Broker 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
Read moreFTSE 100 movers: Aberdeen dives after rating downgrade
24th Jan 2014 14:31
Fund manager Aberdeen fell sharply in today's session after receiving a ratings downgrade by Morgan Stanley to 'underweight'. The bank said that a deteriorating fund performance compounds challenging emerging-market fundamentals, 'increasing the risk of negative revisions and a further multiple de-r
Read moreLondon open: Stocks gain ahead of UK data
22nd Jan 2014 08:48
- Markets at highest level since May 2013 - UK jobless data, MPC minutes in focus - Miners provide a lift but BHP subdued techMARK 2,859.42 +0.46% FTSE 100 6,856.45 +0.32% FTSE 250 16,203.07 +0.36% UK markets opened with moderate gains on Wednesday morning as the FTSE 100 continues to trade at its
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreLondon open: Banking stocks limit upside as markets open flat
20th Jan 2014 08:18
- Banks fall after Deutsche Bank Q4 loss - US markets closed for MLK Jr day - Chinese data points to slowdown techMARK 2,857.04 +0.21% FTSE 100 6,828.28 -0.01% FTSE 250 16,219.04 +0.20% UK equities opened more or less flat on Monday on what is set to be a quiet day with Wall Street closed later on
Read moreLondon close: Car insurers lead markets higher after choppy session
17th Jan 2014 16:31
- UK retail sales smash forecasts for December - US economic data and earnings come in mixed - Car insurers gain as decline in premiums eases - Shell issues massive profit warning techMARK 2,851.01 +0.26% FTSE 100 6,829.30 +0.20% FTSE 250 16,187.09 -0.14% UK markets ended a choppy session with sma
Read moreFTSE 100 movers: Admiral rises on insurance industry data
17th Jan 2014 15:07
Car insurer Admiral led today's risers after data showed that the decline in average premiums across the sector eased considerably at the end of 2013. Retailers Sainsbury and M&S climbed after UK retail sales volumes grew at a whopping 2.6% month-on-month pace in December, up from a revised 0.1% in
Read moreLondon close: FTSE 100 flat near eight-month high, but miners surge
16th Jan 2014 17:07
- Markets pause for breath after recent highs - Mining stocks surge as Citi turns bullish - Aberdeen drops as AuM fall - Retailers AB Foods, Halfords, Dixons, Home Retail in focus techMARK 2,843.65 +0.10% FTSE 100 6,815.42 -0.07% FTSE 250 16,209.65 -0.51% UK markets finished largely flat on Thursd
Read moreSector movers: Miners boosted as Citi turns bullish
16th Jan 2014 16:30
Mining stocks were the standout performers of the day on Thursday after upbeat comments from Citigroup about the sector. Analysts at Citigroup lifted its 12-month stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank lab
Read moreFTSE 100 movers: Miners lifted by Citigroup comments
16th Jan 2014 14:21
Mining stocks were performing well after Citigroup lifted its stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "key picks" as it said that sentiment wil
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreLondon open: Stocks pause at eight-month high after mixed updates
16th Jan 2014 08:30
- Aberdeen drops as AuM fall three per cent - Retailers mixed as companies report festive sales - Mining stocks broadly higher, BHP Billiton upgraded techMARK 2,841.00 +0.01% FTSE 100 6,821.68 +0.03% FTSE 250 16,275.67 -0.11% Mixed corporate results weighed on UK markets on Thursday morning, as th
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreLondon close: Markets flat after choppy session, services PMIs weakens
6th Jan 2014 16:37
- Miners limit gains after weak economic data - Services PMIs from China, UK, Eurozone and US weaken - RSA rises, UBS says takeover and break-up still possible - Retailers in focus ahead of updates techMARK 2,792.25 +0.13% FTSE 100 6,730.73 0.00% FTSE 250 16,049.30 +0.18% UK markets ended flat on
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