Wednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreFTSE 100 movers: Antofagasta digs itself to the bottom of the pile
13th Mar 2012 14:12
Antofagasta was in the bottom spot despite boasting of another year of record revenues, profits and output in 2011. However, the market was largely unimpressed by the figures from the Chilean copper miner which parted company earlier this month with its Chief Executive Officer. The shares retreated
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
Read moreLondon open: Financials, miners lead the rise
13th Mar 2012 08:38
- Standard Life, Pru in demand after results - Antofagasta, G4S lead the fallers - BoJ maintains rates, ups asset purchases The Footsie rose strongly on Tuesday helped by some well-received full-year results from insurers and a decent performance by banking and mining stocks as risk appetite increa
Read moreLondon pre-open: US data hopes boost FTSE
13th Mar 2012 07:28
City sources predict the FTSE 100 will open up 31 points from yesterday's close of 5,893, taking its lead from a strong finish by the Dow Jones and ahead of a wealth of economic data due out in the US later today. Life assurance firm Standard Life delivered an increase in operating profits and ca
Read moreEarnings disappoint at Antofagasta
13th Mar 2012 07:13
Antofagasta boasted of another year of record revenues, profits and output in 2011 but the market was largely unimpressed by the figures from the Chilean copper miner which parted company earlier this month with its Chief Executive Officer. The shares retreated in early trading on Tuesday after the
Read moreMonday broker round-up
12th Mar 2012 09:51
Aggreko: UBS ups target from 2,400p to 2,500p, buy rating unchanged. AMEC: Societe Generale upgrades from hold to buy, target hiked from 950p to 1,320p. Antofagasta: Oriel Securities downgrades from add to hold, target cut from 1,294p to 1,258p. Ark Therapeutics: Collins Stewart keeps buy recomme
Read moreFTSE 100 movers: Double resignation hits Schroders' shares
8th Mar 2012 13:15
Both the Chairman and the Chief Investment Officer at asset management firm Schroders have announced their intention to step down from their respective roles, a move which caused shares to take a swift dive. Meanwhile, miners were among the highest risers of the day, with Kazakhmys, Antofagasta, V
Read moreLondon midday: Momentum continues as BoE stays put
8th Mar 2012 11:43
- BoE maintains interest rates and asset purchases. - Greek debt-swap participation rate estimated at 60 percent. - Miners lift the Footsie higher. The earlier momentum had continued by lunchtime after the Bank of England announced that it has decided to maintain its interest rates at 0.5 percent,
Read moreLondon open: Markets await news from Greece
8th Mar 2012 08:34
- Greek debt-swap participation rate estimated at 60 percent. - Markets await policy decisions from BoE, ECB. - ARM rises after iPad launch, Morrison jumps on strong 2011. London's blue chip index continued its strong performance ahead of policy decisions from the Bank of England (BoE) and the Euro
Read moreFTSE 100 movers: Ex-div stocks provide a drag, Admiral jumps
7th Mar 2012 15:01
Cigarettes maker British American Tobacco was the heaviest faller after trading without the right to its latest dividend. Irish building materials group CRH and banking giant Standard Chartered were also declining after going ex-dividend. Meanwhile, car insurance giant Admiral soared in to top spot
Read moreAntofagasta CEO quits, Chairman to take over
7th Mar 2012 13:19
Antofagasta's Chief Executive Officer, Marcelo Awad, has resigned his position with immediate effect. The mining firm said that until a successor is appointed, Chairman Jean-Paul Luksic will assume the CEO responsibilities on an interim basis. Luksic released a statement saying the group "will c
Read moreLondon close: Footsie drops nearly 2 percent on Greek worries
6th Mar 2012 16:57
- Uncertainties surrounding Greek debt-swap participation. - Oil falls as EU restarts talks with Iran. - Polymetal tumbles after UBS downgrade. Global stock markets tanked on Tuesday on the back of speculation that the Greek debt-swap may not receive as many acceptances as hoped for. The miners wer
Read moreLondon open: Stocks fall ahead of Greek debt-swap
6th Mar 2012 08:33
- IIF warns of 1trn euro damage to Eurozone. - Fresnillo bucks sector trend to rise after results. - Defensives in demand. With just a couple days to go before the Greek debt-swap deadline, investors were in a cautious mood as the Footsie slipped lower in early trading on Tuesday. Europe is awaiti
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