FTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
2nd Jun 2014 15:05
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreLondon open: Chinese data gives UK mining stocks a boost
2nd Jun 2014 08:58
- Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appeti
Read moreLondon close: Miners drag FTSE to negative finish
30th May 2014 16:59
- FTSE closes down 26.78 points at 6,844.51 - Fenner, miners provide drag - UK consumer confidence out of the red techMARK 2,812.27 +0.10% FTSE 100 6,844.51 -0.39% FTSE 250 16,010.25 +0.35% Miners dragged the FTSE to a negative finish in today's session, following what one analyst described as a
Read moreFTSE 100 movers: Miners slide on iron ore and China concerns
30th May 2014 15:41
Mining stocks were trading firmly in the red as iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record. Meanwhile, concerns about a slowdown in China were also having an impact on stocks, as well as a profit warning from FTSE 250-listed Fenner,
Read moreSector movers: Miners drop on falling metals prices and China concerns
30th May 2014 14:14
Mining stocks were leading the fallers on Friday on the back of a slump in commodity prices and concerns over a slowdown in China. Iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record, due to rising supplies from Australia and Brazil. Iron o
Read moreLondon midday: Miners pull UK markets lower, but Smith & Nephew rises
30th May 2014 11:34
- Mining stocks lower on iron ore, China concerns - Fenner issues profit warning - M&A continues to boost Smith & Nephew techMARK 2,820.23 +0.39% FTSE 100 6,860.62 -0.16% FTSE 250 16,039.31 +0.53% Weakness in the mining sector dragged the UK stock market from a two-week high on Friday, despite M&A
Read moreLondon open: UK stocks fall from two-week high as miners slip
30th May 2014 08:20
- Mining stocks provide a drag on iron ore price decline - Fenner plummets after profit warning - Economic data comes in mixed techMARK 2,810.65 +0.04% FTSE 100 6,858.36 -0.19% FTSE 250 15,975.00 +0.13% UK stocks slipped on Friday morning, pulling back from a two-week high after three straight day
Read moreLondon close: Investors tread carefully ahead of record highs
28th May 2014 17:18
- Eurozone money supply weak, German unemployment rises - Markets cautious after recent highs - LSE leads financials higher - GSK to be investigated by UK fraud body techMARK 2,799.81 +0.48% FTSE 100 6,851.22 +0.09% FTSE 250 15,935.43 +0.58% UK stocks ended slightly higher after trading in a narr
Read moreFTSE 100 movers: SABMiller retreats on profit taking after strong results
23rd May 2014 15:41
SABMiller retreated following yesterday's strong rise, which came on the back of a strong set of annual results. The group posted a 2% rise in adjusted pre-tax profit to $5,712, while the dividend was increase to 105 cents, up from 101 cents a year earlier. Sector peer Diageo tracked the stock lo
Read moreLonmin, Amplats and Impala in mediation with mining union over strikes
23rd May 2014 11:23
Platinum producers Anglo American Platinum (Amplats), Impala Platinum and Lonmin on Friday collectively announced that facilitated mediation with the Association of Mineworkers and Construction Union (AMCU) is continuing under the supervision of the Labour Court. The companies and AMCU "welcomed t
Read moreRSA Insurance UK Chief reduces holding ahead of departure
21st May 2014 16:04
Adrian Brown, the outgoing Chief Executive Officer of RSA Insurance's UK & Western Europe business has reduced his stake in the group after his wife, Sara, disposed of 180,000 shares. The shares were traded in at 491.32p each for a total of £884,376. The transaction comes one month after the di
Read moreLondon open: AstraZeneca leads markets lower as shares sink
19th May 2014 08:33
- AstraZeneca drops sharply after rejecting Pfizer offer - Banking, mining stocks fall - China property concerns weigh on sentiment techMARK 2,714.40 -1.13% FTSE 100 6,823.23 -0.48% FTSE 250 15,475.65 +0.50% UK stocks fell on Monday morning with AstraZeneca leading the decline after rejecting a fi
Read moreCredit Suisse downgrades Anglo American ahead of 'higher risk phase'
15th May 2014 13:06
Credit Suisse has cut its rating for Anglo American from 'outperform' to 'neutral', saying that the mining company is now moving into a 'higher risk phase'. The bank upgraded the stock at the start of the year, driven by increased confidence in the targeted cost savings and the potential for the co
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
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