FTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreSouth32 impresses with manganese cost and output cuts
4th Feb 2016 11:32
(ShareCast News) - Shares in South32 spiked higher after the miner decided to cut costs and production at its South Africa manganese operations, with 620 jobs axed and an expected 0.9m tons (Mt) removed from the market. The company, which was spun out of BHP Billiton last May, said that as a result
Read moreSunday newspaper tips: Ocado, Satellite Solutions, BHP Billiton, Rio Tinto
31st Jan 2016 14:29
(ShareCast News) - Sell shares in Ocado, said the Sunday Times' Inside the City column, as it has failed to deliver its long-promised deal to license out its online grocery technology to an overseas supermarket. Of course such a deal could still appear and help stop the shares' decline. However, it
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreLondon close: Equities close higher as oil prices rise, BoJ loosens policy
29th Jan 2016 16:11
(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.
Read moreFTSE 100 movers: South Africa rate rise sends Old Mutual surging
29th Jan 2016 14:50
(ShareCast News) - The FTSE 100 was back over the 6,000 mark on Friday, rising 105.69 points (1.78%) to 6,037.47 by mid-afternoon. Old Mutual topped the list after South Africa's central bank raised interest rates for the second time in two months yesterday. The bank also cut its growth forecast as
Read moreLondon midday: Stocks gain on BoJ's negative interest rate
29th Jan 2016 11:00
(ShareCast News) - London stocks gained on Friday as investors cheered the Bank of Japan's latest policy announcement. The Bank of Japan unexpectedly decided to introduce a negative interest rate of -0.1% for new commercial banks' current account deposits. It means the banks will charged by the BoJ
Read moreLondon close: Stocks end lower on lacklustre UK GDP
28th Jan 2016 16:07
(ShareCast News) - London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data. The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analy
Read moreFTSE 100 movers: Royal Dutch Shell and BG Group on the rise after takeover approved
28th Jan 2016 13:53
(ShareCast News) - The FTSE 100 resurfaced into the black after sinking into the red before lunch, with the blue chip market up 8.45 points (0.14%) to 5,998.82 by early-afternoon on Thursday. Anglo American surged to the top of the market as investors welcomed its fourth quarter production report. O
Read moreAnglo American surges after fourth quarter production report
28th Jan 2016 12:01
(ShareCast News) - Anglo American surged to the top of the FTSE 100 as investors welcomed its fourth quarter production report. Production for the fourth quarter rose 3% from the end of 2014 and the third quarter, while output for the year as a whole was up 5%. Copper output from the group's retain
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read moreFTSE 100 movers: BHP and Shell lead fall, Randgold and Sports Direct only risers
20th Jan 2016 14:48
(ShareCast News) - The FTSE 100 was wallowing in negative territory on Wednesday afternoon, with resources stocks leading the retreat. At 1530 the blue chip index was down 3% at 5,700.26, with BHP Billiton the biggest faller. Earlier, the miner had unveiled a mixed second-quarter trading update, ma
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