FTSE 100 movers: Meggitt shares hammered after update
1st Nov 2013 15:17
Meggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had give
Read moreSector movers: Vodafone leads telecoms sector higher
1st Nov 2013 15:14
Vodafone led the telecoms sector higher on the back of growing speculation that US giant AT&T is plotting a takeover of the UK mobile company. Executives at AT&T were putting together plans for a possible takeover of the company next year, reported Bloomberg, citing people familiar with the situat
Read moreLondon midday: FTSE higher on mixed data and Vodafone takeover talk
1st Nov 2013 11:25
- Shares trading modestly higher by lunchtime - Manufacturing PMI comes in below expectations - Vodafone leaps on takeover chatter, Meggitt slumps techMARK 2,653.51 -0.32% FTSE 100 6,732.87 +0.02% FTSE 250 15,468.65 -0.07% The FTSE was slightly higher by the midday point, as investors weighed up
Read moreLondon close: FTSE drops 46 points as data comes in mixed
31st Oct 2013 16:22
- FTSE declines 46 points - Fed decision continues to weigh heavy - Data across the globe comes in mixed techMARK 2,662.03 -0.11% FTSE 100 6,731.43 -0.68% FTSE 250 15,479.95 -0.66% The FTSE 100 fell 46 points by the close on Thursday as investors took stock of the Federal Reserve's policy decisio
Read moreFTSE 100 movers: BT jumps after impressing with Sport package
31st Oct 2013 13:26
Telecomms heavyweight BT today reported a 13 per cent decline in half-year pre-tax profits to 948m pounds, but said the recently introduced BT Sport package had made a 'confident start'. Shares in the group floated higher, encouraged by a 13 per cent jump in the interim dividend to 3.4p and a reaffi
Read moreBroker snap: Sell Antofagasta after production update, says Investec
31st Oct 2013 11:53
Investec stuck to its 'sell' rating on Antofagasta's shares after the mining group's quarterly production report. Antofagasta reported a drop in gold and copper production in its third quarter reflecting lower grades at its mining operations. It revealed that gold output fell 11.7% to 67,700 ounc
Read moreLondon pre-open: No treats for investors as FTSE set to open in the red
31st Oct 2013 07:32
City sources predict the FTSE 100 will open around 20 points lower than yesterday's close of 6,777.70, with investors feeling somewhat spooked by the Federal Open Market Committee's decision not to close the door on a start to Fed tapering even as soon as its next meeting, in December. Initial mar
Read moreAntofagasta posts fall in third quarter gold and copper output
31st Oct 2013 07:06
Antofagasta reported a decline in gold and copper production in the third quarter due to lower grades across its mining operations. Gold output dropped 11.7% to 67,700 ounces while copper production fell 3.4% to 174,200 tonnes. Production was hurt by lower grades of gold and copper at the Esperan
Read moreLondon midday: Stocks rise as Chinese manufacturing hits seven-month high
24th Oct 2013 12:10
- Chinese HSBC PMI at seven-month high - Eurozone composite PMI misses forecasts - Sports Direct founder sells 106m-pound stake techMARK 2,629.17 +0.18% FTSE 100 6,706.61 +0.48% FTSE 250 15,526.08 +0.20% UK stocks were performing well on Thursday as some improving data from China fuelled some dece
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreSector movers: Miners fall on concerns over China, Caterpillar
23rd Oct 2013 15:40
Mining stocks were out of favour on Wednesday after results from US equipment manufacturer Caterpillar disappointed and concerns over the Chinese economy weighed on sentiment. Gold, silver and copper prices were declining today amid increasing money-market rates in China after the central bank refr
Read moreLondon open: Stocks edge higher as focus turns towards US data
21st Oct 2013 08:42
UK equites opened slightly higher on Monday morning, following a recent strong run and as traders awaited key economic data from the US later this week. London's FTSE 100 opened just a few points higher than Friday's close of 6,622.59, though this was still the highest finish for the benchmark ind
Read moreBroker tips: UK banks, SABMiller, Antofagasta
17th Oct 2013 14:07
UK banks were trading in the red on Thursday after Exane BNP Paribas speculated that lenders may need to raise more capital to meet regulatory requirements. The Prudential Regulation Authority (PRA), due to make its final statement in December, could introduce additional capital buffers on top of c
Read moreBroker snap: HSBC upgrades Antofagasta, lifts copper prices
17th Oct 2013 14:02
HSBC has raised its recommendation for Chile-based copper mining group Antofagasta from 'neutral' to 'overweight' as it lifted its target price for the commodity. The bank reportedly raised its 2014 forecast for copper from $7,250 to $7,750 a metric tonne, saying that supply concerns have been "ove
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
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