Thursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreThursday tips round-up: Sainsbury, Miners
30th Jan 2014 07:21
Incoming Sainsbury Chief Executive Officer (CEO) Mike Coupe, who takes over from Justin King, faces a daunting task at the supermarket. Not as much is being asked of him as was of Tesco boss Philip Clarke, who took over from Terry Leahy, but the challenge set out before him daunting enough. The UK
Read moreLondon close: Stocks swing into the red as investors weigh emerging markets, Fed
29th Jan 2014 17:00
- Stocks swing sharply into red in afternoon trade - Renewed EM currency volatility follows rate hikes - Wall Street lower ahead of Fed decision - Miners rise after strong updates, Sainsbury boss exits techMARK 2,768.00 -0.48% FTSE 100 6,544.28 -0.43% FTSE 250 15,688.31 -0.18% Market volatility re
Read moreSector movers: Miners gain after updates from Antofagasta, Anglo and Randgold
29th Jan 2014 15:21
Mining stocks managed to hold on to gains on Wednesday afternoon despite the wider market sell-off after some well-received production updates from a number of blue-chip metal producers. As stocks across the globe were pressured lower by continued concerns over the emerging markets ahead of the Fed
Read moreFTSE 100 movers: Miners rise on strong updates
29th Jan 2014 15:10
Chilean miner Antofagasta raced to the top of the leaderboard today after it reported a record year of copper production for 2013, supported by a strong output performance in the fourth quarter and despite predictions 2014 production is set to drop. The stock was helped even higher after analysts at
Read moreBroker snap: Opinions divided on Antofagasta
29th Jan 2014 12:51
Brokers were divided on Wednesday on Antofagasta after the Chilean miner reported a record year of copper production for 2013 supported by a strong output performance in the fourth quarter. Antofagasta said copper production in the last three months of the year rose 4.9% from the third quarter to
Read moreLondon midday: Gains erased ahead of Fed as emerging-market concerns remain
29th Jan 2014 11:58
- Turkey hikes rates, lira strengthens but gains pared - Antofagasta, Anglo American, Randgold impress with updates - Sainsbury falls after King departure - Barclays considering branch closures, job cuts techMARK 2,784.36 +0.10% FTSE 100 6,578.86 +0.10% FTSE 250 15,808.49 +0.59% UK markets had com
Read moreBroker tips: Antofagasta, Brewin Dolphin, Carpetright
29th Jan 2014 11:20
Westhouse Securities has maintained its 'buy' rating and 1,000p target price for Chilean mining group Antofagasta after production guidance for 2014 came in ahead of forecasts. "For 2014, guidance for copper is a fraction above our estimate (of 702,000t) and gold guidance at 270,000oz is well above
Read moreBroker snap: Antofagasta guidance beats forecasts, says Westhouse
29th Jan 2014 09:09
Westhouse Securities has maintained its 'buy' rating and 1,000p target price for Chilean mining group Antofagasta after production guidance for 2014 came in ahead of forecasts. Full-year copper output in 2013 totalled a record 721,200 tonnes, 1.6% higher than the 2012 and ahead of company guidance
Read moreWednesday broker round-up UPDATE
29th Jan 2014 08:54
African Barrick Gold: Canaccord Genuity ups target price from 180p to 205p keeping a hold recommendation. Antofagasta: Westhouse Securities takes target price from 1000p to 1060p and maintains its buy recommendation. BG Group: Liberum Capital reduces target price from 1475p to 1280p downgrading to
Read moreLondon open: Turkish rate hike boosts markets, miners jump
29th Jan 2014 08:22
- Turkey hikes interest rates to halt lira slide - Antofagasta, Anglo American, Randgold rise after updates - Markets await FOMC decision techMARK 2,799.62 +0.65% FTSE 100 6,632.49 +0.92% FTSE 250 15,895.51 +1.14% UK markets opened strongly on Wednesday after the Turkish central bank's decision to
Read moreLondon pre-open: FTSE to jump after Turkish interest rate decision
29th Jan 2014 07:14
- Turkish central bank ups interest rate to 12 per cent - Fed announcement due later today - German consumer confidence rises City sources predict the FTSE 100 will open 39 points above yesterday's close of 6,572.33, boosted by the Turkish central bank's decision to increase interest rates last nig
Read moreAntofagasta reports record year for copper, guides to lower output in 2014
29th Jan 2014 06:55
- Record year of copper output - 2013 production of gold and molybdenum falls - 2014 guidance points to lower production - Strong production report, Westhouse says Chilean miner Antofagasta reported a record year of copper production for 2013, supported by a strong output performance in the fourth
Read moreBroker snap: Cash costs critical for Antofagasta now
28th Jan 2014 16:43
Chile-focused copper miner Antofagasta has good quality assets (second quartile of cost curve and long life), but as it enters a multi-year period of investments the company's cost guidance is of particular importance. That is because said investments will ensure capital expenditures remain elevat
Read moreWednesday preview: FOMC, Turkish central bank in focus
28th Jan 2014 15:37
The US Federal Reserve will take centre stage on Wednesday when it wraps up its policy meeting and announces another possible round of stimulus tapering. In December the central bank began to trim monthly asset purchases by $10bn to $75bn. Many analysts expect the Federal Open Market Committee (F
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