Thursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreLondon close: Stocks plummet on Eurozone fears
4th Apr 2012 16:31
- Miners lead fallers as commodity prices fall - ECB keeps rates on hold, Fed quashes QE3 hopes - Spanish, Italian yields soar No stocks finished in positive territory on Wednesday as Eurozone concerns and fading hopes of additional stimulus in the US fuelled a mass sell-off. The Footsie managed to
Read moreFTSE 100 movers: Miners drag index lower, Shire rises on broker comments
4th Apr 2012 14:58
Metals and oil prices were performing poorly today after the Fed quashed expectations of extra stimulus last night, sending the miners to the bottom of the pile on London's blue-chip index. Fresnillo, Evraz, Polymetal, Rio Tinto and Antofagasta were firmly out of favour. Wolseley was down after tra
Read moreLondon midday: Miners provide a drag, ECB decision eyed
4th Apr 2012 11:43
- Miners track commodity prices lower - Yields rise at Spanish debt auction - ECB expected to maintain rates London's blue chip index was trading well over a whole percentage point lower by midday as Eurozone concerns continued to dampen the mood ahead of a policy rate decision by the European Cent
Read moreLondon open: Stocks slip after QE3 hopes fade
4th Apr 2012 08:21
- ECB to hold rates - Pearson and host of ex-div stocks fall - Kentz drops after major shareholder slashes stake UK stocks fell into the red on Wednesday morning after the US Federal Reserve quashed speculation that it would start another round of quantitative easing (QE) in the near-future. US be
Read moreFTSE 100 movers: Engineering firms on the rise
30th Mar 2012 14:43
Industrial engineers were on the rise, with Weir leading the way in the top spot. Sector peer GKN was a high riser with stock broker Jefferies saying that it believes Volvo Aero would be a "good fit" with GKN Aerospace. "It appears the suggestion GKN might partly fund its acquisition with new equi
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreLondon open: Stocks rise ahead of Eurozone meeting
30th Mar 2012 08:33
- Footsie up before finance ministers meet - Greek PM doesn't rule out third bailout - Miners rise strongly after recent fall London's blue chips started strongly on Friday following a three-day decline for the FTSE 100, with miners leading the way tracking metals prices higher. Eyes are on the E
Read moreFTSE 100 movers: Int'l Power in top spot after proposal from GDF Suez
29th Mar 2012 15:01
UK utility giant International Power was sitting pretty in the top spot after it confirmed that it has received a non-binding indicative proposal from French electricity giant GDF Suez to buy-up the remaining stake in the firm. The 390p-a-share cash approach - for the remaining 30% interest in Int
Read moreLondon midday: Footsie drops to three-week low
29th Mar 2012 11:36
- GDF looks to buy remaining stake in Int'l Power - Imperial has smoking second quarter - Travel groups drop on the FTSE 250 London's blue chips had sank by midday, falling well below the 5,800 level after earlier strength in the mining sector faded. The FTSE 100 has not closed under this level in
Read moreThursday broker round-up - UPDATE
29th Mar 2012 09:29
Advanced Medical Solutions: Investec upgrades from hold to buy, target lift at 97p. Antofagasta: UBS downgrades from neutral to sell, target cut from 1,150p to 1,050p. Aquarius Platinum: UBS cuts target from 160p to 155p, neutral rating unchanged. BHP Billiton: UBS cuts target from 2,600p to 2,50
Read moreFTSE 100 movers: Investors turn to defensive stocks following GDP data
28th Mar 2012 13:52
Investors appeared to be shifting their money into defensive sectors, such as pharmaceuticals and utilities, putting drugs giants GlaxoSmithKline and Shire in demand, joined by energy firm International Power and National Grid. Investor sentiment was hit by the news that the UK economy did worse i
Read moreLondon midday: Stocks slip after UK GDP data
28th Mar 2012 11:36
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Defensives in demand The FTSE 100 swung between gains and losses during the morning session in London as stocks reacted to some worse-than-expected economic data. The UK economy did worse in the last three months of 2011 than
Read moreLondon open: Stocks flat ahead of GDP data
28th Mar 2012 08:24
- Investors await UK GDP data - RSA, Pru, Anglo among ex-div stocks providing a drag - Kenmare, Petropavlovsk lead rise on FTSE 250 London's blue chip index opened cautiously on Wednesday with ex-dividend stocks registering heavy losses, while concerns over the outlook for US economic growth weighe
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
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