FTSE 100 movers: Prudential rallies as first-half numbers impress, Burberry slumps on yuan devaluation
11th Aug 2015 14:36
(ShareCast News) - London's FTSE 100 index was down 0.8% at 6,681 at 1500 BST, as the devaluation of the yuan hit the heavily-weighted mining sector. Prudential was the standout gainer after the insurer posted a better-than-expected 17% rise in first-half operating profit and lifted its interim divi
Read moreInvestec downgrades Glencore as it reviews mining sector
10th Aug 2015 10:15
(ShareCast News) - Investec cut Glencore to 'sell' from 'buy' as it revised equity target prices on a number of mining stocks following further weakness in the Chinese economy and downgrades to its commodity price deck. "The increasing problems in China have caused us to reassess our commodity price
Read moreSector movers: Financials, miners and airlines lead London market higher
5th Aug 2015 16:03
(ShareCast News) - Financial stocks and miners led the London market higher on Wednesday, as improved economic data from China buoyed the market. The FTSE 100 closed up 0.98% or 65.84 points at 6752.41, while the FTSE 250 ended up 0.23% or 40.65 points at 17775.08 on a bounceback from miners as shor
Read moreFTSE 100 movers: StanChart, miners and Tesco lift index
5th Aug 2015 15:58
(ShareCast News) - The FTSE 100 was generally on the up through most of Wednesday's session, with some well-received financial results accompanied by a mining sector bounce. London's blue chip index was ahead by 0.78% at 6,738.50 points at 1616 BST, with BHP Billiton and Rio Tinto leading the pack t
Read moreRio, BHP and Glencore upgraded by Liberum as "fair value" reached
5th Aug 2015 11:18
(ShareCast News) - Analysts at Liberum have upgraded mining majors Rio Tinto, BHP Billiton and Glencore as the sector approached "plausible fair value", but reiterated Anglo American's 'sell' rating. Liberum now has a 'hold' rating on three of the FTSE 100 mining giants, with BHP Billiton's given a
Read moreLondon close: Weak China and US PMIs send FTSE lower
3rd Aug 2015 17:08
(ShareCast News) - Worse-than-expected manufacturing data in the US and China sent the FTSE lower at close on Monday. China's Caixin purchasing managers' index (PMI) on manufacturing activity, which was previously sponsored by HSBC, declined to a two-year low of 47.7 from June's 49.4 on a 100-point
Read moreFTSE 100 movers: Intertek surges on first-half numbers but miners slump on China woes
3rd Aug 2015 16:40
(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. Intertek surged after posting a 16% rise in first-ha
Read moreLondon midday: FTSE drops as miners fall on downbeat Chinese manufacturing data
3rd Aug 2015 12:33
(ShareCast News) - The FTSE 100 declined at Monday midday, led by miners following the release of lacklustre Chinese manufacturing data. Rio Tinto, Randgold Resources, BHP Billiton and Anglo American were among the fallers as commodity prices took a hit after two separate surveys showed Chinese manu
Read moreMonday tips round-up: Royal Dutch Shell, BP, GSK and Anglo American
27th Jul 2015 11:45
(ShareCast News) - There is an inevitable dividend question hanging over the two big oil companies, the Times' Tempus column said. Royal Dutch Shell and BP, both reporting this week, offer among the best yields in the market, in excess of 6%. If the payments are maintained, they remain attractive i
Read moreFTSE 100 movers: Vodafone rallies, but Daily Mail and Diageo lose ground
24th Jul 2015 15:38
(ShareCast News) - London's FTSE 100 index was trading down 0.3% at 6,634 on Friday as investors sifted through a raft of earnings reports. Vodafone was the biggest riser on the FTSE 100 after it said it has made a good start to the year, with organic service revenue up 0.8% in the quarter ended 30
Read moreAnglo American to cut 6,000 jobs as profit drops, but investors cheer dividend
24th Jul 2015 10:49
(ShareCast News) - Shares in Anglo American rose on Friday as investors breathed a sigh of relief that the miner had maintained its dividend, as it posted a 36% drop in first-half underlying earnings before interest and tax amid declining commodity prices. Anglo reported underlying EBIT of $1.9bn, d
Read moreGoldman Sachs lowers medium-term copper price forecasts
23rd Jul 2015 09:05
(ShareCast News) - Even in a country that accounted for 20% of the global population and 13% of its gross domestic product, private consumers in the People's Republic of China could not be expected to consume half the world's copper as the government-led investment drive cooled, Goldman Sachs told c
Read moreFTSE 100 movers: Easyjet soars on higher earnings outlook, insurers extend gains
22nd Jul 2015 14:40
(ShareCast News) - London markets edged lower on Wednesday after the Bank of England's rate-setting meeting had investors fretting about inflation risks. As of 15:00, the FTSE 100 was trading 1.4% lower at 6,672. Leading the fallers was ARM Holdings, which dropped after the chip maker reported seco
Read moreFriday broker round-up
17th Jul 2015 16:13
(ShareCast News) - Anglo American: SocGen reiterates hold but trims target to 950p from 1090p. ARM Holdings: Investec reiterates buy and 1,140p target. Barclays: Investec downgrades to sell with 265p target. Capita: Morgan Stanley ups target to 990p from 950p and reiterates underweight. RBS: Inve
Read moreFTSE 100 movers: Royal Mail dips as Ofcom suggests price cap, M&S hit by executive resignation
17th Jul 2015 15:37
(ShareCast News) - London markets were little changed on Friday, as hawkish comments from Bank of England Governor Mark Carney were balanced by Germany voting in favour of Greece's bailout package. As of 15:00 BST, the FTSE 100 was trading flat at 6,783. Royal Mail topped the fallers after Ofcom su
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