London pre-open: Stocks to dip on UK house price index decline
12th Mar 2013 07:29
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,504, knocked by news that the UK house price balance dropped to a seasonally adjusted -6 per cent in February, compared to expectations of a rise to -2 per cent (from -4 per cent in January). In the US stocks
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreAntofagasta's revenues rise on back of record copper output
12th Mar 2013 07:03
Copper mining heavyweight Antofagasta reported on Tuesday a 10.9 per cent rise in 2012 revenues driven by a year of record production. Group revenues jumped to $6.74bn from $6.07bn, beating the estimate by analysts at Investec of $6.5bn. Earnings before interest, tax, depreciation and amortisati
Read moreTuesday preview: Antofagasta reveals annual results
11th Mar 2013 14:36
Copper mining company Antofagasta unveils its 2012 financial results on Tuesday, following its strong fourth-quarter production released earlier in the year. The company's output increased 7.8% to 193,800 tonnes quarter-on-quarter, driven by production at Los Pelambres and Esperanza, according to a
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreLondon close: Stocks gain as US economic data impresses
28th Feb 2013 16:23
An upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe. Concerns about a recession in the States proved premature, as the initial estimate of a 0.1% contraction in U
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreLondon close: Markets volatile after mixed news on Italian election
25th Feb 2013 17:11
The FTSE 100 saw a volatile end to the trading session on Monday as a number of conflicting news reports emerged from the Italian exit polls. Milan's FTSE MIB index gained as much as 4.0% earlier in the day after it was rumoured that centre-left Pier Luigi Bersani could win a majority in both the l
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreFTSE 100 movers: RSA dives after firm unveils dividend cut
20th Feb 2013 15:13
Full-year results from RSA Insurance were largely in line with estimates, with extreme wet weather in the UK and earthquakes in Italy contributing to a 5.9 per cent fall in operating profit. However, shares tanked after the firm unveiled a 33 per cent cut in its annual dividend due to the likelihood
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreFTSE 100 movers: ITV climbs on takeover speculation
18th Feb 2013 15:42
ITV rose on continuing speculation that the group is close to a takeover. The stock has been the subject of market chatter to that effect on a number of occasions in recent times. With rather more substance, ITV's family net advertising revenues (NAR) could rise by between 8% and 14% in March accord
Read moreLondon midday: Falls in metals' prices weigh on stocks
18th Feb 2013 12:42
London equities were 'treading water' at midday after being left without the benefit of Wall Street to provide some offset to weak retail sales data out of China. Chinese consumers reigned in their spending over the Lunar New Year festivities by the most in four years, as authorities cracked down
Read moreLondon open: Chinese data weighs on miners
18th Feb 2013 08:56
London equities have begun today's session with the slightest of falls following news that retail sales in China over the Lunar New Year festivities last week rose at their slowest pace in four years, as authorities cracked down on extravagant spending by the public sector. US capital markets will
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