London midday: Markets subdued as focus turns to the BoE
13th Feb 2013 11:22
London's FTSE 100 index was still in negative territory by Wednesday lunchtime, albeit well off its intraday low, as all eyes turned to the Bank of England (BoE) and the release of its three-monthly inflation report. While Governor Sir Mervyn King admitted that output has been broadly flat for the
Read moreFTSE 100 movers: Miners rise on positive Chinese data
1st Feb 2013 15:04
Miners were performing well on Friday as continued growth in China's manufacturing lifted the demand outlook for commodities. Fresnillo and Vedanta Resources were among the best performers. Telecoms giant BT was a high riser today after its third-quarter results, as cost control helped it to beat
Read moreLondon midday: Euro manufacturing data lifts sentiment
1st Feb 2013 11:58
A better-than-expected reading of Eurozone manufacturing data helped cement gains for equity markets on Friday morning, as investors await the all-important jobs data due out in the US this afternoon. Expectations are for a 165,000 rise in US non-farm payrolls in January when numbers are released a
Read moreLondon close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreFTSE 100 movers: Banks rise as miners head lower
28th Jan 2013 14:58
Banks were putting in a solid performance on Monday after Goldman Sachs raised target prices across the sector, led by the likes of Aberdeen Asset Management and Barclays, and offsetting declines in the mining sector. BAE Systems was higher after Societe Generale moved target price from 310p to 35
Read moreBroker snap: UBS cuts Fresnillo target after mixed Q4
23rd Jan 2013 10:58
UBS has cut its target price for precious metals miner Fresnillo from 2,100p to 2,00p and kept its 'neutral' rating on the stock following a mixed fourth-quarter production report yesterday. Fourth-quarter silver production totalled 10.6m ounces, slightly ahead of UBS's 10.5m-ounce estimate. Howeve
Read moreBroker tips: Unilever, Kingfisher, Fresnillo
23rd Jan 2013 10:55
Investec has reiterated its 'buy' rating and 2,800p target price for consumer goods giant Unilever after its fourth-quarter results came in ahead of forecasts. "The Q4 & FY12 numbers have beaten consensus expectations on the key metrics of organic growth and core margins (core earnings per share we
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreLondon close: Markets flat after choppy session
22nd Jan 2013 16:32
Stock markets finished more or less flat on Tuesday afternoon after a volatile session, in which investors digested policy announcements in Japan and mixed newsflow in Germany. "A rather choppy morning session in Europe gave way to a rather more sedate afternoon session as US traders returned to th
Read moreFTSE 100 movers: Fresnillo dragged lower by fourth quarter results
22nd Jan 2013 15:12
Precious metals miner Fresnillo was a heavy faller after fourth quarter gold production came in 20.6 per cent lower than 2011. This stood in stark contrast to full year output, which totalled 473,034 ounces, up 5.4 per cent year-on-year and above the 460,000-ounce target. Sector peer Polymetal was a
Read moreLondon midday: Markets volatile ahead of US earnings
22nd Jan 2013 12:01
Markets were volatile in morning trade on Tuesday as traders reacted to mixed newsflow from Germany, though stocks remained in negative territory following an underwhelming policy announcement from Japan. According to market analyst Craig Erlam from Alpari, trading volumes are expected to pick up t
Read moreLondon open: Markets down as BoJ disappoints
22nd Jan 2013 08:35
UK stocks opened slightly lower on Tuesday morning after the Bank of Japan's (BoJ) policy announcement overnight failed to live up to expectations. After a two-day meeting, the BoJ set a 2.0% inflation target and pledged to embark on a Fed-style unlimited asset purchase programme. Meanwhile, the ce
Read moreFresnillo tops gold production targets
22nd Jan 2013 07:02
Mexican miner Fresnillo said gold production had exceeded expectations in 2012 after its Noche Buena mine performed better than forecast. The annual gold production of 473,034 ounces, up 5.4% year on year, was above the 460,000 ounce target, also aided by the ramp-up at the Saucito mine. However,
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon close: Stocks rally after US data
4th Jan 2013 16:42
- Footsie closes at highest level in nearly two years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government London's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 g
Read more