Broker snap: Fresnillo attractive in uncertain environment, says UBS
13th Aug 2013 11:14
The share price of precious metals miner Fresnillo continued to rebound strongly on Tuesday following recent falls, with UBS providing a boost after initiating coverage of the stock with a 'buy' rating and 1,250p target price. Since Fresnillo's first-half report on August 6th - in which the company
Read moreLondon open: Resolution leads markets higher ahead of economic data
13th Aug 2013 08:44
Markets gained strongly on Tuesday morning with insurance firm Resolution providing a lift ahead of a flurry of economic data due out later on, as stocks rebounded strongly following a relatively quiet session the day before. On the schedule for today is consumer sentiment figures in Germany, UK in
Read moreLondon close: Markets finish lower despite mining strength
12th Aug 2013 16:44
Markets were choppy on Monday with early gains on the FTSE 100 being erased by the end of trade as traders reacted to mixed newsflow from Asia and Europe. Even a strong performance in the heavyweight mining sector wasn't enough to push the London benchmark into positive territory today, with Financ
Read moreSector movers: Miners jump on Chinese stimulus hopes
12th Aug 2013 15:35
Rumours of stimulus measures from top consumer China sparked some strong gains in the mining sector on Monday as stocks extended gains following last week's upbeat economic data from the Asian powerhouse. Traders were reacting to a report from the South China Morning Post (SCNP) which suggested tha
Read moreFTSE 100 movers: Prudential lifts H1 profits
12th Aug 2013 15:00
Higher income from the US and growth in Asia boosted first half operating profits at insurer Prudential by 22 per cent to 1.415bn pounds. The shares surged to the highest level since at least 1988 as the group raised its interim dividend 16 per cent to 9.73p per share. Silver miner Fresnillo and Ra
Read moreLondon midday: Markets fall on low volumes, Japan data
12th Aug 2013 11:52
In spite of a decent start, the FTSE 100 had swung into the red by Monday lunchtime, with analysts citing low volumes and weaker-than-expected economic data from Japan. Asian markets were mixed overnight with Chinese benchmarks performing well on an improved outlook in China, while Tokyo's Nikkei w
Read moreLondon open: Miners, RBS lead markets higher early on
12th Aug 2013 08:17
Markets edged higher in early trading on Monday as stocks reacted to an improving outlook in China and shrugged off disappointing economic figures from Japan. Sentiment surrounding China brightened last week as better-than-expected trade figures, strong industrial production data and subdued inflat
Read moreLondon close: Stocks jump as optimism over China grows
9th Aug 2013 16:34
Markets rallied strongly on Friday as economic data from the world's top metals consumer, China, sparked some impressive gains in the heavyweight mining sector. A day after trade figures came in ahead of expectations, the outlook for China brightened further with strong industrial production figure
Read moreSector movers: Chinese data boosts mining stocks
9th Aug 2013 15:08
Upbeat economic data from China boosted share prices in the mining sector on Friday as the outlook improved for the world's top metals consumer. Miners were extending gains made on Thursday after Chinese trade figures were well received by the market with both imports and exports smashing forecasts
Read moreFTSE 100 movers: Mining stocks advance after China data
9th Aug 2013 13:12
Mining companies rallied after a slate of upbeat Chinese data eased worries of a slowdown in the world's second largest economy. Fresnillo and Glencore Xstrata were the top risers followed by Randgold Resources, Anglo American and Rio Tinto. Vodafone Group edged higher after announcing it would l
Read moreLondon midday: Markets rise on upbeat data from China, UK
9th Aug 2013 11:31
Strong data from China and increasing momentum in the UK economic recovery pushed the FTSE 100 into positive territory on Friday, though markets were rangebound as gains were limited ahead of the weekend. The FTSE 100 was trading just 0.2% higher by midday with just 25 points separating the index's
Read moreLondon open: Miners lift markets as concerns over China ease
9th Aug 2013 08:45
Worries over a slowdown in China eased temporarily on Friday morning after a barrage of strong economic figures from the world's second-largest economy sparked decent gains in the mining sector in London. Chinese industrial production increased at an annual rate of 9.7% in July, an acceleration fr
Read moreSector movers: Chinese trade data gives miners a boost
8th Aug 2013 15:19
Better-than-expected trade figures from China boosted stocks in London's mining sector on Thursday, as equities recovered after some sharp falls in recent days. Disappointing results from heavyweight precious metal groups Randgold and Fresnillo have weighed on the sector this week, with investors a
Read moreLondon open: Chinese trade data lifts markets after sell-off
8th Aug 2013 08:21
Better-than-expected trade figures from China helped push markets in positive territory on Thursday morning but sentiment was still fragile following the heavy sell-off the day before. Concerns about a tapering of stimulus by the Federal Reserve and an underwhelming forward guidance statement from
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
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