Friday broker round-up UPDATE
25th Apr 2014 09:19
African Barrick Gold: Deutsche Bank lowers target price from 310p to 300p maintaining a buy recommendation. Anglo American: Deutsche Bank cuts target price from 1530p to 1510p and reiterates a hold recommendation. ASOS: Deutsche Bank upgrades to buy with a target price of 5800p. Astra Zeneca: Deu
Read moreLonmin and partners urge union to accept offer as strike continues
25th Apr 2014 07:37
South African platinum miners Anglo American Platinum (Amplats), Impala Platinum (Implats) and Lonmin have urged trade unions to take up their settlement offer for employees in an effort to bring an end to the three-month strikes that have 'crippled' the sector. The three companies said that no res
Read moreFTSE 100 movers: AstraZeneca leads after revenue beats expectations
24th Apr 2014 14:33
AstraZeneca rose on the back of better-than-expected revenue growth of three per cent in the first quarter, driven by the pharmaceutical company's diabetes franchise. Shares were up despite earnings falling more than expected. AstraZeneca's share price surged earlier this week on speculation it coul
Read moreLondon midday: Stocks at seven-week high as earnings impress
24th Apr 2014 12:07
- FTSE 100 at highest since March 6th - Apple, Facebook surge after the closing bell - AstraZeneca, Anglo American gain after updates techMARK 2,769.72 +1.01% FTSE 100 6,721.42 +0.70% FTSE 250 16,066.89 +0.48% The FTSE 100 was trading at a seven-week high on Thursday morning as stellar results fro
Read moreInvestec retains hold stance on Anglo American
24th Apr 2014 10:09
Broker Investec retained its 'hold' recommendation on Anglo American even though some of the miner's first quarter production figures were below its expectations. Iron ore was in line, copper a "little light" compared to expectations, diamonds also light due to production problems but with full ye
Read moreLondon open: FTSE 100 rises after results from Apple, Facebook
24th Apr 2014 08:31
- Apple, Facebook lift sentiment after results - FTSE 100 at highest since March 7th - Miners Anglo, ABG and Centamin rise techMARK 2,762.55 +0.74% FTSE 100 6,708.61 +0.51% FTSE 250 16,070.47 +0.51% Forecast-beating quarterly results from Wall Street heavyweights Apple and Facebook fed through to
Read moreAnglo American rises on first quarter production beat
24th Apr 2014 07:20
- Kumba iron ore production up 10 per cent - Metallurgical coal up 31 per cent - Nickel up 48 per cent - Platinum down 39 per cent after miner strikes - Copper up 18 per cent - Diamonds up 18 per cent FTSE 100 diversified miner Anglo American impressed with production increases well ahead of expect
Read moreLondon close: FTSE closes in positive territory, pharma stocks lead
22nd Apr 2014 16:15
- FTSE closes up 56.51 points at 6,681.76 - Easter weekend retail sales disappoint - Monthly US existing home sales down 0.4 per cent techMARK 2,738.48 +2.18% FTSE 100 6,681.76 +0.85% FTSE 250 16,082.24 +1.10% The FTSE 100 closed on an upbeat note today, having touched 6,700 earlier in the sessio
Read moreFTSE 100 movers: AstraZeneca surges on takeover speculation
22nd Apr 2014 14:37
AstraZeneca was rising strongly on speculation that Pfizer could make a takeover approach for the company, in a transaction valued in the region of 60bn pounds, representing the biggest deal ever in the industry's history and the largest foreign takeover of a UK business on record. While AstraZene
Read moreLondon midday: Pharma deals lift stocks as FTSE 100 nears 6,700
22nd Apr 2014 11:36
- FTSE 100 at highest since April 4th - Astra jumps on Pfizer takeover speculation - GSK announces massive three-part deal with Novartis techMARK 2,741.04 +2.28% FTSE 100 6,691.88 +1.01% FTSE 250 16,103.19 +1.23% Heightened M&A activity in the pharmaceutical sector gave UK markets a boost on Tues
Read moreFTSE 100 movers: Royal Mail leads risers, miners slide lower
15th Apr 2014 14:00
Royal Mail shares were in the top spot in today's session, as investors await to hear the government's decision on whether to sell the remaining 30 per cent stake in the group now that the lock-up period has expired. According to the BBC, senior Tories are firmly in favour of a sale. Defensive stoc
Read moreSector movers: Rio Tinto leads miners lower amid weak data from China
15th Apr 2014 14:00
Mining stocks were out of favour on Tuesday on the back of rising concerns about a slowdown in China, falling metal prices and a poor reaction to production figures at sector heavyweight Rio Tinto. A measure of new credit in China declined by almost a fifth in March, figures from the People's Bank
Read moreWalker Crips directors top up holdings
9th Apr 2014 16:00
Board members at Walker Crips, the investment management group, this week purchased a round of shares worth a total of 66,540 pounds. At 46,553, Independent Director Robert Elliott bought the highest number of shares, for a total spend of £20,018. Group Managing Director Sean Lam, Chief Executiv
Read moreAnglo American completes sale of Tarmac Building Products
9th Apr 2014 14:05
Mining behemoth Anglo American has completed the sale of Tarmac Building Products to Lafarge Tarmac after receiving regulatory approval. The completion comes after the group said back in November that it had reached a deal on the sale to Lafarge, which is a 50/50 joint venture between it and Anglo
Read moreLondon open: Sports Direct leads markets lower, Ukraine tensions weigh
8th Apr 2014 08:31
- Ukraine tensions running high - Wall Street sell-off continues ahead of Q1 earnings - BoJ holds steady despite tax hike - Sports Direct slumps, miners gain techMARK 2,725.79 -0.16% FTSE 100 6,609.27 -0.20% FTSE 250 16,217.75 -0.28% Growing tensions in Ukraine pushed UK stocks lower on Tuesday mo
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