FTSE 100 movers: Glaxosmithkline upgraded, miners and oil stocks higher
13th Feb 2015 14:29
Glaxosmithkline's shares were given a boost by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point" after a tough few years. The bank hiked its target price for the stock from 1,250p to 1,700p. The sh
Read moreLondon midday: Eurozone GDP data lifts markets as resource stocks rise
13th Feb 2015 11:37
Stronger-than-expected Eurozone growth figures and easing concerns about Ukraine and Greece gave stocks a boost in London on Friday, with resource shares leading the advance. The FTSE 100 was trading 0.6% higher at 6,869 by midday, as metal and oil stocks tracked commodity prices higher. Eurozone g
Read moreLondon open: German GDP gives sentiment a boost as UK stocks rise
13th Feb 2015 09:13
Strong gains in the mining and oil sectors pushed UK stocks higher on Friday, as investors showed optimism after much better-than-expected growth figures from Germany. London's FTSE 100 was up 0.75% at 6,879 early on, as resource shares tracked commodity prices higher. German gross domestic product
Read moreAnglo American swings to annual loss after $3.9bn impairment charge
13th Feb 2015 07:30
The recent plunge in iron ore prices has prompted mining giant Anglo American to write-down the value of certain assets by $3.9bn, pushing the company into the red for the 2014 financial year. The company said it had delivered on all its major commitments last year such as operational performance, p
Read moreLondon pre-open: Stocks to rise as German growth accelerates
13th Feb 2015 06:55
Strong data from Germany is expected to give UK stocks a boost on Friday, while concerns about Greece and Ukraine continue to ease. City sources predict the FTSE 100 will open 28 points higher than Thursday's close of 6,828.11. German economic growth picked up to 0.7% in the fourth quarter of 2014
Read moreAnglo American's iron ore profits hammered by falling commodity prices
10th Feb 2015 07:59
Anglo American's part-owned South African iron ore division saw profits sink in 2014 as a result of a 28% drop in average prices over the year. Kumba Iron Ore, the fourth-largest producer of the commodity in the world, said the iron ore export price averaged just $97 per tonne, after sinking from $1
Read moreLondon close: Greek fears rattle stocks, but miners limit downside
9th Feb 2015 16:35
London's FTSE 100 had trimmed losses by the end of the session but still finished in the red as ongoing concerns about the future of Greece weighed on market sentiment. "Eurozone equities are being ground down by Greek fears, and financial stocks across the EU are bearing the brunt of the sell-off,"
Read moreSector movers: Mining stocks in demand despite worsening outlook for China
9th Feb 2015 14:46
Mining stocks were resilient in the face of some gloomy trade figures from top metals consumer China on Monday, as hopes increased for further stimulus measures by Beijing to avert a sharp slowdown in economic growth. The Chinese trade surplus unexpectedly ballooned to a record $60bn in January from
Read moreLondon midday: Miners limits downside, but stocks still lower on Greek woes
9th Feb 2015 12:07
UK stocks dropped on Monday morning but had erased some of their losses by lunchtime, as miners were supported by hopes of stimulus measures in China. The FTSE 100 was down 0.7% at 6,809 by midday, but had bounced after having fallen as much as 1% to an intraday low of 6,777.99 earlier on. Ongoing
Read moreLondon open: Stocks drop on Greek fears, but miners rise on Chinese stimulus hopes
9th Feb 2015 09:08
Mining stocks were shrugging off some gloomy economic data from China on Monday morning on hopes for further stimulus in Beijing, though the wider market was dragged into the red on the back of ongoing concerns about Greece. London's FTSE 100 was down 1% at 6,786 early on. Greek prime minister Alex
Read moreLondon pre-open: Greek concerns and Chinese trade data to weigh on stocks
9th Feb 2015 07:49
Ongoing concerns about Greece and a sharp plunge in imports in China were expected to weigh on UK stocks on Monday. City sources predict the FTSE 100 will open 35 points lower than Friday's close of 6,853.44. Standard & Poor's downgraded Greece's credit rating by one notch and warned of the country
Read morePlatinum strike hits Anglo American as Amplats' 2014 profits sink
9th Feb 2015 07:05
Anglo American has revealed that the contribution to underlying profits from its platinum division in South Africa plummeted 92% in 2014 as a result of an extended strike and lower metal prices. Anglo American Platinum, otherwise known as Amplats, is the biggest primary producer of platinum in the w
Read moreLondon open: BP leads stocks higher on Greek optimism, stronger commodities
3rd Feb 2015 09:11
UK stocks surged on Tuesday on the back of optimism surrounding Greece's proposed debt plan, while rising commodity prices gave resource shares a boost. Within the first hour of trade, the FTSE 100 was up 1.1% at 6,857, led by gains in the oil and mining sectors, with BP among the best performers af
Read moreBroker tips: Mining stocks, CRH, Barclays
2nd Feb 2015 11:38
The recent re-rating in mining stocks and weak commodity prices has prompted Liberum to downgrade its recommendations on sector giants BHP Billiton, Glencore, Anglo American and Rio Tinto. The broker lowered its ratings on all four from 'sell' to 'hold' and slashed target prices, saying that copper
Read moreLiberum downgrades mining stocks to 'sell', cuts copper forecasts
2nd Feb 2015 10:05
The recent re-rating in mining stocks and weak commodity prices has prompted Liberum to downgrade its recommendations on sector giants BHP Billiton, Glencore, Anglo American and Rio Tinto. The broker lowered its ratings on all four from 'sell' to 'hold' and slashed target prices, saying that copper
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