Thursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreFTSE 100 movers: BP leads market fallers on losses
2nd Feb 2016 14:13
(ShareCast News) - The FTSE 100 was back below 6,000 on Tuesday, dropping 151.22 points (2.5%) to 5,908.88 by mid-afternoon. BP took the biggest hit after $2.6bn of write-downs and restructuring charges sent it crashing into losses for the fourth quarter and full year. A $3.31bn loss was reported f
Read moreSunday newspaper tips: Ocado, Satellite Solutions, BHP Billiton, Rio Tinto
31st Jan 2016 14:29
(ShareCast News) - Sell shares in Ocado, said the Sunday Times' Inside the City column, as it has failed to deliver its long-promised deal to license out its online grocery technology to an overseas supermarket. Of course such a deal could still appear and help stop the shares' decline. However, it
Read moreLondon close: Equities close higher as oil prices rise, BoJ loosens policy
29th Jan 2016 16:11
(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.
Read moreLondon midday: Stocks gain on BoJ's negative interest rate
29th Jan 2016 11:00
(ShareCast News) - London stocks gained on Friday as investors cheered the Bank of Japan's latest policy announcement. The Bank of Japan unexpectedly decided to introduce a negative interest rate of -0.1% for new commercial banks' current account deposits. It means the banks will charged by the BoJ
Read moreBHP Billiton may need to raise up to $10bn to keep credit rating, says Liberum
22nd Jan 2016 10:36
(ShareCast News) - BHP Billiton may need to raise between $5bn and $10bn to keep hold of its solid A credit rating, Liberum analyst Richard Knights said. "Slashing capital expenditure and even cutting its dividend to zero are not sufficient for BHP to realistically retain a 'solid A' credit rating,
Read moreBroker tips: Schroders, Asos, BHP Billiton
21st Jan 2016 16:21
(ShareCast News) - Schroders current share price offers an attractive entry point for investors, having dropped said RBC Capital Markets as it upgraded the asset manager to 'outperform'. Setting a price target of 3,100p that offers more than 25% upside, RBC said Schroders had the strongest balance s
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read moreBHP Billiton dividend cut looming large, UBS warns
21st Jan 2016 11:05
(ShareCast News) - BHP Billiton will cut its dividend after being mauled by a combination of one-off costs, impairment charges and commodity prices at multi-year lows, UBS predicted on Thursday. On the positive side of the ledger, Wednesday's half-year report showed coal, copper and petroleum produc
Read moreInvestec downgrades BHP Billiton, Anglo American, Ferrexpo
20th Jan 2016 09:08
(ShareCast News) - Investec cuts its ratings on BHP Billiton, Ferrexpo and Anglo American and slashed its price targets, as it took a look at the mining sector, downgrading its commodity price forecasts. "Current market conditions represent the perfect storm for commodities given that demand is fall
Read moreLondon pre-open: Stocks seen lower on weak Asian cues as oil slides
20th Jan 2016 07:17
(ShareCast News) - London stocks are expected to open lower on Wednesday, taking their cue from a downbeat session in Asia amid sliding oil prices. The FTSE 100 is seen starting 125 points lower than Tuesday's close at 5,751. "This morning we'll get the latest labour market data from the UK and o
Read moreBHP Billiton cuts iron ore production guidance in wake of Samarco
20th Jan 2016 07:10
(ShareCast News) - BHP Billiton maintained full year guidance for oil, copper and coal but iron ore production is expected to be reduced by 10m tonnes due to the dam disaster at Brazil's Samarco. The Anglo-Australian miner's underlying half-year profits will be hit by charges of between US$300m and
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreFTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
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