Sector movers: Anglo leads miners higher despite weak Chinese data
3rd Nov 2014 13:50
Mining stocks were making small gains on Monday despite some disappointing economic data from top metals consumer China. Anglo American was among the best performers on speculation that the former boss of Xstrata could bid for some its assets. The Chinese government's official manufacturing purchas
Read moreLondon midday: HSBC leads banks lower, as economic data comes in mixed
3rd Nov 2014 11:22
UK stocks pulled back from a four-week high on Monday morning after mixed global economic data and underwhelming results from banking heavyweight HSBC. After a positive start, the FTSE 100 had erased early gains and was trading 0.4% down at 6,521 by midday. The index closed at 6,546.47 on Friday, it
Read moreMonday broker round-up UPDATE
3rd Nov 2014 10:47
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation. Afren: UBS lowers target price from 130p to 115p, keeping a buy recommendation. Anglo American: Nomura reduces target price from 1550p to 1400p, while leaving its neutral rating unaltered. Barclays: Exane ups targe
Read moreLondon open: UK stocks fluctuate at four-week high on China data, HSBC results
3rd Nov 2014 08:19
UK stocks opened cautiously on Monday, with upside limited by disappointing economic data from China and poorly-received results from HSBC after the banking group reported a drop in underlying third-quarter profits. The FTSE 100 was 0.1% higher at 6,554 in early deals, after having closed Friday's s
Read moreLondon open: Miners drag UK stocks lower, but Barclays gains
30th Oct 2014 08:34
London's stock exchange opened more or less flat on Thursday as heavy falls from mining stocks and BT offset gains from Barclays and St James's Place. The FTSE 100 was trading 0.1% lower at 6,449 in early deals. The subdued start follows a weak performance on Wall Street overnight as investors reac
Read moreFTSE 100 movers: StanChart slides after third-quarter results disappoint
28th Oct 2014 14:46
Shares in banking group Standard Chartered dropped after the company reported a 16% decline in operating profit in the third quarter and said that full-year earnings would be lower than last year. Shares in banking counterpart Standard Chartered dropped after the company reported a 16% decline in op
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreFTSE 100 movers: Travel stocks lead following recent Ebola-related declines
27th Oct 2014 15:36
Travel stocks were among the best performers as investors continued to search for bargains after recent Ebola-related weakness in the sector. TUI Travel, Intercontinental Hotels, Carnival, IAG and Easyjet were putting in decent gains, with the latter two being helped by positive comments from Morgan
Read moreLondon midday: Stocks drop into the red after German data, ECB stress tests
27th Oct 2014 12:01
UK stocks had erased early gains by Monday lunchtime as ongoing concerns about Germany and the health of the wider Eurozone economy weighed on sentiment. The FTSE 100 was down 0.2% at 6,377 by midday, pulling back sharply after having touched an intraday high of 6,443.76 in early deals. News that G
Read moreLondon open: Stocks rise on stress-test results, but gains limited ahead of FOMC
27th Oct 2014 08:31
UK markets opened slightly higher on Monday morning, with sentiment boosted by the weekend's news that most European banks had passed recent 'stress tests'. The FTSE 100 was trading 0.1% higher at 6,396 within the opening hour, but had trimmed earlier gains which sent it to a high of 6,443.76. The
Read moreLondon pre-open: Stocks to open higher after positive stress-test result for British banks
27th Oct 2014 07:43
A positive start is on the cards for UK stocks after it was revealed that every British bank passed the Eurozone 'stress tests', although one in five European banks failed. City sources predict the FTSE 100 will open around 44 points higher than Friday's close of 6,388.73. "While 25 of the 130 bank
Read moreAnglo American delivers first ore on ship at Minas-Rio in Brazil
27th Oct 2014 07:17
Anglo American has reported the delivery of the first ore on ship (FOOS) from its Minas-Rio iron ore project in Brazil. The mining group announced on Monday that the first cargo of over 80,000 tonnes of ore had been loaded onto a ship at the port of Açu in Rio de Janeiro state. The vessel is current
Read moreLondon close: Ebola and downbeat Chinese housing data weigh on markets
24th Oct 2014 16:23
London shares ended Friday on a negative note amid fresh jitters about the Ebola virus and weak Chinese property data. The FTSE 100 Index closed 30.42 points adrift at 6388.73 as a New York doctor who recently returned from Ebola-hit Guinea in West Africa became the fourth case of the virus in the U
Read moreThursday broker round-up UPDATE
23rd Oct 2014 08:33
Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthnot: Numis raises target price from 1150p to 1300p upgrading from hold to add. British American Taba
Read moreLondon pre-open: FTSE to open lower ahead of European data
23rd Oct 2014 06:45
UK stocks are expected to track declines seen in the US overnight, with City sources predicting the FTSE 100 will open around 45 points lower than Wednesday's close of 6,399.73. Data out overnight revealed that the HSBC 'flash' purchasing managers' index (PMI) for Chinese manufacturing rose to 50.4
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