Tuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreFTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon midday: FTSE 100 nearly erases year-to-date gains
24th Jun 2013 11:38
After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o
Read moreLondon open: Stocks edge higher after recent sell-off
24th Jun 2013 08:27
The FTSE 100 opened in positive territory on Monday morning, albeit only slightly, as markets made a tentative start to the new week following the dramatic sell-off seen over recent sessions. London's benchmark index closed Friday's session at just 6,116 following a number of steep declines since t
Read moreLondon close: Markets struggle to regain poise after Fed meeting
21st Jun 2013 17:49
Stocks retreated once again on Friday, following another session of convulsions in global capital markets. Quite poignantly, on Friday one US policy maker - the President of the Federal Reserve bank of St.Louis - criticised Ben Bernanke´s poor timing regarding the announcement of a detailed plan for
Read moreFTSE 100 movers: Bunzl, BT Group, Antofagasta
21st Jun 2013 14:29
Multinational distribution and outsourcing company Bunzl gained after analysts at JP Morgan Cazenove reiterated a 'buy' rating in a note issued to investors on Friday. BT Group advanced after appointing Gavin Patterson as its new Chief Executive Officer to replace Ian Livingstone who will step down
Read moreLondon midday: Stocks rebound but sentiment fragile after heavy sell-off
21st Jun 2013 11:31
The FTSE 100 rebounded from five-month lows on Friday morning after comments from the Federal Reserve prompted a dramatic global market sell-off the day before. London's benchmark index tumbled an eye-watering 189 points on Thursday, falling 2.98% to 6,160 as markets reacted to comments from Fed Ch
Read moreLondon open: Markets bounce off five-month lows
21st Jun 2013 08:31
Markets opened in positive territory on Friday as the FTSE 100 attempted to rebound after a dramatic three per cent cent drop the day before following the Federal Reserve's announcement to scale back stimulus later this year. London's benchmark index tumbled an eye-watering 189 points on Thursday,
Read moreLondon midday: Markets drop over two per cent in Fed aftermath
20th Jun 2013 11:38
The Federal Reserve may have painted a better picture of the US economy last night, but the concept of a life without quantitative easing (QE) prompted a heavy sell-off on equity markets on Thursday morning, with indices across Europe hit hard following steep losses on Wall Street. The Federal Open
Read moreLondon open: 'Tapering' concerns hit markets hard as Fed signals end to QE
20th Jun 2013 08:26
Markets across Europe dropped sharply in early trading on Thursday after Federal Reserve Chairman Ben Bernanke last night signalled that the central bank could soon start to scale back its quantitative easing (QE) programme. Fed confirms QE taper Stocks on Wall Street last night were trading sligh
Read moreLondon close: Markets move higher with Fed decision in focus
18th Jun 2013 17:04
After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key 'risk event' of the week, the monetary policy meeting at the Federal Reserve. Banking stocks in London were performing well today after the China Securities Journal suggeste
Read moreFTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth
18th Jun 2013 14:34
Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent. Whitbread said that while sales in its resta
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreFTSE 100 movers: Mining, property stocks gain as traders 'buy on the dip'
14th Jun 2013 14:25
A calmer session on financial markets prompted decent gains in the mining and property sectors on Friday, as bargain-hunters moved in to 'buy on the dip' after the recent volatility hit both sectors hard. Anglo American, Glencore, Antofagasta, Vedanta and Randgold led the resources sector higher to
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
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