Sector movers: Rio Tinto's expansion plans lift mining stocks
28th Nov 2013 15:58
A well-received statement from London-listed diversified mining group Rio Tinto and rising metals prices gave mining sectors a boost on Thursday. Rio Tinto today announced plans to ramp up production at its iron ore business in Western Australia. The FTSE 100 group expects mine production capacity
Read moreFTSE 100 movers: AMEC leads ex-divis lower, Lloyds rises
27th Nov 2013 15:11
Engineering firm AMEC was a heavy faller today after going ex-dividend. Others in the FTSE 350 including Johnson Matthey, Vedanta Resources, Lancashire Holdings, 3i Infrastructure, UDG Healthcare, Telecom Plus and Dunelm also went ex-div today. Antofagasta was falling after JPMorgan Chase reiterate
Read moreFTSE 100 movers: AstraZeneca rises on drug recommendation, TUI sinks
22nd Nov 2013 15:19
Shares in biopharmaceutical business AstraZeneca received a boost on Friday afternoon after the company, alongside sector peer Bristol-Myers Squibb, announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) had recommended approval of Xigduo, a t
Read moreBroker tips: Antofagasta, Sainsbury, Serco
22nd Nov 2013 12:20
Copper miner Antofagasta faces higher treatment and refining charges (TC/RCs) for 2014, and cost increases. Yes, the balance sheet is strong, but the company will have to invest heavily for several years. As well, softening earnings will limit the scope for special dividends, explain analysts at In
Read moreBroker snap: Investec cuts Antofagasta target price to 716p
22nd Nov 2013 11:55
Copper miner Antofagasta faces higher treatment and refining charges (TC/RCs) for 2014, and cost increases. Yes, the balance sheet is strong, but the company will have to invest heavily for several years. As well, softening earnings will limit the scope for special dividends, explain analysts at In
Read moreLondon midday: FTSE falls into negative territory
22nd Nov 2013 11:31
- FTSE falls into the red - TUI drags after stakeholder sells-up - Ofgem rejects cost-saving plans from five out of six firms techMARK 2,641.30 +0.22% FTSE 100 6,668.24 -0.20% FTSE 250 15,160.46 +0.08% The FTSE had retreated into the red by lunchtime, dragged lower by the mining sector and TUI Tra
Read moreFriday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreLondon close: FTSE ends flat after data-heavy session
21st Nov 2013 16:49
- Flat finish after mixed session - US jobless claims fall - UK car manufacturing grows - Johnson Matthey charges higher techMARK 2,636.63 +0.40% FTSE 100 6,681.33 0.00% FTSE 250 15,148.50 -0.20% UK stocks ended the day broadly flat after a mixed bag of data left investors lacking in any firm dire
Read moreSector movers: Tobacco stocks suffer, Telecoms charge higher
21st Nov 2013 16:06
One of the worst performing sectors today was Tobacco, with the declines being led by BATS and Imperial Tobacco after US peer Philip Morris International yesterday warned the industry could suffer an overall 2-3 per cent decline in 2014. The American company lowered its own expectations for the ye
Read moreFTSE 100 movers: Johnson Matthey tops leaders after results impress
21st Nov 2013 15:07
Shares in speciality chemicals company Johnson Matthey leapt to the top of the leaderboard after it reported a robust set of half-year results, powered by a strong performance in Emission Control Technologies ahead of new European legislation and good demand for Process Technologies' products. The
Read moreLondon midday: Losses eased by positive UK data
21st Nov 2013 11:37
- UK borrowing falls - CBI reports surprise jump in factor orders - Car manufacturing stats rise techMARK 2,638.77 +0.48% FTSE 100 6,678.70 -0.04% FTSE 250 15,172.14 -0.04% The FTSE pulled back from earlier losses by lunchtime today, as data showed UK borrowing fell in October and a survey from th
Read moreThursday broker round-up UPDATE
21st Nov 2013 09:14
Aggreko: Liberum Capital initiates with a target price of 1500p and a hold recommendation. Antofagasta: UBS reduces target price from 965p to 870p and downgrades from buy to neutral. APR Energy: Liberum Capital starts with a target price of 890p and a sell recommendation. Ashtead Group: Liberum C
Read moreLondon open: Markets head lower ahead of German ZEW data
19th Nov 2013 08:30
- ZEW survey tipped to rise in November - FOMC minutes in focus - easyJet reports strong annual profit growth techMARK 2,640.79 -0.47% FTSE 100 6,684.07 -0.59% FTSE 250 15,241.76 -0.32% UK markets opened firmly lower on Tuesday morning as investors refrained from building positions ahead of a key
Read moreLondon close: Markets gain on QE speculation, Vedanta drops
15th Nov 2013 17:02
- Stocks extend gains on US stimulus hopes - US industrial production, NY manufacturing data misses forecasts - Vedanta drops sharply after interim report techMARK 2,649.29 0.00% FTSE 100 6,693.44 +0.41% FTSE 250 15,246.58 -0.07% Markets ended Friday's session with decent gains as investors contin
Read moreFTSE 100 movers: Vedanta shares hit by revenue decline
15th Nov 2013 14:27
Mining group Vedanta Resources dropped sharply lower as investors reacted to a 17 per cent drop in first-half revenue to 6.2bn dollars on the back of falling commodity prices. Shares in Centrica extended yesterday's declines which came after it warned market conditions remained challenging, partic
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