Glencore's cost cuts, equity move convince RBC to upgrade
9th Feb 2016 09:57
(ShareCast News) - Glencore has been upgraded from 'sector perform' to 'outperform' by RBC Capital Markets, and had its target price raised from 115p to 135p. The investment bank said in a note on Tuesday that the FTSE 100 miner has taken steps in response to a lack of market confidence last year.
Read moreSunday newspaper round-up: HSBC, Glencore, easyJet
7th Feb 2016 20:18
(ShareCast News) - HSBC's board is expected to come to a decision on the location of its headquarters in the coming days after an unexpectedly long-running review of the future of the British-based bank. Bosses launched the review last year and initially expected to reach a conclusion by the end of
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreS&P downgrades Glencore´s long-term debt rating
4th Feb 2016 13:28
(ShareCast News) - The "very challenging" outlook for the price of copper and other metals and the resulting heightened volatility in Glencore´s earnings requires a more cautious approach by investors towards the company´s debt and financial leverage, Standard&Poor´s said. As a result, the ratings a
Read moreSunday newspaper tips: Ocado, Satellite Solutions, BHP Billiton, Rio Tinto
31st Jan 2016 14:29
(ShareCast News) - Sell shares in Ocado, said the Sunday Times' Inside the City column, as it has failed to deliver its long-promised deal to license out its online grocery technology to an overseas supermarket. Of course such a deal could still appear and help stop the shares' decline. However, it
Read moreLondon close: Equities close higher as oil prices rise, BoJ loosens policy
29th Jan 2016 16:11
(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.
Read moreLondon midday: Stocks gain on BoJ's negative interest rate
29th Jan 2016 11:00
(ShareCast News) - London stocks gained on Friday as investors cheered the Bank of Japan's latest policy announcement. The Bank of Japan unexpectedly decided to introduce a negative interest rate of -0.1% for new commercial banks' current account deposits. It means the banks will charged by the BoJ
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read moreFTSE 100 movers: Investors happy with Pearson restructuring
21st Jan 2016 14:47
(ShareCast News) - The FTSE 100 recovered somewhat from the sell-off earlier in the week, with the blue chip market up 80.81 points (1.42%) mid-afternoon Thursday to 5,754.39. Pearson led the market despite warning over profits and saying it will hold its dividend, as investors welcomed the company'
Read moreFTSE 100 movers: BHP and Shell lead fall, Randgold and Sports Direct only risers
20th Jan 2016 14:48
(ShareCast News) - The FTSE 100 was wallowing in negative territory on Wednesday afternoon, with resources stocks leading the retreat. At 1530 the blue chip index was down 3% at 5,700.26, with BHP Billiton the biggest faller. Earlier, the miner had unveiled a mixed second-quarter trading update, ma
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreFTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
Read moreTrading in shares of Glencore halted
19th Jan 2016 11:54
(ShareCast News) - Trading in shares of Glencore halted due to volatility when shares were rising 11.7%. -- More to follow --
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