Anglo American completes sale of Amapá iron ore operation
4th Nov 2013 07:01
FTSE 100 mining giant Anglo American has completed the disposal of the Amapá iron ore operation in Brazil after receiving approval for the 134m-dollar sale. As previously announced, Anglo will also be paid up to a further $130m over a five-year period based on the price of iron ore, which will be
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreSector movers: Miners fall on concerns over China, Caterpillar
23rd Oct 2013 15:40
Mining stocks were out of favour on Wednesday after results from US equipment manufacturer Caterpillar disappointed and concerns over the Chinese economy weighed on sentiment. Gold, silver and copper prices were declining today amid increasing money-market rates in China after the central bank refr
Read moreMonday broker round-up UPDATE
21st Oct 2013 08:59
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform. Anglo American: Deutsche Bank reduces target price from 1830p to 1780p, while leaving its buy recommendation unchanged. BAE Systems: Citi increases target price from 360p to 460p and stays wi
Read moreLondon close: FTSE 100 hits one-month high
18th Oct 2013 17:02
UK stocks hit a one-month high on Friday on hopes of a near-term continuation of US stimulus, while data from China showed a pick-up in growth. The FTSE 100 broke through the 6,600 level today to finish at 6,622.58, up 46.42 points on the day. The last time the index closed higher was on September
Read moreFTSE 100 movers: Prudential rises on AIA readacross
18th Oct 2013 15:03
Life insurance and giant Prudential was a high riser on Friday after Asian peer AIA reported record quarterly results with new business up 26 per cent. "The insurance sector was also helped by reports that an EU capital requirement could be eased compared to the initial version sought by regulators,
Read moreLondon midday: Stocks rise on hopes over taper delays
18th Oct 2013 11:23
The FTSE 100 came close to a one-month high on Friday morning on hopes that the political uncertainty in Washington may prompt the Federal Reserve to continue with its stimulus measures for a little longer. Also helping sentiment this morning was Chinese gross domestic product which grew at a year-
Read moreLondon open: Stocks lifted by Chinese GDP, US stimulus hopes
18th Oct 2013 08:34
A pick-up in Chinese growth and speculation over a delayed tapering of US stimulus gave UK markets a boost on Friday morning with the FTSE 100 nearing a one-month high. The London index was trading near 6,600 in early trading today; it has not closed above this mark since September 19th when it end
Read moreLondon pre-open: FTSE to jump around 40 points in early trade
18th Oct 2013 07:46
City sources predict the FTSE 100 will open around 39 points higher than yesterday's close of 6,576.16, tracking Wall Street's S&P 500 higher after it last night hit a record high as investors evaluated what Wednesday's last-minute deal means for the economic outlook. It was reported in the Financ
Read moreAnglo American reports slump in iron-ore output in Q3
18th Oct 2013 07:04
- Iron ore output falls 24 per cent - Other production broadly higher across the group Diversified mining group Anglo American saw a sharp fall in iron-ore production in the third quarter, though output from its other smaller divisions was broadly higher year-on-year. The company said that product
Read moreBroker snap: HSBC upgrades Antofagasta, lifts copper prices
17th Oct 2013 14:02
HSBC has raised its recommendation for Chile-based copper mining group Antofagasta from 'neutral' to 'overweight' as it lifted its target price for the commodity. The bank reportedly raised its 2014 forecast for copper from $7,250 to $7,750 a metric tonne, saying that supply concerns have been "ove
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreLondon close: Stocks rise as debt talks continue in Washington
15th Oct 2013 16:45
Stocks finished at a three-week high on Tuesday on hopes that politicians Stateside can come to an agreement to avert a default with just two days to go before the government hits its borrowing limit. London's FTSE 100 benchmark index finished 41.46 points higher at 6,549; the last time it has clos
Read moreSector movers: Rio Tinto, Anglo American lead miners higher
15th Oct 2013 16:13
London-listed mining stocks were trading higher on Tuesday as risk appetite returned to the markets in hopes that US lawmakers can strike a deal over the debt ceiling. Rio Tinto was a high riser, up 4.2% at 3,214.5p, after enjoying a good third quarter of production, having produced and shipped a
Read moreFTSE 100 movers: Burberry bombs as CEO announces departure plans
15th Oct 2013 14:36
High-end luxury brand Burberry dropped today after the surprise exit of Chief Executive Officer (CEO) Angela Ahrendts and appointment of Chief Creative Officer Christopher Bailey. Ahrendts is to leave the company in mid-2014 and move to Apple to take up a newly created position. The news came as the
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