London midday: Footsie drops nearly 100 points on euro fears
23rd Jul 2012 11:42
- Spanish and Greek concerns weigh on stocks - Spanish yields continue to soar - Chinese policy-maker warns of slowing growth Concerns about Spain's financial health and renewed speculation about a Greek exit from the Eurozone sank European markets on Monday morning, prompting US stock futures to t
Read moreAquarius Platinum warns about upcoming strikes
23rd Jul 2012 09:07
The boss of Aquarius Platinum has warned his firm is likely to be hit by strikes over the South African winter. In a production update the Chief Executive, Stuart Murray, said that "the likelihood of industrial action [...] is high, largely as a result of inter-union rivalries. "Aquarius is by no
Read moreLondon open: Markets drop on Eurozone debt concerns
23rd Jul 2012 08:25
- Banks and miners dent the Footsie - Eurozone concerns dampen sentiment - Spanish 10-year bond yield at 7.556 per cent European stocks dropped sharply on Monday morning as concerns about the Eurozone debt crisis provoked fear on equity markets. London's Footsie lost 1.5% of its value in the openi
Read moreLondon open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreBroker snap: Credit Suisse downgrades BHP, cuts targets for miners
12th Jul 2012 10:06
Credit Suisse has revised its target prices across the mining sector lower after cutting its commodity price estimates; as part of this review, the broker has downgraded its rating for BHP Billiton. The broker said that decelerating global growth and falling risk appetite have taken their toll on c
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreFTSE 250 movers: New World Resources falls on downgrade
9th Jul 2012 15:26
Head coal and coke producer New World Resources was a heavy faller after Bank of America Merrill Lynch downgraded its rating on the stock to 'underperform'. Kenmare Resources (following a profit-warning from titanium feed-stock producer Iluka), Centamin and Aquarius Platinum were also firmly out of
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
Read moreLondon open: Stocks slip ahead of Eurogroup meeting
9th Jul 2012 08:55
- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreLondon close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreFTSE 250 movers: Invensys drops after bid talks fizzle out
21st Jun 2012 15:34
Following a massive jump the day before on the back of bid speculation, shares of Invensys plummeted on Thursday after it said that while rumours of an approach from Emerson Electric proved to be correct, these discussions 'are no longer ongoing'. The maker of rail signalling and industrial automa
Read moreAquarius mothballs another mine
21st Jun 2012 07:52
Recent trading updates from Aquarius Platinum have contained lengthy diatribes about the difficulties of running a mining business in Africa, but with the announcement of the mothballing of another of its mines, it is clear the company is not just having a whinge. A mere 10 days after the platinum
Read moreFTSE 250 movers: Aquarius Platinum dives on operations halt
11th Jun 2012 14:59
Aquarius Platinum disappointed investors after saying that its operations with its Marikana Pooling and Sharing Agreement in South Africa are being put on hold as a result of the ongoing low PGM (platinum group metals) basket price. 'Trading conditions in the platinum industry are expected to remain
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