Baronsmead Chairman reduces interest
24th Feb 2014 16:02
The Chairman of Baronsmead VCT, Peter Lawrence, has had his interest in the venture capitalist trust reduced following sales made by two people connected to him. Michael Lawrence traded in 35,470 shares, while Louise Lawrence sold off 46,384 shares, generating a combined £58,526. The shares were s
Read moreFTSE 100 movers: BAE slides on possible profit drop
20th Feb 2014 15:38
Military hardware manufacturer BAE Systems slumped despite reporting a three per cent increase in operating profits to 1.9bn pounds for 2013, after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending. Mining stocks Anglo American, Glencore Xstra
Read moreLondon midday: Chinese data hits miners, BAE and Rexam drop
20th Feb 2014 11:35
- Markets pare early losses but still trading lower - Weak Chinese data weighs on mining stocks - FOMC minutes prompt rate hike fears - BAE, Rexam fall sharply after 2013 results techMARK 2,861.08 -0.50% FTSE 100 6,777.54 -0.28% FTSE 250 16,246.72 -0.62% UK markets were trading in the red on Thurs
Read moreLondon open: BAE, Rexam lead markets lower early on
20th Feb 2014 09:04
- BAE and Rexam disappoint with guidance - Mining stocks fall after Chinese manufacturing data - FOMC minutes in focus techMARK 2,849.73 -0.90% FTSE 100 6,750.47 -0.68% FTSE 250 16,220.96 -0.77% UK stocks fell on Thursday morning, tracking losses on US and Asian markets, with heavy losses from blu
Read moreThursday broker round-up UPDATE
20th Feb 2014 08:49
Anglo American: Jefferies increases target price from 1450p to 1700p maintaining a neutral rating. BHP Billiton: Jefferies takes target price from 2300p to 2400p and stays with its buy recommendation. Big Yellow Group: Jefferies raises target price from 540p to 618p and retains a buy recommendatio
Read moreSouth African mine strike reportedly costing producers 4.4bn ZAR to date
19th Feb 2014 15:53
The long-running strike at South Africa's Anglo American Platinum (Amplats), Impala Platinum and Lonmin mines has cost the trio 4.4bn ZAR in revenue, according to reports. Wages forfeited by the 70,000 miners who downed tools on January 23rd totalled $1.9bn ZAR, Bloomberg said, citing a statement f
Read moreBroker tips: HSBC, Glencore Xstrata, M&S, Anglo American
19th Feb 2014 12:13
Deutsche Bank has reiterated its 'hold' recommendation for banking giant HSBC ahead of its annual results next Monday, saying that these figures are 'much more important than usual'. The target price for the stock has been reduced slightly from 710p to 700p to reflect recent changes in the dollar-st
Read moreExane says risk/reward at Anglo 'balanced' after recent run
19th Feb 2014 11:39
Exane BNP Paribas has lifted its target price for Anglo American from 1,600p to 1,650p after a better-than-expected set of annual results from the mining giant on Tuesday. However, the broker kept a 'neutral' rating on the stock, saying that the risk/reward is now "balanced" after its recent strong
Read moreLondon close: FTSE ends on a high after data-heavy session
18th Feb 2014 16:21
- FTSE reverses early declines to finish up 60 points - Banks lifted by UK inflation data - Anglo American lifted by UBS note techMARK 2,881.97 +0.86% FTSE 100 6,796.43 +0.90% FTSE 250 16,342.07 +0.60% Stocks reversed this morning's slight decline to end the session firmly higher, buoyed by a stro
Read moreSome Anglo-American units in South Africa could be a fit for Glencore
17th Feb 2014 17:32
Market speculation continues to surround big miner Glencore Xstrata's intentions after its decision to list its shares in Johannesburg last November. Glencore, which is the world's biggest listed commodities supplier, has been touted as a potential suitor for Anglo-American, a name inextricably li
Read moreBroker tips: RSA, Randgold Resources, Anglo American
17th Feb 2014 14:10
Gold miner Randgold Resources' latest full year results showed a decrease in earnings per share when compared to the year ago period. Management, however, was nevertheless able to compensate for the falling gold price via increased output, those same figires showed. That trend looked set to continu
Read moreCredit Suisse ups Anglo American to 'outperform'
17th Feb 2014 11:47
New management's efforts to restructure Anglo American are starting to bear fruit. Thus, there are indications of improved operational performance at the company and a major restructuring of management is underway throughout the organisation, analysts at Credit Suisse wrote on Monday. As a result
Read moreMonday broker round-up UPDATE
17th Feb 2014 08:23
Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept. Anglo American: Deutsche Bank cuts target price from 1500p to 1460p, while leaving its hold recommendation unchanged. Credit Suisse raises target price from 1650p to 1900p upgrading
Read moreUK stocks push higher after Eurozone GDP as miners gain
14th Feb 2014 11:39
- Eurozone GDP beats forecasts in Q4 - Miners surge as metal prices gain - Retailers, financials, Coca-Cola HBC lead the fallers techMARK 2,827.29 +0.12% FTSE 100 6,662.15 +0.04% FTSE 250 16,102.29 +0.45% A better-than-expected pick-up in Eurozone economic growth gave UK stocks a small boost on Fr
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
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