London 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
Read morePrecious metals slump weighs on Fresnillo performance
4th Aug 2015 08:36
(ShareCast News) - Mining company Fresnillo blamed lower precious metals prices for a drop in first half profit, as it reduced its capital expenditure forecasts for the year. The gold and silver miner posted profit down 44.3% to $76.4m, and noted silver prices were down by 18%, while gold was down 7
Read moreFTSE 100 movers: Intertek surges on first-half numbers but miners slump on China woes
3rd Aug 2015 16:40
(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. Intertek surged after posting a 16% rise in first-ha
Read moreFTSE 100 movers: Reckitt Benckiser, Randgold, Centrica
27th Jul 2015 18:48
(ShareCast News) - Reckitt Benckiser bumped up its target for like-for-like revenue growth and investors did the same with stock in the consumer goods giant. Pre-tax profit for the six months ended 30 June came in at £912m from £838m in the same period last year, on net revenue of £4.36bn, up 4% fro
Read moreFTSE 100 movers: Easyjet soars on higher earnings outlook, insurers extend gains
22nd Jul 2015 14:40
(ShareCast News) - London markets edged lower on Wednesday after the Bank of England's rate-setting meeting had investors fretting about inflation risks. As of 15:00, the FTSE 100 was trading 1.4% lower at 6,672. Leading the fallers was ARM Holdings, which dropped after the chip maker reported seco
Read moreFresnillo's interim production rises, lifts annual gold output guidance
22nd Jul 2015 09:02
(ShareCast News) - Mining giant Fresnillo reported a significant increase in gold and silver output in the first half of 2015. The group said silver production in the first six months of the year amounted to 23.8m ounces, a 10.6% increase year-on-year, as lower production from its Fresnillo mine in
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read moreFTSE 100 movers: Sports Direct kicked higher, Pearson spikes on FT rumours
20th Jul 2015 14:02
(ShareCast News) - London markets inched higher on Monday as weakness in the commodities market was outshone by strength in the pharmaceutical, technological and financial sectors. As of 14:15 BST, the FTSE 100 was trading 0.23% higher at 6,791. Sports Direct International topped the risers as Exan
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