MARKET TALK: Morgan Stanley Adjusts Targets On UK Miners
23rd Jun 2010 09:45
0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Although the order of magnitude of the earnings changes is lower than in previous quarters, we focus investors' attention on the relatively undemanding valuations." Raises African Ba
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 09:45
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Althoug
Read moreFTSE 250 movers: China currency move fires Ferrexpo
21st Jun 2010 12:42
Iron ore producer Ferrexpo is leading the risers in the FTSE 250 as metal prices advance on hopes that China's decision to allow the yuan more flexibility after a two-year peg against the dollar, will reinvigorate the east Asian powerhouse's economy. Finnish nickel and zinc miner Talvivaara Mining
Read moreSector movers: Tobacco lights up
24th May 2010 13:28
Tobacco stocks are in good health Monday thanks to upbeat broker comment. Japanese firm Nomura has lifted Imperial Tobacco from 'neutral' to 'buy' in the belief that now the stock has dipped below 1,800p there is little downside risk left. Analyst David Hayes thinks the market will "now start to r
Read moreFTSE 250 movers: Gem Diamonds sparkles
10th May 2010 16:00
Gem Diamonds is sparkling after saying prices for the gemstones have picked up. Its Let?eng mine in Lesotho sold 15,468 carats at an average price of US$1,753 per carat in the first quarter, up from US$1,017 a year earlier. The Ellendale mine in Australia sold a combined total of 32,286 carats at
Read moreSector movers: Mining stocks lead the slide
5th May 2010 15:06
With UK equities still in the grip of a global slide amid concerns over the continuing turmoil in Greece, there are no sectors in the red. Industrial metals and mining, which is dependent on a healthy global economy, is the worst performer. Iron ore producer Ferrexpo and zinc and nickel group Tal
Read moreFTSE 250 movers: Wetherspoon falls after update
5th May 2010 15:02
Shares in JD Wetherspoon have lost fizz after the budget pub chain scaled back its expansion plans after a deterioration in trading since the beginning of the year. Fellow pub group Punch Taverns is also suffering. Commodity stocks are suffering from jitters over the state of the global economy a
Read moreBroker tips: Ferrexpo, ASOS, Thorntons
20th Apr 2010 13:39
Morgan Stanley has initiated coverage of Ferrexpo with an 'overweight' recommendation for the Ukraine-based miner. The miner's London listing offers investors an opportunity to gain exposure to iron ore prices, Morgan Stanley argues, adding that vertical integration allows Ferrexpo to process all t
Read moreBroker snap: Ferrexpo a pure iron ore play
20th Apr 2010 13:38
Morgan Stanley has initiated coverage of Ferrexpo with an 'overweight' recommendation for the Ukraine-based miner. The miner's London listing offers investors an opportunity to gain exposure to iron ore prices, Morgan Stanley argues. Vertical integration allows Ferrexpo to process all the iron ore
Read moreSector movers: Retailers on the rise
12th Apr 2010 11:29
Takeover chatter and upbeat broker coverage is lifting retail stocks. Talk that Asda, the UK supermarket group owned by the US retail giant Wal-Mart, has Home Retail Group in its sights has lifted the Argos and Homebase owner. Supermarket Sainsbury's is higher after a double upgrade from BofA Mer
Read moreLondon midday: Equities mark time
30th Mar 2010 12:01
Footsie finished the morning little changed despite a strong showing from the mining sector. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover the majority of B
Read moreLondon close: Further boost for shares
23rd Mar 2010 16:43
Rising commodity prices, US strength and some well-received company updates sent London to a fresh 21-month closing high Tuesday. The leading index hasn't finished up at this level since 19 June 2008 and is just one decent session away from breaking through 5,700. Cairn Energy was easily the most
Read moreLondon afternoon: Full steam ahead for Carnival
23rd Mar 2010 14:15
London's leading shares consolidated gains over the lunch-time trading session after notching up solid gains in the morning. Cairn Energy remains the stand-out performer among blue-chips by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third t
Read moreSector movers: Ferrexpo lifts metals sector
23rd Mar 2010 12:44
The industrial metals and mining sector is higher after a well received update from Ferrexpo. The iron ore producer saw earnings slump in 2009 as demand for iron ore remained poor until the final quarter of the year. Also in the sector, First Quantum Minerals is flat. The miner saw better than exp
Read moreFTSE 250 movers: Profit warning floors Carpetright
23rd Mar 2010 12:43
Shares in Carpetright have fallen through the floor. The retailer of carpet and floor coverings retailer said the rate of recovery seen towards the end of 2009 has not been sustained and group profits for the year to 1 May 2010 are likely to fall below current market expectations. Investors are a
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