London close: Positive finish to week as miners charge higher
21st Mar 2014 16:59
- FTSE closes up 15 points at 6,557 - Feb UK public sector borrowing slightly ahead of forecasts - Eurozone consumer confidence higher than expected techMARK 2,790.85 -0.34% FTSE 100 6,557.17 +0.23% FTSE 250 16,160.11 -0.35% The City ended the week on a positive note, with mining stocks providing
Read moreSector movers: Miners rebound after recent slump
21st Mar 2014 14:59
The mining sector was performing well on Friday as bargain hunters stepped in following recent weakness, while personal goods stocks were dampened by heavy falls from Burberry. At Thursday's close, the FTSE 350 mining sector had lost more than 11% over the last four weeks as falling copper prices a
Read moreFriday broker round-up UPDATE
21st Mar 2014 09:36
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating. Antofagasta: Nomura cuts target price from 800p to 720p and stays with its reduce rating. Canaccord Genuity reduces target price from 1030p to 880p, while its buy recommendation is kept. ASOS: UBS reduces
Read moreLondon open: Mining stocks provide a lift early on
21st Mar 2014 08:27
- Miners recover after recent slump - Obama imposes more sanctions on Russia - Markets await speeches from Fed officials techMARK 2,803.23 +0.11% FTSE 100 6,565.89 +0.36% FTSE 250 16,219.13 +0.01% UK equities opened slightly higher on Friday as decent gains in the mining sector lifted the resource
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreBroker tips: Antofagasta, Persimmon, Smiths Group
19th Mar 2014 11:30
Copper producer Antofagasta was trading in the red on Wednesday after having its rating downgraded by Credit Suisse from 'neutral' to 'underperform' following the stock's outperformance over recent months. "With the positive of better-than-expected cost-cutting now played out together with heighte
Read moreCredit Suisse downgrades Antofagasta to 'neutral'
19th Mar 2014 09:27
Copper producer Antofagasta was trading in the red on Wednesday after having its rating downgraded by Credit Suisse from 'neutral' to 'underperform' following the stock's outperformance over recent months. "With the positive of better-than-expected cost-cutting now played out together with heighte
Read moreWednesday broker round-up UPDATE
19th Mar 2014 09:00
Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP
Read moreLondon open: Stocks trading lower ahead of busy day
19th Mar 2014 08:31
- Ukraine-Russia tensions running high - UK Budget in focus - FOMC meeting concludes later on - Antofagasta, HSBC hit by downgrades - Smiths Group warns of currency headwinds techMARK 2,810.68 +0.27% FTSE 100 6,591.09 -0.21% FTSE 250 16,348.73 -0.03% UK stock opened with small losses on Wednesday
Read moreLondon close: Markets higher after Putin signs Russia-Crimea treaty
18th Mar 2014 16:50
- Putin says not interested in break-up of Ukraine - Russia to incorporate Crimea - Antofagasta down despite tripling expectations for dividend - Resolution sinks sharply as founders step down - ASOS, Speedy Hire plummet after updates techMARK 2,801.57 +0.19% FTSE 100 6,601.92 +0.51% FTSE 250 16,35
Read moreFTSE 100 movers: Resolution drops sharply despite annual profit jump
18th Mar 2014 13:06
Insurance group Resolution Limited fell sharply on Tuesday after underwhelming investors as it marked the end of its three-year restructuring programme with a big jump in profits in 2013. Resolution, which was set up as an insurance buyout and restructuring group in 2008, also announced that two of
Read moreBroker tips: Schroders, Sainsbury, Antofagasta, RSA
18th Mar 2014 12:36
Credit Suisse has lifted its target price for Schroders from 2,810p to 2,900p after the asset manager beat consensus forecasts with its 2013 results earlier this month. However, the bank maintained its 'neutral' recommendation on the shares, saying that while it sees improving flow momentum in 2014
Read moreLondon midday: Stocks erase losses as Russia accepts Crimea vote
18th Mar 2014 12:10
- Stocks jump after Putin comments - Russia to incorporate Crimea - Antofagasta, Sainsbury choppy after results - Resolution sinks sharply as founders step down - ASOS, Speedy Hire plummet after updates techMARK 2,790.58 -0.20% FTSE 100 6,590.24 +0.33% FTSE 250 16,255.78 -0.26% UK stocks had erase
Read moreCanaccord highlights positive dividend surprise at Antofagasta
18th Mar 2014 11:26
Canaccord Genuity has reiterated its 'buy' recommendation and 1,030p target price for Antofagasta, highlighting the large positive dividend surprise announced alongside the copper miner's 2013 results. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 30.1% to $2,702.2m
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