FTSE 100 movers: supermarkets, tobacco and mining stocks rebound
3rd Jun 2015 13:24
UK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors. As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960. Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel,
Read moreAntofagasta completes sale of water division
3rd Jun 2015 09:48
Copper mining group Antofagasta has completed the sale of its water business to Colombian group Empresas Públicas de Medellín. On 23 April, the Chile-based group announced it had reached a deal to sell Aguas de Antofagasta S.A. for $960m (£625.4m) and expected the transaction to be completed by the
Read moreFTSE 100 movers: British American Tobacco fizzles, metals miners strong
2nd Jun 2015 14:00
London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read moreSector Movers: Miners, foods retailers send London market lower
29th May 2015 15:47
London market slipped back into the red on Friday trading, with miners and food retailers bearing the brunt of the selloff. The FTSE 100 came in at 6984.43 down 0.80% or 56.49 points, as traders indulged in an end of the week profit taking spree as Thursday's gainers in the shape of bankable tobacco
Read moreFTSE 100 movers: Vodafone surges on merger speculation, miners rebound
20th May 2015 12:56
London stocks were trading slightly higher on Wednesday as strong performances from mining and telecommunications stocks outweighed weakness in the insurance and real estate sectors. As of 2:30 GMT, the FTSE 100 was trading 6.2 points higher at 7,0001. Vodafone led the risers, rebounding after Tues
Read moreAntofagasta cuts production guidance for 2015
20th May 2015 07:06
Chile-focused copper miner Antofagasta has scaled back its guidance for production this year by 15,000 tonnes. Antofagasta had hoped to mine 710,000 tonnes this year, but warned in March that the impact of protests in the first quarter at its Los Pelambres project had reduced production by 8,000 ton
Read moreFTSE 100 movers: Fresnillo surges on strong output guidance, financials lower
18th May 2015 12:34
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, financials delivered the biggest drag, while energy stocks and miners provided a welcome boost. As of 13:30, the FTSE 100 was trading flat, just 1 point higher at 6,961 points. Fresn
Read moreFTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
15th May 2015 12:28
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:
Read moreSector movers: Natural resources stocks weigh
15th May 2015 11:43
London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading. At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points
Read moreGlobal copper supply impingement 'severely underestimated', says Citi
12th May 2015 12:17
Missed copper production targets over the first quarter of the year suggest supply impingement has been underestimated, according to analysts at Citigroup. In a note to clients on Tuesday, Citi analysts David Wilson, Nell Agate and Ivan Szpakowski noted: "The full range of first quarter production m
Read moreMonday broker round-up
11th May 2015 15:36
RBS: Credit Suisse reiterates underperform and 320p target. GlaxoSmithKline: Deutsche reiterates hold and lowers target to 1,540p from 1,600p. HSBC: Exane BNP reiterates underperform and 600p target. Lloyds: Credit Suisse reiterates neutral and 72p target. Sage Group: Goldman Sachs reiterates neu
Read moreFTSE 100 movers: Sainsbury plummets on first loss in decade, miners lower
6th May 2015 13:24
Sainsbury's led the fallers after swinging to its first annual loss in a decade, though results still came in ahead of analysts' expectations. The grocer reported a pre-tax of £72m for the year ended March, compared with a £898m profit previously, prompting it to slash it full-year dividend by 23.7%
Read moreFTSE 100 movers: Lloyds surges on strong first quarter profits, property stock lower
1st May 2015 13:10
Lloyds Banking Group topped the risers after delivering a bigger-than-forecast 21% jump in underlying profits in the first quarter, as impairment charges more than halved. The UK lender also lifted its net interest margin guidance for the full year and improved its capital position. Stimulus hopes w
Read moreThursday broker round-up
30th Apr 2015 18:01
Schroders: Credit Suisse reiterates outperform and 2,770p target price. Tesco: UBS restarts coverage at buy with 260p target. Pearson: Westhouse Securities reiterates sell and 1,185p target price. RBS: Shore Capital reiterates hold, Numis reiterates add (with 400p target), Investec reiterates hold
Read moreLondon close: Stocks retreat further from record on weak US data, Greece
29th Apr 2015 16:30
Stocks dropped sharply again on Wednesday as gloomy US economic data and ongoing uncertainty in Greece hammered sentiment. London's FTSE 100 finished 1.2% lower at 6,946.28, with investors extra cautious ahead of a policy statement at the Federal Reserve after the close. This was the second straigh
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