London midday: Stocks edge higher despite weak Asian data
10th Mar 2014 11:40
- Mining stocks pare losses after Asian data - China registers surprise trade deficit - Japan GDP revised lower - Vodafone raising offer for Ono, reports say techMARK 2,863.88 +0.14% FTSE 100 6,724.00 +0.17% FTSE 250 16,590.48 +0.19% UK markets edged higher on Monday as bargain hunters stepped in
Read moreLondon open: Markets flat as miners fall after poor data from Asia
10th Mar 2014 08:17
- China registers surprise trade deficit, CPI eases - Japan GDP revised lower - Mining stocks limit upside for FTSE - Mondi upgraded to 'buy' by Citigroup techMARK 2,863.34 +0.12% FTSE 100 6,716.76 +0.06% FTSE 250 16,578.93 +0.12% UK markets opened broadly flat on Monday morning after a surprise t
Read moreLondon close: Ukraine concerns drive stocks firmly lower
7th Mar 2014 16:59
- FTSE closes down 76 points - Ukraine continues to dent confidence - Copper prices hit by China worries techMARK 2,859.92 -0.95% FTSE 100 6,712.67 -1.12% FTSE 250 16,559.45 -0.67% UK stocks ended the week on a sour note, dragged lower by concerns surrounding Ukraine and Russia, together with fall
Read moreCopper miners drag on Footsie
7th Mar 2014 15:24
The Footsie is moving lower despite the better-than-expected US jobs data released just an hour ago. Shares of copper miners such as Anglo American (-4.7%) and Antofagasta (-3.8%) are leading the way lower. Overnight Shanghai Chaori Solar defaulted on debt of $653,990 (390,000 pounds). That is a
Read moreFTSE 100 movers: Aviva rises after brokers hike target price
7th Mar 2014 14:33
Insurance group Aviva continued to rise after analysts at Barclays and JPMorgan lifted their price targets for the stock today. Yesterday saw the share price soar as investors celebrated a better-than-expected set of 2013 results after its turnaround under Chief Executive Mark Wilson delivered encou
Read moreLondon midday: Stocks pare losses as investors await US non-farm payrolls
7th Mar 2014 11:43
- Markets await non-farm payrolls - 150k gain expected by analysts, jobless rate to hold steady - Broker comments move stocks amid lack of earnings - Heavyweight miners fall techMARK 2,880.97 -0.22% FTSE 100 6,780.62 -0.12% FTSE 250 16,648.67 -0.14% UK markets had trimmed earlier losses by Friday
Read moreFTSE 100 movers: Aviva rises after 2013 results impress
6th Mar 2014 14:49
Shares in insurer Aviva soared after investors celebrated a better-than-expected set of 2013 results as its turnaround under Chief Executive Mark Wilson saw encouraging progress. Operating profits rose 6% year-on-year to £2,049m, some 3% ahead of the consensus estimate of £1,988m. Panmure Gordon w
Read moreFTSE 100 movers: Admiral climbs on profit jump, Melrose slumps
5th Mar 2014 14:26
Investors cheered an in-line set of full-year results from insurance giant Admiral, as the group increased profits by seven per cent despite revenues falling eight per cent. Randgold Resources rose after Nomura raised its target price from 4,600p to 6,000p and upgraded the stock to 'buy'. Nomura a
Read moreAnglo American appoints new South African Coal chief
5th Mar 2014 14:14
Mining giant Anglo American has appointed a new chief of its South African Coal business following Godfrey Gomwe's decision to retire. Themba Mkhwanazi, who is currently Rio Tinto's Regional General Manager for the Americas, has held a number of senior roles within the resources industry. Seamus
Read moreLonmin warns of likely sales miss after strike talks break down
5th Mar 2014 12:57
- Strike negotiations break down as parties 'too far apart' - Lonmin will not make its 2014 sales guidance - Lonmin has lost 90,000oz through the mine strikes Negotiations over mining strikes in South Africa have broken down between Lonmin and Anglo American's Anglo American Platinum (Amplats) and
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreLondon open: Stocks drop sharply as Ukraine tensions rise
3rd Mar 2014 08:14
- Ukrainian concerns escalate - US condemns Russian military move - Financials fall sharply - Precious metal miners track gold and silver prices higher techMARK 2,867.09 -1.30% FTSE 100 6,744.93 -0.95% FTSE 250 16,488.43 -1.42% UK stocks were sold off sharply on Monday morning on the back of the
Read moreLondon close: Miners drag FTSE into the red on concerns over China
25th Feb 2014 17:09
- Miners drag FTSE into red - Feb US consumer confidence falls - EU expects mild euro area recovery techMARK 2,903.08 -0.49% FTSE 100 6,830.50 -0.52% FTSE 250 16,527.88 -0.07% Stocks eased back from some of the session's earlier losses, but still ended the day on a downbeat note as miners weighed
Read moreFTSE 100 movers: CRH soars on 2014 outlook
25th Feb 2014 14:58
CRH climbed to the top of the leaderboard as it looked ahead to 2014, predicting it would be a year of profit growth. The gains came despite poor results in 2013, for which it blamed severe winter conditions and weaker trading in Europe. Comments from broker Jefferies, giving the stock a 'buy' ratin
Read moreLondon midday: Miners and fears about China provide drag
25th Feb 2014 11:30
- Concerns about China weigh heavy - Miners drag FTSE lower - Strong UK retail sales techMARK 2,897.56 -0.68% FTSE 100 6,806.47 -0.86% FTSE 250 16,467.74 -0.43% The FTSE was sitting firmly in the red by lunchtime today, falling back from yesterday's 14-year high as mining stocks dragged the index
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