London close: Stocks fall as Spanish bond yields jump
9th Jul 2012 16:30
- Spanish yields back above 7.0 per cent - All eyes on Eurogroup meeting - Defence stocks rise on contract hopes Stocks were trading near their lowest levels of the day by Monday's close as bond yields in Spain surged while European officials met in Brussels. By the close in London, the yield on a
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 moreCentamin quashes press report
9th Jul 2012 10:27
Egypt-focused gold miner Centamin's share price plummeted on Monday morning on the back of reports in an Egyptian newspaper which cited an un-named government source as stating that there have been breaches of the company´s concession agreement. The firm, however, has been quick to refute the repor
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 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 moreLondon close: Eurozone uncertainties fuel risk aversion
25th Jun 2012 16:43
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues Mining stocks were dragging London's FTSE 100 sharply lower on Monday, as investors sold off 'riskier' assets. However, it was Shire that finished the day as the wor
Read moreFTSE 250 movers: Centamin leaps on broker comment
25th Jun 2012 14:15
Gold miners Centamin and Petropavlovsk were benefiting from bullish remarks from Nomura about the gold sector. "Gold remains fundamentally supported by long-term trends", including increasing gold holdings within central bank reserves and strong Chinese demand. Essar Energy, the India-focused in
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
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 moreChief Executive pay keeps rising
12th Jun 2012 09:05
FTSE 100 Chief Executives enjoyed bumper pay rises in 2011 while their employees got virtually no increase at all, according to a new report. The average wage earned by Chief Executives in the UK's biggest firms was £4.8m, up 12% on the year before. In contrast, employees at FTSE 100 companies saw
Read moreBroker tips: Centamin, Synergy Health, Halfords
7th Jun 2012 12:10
Nomura has upgraded its rating for Egyptian gold miner Centamin from neutral to buy and increased its target price from 100p to 130p, saying that operational momentum may be turning positive after '18 months to forget'. "With the planned open-pit pushback now optimised for 2013-15 [following last w
Read moreBroker snap: Nomura upgrades Centamin to buy
7th Jun 2012 12:08
Nomura has upgraded its rating for Egyptian gold miner Centamin from neutral to buy and increased its target price from 100p to 130p, saying that operational momentum may be turning positive after '18 months to forget'. "Centamin has faced many challenges over the past 18 months including delays in
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read more