London close: Stocks rebound despite mixed economic data
24th Oct 2012 16:54
- Boeing, Facebook and SAP lift sentiment - Stocks rebound after heavy losses yesterday - Chinese and Eurozone data paints mixed picture UK stocks finished in positive territory on Wednesday, albeit only just, after some decent corporate earnings offset some mixed economic data from China and the E
Read moreFTSE 100 movers: ARM in top spot on yesterday's ace results
24th Oct 2012 14:54
Chip designer ARM Holdings continued to make gains after its impressive third-quarter results yesterday. It was announced yesterday morning that the company beat forecasts in the third quarter and gave a confident outlook for the rest of the year. The semiconductor intellectual property group said
Read moreLondon midday: Markets volatile after mixed economic data
24th Oct 2012 11:19
- Stocks react to mixed economic data - FOMC conclusion eyed - ARM extends gains after Q3 results and SAP statement The FTSE 100 was swinging between gains and loss on Wednesday morning as contrasting economic data from China and the Eurozone painted a mixed picture of the global economy. Markets
Read moreLondon close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreFTSE 100 movers: Miners tank; ARM and Experian gain
23rd Oct 2012 14:34
ARM Holdings and Experian were doing their best lift the FTSE 100 on Tuesday, but it was the miners were pulling the blue-chip index into the red with growth concerns fuelling a move away from 'risk'. Kazakhmys, ENRC, Antofagasta, Anglo American and Rio Tinto were all trading firmly lower this afte
Read moreLondon close: Stocks decline after Caterpillar earnings
22nd Oct 2012 16:28
- Caterpillar disappoints with guidance - Kenny-Merkel statement apparently overinterpreted -DPA - BP falls after confirming Rosneft deal After a brief stint in positive territory, UK stocks fell into the red by the close on Monday after some disappointing guidance for US economic bellwether Caterp
Read moreFTSE 100 movers: Miners rise on improved Eurozone outlook
22nd Oct 2012 15:25
Mining and banking stocks were among the best performers on the improving outlook for the Eurozone, with Anglo American, Fresnillo, Antofagasta, Vedanta, and Glencore all rising higher. Barclays and Lloyds were also doing well, boosted by news of a decent outcome for Spanish Prime Minister Mariano
Read moreSector movers: British American and Imperial light up tobacco sector
22nd Oct 2012 15:19
Tobacco stocks were performing well on Monday afternoon with sector giants British American and Imperial lighting up the category. The stocks were up 0.74% and 0.79%, respectively, by 15:44 in London. One possible reason for the lift could be a broker note out from Credit Suisse on US peer Philip
Read moreLondon open: Stocks flat ahead of EU summit
18th Oct 2012 08:34
- Markets await EU summit - Chinese data points to stabilisation - EVRAZ and the miners gain early on London's FTSE 100 index opened broadly flat on Thursday morning as investors showed caution ahead of the EU summit in Brussels. Markus Huber from ETX Capital said this morning: "EU leaders are kic
Read moreMonday broker round-up
15th Oct 2012 09:33
Anglo American: Goldman Sachs downgrades to sell. Antofagasta: Goldman Sachs downgrades to neutral, target cut from 1,150p to 1,100p. Asian Plantations: Panmure Gordon cuts target from 400p to 380p, buy rating kept. AVEVA: Panmure Gordon keeps hold rating and 1,878p target. Bellzone Mining: Gold
Read moreLondon open: Chinese export data lifts stocks
15th Oct 2012 08:41
- Stocks gain as Chinese exports beat forecasts - EU summit in focus - Goldman downgrades several UK-listed miners UK stocks edged higher in early trading on Monday on the back of some robust export data from China, though gains were only modest as uncertainty in the Eurozone continues to be a drag
Read moreLondon close: Footsie in late slide
12th Oct 2012 16:48
Footsie ended the week on a dull note, with most of the losses coming at the death. Evraz suspends Czech steel production Russian steel-maker Evraz led the market lower as it said it had suspended steel production in the Czech Republic because of low demand. Credit Suisse stuck the boot into the
Read moreFTSE 100 movers: Banks and insurers lifted by Deutsche Bank upgrade
12th Oct 2012 15:50
Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to 'overweight'. However, it was financial services provider Hargreaves Lansdown which topped the leader board in the morning session, after it said it had got off to a "pleasing" start to its new financial year. Hargreav
Read moreBroker tips: BHP, Antofagasta, Range Resources
12th Oct 2012 13:34
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
Read moreBroker snap: Credit Suisse cuts EPS forecasts for Metals&Mining
12th Oct 2012 13:18
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
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