London midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
Read moreLondon close: Chinese fears fuel sell-off
20th Mar 2012 16:26
- Miners drop on Chinese outlook - Glencore to buy Viterra for 3.9bn pounds - Supermarket stocks rise on broker upgrades Concerns about slowing growth in China have dampened sentiment today with miners bearing the brunt of the sell-off as falling house prices and rising fuel costs are feared to be
Read moreSector movers: Miners plummet as investors seek defensives
20th Mar 2012 16:13
Miners were the laggards of the day on Tuesday with worries over the Chinese economic outlook prompting a shift into relatively 'safer' assets, such as telecoms and retailers. Concerns about slowing growth in China seem to have dampened sentiment today, with miners bearing the brunt of the sell-off
Read moreFTSE 100 movers: Miners plunge on concerns over Chinese demand
20th Mar 2012 14:00
The miners were the worst performers of the day on Tuesday on fears over the economic outlook for China. Ian Ashby, President of BHP Billiton's iron ore division, told reporters in Australia that "the (Chinese) economy is shifting, it's changing. Steel growth rates will flatten and they have flatt
Read moreLondon midday: Miners tank on Chinese growth fears
20th Mar 2012 12:02
- Inflation falls but not as much as expected - Miners fall on Chinese demand concerns - National Grid advances after a kind word from Nomura The Footsie slumped to its lowest levels of the day by midday, down a whole percentage point, after UK inflation fell at a lower-than-expected pace and worri
Read moreLondon open: Miners pull the Footsie lower
20th Mar 2012 08:36
- Miners fall as BHP warns of slowing steel production in China - OBR to raise UK GDP forecasts for 2012 - ARM, National Grid, United Utilities rise after upgrades The FTSE 100 slumped in the opening hour on Tuesday as the miners dragged the blue chip index into the red for a second day. According
Read moreBroker tips: Tullow Oil, Misys, Copper miners
19th Mar 2012 12:28
Galvan Research and Trading has labelled Tullow Oil as a 'very strong buy' following last week's full-year results. "Ongoing good news and fresh oil discoveries in Africa just keep rolling in at Tullow Oil, while the solid gold fundamentals are backed by a near 500% rise in profits last year. On th
Read moreBroker snap: Nomura favours copper miners First Quantum and Antofagasta
19th Mar 2012 10:26
Nomura has named First Quantum Minerals (FQM) as its top pick among the European copper miners but also highlighted Antofagasta as a core holding. The broker notes that copper prices have outperformed copper equities by around 16% in the year-to-date following a risk-off period and a disappointing
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
Read moreLondon close: Footsie finishes strongly as banks, miners provide a lift
16th Mar 2012 16:47
- Footsie finishes the week up 1.4 per cent - Eurozone debt crisis eases, US data mixed - Essar closes up 10 per cent The Footsie finished the week strongly, closing not too far off the elusive 6,000 mark, with financials and miners making ground as tensions arising from the Eurozone's debt crisis
Read moreLondon midday: Footsie extends gains, RBS leads the rise
16th Mar 2012 11:32
- RBS up over five per cent after upgrade - Tullow Oil strikes again off the coast of Ghana - Footsie up 1.4 per cent on the week The FTSE 100 was continuing to set new intraday highs by lunchtime, helped by a strong performance by financial and resource stocks. It has been a relatively quiet day f
Read moreBroker tips: RBS, RPS, Copper miners
16th Mar 2012 11:30
Royal Bank of Scotland had its rating upgraded by both UBS and Investec on Friday morning, lifting the shares up nearly three per cent early on. "We do not argue that the buy case for RBS is as compelling as it was back in November 2011 when ridiculous scare stories over capital and funding conspir
Read moreBroker snap: Higher copper prices don't mean higher earnings, says Jefferies
16th Mar 2012 11:27
Following Jefferies' first annual copper summit yesterday, the US investment bank said that the key takeaway is that global copper supply growth is likely to fall short of expectations and lead to higher-than-expected prices. Jefferies said that supply constraints are not easing due to declining gr
Read moreFriday broker round-up - UPDATE
16th Mar 2012 10:27
4imprint: Peel Hunt keeps buy rating and 345p target. Aegis: Nomura reiterates buy rating and 210p target; HB Markets upgrades from sell to hold. Antofagasta: Jefferies keeps hold and 1,214p target. Bunzl: Goldman Sachs downgrades from neutral to sell, target lifted from 940p to 988p. Diageo: Je
Read moreLondon close: Miners drag Footsie into the red
14th Mar 2012 16:40
- Miners outweigh financials to drag Footsie lower - Fed expects 'moderate' growth in 2012 - Osborne considering 100-year gilts UK stocks finished the day slightly lower on Wednesday despite an earlier rise as steep falls in the mining sector offset a strong performance by the banks and insurers. T
Read more