo-American has sold off a large minority stake in its Chilean copper business for a reported $5.39bn to Japanese trading house Mitsubishi Corporation. Mitsubishi has acquired 24.5% of Anglo American Sur (AAS), hitherto a wholly owned subsidiary of Anglo American. AAS is a Chile
Read moreLondon open: RBS leads the advance
4th Nov 2011 23:18
Equities have started the day on the front foot but are not straying too far from last night's levels, bearing in mind that the market-moving US October jobs report is due out this afternoon. Nationalised lender Royal Bank of Scotland (RBS) is leading the advance after its third quarter advance, al
Read moreLondon close: Footsie drifts lower ahead of Greek vote
4th Nov 2011 17:00
Things were going relatively swimmingly in London, until US jobs data prompted some investors to bank profits ahead of this evening's vote-of-confidence vote in the Greek parliament. The vote could be 'make-or-break' for prime minister George Papandreou. Many leading politicians in Greece have cal
Read moreLondon midday: ARM & RBS lead the rise
4th Nov 2011 12:28
The Footsie's earlier gains were trimmed after midday after some key US jobs data came in worse-than-expected. The Bureau of Labor Statistics has revealed that 80,000 non-farm payrolls were added in October, well under expectations of a 95,000 gain. "Employment in the private sector rose, with mode
Read moreAnglo-American gets De Beers in
4th Nov 2011 07:58
In a deal rich in historical significance, mining giant Anglo-American has acquired a controlling stake in the diamond producer De Beers for $5.1bn. The bare numbers hardly do the deal justice but in essence Anglo-American, which has been a shareholder in De Beers since 1926, will buy the Oppenheim
Read moreLondon close: Miners plummet, Footsie drops 2.8%
31st Oct 2011 16:33
London's blue chips registered an average fall of 2.77% on Monday as a steep sell-off in the heavyweight mining sector dragged the Footsie down to 5,544, 158 points off Friday's close of 5,702. Just three stocks finished the day with gains. The steady decline continued following a dreary start on W
Read moreUPDATE: Monday broker round-up
31st Oct 2011 10:17
Homeserve: Citi retains sell, cuts target to 400p from 430p. Virgin Media: Citi stays at buy, lowers target to $32 from $35.7. Homeserve: Credit Suisse downgrades from outperform to neutral, target cut from 570p to 485p. Removes from small and medium cap Focus list. JJB Sports: Panmure Gordon d
Read moreUPDATE: Thursday broker round-up
27th Oct 2011 09:09
Smith&Nephew: Citi reiterates sell. Anglo American: Citi maintains at buy. Invensys: UBS raises to neutral-short term buy from neutral. Lowers target to 225p from 250p. Bellway: UBS keeps at buy, raises target price to 825p from 793p. Lloyds: Credit Suisse cuts target to 31p from 40p, keeps at
Read moreLondon open: Miners drag Footsie lower
20th Oct 2011 08:33
The Footsie tumbled in the opening minutes on Thursday morning, following a strong day yesterday, with just three stocks making gains. Markets seem to have lost their optimism as Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped. The unexpected me
Read moreLondon pre-open: Yesterday's gains to disappear
20th Oct 2011 07:26
The top-share index is set to give back all of yesterday's gains and more at the outset, with City sources predicting the FTSE 100 will open down 80 points or so from yesterday's close of 5,450, after last night's lacklustre showing on Wall Street. Oil and gas facilities services provider Petrofac
Read moreAnglo American faces sale of Chilean operations
20th Oct 2011 07:21
Anglo American, the Anglo-South African mining and minerals giant, has seen a 3% year-on-year increase in iron ore production in the third quarter of 2011. The figure has been achieved due to increased volumes from the company's operations at its Sishen mine in South Africa. Total coal production
Read moreBroker tips: Anglo American, Rolls-Royce, Booker
13th Oct 2011 12:56
Credit Suisse has reiterated its neutral stance on mining giant Anglo American, saying that if a large share of the Los Bronces project in Chile is sold, then the group could lose part of a "key growth pillar". The broker says that it appears that Codelco could exercise its option to acquire a 49%
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