Broker snap: Credit Suisse says sell Antofagasta
12th Oct 2012 12:42
Analysts at Credit Suisse have issued a short term trading sell on miner Antofagasta, on which they are broadly neutral, with a target price of 1,250p. The Swiss bank sees three short term drivers of underperformance. Firstly, consensus production estimates look too high by up to 10% over the perio
Read moreLondon close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read moreFTSE 100 movers: Tate & Lyle rises on positive update
27th Sep 2012 14:50
Sweeteners group Tate & Lyle rose after it said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Anglo American was also on the rise
Read moreFTSE 100 movers: Miners drag index lower
24th Sep 2012 13:02
Miners were leading the fallers by the afternoon, following a call from analysts at JP Morgan to take profits in the sector because stalling economic growth in the US and more significantly in China, are expected to offset the US Fed´s third round of asset purchases. JP Morgan analysts have specific
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreFTSE 100 movers: Miners soar after Fed announcement
14th Sep 2012 15:39
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement. Investors are hoping that an improved US economy will boost the demand for commodities. Kazakhmys, Vedanta, Evraz, Fresnillo, ENRC, Antofagasta and Anglo American all gain
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
Read moreFriday broker round-up - UPDATE
14th Sep 2012 07:52
Aegis: Credit Suisse cuts target to 121.6p from 240p, maintains at underperform. Antofagasta: Nomura keeps buy rating and 1,450p target. ASOS: Peel Hunt downgrades to hold, target lifted from 1,800p to 2,100p. Daily Mail: Barclays reduces to equal-weight from overweight. Domino Printing: Jeffer
Read moreLondon close: Stocks down ahead of Fed, employment data divides
12th Sep 2012 16:32
- Ex-div stocks and miners weigh on Footsie - Germany approves ESM - All eyes turn to the Fed - Dutch elections tonight Following a stint in the blue after Germany's decision to approve the Eurozone rescue fund, the Footsie had sunk firmly into the red by the close with ex-dividend stocks and minin
Read moreLondon midday: Stocks rally after German vote on ESM
12th Sep 2012 11:48
- Stocks jump after ESM vote in Germany - Spain considering ECB bond purchases - Banks lead the rally The FTSE 100 had swung into positive territory by Wednesday lunchtime with banking stocks in the lead after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mec
Read moreLondon open: Stocks cut losses slightly after German decision
12th Sep 2012 08:27
- German Constitutional Court approves ESM - Major events still to come this week - China's Wen confirms GDP growth UK stocks are holding slightly lower in early trading on Wednesday although the initial reaction to the German Constitutional Court's (GCC) decision on the European Stability Mechanis
Read moreFTSE 100 movers: Burberry falls after warning on trading conditions
11th Sep 2012 15:35
British fashion house Burberry plummeted in the opening hour and has remained firmly in the bottom spot after warning that trading conditions were becoming more challenging with like-for-like sales flat in the second quarter. The firm said that ahead of the key retail trading period in the second ha
Read moreLondon midday: New MPC appointee open to more QE?
11th Sep 2012 11:59
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag London's FTSE 100 index was at its lowest levels of the day by Tuesday lunchtime as Burberry and the miners suffered from a steep sell-off; meanwhile, investors continued to show
Read moreLondon open: Footsie lower as Burberry plummets
11th Sep 2012 08:42
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag The FTSE 100 opened slightly lower on Tuesday morning as markets gear up for some big 'risk events' later this week; falls in the heavyweight mining sector and a sharp drop from Burb
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