Broker snap: Credit Suisse downgrades BHP, cuts targets for miners
12th Jul 2012 10:06
Credit Suisse has revised its target prices across the mining sector lower after cutting its commodity price estimates; as part of this review, the broker has downgraded its rating for BHP Billiton. The broker said that decelerating global growth and falling risk appetite have taken their toll on c
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreLondon close: Stocks lifted by production data, Spanish aid
10th Jul 2012 17:15
- UK industrial production up one per cent in May - UK still in recession, says NIESR - Chinese import data disappoints Some better-than-expected production data from the UK helped lift stocks on Tuesday, while falling borrowing costs in the Eurozone periphery also helped to lighten the mood. UK i
Read moreFTSE 250 movers: SIG lower after bad weather hits sales
10th Jul 2012 16:05
SIG, the building products distributor, fell after saying it was buffeted by bad weather and a weak euro in the first half, with more challenges ahead in the second. The firm expects its six month figures to be broadly flat in constant currency terms, but said that total sales in the first half fell
Read moreLondon midday: Stocks surge after UK production data
10th Jul 2012 11:53
- UK industrial production beats estimates - Eurogroup gives Spain more time - Oil stocks rise after Norwegian lockout prevented London's FTSE 100 index rose strongly on Tuesday morning with resource stocks and banks providing a lift after some better-than-expected UK industrial production data. U
Read moreLondon open: Stocks flat after Eurogroup meeting
10th Jul 2012 08:47
- Eurogroup gives Spain extra time - Chinese trade surplus at three-year high - M&S maintains guidance despite LFL sales falling The Footsie opened broadly flat on Tuesday morning with investors digesting the the developments from yesterday's Eurogroup meeting. Eurozone finance ministers decided t
Read morePellet production rises at Ferrexpo
10th Jul 2012 07:42
Iron ore producer Ferrexpo saw pellet production rise in the second quarter, though year-to-date production is down year-on-year because of lower availability of third party concentrate. The company, which has its headquarters in Switzerland and iron ore assets in Ukraine, saw pellet production fro
Read moreSector movers: Industrial metals stocks advance after EU summit
29th Jun 2012 15:23
Industrial metals and mining companies advanced on Friday afternoon with stocks gaining nearly seven per cent on average as commodities prices advanced on the back of developments in the Eurozone. Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakt
Read moreSector movers: Metals/mining stocks fall on Eurozone worries
30th May 2012 15:51
Every sector was either flat or in the red on Wednesday afternoon, as ongoing uncertainty in the Eurozone fuelled a sell-off in equity markets. Bearing the brunt of the downward pressure were the industrial metals and mining stocks as copper prices continued to fall. By 16:07 in London, copper for
Read moreLondon pre-open: Late rally in US to spark rise on FTSE
24th May 2012 07:29
City sources predict the FTSE 100 will open up 44 points from yesterday's close of 5,266, regaining some of yesterday's hefty losses after late rally in the US gave a much needed boost to market sentiment. Royal Dutch Shell has extended its offer for AIM-listed oil explorer Cove Energy after bein
Read moreFerrexpo remains on track, but legal battles continue
24th May 2012 07:20
Switzerland-based iron ore group Ferrexpo has assured investors that it continues to operate at full capacity and has seen 'good' demand for its iron ore pellets in the year to date. In the period to April 30th, own ore pellet production was 6.2% higher than the same period in 2011. However, sales
Read moreLondon close: Stocks sink on Greek exit speculation
23rd May 2012 16:39
- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation incre
Read moreFTSE 250 movers: Heritage Oil leads resource stocks higher
21st May 2012 17:25
Resources stocks were leading the risers on the second-tier index as copper and oil prices edge higher. Heritage Oil, Petropavlovsk, Ferrexpo, Cairn Energy, Afren and Salamander Energy were all making decent gains in afternoon trade. Heading the other way though was oil, gas and energy engineer Lam
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
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