FTSE 100 movers: Miners hit by weak data, but Babcock and Johnson Matthey jump
20th Nov 2014 14:00
Mining stocks were suffering steep losses on Thursday as a wave of disappointing economic data prompted investors to scale back their appetite for risk. Figures from top metals consumer China in particular were weighing on sentiment, as its manufacturing sector stagnated in November. Rio Tinto, Angl
Read moreLondon close: Upbeat company and economic news buoys stocks
18th Nov 2014 17:06
London shares closed comfortably in positive territory on Tuesday on upbeat economic news and strong corporate results. The FTSE 100 Index closed 37.16 points ahead at 6709.13 as UK house prices reached a new high in September, according to data from the Office of National Statistics (ONS). The ONS
Read moreSector movers: Oil and mining stocks track commodities lower, Brent drops
11th Nov 2014 13:59
A sell-off across the commodities market on Tuesday meant that the oil and mining sectors were the worst performers on London's stock market, as falling crude and metal prices prompted concerns about companies' bottom lines. Stocks such as Tullow Oil, BG Group, Afren, Premier Oil, Shell and BP were
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLondon midday: Mining stocks push FTSE 100 to five-week high, Serco drops
10th Nov 2014 11:27
UK stocks started the new trading week on the front foot with mining shares resilient despite some mixed economic data from China overnight. However, Serco was the standout mover with the FTSE 250 outsourcing stock losing as much as a third of its value after a profit warning and proposed rights iss
Read moreLondon open: Miners lift UK stocks higher, but Serco plummets
10th Nov 2014 08:33
UK stocks advanced on Monday morning, led by decent gains in the heavyweight mining sector despite some mixed trade figures from China. The FTSE 100 was up 0.4% at 6,594 in early deals after closing Friday's session at 6,567.24, its highest finish since 6 October. However, gains on the FTSE 250 were
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreSector movers: Mining stocks track commodity prices lower on stronger US dollar
5th Nov 2014 14:14
Mining stocks missed out on the wider equity-market rally on Wednesday as commodity prices declined on the back of a stronger dollar, following upbeat US economic data and a Republican victory in the mid-term elections. Precious-metal miners such as Fresnillo, Petropavlovsk, African Barrick Gold and
Read moreAntofagasta to acquire rest of Duluth Metals
3rd Nov 2014 13:51
Antofagasta's wholly-owned investment company subsidiary has agreed to acquire the rest of Duluth Metals, the miner's joint venture partner in Twin Metals Minnesota. The FTSE 100 company, which currently holds 14.2m shares in Duluth, will pay C$0.45 per Duluth share, equal to a total consideration o
Read moreLondon open: UK stocks fluctuate at four-week high on China data, HSBC results
3rd Nov 2014 08:19
UK stocks opened cautiously on Monday, with upside limited by disappointing economic data from China and poorly-received results from HSBC after the banking group reported a drop in underlying third-quarter profits. The FTSE 100 was 0.1% higher at 6,554 in early deals, after having closed Friday's s
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreLondon open: Miners drag UK stocks lower, but Barclays gains
30th Oct 2014 08:34
London's stock exchange opened more or less flat on Thursday as heavy falls from mining stocks and BT offset gains from Barclays and St James's Place. The FTSE 100 was trading 0.1% lower at 6,449 in early deals. The subdued start follows a weak performance on Wall Street overnight as investors reac
Read moreAntofagasta reports 5% fall in third quarter production
29th Oct 2014 07:49
Antofagasta has reported a 5% fall in production for the third quarter to 169,200 tonnes, mainly as a result of lower throughput at Los Pelambres and Centinela. Output of Copper was down 3.9% in the first nine months of the year, primarily due to lower grades. Gold production actually fell 3.4% to
Read moreWednesday preview: Federal Reserve policy decision, Next and Antofagasta report
28th Oct 2014 15:51
The Federal Reserve is expected to announce on Wednesday the end of its bond purchase programme as part of its latest policy decision. The US central bank is also forecast to keep interest rates unchanged at 0.25%. "I think any major surprises tomorrow is very unlikely simply because there is no pr
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