London midday: Markets pull back ahead of key risk events
2nd Jul 2013 11:32
The FTSE 100 was trading firmly lower on Tuesday morning with profit-taking evident after a strong performance over the past week, as investors gear up for central-bank meetings and key US data later in the week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly af
Read moreLondon open: Stocks lower, traders take profits after recent gains
2nd Jul 2013 08:53
The FTSE 100 opened firmly lower on Tuesday morning as investors paused for breath following a decent performance over the last week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly after hitting a five-month low of 6,029 last Monday on the back of concerns over a
Read moreLondon pre-open: Markets expected to consolidate after strong gains
2nd Jul 2013 07:20
UK markets are expected to open flat to slightly lower on Tuesday morning despite a decent performance on US and Asian markets overnight, as investors pause for breath after the solid gains made the day before. City sources predict the FTSE 100 will open down around five points from yesterday's cl
Read moreAntofagasta secures power supply for Los Pelambres
2nd Jul 2013 07:02
Diversified mining group Antofagasta is looking to invest in two hydroelectric power stations in Chile that will provide energy for its nearby copper project, Los Pelambres. The company said on Tuesday morning that it has entered into an agreement with AES Gener to buy 40% of Alto Maipo, a company
Read moreLondon close: Stocks rise on first day of Carney's mandate
1st Jul 2013 17:24
Equities began the third quarter on a strong note, buoyed in part by a bullish note from strategists at JP Morgan on commodity prices. Alongside a slightly better than expected reading on US manufacturing that helped to compensate for a somewhat weak reading on Chinese manufacturing overnight. Coinc
Read moreBroker tips: StanChart, ENRC, Antofagasta
27th Jun 2013 12:56
Nomura has maintained its positive stance on Asia-focused bank Standard Chartered after its second-quarter results on Wednesday, saying that the stock is looking attractive relative to Asian peers. A 'buy' rating has been maintained but Nomura has reduced its target price for the shares from 1,880p
Read moreBroker snap: Investec downgrades Antofagasta on weaker commodity prices
27th Jun 2013 12:43
Investec has reduced its recommendation for Chile-based copper miner Antofagasta from 'reduce' to 'sell' and cut its target price for the stock from 829p to 691p to reflect a substantial weakening of commodity prices. The broker explained that its target price is based on a 50:50 mix of net present
Read moreLondon midday: Stocks gain for third day as rebound continues
27th Jun 2013 11:16
UK markets were able to hang on to gains on Thursday morning on a busy day for economic data, as stocks continue to rebound after some heavy losses over the last month. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past two sessions with bargain h
Read moreLondon open: Stocks gain ahead of busy day for economic data
27th Jun 2013 08:34
The FTSE 100 looked set to deliver its third consecutive day of gains on Thursday as markets continued to rebound following some heavy falls over the last month. After a heavy fall on Monday to a fresh five-month low of 6,029, London's benchmark index has rebounded strongly over the last two sessio
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreLondon close: Footsie´s bounce extended for a second day
26th Jun 2013 16:29
Stocks closed higher for a second day as China moved to provide liquidity assistance to its battered interbank lending maket and a member of the US Federal Reserve - Narayana Kocherlakota - described markets´ reaction to the central bank´s last policy stamtement as overdone. Back in the UK all eye
Read moreSector movers: Miners tumble as metals prices slide
26th Jun 2013 14:50
Mining stocks were suffering steep losses on Wednesday as metal prices tumbled across the board owing to a stronger dollar and the increased likelihood that the Federal Reserve will soon 'taper' stimulus if economic data continues to improve. Stronger-than-expected US data released on Tuesday - in
Read moreFTSE 100 movers: Financials rise, offset weakness amongst miners
26th Jun 2013 14:18
Gains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
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