Friday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreLondon close: Stocks fall one per cent on earnings, taper fears
12th Dec 2013 16:39
- Perform plummets after profit warning - Sports Direct and Wood Group fall sharply after results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October techMARK 2,652.61 -0.83% FTSE 100 6,445.25 -0.96% FTSE 250 15,211.54 -1.20% The FTSE 100 finis
Read moreFTSE 100 movers: Sports Direct dives in spite of leap in H1 profit
12th Dec 2013 15:17
Sportswear and equipment retailer Sports Direct slumped today despite delivering a near-17 per cent jump in underlying profits during its first half, driven by an increase in online and international sales. However, the company did say that '[current] trading has now reverted to management's origina
Read moreLondon midday: Sports Direct, Wood Group, SuperGroup drag markets lower
12th Dec 2013 11:21
- Sports Direct, Wood Group, SuperGroup fall after updates/results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October - Capital Economics sees 7,500 level for FTSE 100 in 2015 techMARK 2,650.21 -0.92% FTSE 100 6,442.07 -1.01% FTSE 250 15,247.68
Read moreLondon close: Stocks slip after weak start on Wall Street
10th Dec 2013 16:44
- Markets fall as investors look ahead to Fed meeting - Economic data from China, UK reports comes in mixed - Gold miners track metal prices higher - Weir gains on M&A rumours techMARK 2,672.70 -0.26% FTSE 100 6,523.31 -0.55% FTSE 250 15,410.79 +0.12% UK stocks finished firmly lower on Tuesday aft
Read moreFTSE 100 movers: Miners track metal prices higher
10th Dec 2013 15:14
Randgold Resources topped the leader board this afternoon, tracking the price of gold higher, which was up 29 dollars, or 2.35 per cent. Likewise, Fresnillo, which fell earlier in today's session, rebounded into positive territory despite lowering its annual gold production forecast by 8.4% to 425
Read moreLondon midday: Weir leads markets higher as stocks rise for third day
10th Dec 2013 11:16
- FTSE 100 tracks S&P 500 higher after another record close - Taper speculation picks up ahead of Fed meeting - China, UK data comes in mixed - Weir extends gains on GE bid reports techMARK 2,685.85 +0.23% FTSE 100 6,571.16 +0.18% FTSE 250 15,455.13 +0.41% UK markets were rangebound on Tuesday mor
Read moreBroker snap: Little reason to hold Fresnillo, says Prime Markets
10th Dec 2013 10:44
Prime Markets has labelled precious metals miner Fresnillo as a 'sell', saying that it sees significantly downside risk for the stock in the near term. Fresnillo said on Tuesday that full-year gold production would be 8.4% lower than its previous guidance of 465,000 ounces, though it is still guidi
Read moreLondon open: Stocks at one-week high, Lloyds gains
10th Dec 2013 08:17
- UK market at highest since December 2nd - S&P 500 hits 39th record close this year - Taper speculation picks up ahead of Fed meeting - Carney calls for sustained low rates techMARK 2,684.69 +0.19% FTSE 100 6,567.32 +0.12% FTSE 250 15,424.59 +0.21% UK markets opened with small gains on Tuesday mo
Read moreFresnillo lowers annual gold production guidance
10th Dec 2013 07:24
Fresnillo has lowered its annual gold production forecast by 8.4 per cent to 425,900 ounces. The miner's silver production guidance for the year ended December 31st 2013 remained unchanged. At the same time the company announced that a temporary stay order, requested by the Ejido El Bajio, to avo
Read moreLondon close: Markets edge higher despite falls from Tullow, miners
9th Dec 2013 16:56
- Markets edge higher after positive start on Wall Street - Tullow Oil, mining stocks limit gains in London - Chinese exports slow; Japan GDP revised lower techMARK 2,679.67 +0.34% FTSE 100 6,559.48 +0.11% FTSE 250 15,391.79 +0.49% Markets finished with small gains on Friday after a decent start o
Read moreFTSE 100 movers: Tullow, mining stocks provide a drag
9th Dec 2013 14:57
Oil group Tullow was among the worst performers on Monday after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia as it failed to encounter oil. Mining stocks were also under heavy selling pressure despite data showing a strong acceleration in export growth last month
Read moreLondon midday: Mining stocks drag FTSE 100 lower
9th Dec 2013 11:33
- Miners lower as investors digest China trade data - Japanese growth estimates lowered for Q3 - Tullow disappoints after abandoning well techMARK 2,677.57 +0.26% FTSE 100 6,539.02 -0.20% FTSE 250 15,341.86 +0.16% Weakness in the heavyweight mining sector kept London's FTSE 100 index in the red on
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreFTSE 100 movers: Miners gain, supermarkets fall
5th Dec 2013 14:08
Mining stocks were performing well on Thursday as share prices recovered after a sell-off earlier in the week. Global diversified miner Vedanta Resources was a high riser as analysts at both AlphaValue and RBC Capital Markets upgraded their ratings for the stock. Other metal producers including An
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