Thursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreLondon midday: Markets rise as concerns over US budget ease
19th Nov 2012 11:35
Stocks advanced on Monday morning as optimistic comments by US lawmakers over the weekend regarding the budget lifted hopes that the government will come to an agreement to avert the impending 'fiscal cliff' by the January 1st deadline. "Today has very little in terms of economic data to be announc
Read moreLondon open: Stocks gain on optimism about 'fiscal cliff'
19th Nov 2012 08:23
Equity markets rose sharply on Monday morning as hopes about US lawmakers nearing a resolution to the 'fiscal cliff' sparked investors' appetites for riskers assets, such as mining stocks. Markus Huber, the head of German HNW trading at ETX Capital said this morning: "After Friday's heavy sell-off
Read moreFTSE 100 movers: IMI climbs on upbeat report
16th Nov 2012 15:27
Engineering giant IMI gained after saying that second-half trading has been in line with expectations so far in spite of some expected weakness in the Fluid Power division. Serco rose strongly after it delivered the anticipated pick-up in performance in the second half and said it is on track to m
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreFTSE 100 movers: Polymetal leads the risers
7th Nov 2012 15:24
Polymetal topped the risers list today as gold prices neared a two-week high on the back of the Obama re-election. The precious metal was up at $1,729 per ounce this morning, its highest level since October 23rd. Fellow miner Fresnillo was on the rise, tracking commodities prices higher as the d
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
Read moreLondon close: Economists see MPC taking QE off the table
25th Oct 2012 16:45
- UK and US data beats expectations - UK QE off the table for November's meeting, say analysts - Miners provide a drag on the Footsie Stocks pared gains to finish flat by the close on Thursday despite a barrage of better-than-expected data the world over - including UK gross domestic product (GDP)
Read moreFTSE 100 movers: Carnival rises on Royal Caribbean's outlook
25th Oct 2012 15:14
Cruise operator Carnival rose three per cent, making it the top riser among FTSE 100 stocks in afternoon trade, buoyed by news that its US rival Royal Caribbean has raised its full-year forecast. Carnival had to cut prices to get people back on board with the idea of cruise holidays after the Costa
Read moreLondon midday: Stocks lifted by UK GDP and Japanese speculation
25th Oct 2012 11:36
- UK GDP beats expectations in Q3 - Japan to boost asset purchases, says newspaper - Unilever and AstraZeneca provide a lift after Q3 updates After a cautious start, the FTSE 100 was registering decent gains by Thursday lunchtime after UK gross domestic product (GDP) figures showed the country exit
Read moreLondon open: Corporate results impress as markets await GDP data
25th Oct 2012 08:40
- Unilever, AstraZeneca and miners rise after updates - WPP falls after Q3 disappointment - Markets higher ahead of UK GDP UK stocks edged higher on Thursday morning after a flurry of corporate updates were well received; however gains will likely will be modest this morning ahead of the UK growth
Read moreFresnillo approves feasibility study as COO departs
25th Oct 2012 08:09
Gold and silver miner Fresnillo has approved the feasibility study for the development of its wholly-owned 500m dollar San Julián silver project. The project is a key part of the company's goal to produce 65m ounces of silver and 500,000 ounces of gold per year by 2018. The firm said it is confiden
Read moreLondon close: Stocks decline after Caterpillar earnings
22nd Oct 2012 16:28
- Caterpillar disappoints with guidance - Kenny-Merkel statement apparently overinterpreted -DPA - BP falls after confirming Rosneft deal After a brief stint in positive territory, UK stocks fell into the red by the close on Monday after some disappointing guidance for US economic bellwether Caterp
Read moreFTSE 100 movers: Miners rise on improved Eurozone outlook
22nd Oct 2012 15:25
Mining and banking stocks were among the best performers on the improving outlook for the Eurozone, with Anglo American, Fresnillo, Antofagasta, Vedanta, and Glencore all rising higher. Barclays and Lloyds were also doing well, boosted by news of a decent outcome for Spanish Prime Minister Mariano
Read moreSector movers: British American and Imperial light up tobacco sector
22nd Oct 2012 15:19
Tobacco stocks were performing well on Monday afternoon with sector giants British American and Imperial lighting up the category. The stocks were up 0.74% and 0.79%, respectively, by 15:44 in London. One possible reason for the lift could be a broker note out from Credit Suisse on US peer Philip
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