Anglo American completes sale of Lafarge Tarmac for £992m
17th Jul 2015 13:42
(ShareCast News) - Anglo American has completed the sale of its 50% ownership interest in Lafarge Tarmac Holdings to Lafarge for £992m. Lafarge already owns the other half of the company and Anglo had agreed to sell the stake in 2014 for a minimum consideration of £885m. The miner also received aro
Read moreAnglo American to book up to $4bn in impairments; production report a mixed bag
16th Jul 2015 11:02
(ShareCast News) - Mining giant Anglo American said it expects writedowns of around $3bn-$4bn in the first half of this year relating to its Minas-Rio iron ore operations in Brazil and certain Australian coal assets. The company said the first six months of 2015 have seen significant further weaknes
Read moreFTSE 100 movers: Anglo American leads miners higher, Burberry hit by weak Asian sales
15th Jul 2015 14:36
(ShareCast News) - London markets were subdued on Wednesday, as strong performances from telecommunications, insurance and property stocks were offset by weakness in the oil, engineering and software sectors. As of 14:30 BST, the FTSE 100 was trading flat at 6,762. On the corporate front, Anglo Ame
Read moreLondon midday: Stocks recover ahead of speech by Fed chair Yellen
15th Jul 2015 13:04
(ShareCast News) - London stocks recovered from the losses seen earlier in the day as traders waited on word from Athens regarding the approval of the reform measures demanded by creditors. As of 11:45 the FTSE 100 was 2.92 points higher to 6,756.65 points, although the more UK-focused FTSE 250 was
Read moreBroker tips: Anglo American, Vodafone, Wetherspoon, Just Eat
15th Jul 2015 11:49
(ShareCast News) - Anglo American rose to the top of the FTSE 100 after Credit Suisse upgraded the stock to 'outperform' from 'neutral'. It noted that a wide valuation gap has opened versus peers with the selloff in the stock led by balance sheet concerns rather than earnings. "We think at current
Read moreLondon open: Stocks rally on upbeat Chinese data
15th Jul 2015 09:43
(ShareCast News) - The FTSE 100 opened higher after better-than-expected Chinese data. China's gross domestic product (GDP) rose 7% year-on-year in the second quarter, above forecasts for a 6.8% increase. "The second quarter's stronger-than-consensus GDP growth partly reflects an unsustainable surg
Read moreAnglo American tops FTSE 100 on Credit Suisse upgrade
15th Jul 2015 09:20
(ShareCast News) - Anglo American rose to the top of the FTSE 100 after Credit Suisse upgraded the stock to 'outperform' from 'neutral'. It noted that a wide valuation gap has opened versus peers with the selloff in the stock led by balance sheet concerns rather than earnings. "We think at current
Read moreSunday share tips: Infinis Energy, mining sector, Gear4music
12th Jul 2015 14:13
(ShareCast News) - Sell shares in waste-to-energy producer Infinis Energy, said the Sunday Times's Inside the City column. When Chancellor George Osborne last Wednesday swept away long-standing tax breaks for Infinis, Drax and other green energy producers in his Budget it was an especially big blow
Read moreFriday broker round-up
10th Jul 2015 14:03
(ShareCast News) - Anglo American: Citi upgrades to neutral. Ashmore: Jefferies reiterates buy but shaves target price to 373.5p, Cannacord reiterates hold. Aviva: Barclays reiterates neutral stance and nudges target to 637p from 632p, Berenberg keeps at sell. BaE Systems: Berenberg upgrades to bu
Read moreBroker tips: Standard Life, Prudential, Lonmin, Miners
10th Jul 2015 14:02
(ShareCast News) - Shares in insurers Prudential and Standard Life got a lift from Barclays, as it upgraded price targets on both stocks in its latest note on European insurance. The bank increased Prudential's target to 1,889p from 1,877p, pointing to the company's earnings on 11 August, which will
Read moreHSBC trims price targets for miners
10th Jul 2015 11:40
(ShareCast News) - Volatility has been in the driving seat as a result of the recent gyrations in China's stockmarkets, but certain commodities will outperform once the fog clears one of the world's largest brokers said. "We fully acknowledge the near-term risk-off sentiment as the market looks to a
Read moreThursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreLondon close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreFTSE 100 movers: Defensives gain, miners sold off as risk appetite wanes
7th Jul 2015 15:16
Defensive sectors such as real estate and pharmaceuticals were performing well while commodity stocks were falling on Tuesday, with investors reducing their appetite for risk as European leaders met in Brussels to discuss Greece's future. Stocks which tend to hold up better in times of economic inst
Read moreLondon close: Stocks slip after Greek 'no' vote, but downside limited
6th Jul 2015 16:38
UK stocks finished with moderate losses on Monday in the aftermath of the Greek public's rejection of creditors' bailout proposals, with Rolls-Royce dropping sharply after a profit warning and miners bearing the brunt of a reduction in risk appetite. The result of Sunday's Greek referendum showed th
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