FTSE 100 movers: Tesco moves back up the chain
8th Oct 2015 13:28
(ShareCast News) - After a slow start to the morning, the FTSE 100 was up 16.74 points (0.26%) to 6,353.09 by mid-afternoon. Despite Wednesday's announcement that underlying profits are down 55% for the first half of the year, Tesco is leading the risers for the day. UBS on Thursday morning issued a
Read moreFTSE 100 movers: Miners move up while airlines skydive
7th Oct 2015 13:44
(ShareCast News) - The FTSE 100 was up 41.13 points (0.65%) to 6,367.29 by mid-afternoon Wednesday. Mining stocks, specifically Anglo American, Rio Tinto and BHP Billiton drove the market higher on the back of Morgan Stanley upgrading its stance on all three stocks. The investment firm also lifted
Read moreLondon close: Stocks end higher as miners and oil producers rally
6th Oct 2015 16:05
(ShareCast News) - The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied. Oil producers Royal Dutch Shell, BP and BG Group were among the top risers as Brent crude and West Texas Immediate jumped 4% to $51.34 per barrel
Read moreLondon close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
2nd Oct 2015 16:10
(ShareCast News) - UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike. Non-farm payrolls rose 142,000 in September, falling well short of analysts' estimates for a 201,000 increase, the Labor Department revealed. Augu
Read moreFTSE 100 movers: Glencore down on fund criticism; Randgold shines on higher prices
18th Sep 2015 14:14
(ShareCast News) - The FTSE 100 moved into the red as investors in heavweight shares took no comfort from the US Fed decision not to raise interest rates on Thursday. As the week wound down, the index of 100 leading shares was 115 points, or 1.87% lower at 6069. Glencore shares led the fallers, plun
Read moreLondon midday: Stocks decline as investors digest FOMC's rate decision
18th Sep 2015 11:15
(ShareCast News) - UK stocks declined on Friday as the Federal Reserve decided to hold interest rates steady amid low inflation and global pressures. The Federal Open Market Committee announced it would keep rates at 0.25% overnight. The move came as concerns over China's economic slowdown has weigh
Read moreLondon open: Stocks open in the red after Fed keeps rates unchanged
18th Sep 2015 08:32
(ShareCast News) - UK stocks opened in negative territory on Friday as the market continued to process the Federal Reserve's decision to keep interest rates unchanged. The Federal Open Market Committee announced it would hold rates at 0.25% amid low inflation and the recent global market turbulence.
Read moreLondon midday: Stocks edge higher as China unveils state-firm reforms
14th Sep 2015 11:50
(ShareCast News) - London stocks edged higher on Monday after China revealed details of state-business reforms as worse-than-expected data fuelled concerns about the nation's slowdown. China on Sunday outlined plans to restructure its state-owned enterprises, including partial privatisation. The pro
Read moreLondon close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read moreFTSE 100 movers: Hikma nudges up on Goldman upgrade, miners slide
4th Sep 2015 12:06
(ShareCast News) - London's top-flight index was down 2.2% to 6,059.90 at 1515 BST, extending earlier losses following a weaker-than-expected US nonfarm payrolls report. Hikma Pharmaceuticals nudged a little higher after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price t
Read moreRBC Capital downgrades Fresnillo as capex profile weighs on equity
24th Aug 2015 15:20
(ShareCast News) - RBC Capital has slashed its rating for Fresnillo to 'sector perform' from 'outperform' and lowered its price target to 700p from 800p. The bank said while the Mexican metals company reported a good set of interim results, its spending plans could weigh on equity. "Whilst the comp
Read moreFTSE 100 movers: Easyjet falls as Greece, Asia worries drag index lower
21st Aug 2015 13:54
(ShareCast News) - The FTSE 100 fell 1.6% as political turmoil in Greece and further falls in Asia drove the sell off. The index blue-chip shares was down 103.8 points to 6,264 at 1435 BST. Pharmaceuticals firm Shire led the fallers, down 4% while Easyjet flew 3.4% lower. Standard Chartered shares
Read moreCitigroup ups Centamin to 'buy', points to stabilisation in Egypt
13th Aug 2015 12:23
(ShareCast News) - Citigroup upgraded Centamin to 'buy' from 'neutral' and set a new price target of 76p, pointing to a stabilisation of the political situation in Egypt. "During Egypt's more politically-troubled period, we decided that it was not advisable to set a target price for the group and ra
Read moreLondon close: UK stocks end in the red after China cuts renminbi
11th Aug 2015 16:15
(ShareCast News) - UK stocks ended Tuesday's session in the red after China's central bank devalued its currency, adding to concerns about the slowdown in the world's second largest economy. Overnight, the People's Bank of China cut the renminbi's daily fixed rate to the dollar by 1.9% to 6,228, the
Read moreFTSE 100 movers: Prudential rallies as first-half numbers impress, Burberry slumps on yuan devaluation
11th Aug 2015 14:36
(ShareCast News) - London's FTSE 100 index was down 0.8% at 6,681 at 1500 BST, as the devaluation of the yuan hit the heavily-weighted mining sector. Prudential was the standout gainer after the insurer posted a better-than-expected 17% rise in first-half operating profit and lifted its interim divi
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