Sector movers: Miners gain as Chinese inflation slows
9th Apr 2013 15:42
Mining stocks were the best performers in London on Tuesday on the back of inflation data from China, which showed that price rises had slowed dramatically in March. Chinese consumer-price inflation slowed to a 2.1% annual rate in March, down from 3.2% in February when prices soared on the back of
Read moreChilean mining strike hits BHP, Anglo and Antofagasta
9th Apr 2013 13:46
Chilean copper miners at state-owned Codelco began a 24-hour work stoppage early Tuesday to demand greater job security, according to unions Tuesday. The protests also delayed operations at BHP Billiton's Escondida project, the world's largest copper mine, and blocked the access road to Anglo Ameri
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreFTSE 100 movers: Miners lead the risers
4th Apr 2013 15:36
Mining companies were on the rise after Tradenext highlighted opportunities for potential upside in the sector following the sell-off in recent weeks, though these opportunities are high risk, the broker warned. AMEC, the consultancy, engineering and project management outfit, was higher after rep
Read moreLondon midday: Markets flat as BoE holds fire, traders await ECB
4th Apr 2013 11:19
The FTSE 100 was little changed by Thursday lunchtime as the Bank of England (BoE) voted to monetary policy on hold, as all eyes turn to the European Central Bank (ECB) ahead of its policy decision in the coming hours. Traders also had to digest a number of mixed economic indicators this morning, w
Read moreBroker snap: Credit Suisse sees downside risk to metals prices
3rd Apr 2013 09:21
Credit Suisse made across-the-board target-price cuts in the mining sector on Wednesday, highlighting the impact of supply overhang on metals prices this year. In a research note, the broker said that softer-than-expected demand for commodities has brought the attention back to supply growth, parti
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreLondon close: Markets surge as M&A activity lifts sentiment
2nd Apr 2013 16:40
UK stocks surged on Tuesday, starting the week strongly after the four-day Easter weekend, as increased M&A activity and a strong reading of US factory orders lifted sentiment. Telecoms giant Vodafone was among the risers on London's benchmark index on the back of speculation that it could be the t
Read moreFTSE 100 movers: Vodafone leads the way higher
2nd Apr 2013 15:20
Vodafone's shares surged following reports that Verizon and AT&T were working on a break-up bid for the British firm. The two US telecoms groups are said to be considering a deal that would see them pay a 40% premium to Vodafone's share price at Monday's close, sources told FT Alphaville. It would
Read moreLondon close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreFTSE 100 movers: Mining companies slide down the index
28th Mar 2013 14:39
Tate & Lyle's stock was up as the food and sweetener giant reported 'solid sales' ahead of its annual results. The group has performed strongly in the year ended March 31st 2013, particularly in its speciality food ingredients division, according to a trading statement. InterContinental Hotels G
Read moreLondon midday: Stocks advance as Cyprus re-opens banks
28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
Read moreBroker tips: Antofagasta, IHG, ICAP
28th Mar 2013 11:40
Shares in mining giant Antofagasta were under pressure on Thursday after the company announced the anticipated re-start of the Antucoya copper project in Chile, something which Credit Suisse believes rules out a large dividend in 2013. Credit Suisse retained its 'underperform' rating and 1,150p tar
Read moreBroker snap: Antucoya re-start rules out large divi at Antofagasta, says Credit Suisse
28th Mar 2013 11:28
Shares in mining giant Antofagasta were under pressure on Thursday after the company announced the anticipated re-start of the Antucoya copper project in Chile, something which Credit Suisse believes rules out a large dividend in 2013. Capital expenditure (capex) at the project has been raised from
Read moreLondon midday: Stocks fall on concerns over Italy and Cyprus
27th Mar 2013 11:52
Worries about Italy and Cyprus weighed heavily on stock markets on Wednesday morning as the Eurozone crisis showed no signs of abating. The political impasse in Italy has continued with centre-left leader Pier Luigi Bersani failing to persuade Silvio Berlusconi's centre-right party to support a min
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