London close: Stocks recover as oil prices waver after Doha meeting
18th Apr 2016 16:06
(ShareCast News) - The FTSE 100 ended higher on Monday, recovering from earlier declines as crude oil futures bounced back from the steep losses seen at the start of trading. Oil prices were under pressure throughout most of the session after members and non-members of the Organization of the Petrol
Read moreBroker tips: Burberry, Glencore, Zoopla
7th Apr 2016 15:54
(ShareCast News) - RBC Capital Markets cut Burberry's rating to 'underperform' from 'sector perform' on Thursday, saying it expects the retailer's full year earnings in 2017-18 to be below the sector average. However, the broker raised its price target to 1,300p from 1,275p as it said the luxury fas
Read moreThursday broker round-up
7th Apr 2016 15:32
(ShareCast News) - Zoopla: UBS downgrades to neutral with a target price of 260p. Caledonia Mining: Panmure Gordon downgrades to hold, 61p target. Burberry: RBC downgrades underperform with a target price of 1300p, JP Morgan reiterates neutral with a target of 1400p and UBS keeps at buy with a targ
Read moreFTSE 100 movers: M&S climbs on update; Glencore slips on downgrade
7th Apr 2016 13:04
(ShareCast News) - London's FTSE 100 index was down 0.1% to 6,154.99 at 1410 BST, although retailer M&S bucked the trend. Payments processor Worldpay was under pressure after private equity groups Advent International and Bain Capital sold a 12.5% stake in the company. Glencore fell after JP Morgan
Read moreJP Morgan downgrades Glencore, Antofagasta; recommends selling rally
7th Apr 2016 09:21
(ShareCast News) - JP Morgan Cazenove reviewed its ratings on a number of metals and mining stocks as it took a look at the sector and recommended selling the recent rally. The bank noted Chinese demand growth is slowing, oversupply is rising and previous super-cycles suggest spot prices could carry
Read moreGlencore confirms sale of stake in agriculture unit for $2.5bn
6th Apr 2016 08:10
(ShareCast News) - Glencore has confirmed it has agreed to sell 40% of its agriculture commodities business to the Canada Pension Plan Investment Board (CPPIB) for $2.5bn (£1.8bn) cash, potentially followed by a further sale of 20% more in the long-term. The deal, which values Glencore Agri at $6.25
Read moreTuesday broker round-up
5th Apr 2016 15:09
(ShareCast News) - Royal Mail: Investec reiterates buy with a target price of 580p. Gooch Housego: Investec reiterates buy, 1020p target and Finncap keeps at hold. Glencore: Exane BNP Paribas maintains outperform with a target price of 165p. Babcock: JP Morgan reiterates overweight with a targe
Read moreGlencore close to agreeing part-sale of agriculture unit, reports say
5th Apr 2016 14:16
(ShareCast News) - Glencore is nearing an agreement to sell a large chunk of its $6bn Viterra agriculture unit to the Canadian Pension Plan Investment Board, according to reports. On Tuesday, just after the stock market session closed in London, a report emerged about the potential sale from a Wall
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreSector movers: Miners buried under by rising US dollar
23rd Mar 2016 15:43
(ShareCast News) - Miners sank to the bottom of the pile on Wednesday continued more hawkish Fedspeak weighed on commodity prices amid lower than usual trading volumes ahead of Easter. Bloomberg's Commodity index had retreating 1.81% to 160.85 as of 18:18GMT, while the US dollar spot index moved cau
Read moreSectors movers: Precious metals miners shine, banks hit by Fed
17th Mar 2016 16:08
(ShareCast News) - A charge of the large cap mining brigade kept the FTSE 100 index just in positive territory through Thursday afternoon. Boosted by the weaker dollar, commodity prices perked up, with copper up 2%, iron ore strengthening even more and precious metals sparkling. "Gold has found its
Read moreWednesday newspaper round-up: Tesco, Brexit, bankers' bonuses, Hinkley Point
9th Mar 2016 07:07
(ShareCast News) - After helping pensioners to use the internet "over a cuppa" and assisting graduates with polishing their CVs, Barclays is now attempting to boost businesses by offering digital equipment such as 3D printers in some branches. The bank is planning to open up to 20 "labs" this year d
Read moreGlencore's numbers head south in 'robust' 2015
1st Mar 2016 07:21
(ShareCast News) - Glencore's numbers were down sizeably in its preliminary 2015 results on Tuesday, with adjusted EBITDA falling 32% to $8.7bn (£6.25bn), as the company blamed substantially weaker commodity prices partially offset by cost efficiencies and favourable currency conditions in producer
Read moreFriday broker round-up
26th Feb 2016 14:05
(ShareCast News) - Burberry: Nomura upgrades to buy with a target price of 1500p. Anglo American: Canaccord downgrades to sell with a target price of 350. South32: UBS reiterates neutral with a target price of 67p, Citigroup stays at buy, 75p target and Exane BNP Paribas keeps at outperform, 70p ta
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
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