Thursday 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
Read moreFerrexpo delivers record production result
8th Oct 2013 07:00
Ferrexpo, the FTSE 250 Swiss headquartered iron ore company, has produced a record amount of 65 per cent iron pellets from its own ore this year so far, the group said Tuesday. Total pellet production was up 12.5 per cent in the year-to-date, with production for September coming to 970.4kt. Since
Read moreMonday broker round-up UPDATE
7th Oct 2013 07:58
Abcam: Investec raises target price from 504p to 552p and retains a buy recommendation. Britvic: Nomura raises target price from 630p to 680p maintaining its buy recommendation. Cranswick: Panmure Gordon reduces target price from 1200p to 1140p and maintains a hold recommendation. First Group: Je
Read moreFTSE 250 movers: ITE Group boosted by positive update
1st Oct 2013 15:43
Conference and exhibition organiser ITE Group was a strong riser after it said it expects to reveal stronger annual revenue after positive trading conditions in most of its overseas markets during the fourth quarter. Revenue for the full year is expected to be around £191m compared to £172m in 201
Read moreSector movers: Miners track metals lower after US shutdown
1st Oct 2013 15:06
Metals and mining stocks were falling sharply on Tuesday as a political stalemate in the US prompted a reduction in risk appetite. Meanwhile, falling commodity prices and gloomy comments on gold from ratings agency Fitch were also weighing on sentiment. The first partial government shutdown in 17
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 250 movers: Soco Intl retreats after going ex-dividend
26th Sep 2013 15:26
Soco International shares started trading without the entitlement to its 40p dividend. SOCO announced on Wednesday that the drill stem tests thus far on the TGT-10XST1 well exploration well on the H5 fault block of the Te Giac Trang ("TGT") field have exceeded all pre-test expectations. Ladbrokes
Read moreLondon midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
Read moreThursday broker round-up UPDATE
26th Sep 2013 08:22
African Barrick Gold: Deutsche Bank ups target price from 137p to 145p and maintains a hold recommendation. African Minerals: Macquarie reduces target price from 307p to 280p and reiterates an outperform rating. Deutsche Bank cuts target price from 450p to 423p, while its buy recommendation is kept
Read moreLondon open: Markets tentative ahead of economic data
26th Sep 2013 08:19
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on. Wall Street benchmarks ended Wednesday's session slightly lower with the S&P 500 finishing in the red for the fifth straight day - its longest losing streak
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