Thursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreLondon close: FTSE closes higher as tensions ease, ARM leads
22nd Jul 2014 16:59
- FTSE closes 66.90 higher at 6,795.34 - Geopolitical tensions ease - UK factory orders slow in July techMARK 2,826.65 +0.92% FTSE 100 6,795.34 +0.99% FTSE 250 15,650.73 +1.06% It was a strong finish for London's top tier stocks on Tuesday, with the FTSE rising steadily after an initial jump early
Read moreFTSE 100 movers: ARM leads the charge after strong Q2
22nd Jul 2014 15:53
Chip designer ARM Holdings was a high riser as it delivered a confident outlook, hailing a "healthy pipeline of opportunities" after strong licensing results helped profits beat expectations in the second quarter. The tech group, which makes processors for smartphones and tablets, said pre-tax profi
Read moreSector movers: ARM lifts tech stocks, miners rise
22nd Jul 2014 15:28
A positive market reaction to quarterly results from ARM Holdings helped tech stocks jump on Tuesday, while a return of risk appetite lifted the miners. Chip designer ARM, which makes processors for smartphones and tablets, said pre-tax profit in the six months to June 30th rose 9% year-on-year to
Read moreLondon midday: UK stocks rise as risk appetite returns
22nd Jul 2014 12:12
- Mining stocks, ARM Holdings provide a lift - Royal Mail drops on disappointing parcel performance, Tesco pulls back - Gaza, Ukraine still in focus techMARK 2,816.77 +0.56% FTSE 100 6,782.04 +0.80% FTSE 250 15,592.23 +0.69% UK stocks rose strongly on Tuesday as a return of risk-on trading helped
Read moreLondon open: ARM Holdings, miners lead markets higher
22nd Jul 2014 09:02
- ARM beats forecasts with Q2 results - Mining stocks rise - Royal Mail slumps after warning on full-year revenue - Investors watching geopolitical developments closely techMARK 2,804.98 +0.14% FTSE 100 6,773.20 +0.67% FTSE 250 15,564.85 +0.51% Strong gains from ARM Holdings and some mining heavyw
Read moreLondon pre-open: Strong session in Asia to lift FTSE early on
22nd Jul 2014 07:45
Tracking gains seen in Asia overnight, UK stocks are expected to recover from yesterday's losses with a rise of around 25 points above yesterday's close of 6,728.44. Growing geopolitical tensions in both Russia and Gaza pushed both UK and US stocks into the red in yesterday's session. The continue
Read moreAnglo's iron ore division Kumba sees H1 profits drop
22nd Jul 2014 07:43
Anglo American has announced that the bulk of its iron ore division, which accounts for around half of group profits, saw earnings drop in the first half. The 69.7%-owned Kumba Iron Ore unit, a South African supplier of seaborne iron ore which is listed on the Johannesburg Stock Exchange, contribut
Read moreAmplats contributes $1m loss to Anglo American's H1 after platinum strike
21st Jul 2014 08:06
Anglo American Platinum (Amplats) contributed a $1m loss to the underlying earnings of its parent company in the first half, reflecting the five-month miners strike that crippled the industry in South Africa. UK-listed Anglo American said that Amplats would report a small underlying loss for the si
Read moreSunday newspaper round-up: BSkyB, FX inquiry, GlaxoSmithKline
20th Jul 2014 17:41
BSkyB is putting the final touches to a plan to buy its sister companies in Italy and Germany and will announce the takeovers in the next two weeks, the Sunday Times reported. The deals will boost Rupert Murdoch's effort to buy Time Warner in the US because BSkyB will pay more than €8bn for stakes i
Read moreFTSE 100 movers: ITV jumps as Liberty Global buys stake
17th Jul 2014 15:14
Shares in broadcaster ITV were up nearly 7% on Thursday afternoon after Liberty Global spent £481m buying a 6.4% stake in the group from BSkyB, sparking speculation that the US company could return with a bid for the whole company. While Liberty has said that the deal was "an opportunistic and attra
Read moreAnglo American output rises in second quarter
17th Jul 2014 08:13
Anglo American reported a rise in production of iron ore, copper, nickel, diamonds and export metallurgical coal in the second quarter. Kumba iron ore output increased 2% to 11.5m tonnes following a solid performance at the Sishen and Kolomela mines. Export metallurgical coal production was up 10
Read moreFTSE 100 movers: Meggitt leads risers on bid target rumours
16th Jul 2014 14:55
Aircraft parts maker Meggitt was the standout performer on the FTSE 100, up nearly 10% at 537p amid reports that the company is a potential bid target. The engineer, which makes parts for the Boeing 787 Dreamliner, is said to have attracted the attention of US group United Technologies. According t
Read moreLondon midday: Housebuilders fall as inflation data sparks rate-hike concerns
15th Jul 2014 12:03
- UK inflation jumps to 1.9% in June - Carney highlights housing concerns - German ZEW survey disappoints - Yellen, US data in focus later on techMARK 2,781.35 -0.46% FTSE 100 6,722.11 -0.36% FTSE 250 15,478.79 -0.64% Rate-hike speculation in the UK and disappointing economic data from Germany saw
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