London close: Global stocks surge as China concerns ease
13th Jul 2012 16:38
- Stocks surge on Chinese data - JPMorgan reports profit despite big trading loss - Moody's downgrades Italian credit rating Better-than-expected growth data from China and well-taken quarterly results from JPMorgan Chase & Co sent global stock markets soaring on Friday, as investors shrugged off a
Read moreFTSE 250 movers: Electrocomponents rises after table quarter
13th Jul 2012 13:28
Electronics and maintenance products distributor Electrocomponents was higher after saying that sales in the three months to the end of June were at a similar level to the previous financial year. Avocet Mining was also heading higher as metals prices firmed on the improved outlook for China. Boo
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
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 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 moreFTSE 250 movers: Talvivaara dives on production warning
3rd Jul 2012 14:03
Resource group Talvivaara plunged after saying that it is unlikely to hit its nickel production targets this year as a result of flooding, scheduled maintenance and a fatality-related stoppage during its second quarter. Sector peer Avocet fell after Nomura slashed its target price on the stock by
Read moreLondon midday: Barclays, miners provide a lift in London
3rd Jul 2012 11:44
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher Trade was choppy on Tuesday morning, but the Footsie edged higher on the back of strength in the mining sector. However, the index stayed within a narrow range with just
Read moreBroker tips: Barclays, Man Group, Avocet Mining
3rd Jul 2012 10:54
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned. "We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelen
Read moreBroker snap: Nomura cuts target for Avocet after 'teething problems'
3rd Jul 2012 10:50
Nomura has slashed its target price for FTSE 250 west Africa-focused gold miner Avocet Mining by nearly a half following the recent production downgrade and news of delayed project expansion. "After a positive commissioning phase in which nearly all production and cost targets were met, the Inata m
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
Read moreMonday broker round-up
2nd Jul 2012 09:28
Amlin: Jefferies keeps hold rating and 350p target. Avocet Mining: Numis downgrades to hold, target slashed from 230p to 130p; Westhouse Securities downgrades to neutral, target cut from 262p to 102p; JP Morgan Cazenove downgrades to neutral, target cut from 240p to 100p. Barclays: Investec mainta
Read moreLondon close: Global stocks surge after EU agreements
29th Jun 2012 16:30
- Major breakthrough at EU summit - Equity markets rocket across the globe - Another banking scandal hits Barclays London blue chips rallied on Friday on the back of developments at the EU summit overnight, as analysts hailed the agreements as a major breakthrough. The agreements include: the Euro
Read moreAvocet Mining plunges on production downgrade
29th Jun 2012 13:19
Avocet Mining saw its share price plunge on Friday after the gold miner admitted that it now expects its gold production for 2012 to be reduced from 160,000 ounces to between 135,000 and 140,000 ounces. In addition, production guidance for 2013 has been lowered from the previous figure of 160,000
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 moreLondon midday: Stocks jump ahead of ECB rate decision
6th Jun 2012 11:39
- All eyes on the ECB - UK construction PMI falls in May - Man Group, miners and banks lead the rise London's blue chip index was firmly higher by Wednesday lunchtime as investors looked ahead to an interest rate decision in Europe due out this afternoon. While the European Central Bank (ECB) is g
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