FTSE 100 movers: ABF lifted by JPMorgan rating
26th Aug 2014 16:37
Associated British Foods was a top performer on Tuesday after JPMorgan Chase & Co. reiterated its 'overweight' rating on the stock. RSA was higher after Bank of America gave the stock a 'buy' recommendation, up from its previous rating of 'neutral', prompted by a cleaner balance sheet and better m
Read moreBroker tips: Telecity, Stagecoach, Antofagasta
26th Aug 2014 13:43
Telecity's shares slumped on Tuesday after announcing the departure of chief executive Michael Tobin who has been with the company for more than 10 years. Tobin will leave in October following a handover period on 31 October. It comes shortly after Eric Hageman was appointed chief financial officer
Read moreInvestec reiterates 'sell' on miner Antofagasta
26th Aug 2014 13:34
Despite largely in-line operating profits from Chilean copper miner Antofagasta broker Investec has reiterated its 'sell' recommendation on the shares of the company. In particular, analyst Marc Elliot highlights the fact the company has capital programmes ahead. Together with volatile commodity p
Read moreLondon midday: Footsie plays catch-up with global equities
26th Aug 2014 12:29
- Footsie plays catch-up with global equities - Pricing of first Fed rate hike barely altered - Antofagasta misses EPS forecasts techMARK 2,821.69 -0.05% FTSE 100 6,797.20 +0.32% FTSE 250 15,917.25 +0.23% London's blue chips registered slight gains on Tuesday as they caught up with overnight gains
Read moreAntofagasta profits fall as production slows down - UPDATE
26th Aug 2014 12:08
Antofagasta, the Chilean copper producer, saw its profit before tax for the period ended 30 June fall from $981m to $850.7m due to lower copper output, prices and higher than expected taxes in Chile. Sales were down 4.2% to $2.66bn, while earnings before interest, taxes, depreciation and amortizati
Read moreLondon open: Rate-hike speculation, China data limits upside early on
21st Aug 2014 08:57
- MPC, FOMC minutes reveal hawkish stance - Chinese manufacturing data weakens - Long list of economic figures due out techMARK 2,804.30 +0.27% FTSE 100 6,763.16 +0.11% FTSE 250 15,756.32 +0.05% UK stocks saw a subdued start on Thursday as investors continued to digest rate-hike speculation follow
Read moreAntofagasta appoints new CEO as chairman takes non-exec role
20th Aug 2014 07:48
Mining giant Antofagasta has promoted mining division chief Diego Hernández as its new chief executive officer (CEO) and announced its executive chairman is set to take step back from operations. Hernández joined the company as CEO of the firm's mining division, Antofagasta Minerals, in 2012. He jo
Read moreSector movers: Mining stocks lead rebound as risk appetite returns
11th Aug 2014 14:59
Mining stocks were making gains in London on Monday as risk appetite returned after UK equities fell to a four-month low last week. Cyclical sectors such as mining and basic resources had experienced choppy trading in recent weeks as investors sought relatively 'safer' assets which are not as sensi
Read moreLondon open: FTSE 100 near four-month low ahead of BoE, ECB
7th Aug 2014 09:06
- BoE, ECB decisions in focus - Russia bans food imports from US, EU - Rio Tinto leads mining stocks higher, but Randgold drops techMARK 2,709.84 -0.19% FTSE 100 6,616.42 -0.30% FTSE 250 15,237.15 -0.17% UK stocks were closing in on a four-month low on Thursday morning as investors turned cautious
Read moreFTSE 100 movers: Intertek, HSBC lead risers after H1 results
4th Aug 2014 15:27
Product testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th
Read moreLondon midday: UK stocks snap three-day decline as HSBC rises
4th Aug 2014 12:12
- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as
Read moreLondon close: FTSE in red as energy stocks weakened by sanctions
30th Jul 2014 16:59
- FTSE closes down 34.31 at 6,773.44 - Energy stocks hit by Russian sanctions - Eurozone confidence beats expectations - US GDP growth 4% techMARK 2,779.29 -0.11% FTSE 100 6,773.44 -0.50% FTSE 250 15,629.84 -0.36% London's blue chips ended Wednesday's session firmly in the red, with the sharpest
Read moreFTSE 100 movers: Barclays leads after results
30th Jul 2014 16:04
Barclays was in the top spot after reporting a less-than-expected 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking units. The consensus estimate had been for a drop to £13.23bn. Numis Securities reiter
Read moreBroker tips: Barclays, Glaxosmithkline, Antofagasta...
30th Jul 2014 12:58
The stock market gave a warm reaction to Barclays' first-half results on Wednesday, with analysts upbeat about the bank's better-than-expected results. Numis Securities reiterated a 'buy' recommendation for the stock, saying that "Investment Bank revenues were better than feared, the balance sheet
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read more