Tuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreSector movers: Mining stocks rebound after recent drop
13th Oct 2014 13:33
UK-listed mining stocks, which bore the brunt of the recent market sell-off, jumped by an average of 3% on Monday as strong economic data from China prompted investors to hunt for bargains. The FTSE 350 mining sector had by Friday's close fallen by 19% since the end of July as anxieties about slowin
Read moreLondon close: Shares near year-lows as economic woes weigh
10th Oct 2014 15:59
The London market moved closer to year-lows on Friday as crude and metal prices fell amid fears of a renewed global economic downturn. The FTSE 100 Index closed 91.88 points down at 6339.97, slightly above its 2014 low of 6,328, as traders reflected on a week of negative European economic data. The
Read moreSector movers: Cyclicals slump, defensives rise as risk appetite wanes
10th Oct 2014 14:06
Cyclical sectors such as mining and oil services were bearing the brunt of the market sell-off on Friday as fears about a global economic slowdown prompted investors to scale back risk appetite. Mining heavyweights such as Antofagasta, Glencore, Fresnillo and BHP Billiton were all under pressure as
Read moreLondon midday: UK stocks on track for lowest close in over a year
10th Oct 2014 11:38
UK stocks dropped sharply on Friday as fears about the global economy and the Ebola crisis continued to weigh heavily on market sentiment. After closing at its lowest level of the year on Thursday, the FTSE 100 was down a further 1.4% at 6,345 by Friday lunchtime as travel, leisure and mining stocks
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreLondon midday: Mining gains offset by falls from airline, healthcare stocks
7th Oct 2014 11:36
Poor economic data was weighing on UK stocks on Tuesday, with decent gains in the mining sector offset by falls from airlines and pharmaceuticals. The FTSE 100 was trading 0.6% lower at 6,522 by around midday. Nervousness ahead of the start of third-quarter earnings season in the States was also ca
Read moreTuesday broker round-up UPDATE
7th Oct 2014 09:45
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
Read moreLondon open: UK stocks drop despite mining gains
7th Oct 2014 08:27
Strong gains in the UK mining sector weren't enough to keep London's FTSE 100 from slipping into the red on Tuesday morning. Indices across Europe were tracking a weak finish on Wall Street and a mixed performance on Asian markets overnight. The FTSE 100 was trading 0.6% lower at 6,526 within the o
Read moreLondon close: FTSE ends on a high after US employment figures deliver suprise
3rd Oct 2014 16:38
It was a positive finish to the week for the FTSE, as stocks rebounded from four straight days of declines as US employment data beats expectations. The FTSE 100 closed 81.52 points higher at 6,527.91, a drop of 123.25 on the week. US non-farm payrolls rose to beat forecasts and the jobless rate fe
Read moreFTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreLondon open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
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