Broker snap: UBS upgrades Anglo American, risk/reward 'more compelling'
15th Jan 2014 09:18
The investment case for Anglo American is improving after the stock's recent weakness, according to UBS on Wednesday, which upgraded the diversified mining firm from 'neutral' to 'buy'. "Anglo has underperformed the other diversified miners by 18% over the last three months, and, in our opinion, t
Read moreLondon open: Burberry lifts FTSE 100 to eight-month high
15th Jan 2014 08:44
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - World Bank raises 2014 growth forecasts techMARK 2,830.00 +0.41% FTSE 100 6,792.24 +0.38% FTSE 250 16,280.74 +0.28% Strong gains from Burberry and Anglo American helped markets higher on Wednesday morning, sending Lond
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreFerrexpo delivers record production in 2013
8th Jan 2014 08:01
Ukraine-focused iron ore producer Ferrexpo delivered record production volumes in 2013 despite a small dip in output in the final quarter. Total pellet production in the fourth quarter totalled 2.77m tonnes, down 1.3% on third-quarter output of 2.80m tonnes, as growth in lower grade ore (62% Fe) pr
Read moreLondon midday: Mixed manufacturing figures dampen UK markets
2nd Jan 2014 11:40
- Markets pull back after strong end to 2013 - China, UK manufacturing PMIs disappoint - Resources stocks provide a drag on the FTSE 100 - Retailers in focus after mixed corporate updates techMARK 2,780.21 -0.04% FTSE 100 6,720.85 -0.42% FTSE 250 15,925.41 -0.06% Mixed global manufacturing figures
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreFTSE 250 movers: Liberum Capital drives Ted Baker higher
3rd Dec 2013 14:59
Liberum Capital comments pushed Ted Baker shares higher after rating them a 'buy'. Betfair climbed after posting earnings rather than losses (before interest, tax, depreciation and amortisation) for the half year, despite revenue falling six per cent. Intellectual property commercialisation firm
Read moreFTSE 250 movers: African Barrick Gold hit by 'sell' rating from Citigroup
2nd Dec 2013 15:47
African Barrick Gold declined after Citigroup restated its 'sell' rating on the mining stock. Looking ahead to 2014, the bank said: "Economic improvement should keep the 'insurance' demand for gold and silver as a commodity subdued, given that credit-crisis nerves are fading," the broker said. Mini
Read moreFTSE 250 movers: Miners march higher, led by Kazakhmys
5th Nov 2013 15:34
Following the trend seen on the top tier index, mining stocks made strong gains, boosted in part by a strong four-month gain in iron ore stocks. They were also helped by yesterday's news that activity in China's services sector in October expanded at its fastest pace in the last year, reinforcing co
Read moreFTSE 250 movers: Miners lifted by Chinese data
4th Nov 2013 15:39
As on the top-tier index, mining stocks were on the rise, buoyed by the upbeat outlook for top metals consumer China. Evraz, Kenmare, Afren, Hochschild and Ferrexpo were among the best performers. Activity in China's services sector in October expanded at its fastest pace in the last year, reinforc
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreFerrexpo third-quarter production up but average prices fall
17th Oct 2013 11:16
Ukrainian iron pellet producer Ferrexpo said production was up in its third quarter but average prices were down. The FTSE-250 company reported total pellet production rose 4% in the three months to the end of September and was up 12.5% to 8m tonnes in the first nine months of the year helped by th
Read moreLondon midday: Retailers, miners drag FTSE 100 into the red
8th Oct 2013 11:20
Markets were sharply lower on Tuesday with retailers and miners providing a drag as investors digested a barrage of gloomy economic data and the ongoing government shutdown in the States. The FTSE 100 dipped below the 6,400 mark in morning trade, a level seen as support for London's benchmark index
Read moreLondon open: Markets suffer as US crisis drags on
8th Oct 2013 08:49
The FTSE opened around 15 points lower this morning, tracking steep losses seen in US, as the political brinkmanship over the debt ceiling continued into its second week. Miners, a typically volatile and cyclical sector, were seen taking the brunt of the decline, with retailers - particularly M&S a
Read moreLondon pre-open: FTSE to track US markets lower
8th Oct 2013 07:37
City sources predict the FTSE 100 will open around 15 points lower than Monday night's close of 6,437.28, tracking Wall Street benchmarks which finished with steep losses, as the political brinkmanship over the debt ceiling continued into its second week. The S&P 500 dropped 14.38 points (-0.9%) to
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