London open: Iraq tensions continue to pull stocks lower
16th Jun 2014 08:50
- Iraq tensions continue to push crude higher - Fed meeting in focus this week - Smith & Nephew falls as Medtronic buys Covidien techMARK 2,798.75 -0.58% FTSE 100 6,770.86 -0.10% FTSE 250 15,741.74 -0.46% UK stocks edged lower on Monday morning as ongoing tensions in Iraq continued to erode risk a
Read moreBroker tips: Anglo American, Petra Diamonds, Water stocks
13th Jun 2014 12:55
Credit Suisse has maintained a 'neutral' stance on Anglo American but has said that the potential wage settlement with employees at its platinum operations in South Africa would be a positive for the company after 20 weeks of strikes. However, the bank explained the importance of the offer, saying
Read morePotential wage deal good for Anglo but Credit Suisse still cautious
13th Jun 2014 12:13
Credit Suisse has maintained a 'neutral' stance on Anglo American but has said that the potential wage settlement with employees at its platinum operations in South Africa would be a positive for the company after 20 weeks of strikes. Partners Anglo (operating as Amplats), Lonmin and Impala on Thur
Read moreLondon close: FTSE closes modestly higher
12th Jun 2014 16:32
- FTSE closes up 4.24 higher at 6,843.11 - US data disappoints - Eurozone industrial production beats forecast techMARK 2,846.73 +0.21% FTSE 100 6,843.11 +0.06% FTSE 250 16,125.95 +0.24% London-listed stocks ended the day marginally higher, coming off this morning's lows, although the gains were l
Read moreFTSE 100 movers: ITV jumps on advertising speculation, broker comment
12th Jun 2014 14:53
ITV's share price was rising strongly following reports that it could benefit from a move by US media giant Omnicom to halt further spend on advertising with broadcasting peer Channel 5. Also pushing it higher was Goldman Sachs, which reiterated its 'buy' rating on the broadcaster and cut its targe
Read moreSector movers: Miners drop on growth concerns, but Lonmin jumps
12th Jun 2014 14:18
Mining stocks dropped sharply on Thursday as concerns about global growth eroded risk appetite amongst investors. The World Bank this week downgraded its outlook for the global economy, saying that developing countries are headed for a year of "disappointing growth", causing miners to decline on t
Read moreLondon midday: Stocks erase losses as media strength outweighs miners
12th Jun 2014 11:27
- Media stocks lead the rebound, ITV jumps - Mining stocks fall, Anglo downgraded - Eurozone industrial data beats forecasts - Iraq tensions keep risk appetite subdued techMARK 2,845.86 +0.18% FTSE 100 6,841.76 +0.04% FTSE 250 16,111.37 +0.15% A late-morning bounce pushed UK stocks into positive t
Read moreLondon open: Mining stocks pull FTSE 100 lower ahead of data
12th Jun 2014 08:25
- Profit taking continues as miners fall - Traders await global economic data - Broker downgrades hit blue chips techMARK 2,839.63 -0.04% FTSE 100 6,827.09 -0.17% FTSE 250 16,073.58 -0.09% UK stocks opened flat on Thursday morning as weakness in the mining sector held back any chances of a rebound
Read moreLondon close: SABMiller and US gains lift FTSE
10th Jun 2014 16:59
- FTSE closes down 1.45 points at 6,873.55 - Lift provided by US markets - SABMiller rises on takeover rumours techMARK 2,859.23 +0.07% FTSE 100 6,873.55 -0.02% FTSE 250 16,210.64 -0.05% Stocks were ultimately little changed from their opening level, although came off the lows seen mid-morning and
Read moreFTSE 100 movers: SABMiller rises on takeover speculation
10th Jun 2014 15:15
SABMiller surged to the top of the leaderboard this afternoon after the Financial Times reported "rumours" regarding a potential takeover. The paper cited analysts at Santander who last week highlighted "growing market chatter" about the possibility of a merger between SABMiller and Belgian-Brazilia
Read moreTalks between Lonmin, Amplats and strikers are dissolved
9th Jun 2014 20:30
Talks facilitated by the Minister of Mineral Resources have "unfortunately been dissolved without an outcome", was the message from Lonmin and Anglo American's part owned Anglo American Platinum (Amplats) on Monday. The discussions had been being held in a bid to resolve the platinum wage strike, w
Read morePwC says confidence returning to mining sector but dividends under threat
5th Jun 2014 11:49
- Dividends increased despite record write-downs - More cost-cutting required to maintain dividends - Rise of emerging markets trend to continue Dividend payouts rose from major mining companies last year despite record levels of impairments, according to a new report from PricewaterhouseCoopers,
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreFTSE 100 movers: Wolseley rises on strong Q3 sales
3rd Jun 2014 15:21
Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company M
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
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