FTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreLondon close: Miners bolster equities as copper and oil prices rally
22nd Feb 2016 16:05
(ShareCast News) - The FTSE 100 ended on a high note as oil and metals´ prices extended their recent rally, giving mining stocks a boost. Miners Glencore, BHP Billiton, Antofagasta and Rio Tinto registered gains as copper prices jumped 2.07% and oil prices rose after the rich world's oil watchdog
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreThursday broker round-up
18th Feb 2016 19:08
(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.
Read moreBroker tips: Glencore, Rolls-Royce, Hammerson
18th Feb 2016 13:59
(ShareCast News) - Glencore's shares declined on Thursday after Citi cut its target price to £1.40 from £1.50, reflecting lower commodity price forecasts. Citi said its estimates for 2016 earnings before interest, tax, depreciation and amortisation falls by 5.1% to $7.8bn (£5.35bn). Glencore is exp
Read moreGlencore shares fall as Citi cuts target price
18th Feb 2016 09:49
(ShareCast News) - Glencore's shares declined on Thursday after Citi cut its target price to £1.40 from £1.50, reflecting lower commodity price forecasts. Citi said its estimates for 2016 earnings before interest, tax, depreciation and amortisation falls by 5.1% to $7.8bn (£5.35bn). Glencore is exp
Read moreGlencore refinancing £6bn credit facility
17th Feb 2016 07:20
(ShareCast News) - Glencore was shoring up access to its future cash requirements on Wednesday, announcing it had signed a new revolving credit facility of a similar scope to its current one. The new facility would ultimately refinance and replace the FTSE 100 comapany's existing $8.45bn (£5.92bn) f
Read moreLondon pre-open: Stocks seen higher as investors eye UK data, FOMC minutes
17th Feb 2016 07:16
(ShareCast News) - London stocks are expected to open higher on Wednesday following a positive close in the US, as investors look to a slew of UK data releases and the latest FOMC minutes. London's FTSE 100 is seen starting 15 points higher than Tuesday's close at 5,877. On the data front, the UK u
Read moreGlencore confirms production and metals streaming deal with $500m upfront
11th Feb 2016 07:08
(ShareCast News) - Glencore has agreed a $500m gold and silver streaming deal from its Antapaccay mine in Peru to help ease its balance sheet woe, as well as impressing with fourth-quarter production numbers. The debt-burdened FTSE 100 group, which also posted its 2105 production report, expects
Read moreBroker tips: Shire, Dunelm, Glencore
10th Feb 2016 13:38
(ShareCast News) - RBC Capital Markets upgraded Shire to 'outperform' from 'sector perform', keeping the $240 price target ahead of the company's fourth quarter results on Thursday. RBC said that following the recent pullback, the share price reflects attractive value and future competitive threats
Read moreSocGen downgrades Glencore ahead of production numbers
10th Feb 2016 10:08
(ShareCast News) - Societe Generale downgraded Glencore to 'hold' from 'buy' pointing to finely balanced fundamentals. It said the mining sector has seen a dramatic rebound recently due to an FX-led bounce-back in commodity prices, with the FTSE all-share mining index erasing the losses from early J
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreFTSE 100 movers: Miners drive market down, led by Antofagasta
9th Feb 2016 14:04
(ShareCast News) - The FTSE 100 sank further on Tuesday, with the blue-chip market down 75.98 points (1.34%) to 5,613.38 by mid-afternoon. Antofagasta led the fallers after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower
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