Tuesday tips round-up: Iron ore miners, Aberdeen Asset Management
2nd Dec 2014 09:27
Iron ore miners may be facing much the same dilemma as OPEC is, when trying to force high-cost producers out of the market. Although plummeting crude prices may force some smaller tight oil producers to stop producing for a time, the well infrastructure and technology, once developed, will remain. I
Read moreLondon close: Shares drop amid falling oil prices and economic woe
1st Dec 2014 17:11
Falling oil prices and downbeat manufacturing data in continental Europe sent London shares into reverse on Monday. The price of a barrel of Brent crude leaked more than 10% and US light crude was off 11% just after the close in London as Middle East and US oil chiefs continued their stand-off over
Read moreLondon midday: UK stocks on track for two-week low as factory data disappoints
1st Dec 2014 11:28
UK stocks dropped on Monday and were set to close at their lowest level in over two weeks as disappointing economic data and weaker oil prices pushed shares in the resource sectors lower. Aberdeen Asset Management was a standout riser after impressing with its annual results, but oil producers and m
Read moreLondon open: Resource stocks drag FTSE 100 to lowest in over two weeks
1st Dec 2014 08:33
The UK stock market started the new week on the back foot after yet more disappointing economic data from China dampened sentiment, with shares in the mining and oil sectors falling sharply. The official purchasing managers index (PMI) for China came in below expectations at an eight-month low, addi
Read moreLondon pre-open: Weakness in Asia set to drag FTSE lower ahead of PMIs
1st Dec 2014 07:42
London-listed stocks are expected to get December off to a weak start, with City sources predicting the FTSE 100 will open around 40 points below Friday's close of 6,722.62. The anticipated drop will track losses in Asia overnight which came after the latest reading of the official purchasing manage
Read moreAsset manager Aberdeen hikes annual dividend as underlying profits rise
1st Dec 2014 07:12
Annual underlying profits at asset manager Aberdeen inched higher in the year to 30 September despite a "more challenging environment", as the company hiked its dividend by over a tenth and said that it may use a record increase in cash this year to fund share repurchases in 2015. Underlying pre-tax
Read moreMarket overview: US data boosts stocks
14th Nov 2014 09:14
1630:Close Shares of Aggreko led gains on the top flight index after pleasing investors with its trading update. Tesco and Sainsbury also did well, with the former having received an upgrade out of HSBC. Large gains were also to be seen in Petrofac and Aberdeen Asset Management. Boosting stocks on F
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreLondon open: UK stocks rise, but Lloyds and StanChart fall
28th Oct 2014 08:54
Despite some heavy falls from banking heavyweights Lloyds and Standard Chartered, UK stocks advanced on Tuesday morning as the FTSE 100 rebounded from a one-week low. London's benchmark index was up 0.6% at 6,404 in early deals, helped by decent gains from oil major BP. The Footsie closed at 6,363.
Read moreSector movers: Tensions in HK weigh on financials
6th Oct 2014 14:09
Financial stocks were the Achilles Heel of the market on the first day of the week following reports that the authorities in Hong Kong had used "brutal force", including tear-gas and pepper spray, to quell pro-democracy protesters in the ex-British colony. The protestors had gathered in Hong Kong to
Read moreSSE sells Hampshire data centre
1st Oct 2014 11:09
Energy company SSE has disposed of its Hampshire data centre to SCC in a deal worth an estimated £12m. The sale, which is part of SSE's broader value programme of planned disposals, has been made to enable the centre's operator, SSE Enterprise Telecoms, to focus on this fast growing networking busin
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreFTSE 100 movers: Petrofac shares lifted by Credit Suisse upgrade
29th Sep 2014 16:06
Credit Suisse drove Petrofac shares higher after upgrading the stock from 'neutral' to 'outperform', target 1,340p. However, analysts at Morgan Stanley wrote that the return of aggressive bidding by contractors as they seek more MENA work - given slowdowns elsewhere – may impact Petrofac's order int
Read moreLondon midday: StanChart and HSBC lower on Hong Kong protests
29th Sep 2014 11:36
London's blue chip stocks were holding slightly lower come midday ahead of the release of the latest figures on personal income and spending Stateside, as traders kept an eye on recent events in Hong Kong. That comes in what is expected to be a very busy week both at home and abroad in terms of econ
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