London close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreFTSE 100 movers: Aggreko tops risers
14th Mar 2013 15:34
Temporary power and temperature control firm Aggreko was the best performer of the day after winning contracts to supply122 MW of gas-fuelled power to utilities in Mozambique and Namibia from its facility at Ressano Garcia in Mozambique, the largest cross-border interim power plant in the world. Jef
Read moreSector movers: Miners fall on Chinese inflation worries
14th Mar 2013 14:48
The mining sector in London was lower across the board on Thursday, weighed down by concerns over inflation in China after the country's central bank hinted that it was willing to tighten monetary policy in an effort to contain prices. People's Bank of China Governor Zhou Xiaochuan said yesterday a
Read moreWednesday tips round-up: Imagination, Close Bros., Fresnillo
13th Mar 2013 07:02
Most companies do not get penalised for telling markets that one of their new revenues streams is on track to double, at least in volume terms. Yet that is, to a certain extent, what happened yesterday with Imagination Technologies. Then again, most companies´ shares do not trade at 34 times´ forwar
Read moreLondon midday: Markets flat despite dismal UK production figures
12th Mar 2013 11:28
The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures. London's benchmark is continuing to hover around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial mark
Read moreLondon open: Footsie holding on to five-year highs
12th Mar 2013 09:05
The FTSE 100 opened in cautious manner on Tuesday morning as investors paused for breath after the index hit fresh five-year highs the day before. London's benchmark is now hovering around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial m
Read moreLower silver prices impact Fresnillo's full-year profits
12th Mar 2013 07:37
Profit contracted by 19 per cent to 845m dollars for the year ended December 31st at FTSE 100 gold and silver producer Fresnillo. In its financial results for the year, the group said that the impact on profit was mostly due to four things: lower silver price; anticipated lower ore grades at the Fr
Read moreLondon pre-open: Stocks to dip on UK house price index decline
12th Mar 2013 07:29
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,504, knocked by news that the UK house price balance dropped to a seasonally adjusted -6 per cent in February, compared to expectations of a rise to -2 per cent (from -4 per cent in January). In the US stocks
Read moreLondon open: Political uncertainty in Italy hammers stocks
26th Feb 2013 08:25
Election results in Italy prompted in a sell-off across European stock markets on Tuesday morning after the country was thrown into a political deadlock. The centre-left party led by Pier Luigi Bersani appears to have won the lower house by a narrow margin though the there was an inconclusive vote
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreLondon close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreSector movers: Insurers and miners take a hit
20th Feb 2013 15:21
Insurance and resources stocks were taking a hit on Wednesday with some heavy falls from RSA weighing on the insurance sector and falling metals prices dampening the mining category. Full-year results from RSA came in broadly in line with analysts' estimates, but a 33% reduction in the dividend sur
Read moreFTSE 100 movers: RSA dives after firm unveils dividend cut
20th Feb 2013 15:13
Full-year results from RSA Insurance were largely in line with estimates, with extreme wet weather in the UK and earthquakes in Italy contributing to a 5.9 per cent fall in operating profit. However, shares tanked after the firm unveiled a 33 per cent cut in its annual dividend due to the likelihood
Read moreSector Movers: Miners drag on FTSE
18th Feb 2013 16:09
Industrial Metals & Mining proved to be the worst performing sector on Monday, dragged lower by weaker metal prices. Gold futures dropped 1.59% to $1,609.50 per troy ounce on Monday afternoon, dragging the likes of Fresnillo lower. Platinum lost 1.94%, while silver dropped 1.66%. By Monday afte
Read moreFTSE 100 movers: ITV climbs on takeover speculation
18th Feb 2013 15:42
ITV rose on continuing speculation that the group is close to a takeover. The stock has been the subject of market chatter to that effect on a number of occasions in recent times. With rather more substance, ITV's family net advertising revenues (NAR) could rise by between 8% and 14% in March accord
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