Tuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreFTSE 100 movers: RBS makes strong gains on Numis note
20th May 2013 14:56
Royal Bank of Scotland was in the lead after Numis raised its target price from 308p to 410p, while upgrading the stock to buy. Budget airline easyJet was also flying high after both Deutsche Bank and Citigroup lifted their target prices for the stock following last week's first-half results. Citi
Read moreLondon midday: Markets rangebound but winning streak continues
16th May 2013 11:34
The FTSE 100 was continuing to trade within an extremely tight range on Thursday morning as investors consider how much further the rally will go given that the index is already trading at levels not seen in five and a half years. Just 15 points separated the Footsie's intraday low (6,693) and hig
Read moreLondon open: FTSE 100 breaches 6,700 after Japanese GDP
16th May 2013 08:35
The winning streak on the FTSE 100 continued into its 11th day on Thursday as stronger-than-expected growth in Japan boosted London's benchmark index to fresh five-and-a-half-year highs. The FTSE 100 has been in positive territory since the start of May and was teetering around the 6,700 mark this
Read moreLondon pre-open: FTSE to edge higher in early trade
16th May 2013 07:30
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,694, rising modestly after stronger gains in the US overnight. Economic announcements due out today include the EU balance of trade, consumer price index and harmonised index of consumer prices, as well as US bui
Read moreAntofagasta's first quarter revenue falls as copper prices drop
16th May 2013 07:01
Copper mining giant Antofagasta reported a 29.2 per cent fall in earnings in the first quarter reflecting lower commodity prices and higher operating costs. Earnings before tax, interest, tax, depreciation and amortisation (EBITDA) came to $781.7m in the first three months, compared to $1.1bn the p
Read moreLondon close: Markets extend winning streak despite Fed concerns
13th May 2013 17:04
The FTSE 100 finished with slight gains on Monday, extending the recent winning streak into its eighth day, as markets shrugged off concerns over stimulus measures in the US and disappointing economic data in China. Following a strong rise last week, London's benchmark index reached a closing price
Read moreFTSE 100 movers: G4S in top spot after G8 contract win
13th May 2013 15:23
G4S leapt into the top spot after winning a deal to provide security at the two day Northern Ireland G8 Summit in June. It will provide 450 staff members to give support to the police. Antofagasta was another strong riser, erasing some of last week's losses after Nomura said it was one of several m
Read moreLondon close: US jobs data sends FTSE 100 to seven-week high
3rd May 2013 16:31
The FTSE 100 jumped one per cent higher to a seven-week high on Friday afternoon with stock markets rejoicing as the US jobs report smashed forecasts in April and previous months' data was revised higher. London's benchmark index closed up 61 points (+0.94%) to close at 6,521, a level not seen sinc
Read moreSector movers: Miners jump on improved US outlook
3rd May 2013 15:28
Mining stocks surged on Friday as the outlook for the world's largest economy brightened after labour-market data smashed expectations. Increased risk appetite sent the resource-heavy FTSE 100 up over 1.0% in afternoon trade with ENRC leading the way, gaining 8.3% to 284.2p. Antofagasta, EVRAZ and
Read moreLondon midday: Miners buoy Footsie ahead of US jobs data
3rd May 2013 11:43
Strength in the mining sector kept the FTSE 100 in positive territory on Friday morning, though the index was rangebound ahead of the all-important US jobs report due out this afternoon. A surprise drop in American jobless claims yesterday pushed the S&P 500 to a new all-time high last night as mar
Read moreLondon open: Markets up ahead of US jobs report, but RBS falls
3rd May 2013 08:38
London's FTSE 100 index opened broadly flat on Friday morning as a sharp fall from Royal Bank of Scotland (RBS) offset a strong performance in the mining sector. Investors were still digesting what has been a busy week for financial markets with monetary policy decisions from the Federal Reserve (F
Read moreSector movers: Miners fall as manufacturing data disappoints
1st May 2013 14:42
After a strong start on Wednesday morning, mining stocks were in the red by the end of the session as declining manufacturing figures from the world's two largest economies worsened the demand outlook for commodities. The Institute for Supply Management's US manufacturing purchasing managers' index
Read moreLondon midday: Stocks extend gains ahead of Fed decision
1st May 2013 11:27
The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday. A slowdown in Chinese manufacturing growth didn't have too much of an effect on markets early on as trade
Read moreBroker tips: Antofagasta, Reed Elsevier, Cineworld
1st May 2013 11:20
FIrst-quarter production results from copper miner Antofagasta were well-received by the market on Wednesday but Investec has kept its 'reduce' rating for the stock given a weaker commodity price environment. "The recent drop in commodity prices is leading toward negative provisional price adjustme
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