FTSE 100 Movers: Miners bounce back
27th Sep 2011 14:41
Fresnillo was heading north after broker Citi raised its rating on the silver miner to "hold" from "sell". The move was prompted by the firm's unusual price fall lately, in line with a decline in the broader precious metals market. Fresnillo wasn't the only miner on the up; Vedanta, Antofagasta
Read moreBroker snap: Fresnillo oversold, says Citi
27th Sep 2011 13:05
The unusual price fall in Fresnillo lately, in line with a decline in the broader precious metals market, has prompted the broker Citi to raise its rating on the silver miner to "hold" from "sell". "We see the immediate future of FRES as bright because it has a healthy string of greenfield and brow
Read moreLondon midday: Stocks advance on Euro hopes
27th Sep 2011 12:00
Stocks have built on their early morning gains as optimism that some kind of end to the Eurozone crisis is in sight continues. Talks are still ongoing about an expansion of the European Financial Stability Fund, with conflicting signals over whether an agreement is near failing to put investors of
Read moreLondon open: London follows Wall Street higher
27th Sep 2011 08:24
London's leading share index is posting big gains following a strong performance from Wall Street overnight. RBS leads the way as banks continue their strong performance from yesterday, while silver specialist Fresnillo leads the mining sector's recovery. Optimism that European leaders are making
Read moreFirst broker round-up of the morning
27th Sep 2011 08:21
Fresnillo: Citi upgrades to 'hold' from 'sell'. Lonmin: Citi cuts target price 9% to £12.37. Burberrys: Credit Suisse says today, "We still see better risk-reward elsewhere in the space (e.g., Hugo Boss) at current levels." Ricardo: RBS stays at 'buy'. Easy Jet: RBS reiterates 'buy' and 450p t
Read moreLondon close: Financials soar on Eurozone bailout hopes
26th Sep 2011 17:15
In a battle between booming banks and melting miners, the banks emerged on top, as Footsie reversed early losses to finish in the blue. Hopes that Eurozone governments will get their act together and seriously bumnp up the Eurozone bailout fund, while pushing through more severe "haircuts" - reduc
Read moreLondon midday: Banks power FTSE 100 rebound
26th Sep 2011 12:10
Stocks have rebounded strongly from their weak start, with a buoyant performance from the banking sector helping to offset continued weakness in mining stocks. Precious metals stocks in particular are in the firing line as prices for gold and silver continue their downward turn, bucking the usual r
Read moreLondon open: RBS, Barclays and Lloyds shrug off decline
26th Sep 2011 08:31
The top share index has recovered partially after tumbling below the 5,000 point mark on continuing worries over the Eurozone situation. Plans by European policymakers to up the amount of funds set aside to deal with the ongoing problems in Greece have failed to reassure markets. Miners lead the
Read moreLondon close: Markets dive on dismal global outlook
22nd Sep 2011 16:30
Gloomy comments from the Federal Reserve last night followed by even gloomier remarks by leading economists terrified the markets on Thursday, with benchmarks in the UK, Europe and the US suffering falls of between 3% and 5% as of 16:30. The FTSE 100 in London was nearly 5% down by the end of the se
Read moreSector movers: Commodity prices drop, miners unwanted
22nd Sep 2011 14:30
Mining stocks led the sell-off on Thursday as the US Federal Reserve yesterday painted a gloomy picture of the state of the US economy, dampening sentiment across global stock markets. "Information received since the Federal Open Market Committee met in August indicates that economic growth remains
Read moreFTSE 100 Movers: No risers, miners leading the fall
22nd Sep 2011 13:25
There were no risers on the FTSE 100 today, after the US unveiled a £250bn rescue plan to revive its flagging economy. Copper miner Antofagasta was the biggest faller, pushed lower by the news that Pakistan's Baluchistan province has voiced objections to a mining lease for a significant copper and
Read moreBroker snap: Buy Fresnillo, says Galvan
21st Sep 2011 13:12
Galvan Research has labelled gold and silver miner Fresnillo as a buy with a target price of 2,100p. "While Fresnillo shares have tracked down in line with the stock market in recent weeks, this week has seen a decent rebound off the back of the strong outlook by the miner given last month and stro
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
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