London close: Strong finish for UK markets after Fed decision
19th Sep 2013 16:46
After a strong day's trading at around 90 points above the opening bell, the FTSE eased somewhat lower in late trading to close at 6,625.39, 66.57 points (1.01 per cent) above yesterday's finish. The surge came after the Federal Reserve surprised market participants with its decision to maintain it
Read moreFTSE 100 movers: Miners track metal prices higher
19th Sep 2013 14:17
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillo, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and copp
Read moreSector movers: Miners rally as precious metals rise
19th Sep 2013 13:40
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillio, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and co
Read moreFTSE 100 movers: Smiths leads risers on special dividend payment
18th Sep 2013 15:16
Engineering firm Smiths Group was the top riser after raising its full-year dividend by four per cent and returning 118m pounds to shareholders by way of a special dividend as annual results came in slightly ahead of analysts' estimates. ARM Holdings was looking up on the back of generally positive
Read moreBroker tips: Smiths Group, Fresnillo, Debenhams
18th Sep 2013 12:10
Shares in technology firm Smiths Group were making gains on Wednesday morning as the company impressed with its annual results, with Investec providing a boost after raising its target price for the stock. Investec raised its target price for Smiths from 1,500p to 1,590p and maintained its 'buy' ra
Read moreBroker snap: UBS cuts Fresnillo target on Mexican mining taxes
18th Sep 2013 11:08
UBS has reduced its estimates for precious metals producer Fresnillo after the recent news about unexpected increases to mining royalties in Mexico. Measures announced earlier in the year proposed a new royalty on Mexican miners at 5% of earnings before interest, tax, depreciation and amortisation
Read moreFresnillo awaits Magistrate's decision over explosive permits
18th Sep 2013 10:16
Mining group Fresnillo said Wednesday that a court has appointed an expert to make decisions about the temporarily suspended Minera Penmont's explosive permits. The expert has written a report about the boundaries of the area of land and has subsequently submitted the report stating these boundari
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreLondon close: Stocks at six-week high despite subdued finish
16th Sep 2013 16:30
UK stocks registered decent gains on Monday as markets reacted positively to the withdrawal of Larry Summers from the candidacy to head the Federal Reserve, though investors turned more cautious towards the end of the session. Gains were trimmed slightly in afternoon trade on reports of a shooting
Read moreFTSE 100 movers: Fresnillo plunges on levy concerns
16th Sep 2013 14:40
Precious metals miners Fresnillo has plummeted on concerns over levies on the mining sector in Mexico. "All of Fresnillo's seven operational mines are in Mexico, leaving it heavily exposed to such an increase in its tax burden," said Financial Sales Trader Max Cohen from Spreadex. Sector peer ENRC
Read moreLondon midday: FTSE 100 at six-week high after Summers' withdrawal
16th Sep 2013 11:30
News that Larry Summers has dropped out of the running for Federal Reserve Chairman gave market sentiment a boost on Monday morning while concerns over Syria eased. London's FTSE 100 surged to a six-week high of around 6,639 today - the last time the index closed higher was on August 2nd when it en
Read moreLondon open: Stocks jump ahead of Fed, Syria concerns ease
16th Sep 2013 08:29
Markets opened strongly on Monday morning as eyes begin to turn to the Federal Reserve ahead of its all-important policy meeting this week while concerns about Syria eased. The Federal Open Market Committee's two-day meeting is due to come to a close on Wednesday and will likely be one of the most
Read moreLondon midday: Markets turn lower ahead of Fed, Syria developments
13th Sep 2013 11:58
The FTSE 100 was trading slightly lower on Friday morning, pulling back from yesterday's close of 6,586.08 - its highest closing level since August 13th - as investors await the Federal Reserve policy meeting next week and continue to digest developments in Syria. The heavyweight mining sector was p
Read moreLondon close: Stocks flat as eyes turn to Fed meeting
12th Sep 2013 16:37
The spotlight was back on US economic data on Thursday with markets ending flat as investors looked ahead to the next policy meeting at the Federal Reserve. The FTSE 100 finished just 0.55 points higher at 6,588.98. Nevertheless, this was still the third straight day in positive territory for Londo
Read moreFTSE 100 movers: Morrisons rises on H2 expectations
12th Sep 2013 14:36
Morrison Supermarkets was in the top spot this afternoon after saying it expects sales to improve in the second half. The rise came despite a fall in first half profit on nearly flat turnover. Analysts at Jefferies said it was a "mixed" first half, but an "undemanding valuation and a clear reduction
Read more