FTSE 100 movers: Barclays and Glencore fall after annual results, Taylor Wimpey higher
3rd Mar 2015 13:44
Shares in Barclays fell after the bank set aside a total of £1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates. The news came as Barclays reported a pre-tax loss of £532m for the fourth quarter. Commodities trader and mi
Read moreSector movers: Miners fall as PBOC rate cut underwhelms
2nd Mar 2015 15:37
Mining stocks declined on Monday as investors shrugged off some improving economic data from top metals user China and a rate cut by its central bank in an attempt to boost growth. The People's Bank of China (PBOC) cut its benchmark interest rate by a quarter point for the second time in three month
Read moreFTSE 100 movers: HSBC lower on tax scandal fines, LSE boosted by higher price target
23rd Feb 2015 14:59
HSBC was among the fallers after reporting a 17% drop in pre-tax annual profit to $18.68bn, as the lender was hit by fines for its involvement in the foreign exchange rigging scandal. Chief executive Stuart Gulliver said 2014 was a "challenging year in which we continued to work hard to improve busi
Read moreBroker tips: Tesco, Fresnillo, Coca-Cola HBC
18th Feb 2015 11:44
The appointment of Dixons Carphone chairman John Allan as the head of Tesco's board has been applauded by analysts at Shore Capital, who said it represented "another job completed in the repair of Tesco". The broker, which kept a 'hold' rating on the supermarket stock, said that Allan "has a disting
Read moreFresnillo may not pay a final dividend for 2014, says UBS
18th Feb 2015 09:50
UBS has lowered its target price for Fresnillo, saying that the Mexican precious metals miner's final dividend payout for 2014 is "uncertain". The bank cut its 12-month target for the shares from 950p to 850p and retained a 'neutral' recommendation for investors. Fresnillo last week updated the mar
Read moreFTSE 100 movers: Astrazeneca lower as patent rejected, BHP boosted by Pakistan disposal
16th Feb 2015 14:11
Astrazeneca was trading lower after its patent on its Pulmicort Respules treatment for asthma was ruled by a US court as invalid. The US District Court of New Jersey ruling paves the way for generic versions of the lung drug to be released into the market. Actavis said it released a version of the d
Read moreLondon close: FTSE closing in on record high as commodity stocks rally
13th Feb 2015 16:30
UK stocks jumped on Friday as rising commodity prices lifted shares in the oil and mining sectors, while hopes increased that Europe can come to an agreement over the future of Greece. The FTSE 100 rose 0.7% to 6,873.52 by the end of trade, its best finish since early September 2014. The index is no
Read moreFTSE 100 movers: Glaxosmithkline upgraded, miners and oil stocks higher
13th Feb 2015 14:29
Glaxosmithkline's shares were given a boost by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point" after a tough few years. The bank hiked its target price for the stock from 1,250p to 1,700p. The sh
Read moreLondon midday: Eurozone GDP data lifts markets as resource stocks rise
13th Feb 2015 11:37
Stronger-than-expected Eurozone growth figures and easing concerns about Ukraine and Greece gave stocks a boost in London on Friday, with resource shares leading the advance. The FTSE 100 was trading 0.6% higher at 6,869 by midday, as metal and oil stocks tracked commodity prices higher. Eurozone g
Read moreLondon open: German GDP gives sentiment a boost as UK stocks rise
13th Feb 2015 09:13
Strong gains in the mining and oil sectors pushed UK stocks higher on Friday, as investors showed optimism after much better-than-expected growth figures from Germany. London's FTSE 100 was up 0.75% at 6,879 early on, as resource shares tracked commodity prices higher. German gross domestic product
Read moreFresnillo hit by FX and write-downs, but revalues Silverstream higher
13th Feb 2015 08:09
Mexican precious metals miner Fresnillo delivered a mixed update on Friday as it explained how movements in foreign exchange, the revaluations of assets and depreciation would affect its 2014 results. A strengthening dollar against the Mexican peso led to a significant increase to the deferred tax c
Read moreSector movers: Miners rise on Ukraine ceasefire deal, Rio Tinto jumps
12th Feb 2015 14:47
Mining stocks gained on Thursday, benefitting from an increase of risk appetite across financial markets as tensions between Ukraine and Russia eased, while Rio Tinto impressed with its annual results. Russian president Vladimir Putin on Thursday morning confirmed that the country had reached a ceas
Read moreLondon close: Greek fears rattle stocks, but miners limit downside
9th Feb 2015 16:35
London's FTSE 100 had trimmed losses by the end of the session but still finished in the red as ongoing concerns about the future of Greece weighed on market sentiment. "Eurozone equities are being ground down by Greek fears, and financial stocks across the EU are bearing the brunt of the sell-off,"
Read moreSector movers: Mining stocks in demand despite worsening outlook for China
9th Feb 2015 14:46
Mining stocks were resilient in the face of some gloomy trade figures from top metals consumer China on Monday, as hopes increased for further stimulus measures by Beijing to avert a sharp slowdown in economic growth. The Chinese trade surplus unexpectedly ballooned to a record $60bn in January from
Read moreFTSE 100 movers: Hargreaves Lansdown falls short of expectations, Sky higher on strong interim figures
4th Feb 2015 13:51
Half-yearly results from fund manager and savings outfit Hargreaves Lansdown showed record assets under administration and growing client numbers, though shares fell sharply after revenues and profits came in shy of City expectations. Analysts at Shore Capital said: "The figures show a slight improv
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