London open: TUI Travel leads markets higher early on
27th Mar 2013 08:28
UK stocks edged higher on Wednesday morning with TUI Travel leading the rise after a decent first-half trading update, as markets tracked gains on US and Asian benchmarks overnight. Better-than-expected durable-goods orders and home prices Stateside lifted sentiment on Wall Street yesterday, pushin
Read moreFTSE 100 movers: ARM Holdings boosted by broker comments
25th Mar 2013 16:25
ARM Holdings was also benefiting from broker comments after Bank of America said that the potential of its 'big.LITTLE' energy-saving technology was "underappreciated". Asset management firm Aberdeen was higher after posting a 10% increase in assets under management to £212.3bn in the second quarte
Read moreSector movers: Miners track metals prices lower
25th Mar 2013 15:31
Concerns about falling demand hit mining stocks on Monday with heavyweight producers in London providing a drag on the sector. Copper prices continued to decline today on rising inventories and short-lived optimism surrounding the bailout deal in Cyprus. Last week, the London Metal Exchange announ
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreLondon open: Sentiment fragile in aftermath of Cypriot bailout
19th Mar 2013 08:28
Markets across Europe were mixed in early trading on Tuesday as traders continue to digest developments in Cyprus after the controversial proposal to tax depositors prompted fears of a bank run yesterday. Weighing on London's resource-heavy FTSE 100 this morning was Goldman Sachs' move to lower its
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreLondon close: US retail sales lift markets off lows
13th Mar 2013 17:01
Disappointing production data from the Eurozone dampened stocks on Wednesday morning in London, but a better-than-expected reading of US retail sales saw markets rally off their lows in afternoon trade. The monthly measure of American retail sales increased by 1.1% in February, an acceleration from
Read moreLondon open: Ex-div stocks weigh on FTSE 100 early on
13th Mar 2013 08:33
Traders chose to take profits on Wednesday morning, taking advantage of the strong gains seen in previous sessions, with the FTSE 100 pulling back sharply from five-year highs. So far this year, the index has gained nearly 10% and is trading near levels not seen since late 2007. According to Reute
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreLondon close: Stocks gain as markets shrug off gloomy production data
12th Mar 2013 16:52
In spite of some dismal production data from the UK, the FTSE 100 finished Tuesday's session slightly higher as the benchmark index continues to set fresh five-year highs. Copper producer Antofagasta was providing a lift in London, rising on the back of its strong 2012 results, while IAG gained on
Read moreFTSE 100 movers: Copper miners bounce back
12th Mar 2013 15:36
Shares of copper miner Kazakhmys were dragged higher by improved market sentiment following peer Antofagasta´s full-year results out today. Worth noting, its stock has accumulated enormous losses year-to-date. LME copper futures are now up by just 0.23% at $7,758 per metric ton at the time of writin
Read moreLondon midday: Markets flat despite dismal UK production figures
12th Mar 2013 11:28
The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures. London's benchmark is continuing to hover around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial mark
Read moreBroker tips: Lloyds, Antofagasta, IHG
12th Mar 2013 11:08
Investec has upgraded its recommendation for UK banking group Lloyds from 'sell' to 'hold' and lifted its target price for the shares from 46p to 50p. The broker said that Lloyds' share price has delivered a "useful" 10% correction over the past two weeks after the company's full-year results. "Alo
Read moreBroker snap: Limited further upside at Antofagasta, says Canaccord Genuity
12th Mar 2013 10:07
Canaccord Genuity has retained its 'hold' rating and 1,175p target price for copper miner Antofagasta following its full-year results, saying that shares are unlikely to continue to rise without an improvement in copper prices. Earnings before interest, tax, depreciation and amortisation (EBITDA) c
Read moreLondon open: Footsie holding on to five-year highs
12th Mar 2013 09:05
The FTSE 100 opened in cautious manner on Tuesday morning as investors paused for breath after the index hit fresh five-year highs the day before. London's benchmark is now hovering around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial m
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