Sector movers: Anglo American leads miners lower
10th May 2013 15:30
Anglo American shares took a hit after its Amplats subsidiary announced plans to axe 6,000 jobs in an effort to reduce costs and improve efficiencies. The move comes as part of a number of proposals aimed at restoring profitability to the mining company. Proposals include revising its baseline pro
Read moreFTSE 100 movers: BT Group charges into the top spot on strong results
10th May 2013 15:29
Shares in BT Group soared on Friday after posting very strong results which saw annual pre-tax profit rise 11 per cent. Adding to the gains was the previous day's news that it will soon offer its sports channels free to any BT broadband customer. Shares in Shire also leapt after it announced Thursd
Read moreFresnillo announces new CEO and confirms placing of 19.7m shares
2nd May 2013 12:53
Mining giant Fresnillo has reported another year of good operational performance as it announced its new Chief Executive and confirmed the placing of 19.7m new shares at 1,130p each. Speaking at its annual general meeting, the company unveiled Octavio Alvídrez as its new Chief Executive Officer, w
Read moreFTSE 100 movers: BT leads the way after o2 deal
1st May 2013 14:52
BT Group shares were leading the risers on Wednesday after signing a 10-year deal with o2 to create a new 4G network worth in the region of 500m pounds. Speciality chemicals group Johnson Matthey has made strong gains after a positive update from Credit Suisse said that weaker platinum prices have
Read moreSector movers: Miners fall as manufacturing data disappoints
1st May 2013 14:42
After a strong start on Wednesday morning, mining stocks were in the red by the end of the session as declining manufacturing figures from the world's two largest economies worsened the demand outlook for commodities. The Institute for Supply Management's US manufacturing purchasing managers' index
Read moreLondon midday: Stocks extend gains ahead of Fed decision
1st May 2013 11:27
The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday. A slowdown in Chinese manufacturing growth didn't have too much of an effect on markets early on as trade
Read moreLondon open: Miners shrug off disappointing Chinese data
1st May 2013 08:21
A slowdown in Chinese manufacturing growth didn't have too much of an effect on stock markets on Wednesday morning as traders showed optimism in anticipation of a continuation of monetary stimulus from the US and a rate cut in Europe this week. Nevertheless, volumes are expected to be low today giv
Read moreTuesday broker round-up UPDATE
30th Apr 2013 08:20
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou
Read moreLondon close: Aberdeen leads markets to strong finish
29th Apr 2013 16:58
A combination of political developments in the Eurozone, positive US data and optimism about central-bank stimulus lifted markets higher on Monday as stocks extended gains following a strong showing last week. Markets across Europe started today's session strongly after Italy formed a new coalition
Read moreFTSE 100 movers: Aberdeen Asset Management leads risers
29th Apr 2013 15:08
Aberdeen Asset Management was the stand out performer on Monday after it said assets under management (AuM) increased in the last six months, as risk appetite continued to improve. AuM increased 13% to £212.3bn for six months to March 31st 2013 from the same time a year earlier on the back of a po
Read moreFresnillo places 19.6m shares with existing investor
29th Apr 2013 07:47
Mining group Fresnillo has announced plans to issue just over 19.6m shares - equal to around 2.74 per cent of the current shares in the company - to funds and accounts managed by First Eagle Investment Management, an existing shareholder. The shares will be subscribed for at a price of 1,130p each
Read moreLondon midday: Miners fall ahead of US growth figures
26th Apr 2013 12:08
Stocks in the UK slipped on Friday morning as traders took profits after a three-day winning streak with markets nervous ahead of economic growth data from the United States this afternoon. The US Commerce Department is expected to reveal that gross domestic product (GDP) in the world's largest eco
Read moreLondon open: Markets nervous ahead of US GDP data
26th Apr 2013 08:41
Markets opened in negative territory on Friday morning as eyes turned to the all-important reading of first-quarter economic growth in the US. The US Commerce Department is expected to reveal later on that gross domestic product (GDP) in the world's largest economy expanded at a 3.0% pace in the fi
Read moreLondon close: Markets underwhelmed by strong growth figures
25th Apr 2013 17:00
UK growth figures prompted a mixed reaction on stock markets on Thursday as stronger-than-expected activity in the first quarter quashed hopes that the Bank of England (BoE) would ramp up its quantitative easing programme in order to kick-start the economy. Nevertheless, data from the States lifted
Read moreFTSE 100 movers: Miners lead the risers
25th Apr 2013 15:23
Mining stocks rose on Thursday on the back of rising metal prices, led by Randgold Resources, Antofagasta, Vedanta, ENRC, and Polymetal. Heading the other way was consumer good group Unilever after it had to rely on robust growth from emerging markets as it grew marginally slower than expectations
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