Antofagasta lowers 2013 dividend as falling metal prices hurt revenue - UPDATE
18th Mar 2014 07:06
- Dividend lowered by 3.5 per cent - Revenues fall 11.4 per cent - Realised copper prices down 10.6 per cent - China slowdown hurts demand, volatility expected to continue Antofagasta lowered its total dividend for 2013 as revenues declined, reflecting a drop in the price of commodities, although
Read moreSector movers: Mining stocks rise strongly, Glencore Xstrata gains
17th Mar 2014 14:33
The FTSE 350 mining sector, which fell nearly four per cent last week on the back of uncertainties surrounding Ukraine and fears of a slowdown in China, recovered strongly on Monday with Glencore Xstrata among the best performers in London. Glencore Xstrata was trading 3.3% higher at 306.8p this af
Read moreTuesday preview: Antofagasta reports annual results
17th Mar 2014 14:23
Antofagasta is expected to report a drop in annual revenues and earnings on Tuesday due to lower metal prices and higher costs. Numis predicts the miner will post a 34% year-on-year drop in earnings per share to $0.85 and revenue of $5.95bn. Lower sales volumes are projected to have offset higher
Read moreLondon midday: Stocks extend losses ahead of Crimea referendum
14th Mar 2014 11:38
- Ukraine tensions rise ahead of Crimea vote - Analysts cut forecasts for China - Banking stocks mixed - US lifts ban on BP GoM contracts techMARK 2,765.64 -0.76% FTSE 100 6,529.08 -0.38% FTSE 250 16,062.45 -0.76% The FTSE 100 was registering losses for the sixth consecutive session as investors s
Read moreLondon open: Stocks down for sixth day on Ukraine, China fears
14th Mar 2014 08:32
- Ukraine crisis steps up a gear - Analysts cut forecasts for China - US lifts ban on BP GoM contracts - Financials gain, miners fall techMARK 2,757.98 -1.04% FTSE 100 6,525.28 -0.43% FTSE 250 16,032.04 -0.95% UK stocks were suffering losses again on Friday, falling for the sixth straight day, as
Read moreThursday broker round-up UPDATE
13th Mar 2014 09:07
Advanced Medical Solutions: FinnCap ups target price from 75p to 114p retaining its hold recommendation. Antofagasta: Investec cuts target price from 764p to 753p and retains a sell recommendation. Barclays: Numis shifts target price from 274p to 280p upgrading from hold to add. BBA Aviation: JP
Read moreLondon close: Stocks hit by Ukraine concerns, G4S sinks
12th Mar 2014 17:00
- FTSE closes down 64.62 points at 6,620.90 - Banks, G4S drag, copper price boosts miners - Minimum wage increased by 19p techMARK 2,817.28 -1.20% FTSE 100 6,620.90 -0.97% FTSE 250 16,326.70 -0.94% The City ended on a downbeat note today, as banks and G4S dragged, multiple big names went ex-divide
Read moreFTSE 100 movers: G4S disappoints with 'extremely challenging year'
12th Mar 2014 15:00
G4S failed to impress with its 2013 results after an 'extremely challenging year' which saw the security solutions provider swing to a statutory pre-tax loss of 170m pounds, from a profit of 313m pounds in 2012. A number of heavyweight FTSE 100 stocks were lower after going ex-dividend, including M
Read moreLondon open: Stocks edge higher ahead of UK data
11th Mar 2014 08:31
- FTSE 100 up after hitting lowest since February 14th - Mark Carney, UK data in focus - Inchcape up after record results techMARK 2,851.92 +0.24% FTSE 100 6,692.77 +0.05% FTSE 250 16,506.44 +0.34% UK markets edged higher on Tuesday after hitting their lowest levels in nearly a month the previous
Read moreLondon close: Miners drag as Chinese data weighs on sentiment
10th Mar 2014 16:55
- FTSE closes down 23.22 at 6,689.45 - China registers surprise trade deficit - Japan GDP revised lower - BCC increases growth forecast techMARK 2,845.16 -0.52% FTSE 100 6,689.45 -0.35% FTSE 250 16,451.20 -0.65% It was a negative finish for the FTSE today, dragged lower by miners on the back of po
Read moreFTSE 100 movers: Rolls-Royce jumps on Daimler JV buy-out
10th Mar 2014 14:56
Rolls Royce was in the top spot today after a host of analysts lifted their target prices following the engine group's move last week to buy-out Daimler in their 50-50 joint venture, Rolls-Royce Power Systems (RRPS). After the close of trade on Friday, Rolls-Royce said that it is to buy the remain
Read moreLondon open: Markets flat as miners fall after poor data from Asia
10th Mar 2014 08:17
- China registers surprise trade deficit, CPI eases - Japan GDP revised lower - Mining stocks limit upside for FTSE - Mondi upgraded to 'buy' by Citigroup techMARK 2,863.34 +0.12% FTSE 100 6,716.76 +0.06% FTSE 250 16,578.93 +0.12% UK markets opened broadly flat on Monday morning after a surprise t
Read moreLondon close: Ukraine concerns drive stocks firmly lower
7th Mar 2014 16:59
- FTSE closes down 76 points - Ukraine continues to dent confidence - Copper prices hit by China worries techMARK 2,859.92 -0.95% FTSE 100 6,712.67 -1.12% FTSE 250 16,559.45 -0.67% UK stocks ended the week on a sour note, dragged lower by concerns surrounding Ukraine and Russia, together with fall
Read moreCopper miners drag on Footsie
7th Mar 2014 15:24
The Footsie is moving lower despite the better-than-expected US jobs data released just an hour ago. Shares of copper miners such as Anglo American (-4.7%) and Antofagasta (-3.8%) are leading the way lower. Overnight Shanghai Chaori Solar defaulted on debt of $653,990 (390,000 pounds). That is a
Read moreFTSE 100 movers: Aviva rises after brokers hike target price
7th Mar 2014 14:33
Insurance group Aviva continued to rise after analysts at Barclays and JPMorgan lifted their price targets for the stock today. Yesterday saw the share price soar as investors celebrated a better-than-expected set of 2013 results after its turnaround under Chief Executive Mark Wilson delivered encou
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