Antofagasta cuts copper guidance after water issues dampen Q1
29th Apr 2015 07:22
Chile-focused copper miner Antofagasta has scaled back its production guidance for 2015 after first-quarter output was affected by numerous water issues at its Los Pelambres and Centinela projects. The company said it expects to mine 15,000 tonnes less than its original forecast of 710,000 tonnes.
Read moreFTSE 100 movers: HSBC rockets on domicile review, Astra hit by heartburn rival
24th Apr 2015 13:19
HSBC topped the risers as it launched a review of its UK domicile in light of the changing regulatory landscape. Some media commentators suggested the announcement, carefully timed ahead of the general election, was politically motivated. After receiving some takeover interest in one of its division
Read moreSector movers: Miners in demand as weak China data lifts stimulus hopes
23rd Apr 2015 15:53
It was a case of bad data being good news for the mining sector on Thursday as stocks surged on hopes for further stimulus in China. A HSBC survey said the Chinese manufacturing purchasing managers' index fell from 49.6 to a one-year low of 49.2, surprising analysts who had expected no change. Econ
Read moreLondon close: Chinese stimulus lifts stocks despite ongoing Greek uncertainty
20th Apr 2015 16:35
Stocks rebounded on Monday after as measures by policymakers in China to boost bank lending helped to repair sentiment after recent losses, despite ongoing uncertainty in Greece. London's FTSE 100 finished the session 0.82% higher at 7,052.13, with mining stocks leading the rise on increased hopes f
Read moreLondon midday: Chinese stimulus boosts miners, IHG gains
20th Apr 2015 11:26
Stimulus measures to spur bank lending in China gave UK stock markets a boost on Monday morning, with mining shares leading the charge after a sell-off the previous session. London's FTSE 100 was up 0.7% at 7,041.74 by midday, pulling back after hitting a high of 7,067.84 early on. The index droppe
Read moreLondon close: Stocks drop 0.9% in volatile session amid Greek worries
17th Apr 2015 16:38
UK stocks dropped sharply on Friday with the FTSE 100 finishing below the 7,000 level for the first time in seven sessions, after a terminal blackout and changes in Chinese trading regulations. After a positive start, the Footsie ended 65.82 points lower (-0.93%) at 6,994.63, its lowest finish since
Read moreSector movers: Greek concerns and heightened UK political risk dent market confidence
17th Apr 2015 14:32
Persistent concerns over Greece defaulting on its sovereign debt obligations and heightened UK political risk dented market confidence as the FTSE 100 slipped below the 7,000 mark and firmly into the red. At 15:14 BST on Friday, the blue chip index was trading down 1.02%, or 71.83 points, at 6,988.6
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreFTSE 100 movers: Miners hit by sector-wide downgrades
13th Apr 2015 14:08
Citigroup downgraded its stance on the mining sector on Monday to 'neutral' from 'bullish', saying that upside is "now capped" by weaker iron ore prices. Citigroup now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016. Consequentially, the bank lowered its ratings on BHP Bill
Read moreThursday broker round-up
9th Apr 2015 11:58
Marks&Spencer: Cannacord Genuity reiterates hold and tweaks price target to 530p from 525p. Antofagasta: Credit Suisse reiterates neutral stance with a 710p target. BG Group: Citigroup reiterates buy and lifts target to 1,332p. Robert Walters: Credit Suisse reiterates outperform and improves targe
Read moreLondon open: Miners fall, but UK markets track US and Hong Kong stocks higher
9th Apr 2015 08:57
UK stocks advanced on Thursday morning following a decent performance on Wall Street and Hong Kong indices overnight. Reports that Greece will meet Thursday's deadline to pay back a €450m loan payment to the International Monetary Fund were also helping sentiment. "The payment has been scheduled and
Read moreLondon close: FTSE jumps 1.9% as markets rally after Easter break
7th Apr 2015 17:06
London's FTSE 100 posted a triple-digit point gain on Tuesday as traders returned to their desks in a bullish mood after the long Easter weekend. Buoyed by the recent jump in crude prices, improving economic data and speculation that the Federal Reserve will not rush to hike interest rates, the Foot
Read moreFTSE 100 movers: BG Group leads the charge as resource stocks jump
7th Apr 2015 16:05
Resource stocks were the best performers in London on Tuesday afternoon as risk appetite returned after the long weekend, with BG Group leading the charge after buying a 78% stake in blocks IV and V in central Mongolia from Petro Matad. Meanwhile, after a four-day break on the stock market for Easte
Read moreSector Movers: Mining, oil stocks recover from pre-Easter slump
7th Apr 2015 12:51
Natural resources shares led the London market with mining companies reversing pre-Easter declines in the first day of trading after the festive period. At 15:55 BST on Tuesday, the FTSE 100 was trading up 1.93% or 131.79 points at 6965.25. Mining companies lifted the market, being among the best pe
Read moreTuesday broker round-up
7th Apr 2015 11:59
Antofagasta: Jefferies reiterates buy. GlaxoSmithKline: Credit Suisse reiterates underperform and 1440p target. Micro Focus Intl.: Numis reiterates add and ups target price to 1,310p from 1,240p. Rockhopper Exploration: Canaccord Genuity starts coverage at buy and raises target to 190p from 180p.
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