Broker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
5th Oct 2015 15:56
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreFTSE 100 movers: Glencore leads the way again
5th Oct 2015 14:36
(ShareCast News) - The FTSE 100 was unaffected by England's Rugby World Cup loss despite analyst predictions last week, with it sitting at 6,282.02 mid-afternoon on Monday, rising 152.04 points (2.48%). Glencore led the risers again and crossed the 100p threshold after a disastrous week. It followed
Read moreSocGen upgrades Rio and Glencore, but downgrades BHP Billiton
5th Oct 2015 09:50
(ShareCast News) - Societe Generale reviewed its ratings on Rio Tinto, Glencore and BHP Billiton as it took a look at the metals and mining sector, which it rates at 'neutral'. The bank lifted Rio Tinto to 'buy' from 'hold', albeit with a lower price target of 2,450p from 3,100p. It said the stock c
Read moreGlencore boosted by M&A chatter
5th Oct 2015 08:27
(ShareCast News) - Glencore shares rocketed at the start of trading on reports of healthy interest in its agricultural business. Singapore´s sovereign wealth fund, Japanese trading house Mitsui&Co. and a Canadian pension fund were among the parties who had expressed an interest in the unit, Bloomber
Read moreSunday newspaper round-up: Global recession, Glencore, Prudential
4th Oct 2015 19:29
(ShareCast News) - Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Released ahead of the annual meetings of the International Monetary Fund and World Ban
Read moreGlencore doesn't believe any buyers would pay fair value in current market
4th Oct 2015 09:27
(ShareCast News) - The board of Glencore would hear out any takeover bids that offered to takeover the entire company, but the commodities giant does not anticipate that any buyers would be willing to pay fair value for the business amid current market conditions, it was reported over the weekend. T
Read moreGlencore director puts money back on the table
2nd Oct 2015 16:38
(ShareCast News) - Glencore director William Macaulay has reinvested in the company as it continues its slow rebound. The non-executive director personally purchased 1.7m shares on Thursday at a price of 90.91p per share and cost him a total of nearly £1.55m. He's the latest in the long line of dire
Read moreLondon close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
2nd Oct 2015 16:10
(ShareCast News) - UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike. Non-farm payrolls rose 142,000 in September, falling well short of analysts' estimates for a 201,000 increase, the Labor Department revealed. Augu
Read moreBroker tips: WizzAir, Pearson, Glencore
1st Oct 2015 16:50
(ShareCast News) - Thanks to its high profitability and niche position low-cost carrier Wizz Air is in a favourable position to weather increased competition and stands to benefit from the turbulence which some of its competitors have run into, analysts at HSBC said. As well, its CEE market is less
Read moreGlencore director backs company to the tune of nearly half a million pounds
1st Oct 2015 16:31
(ShareCast News) - Glencore nearly bounced to pre-slump levels on Thursday, and director John Mack showed investors he's still backing the mining company. Shares in the FTSE 100-listed company dropped dramatically on Monday after Investec warned the stock holds little value for shareholders. But Jo
Read moreLondon close: Stocks finish up after slate of factory PMIs
1st Oct 2015 16:23
(ShareCast News) - The FTSE ended on a positive note but off its best levels of the day as investors sifted through a batch of manufacturing data in the UK, China and the US. The top flight index edged higher by 10.86 points to finish the session at 6,072.47. Markit's purchasing managers' index on
Read moreFTSE 100 movers: Oil prices drive Shell and BP up; Glencore nearly back to Friday levels
1st Oct 2015 13:41
(ShareCast News) - The FTSE 100 was up 47.61 (0.79%) mid-afternoon Thursday to 6,109.22 London Stock Exchange Group led the risers after Barclays upgraded sharemarket organiser and transaction services provider Deutsche Boerse from underweight to overweight. Pearson was also a beneficiary of a posi
Read moreCiti says Glencore is both solvent and liquid
1st Oct 2015 13:11
(ShareCast News) - Investors´ worries that Glencore´s need for financial liquidity might drive it towards the brink of bankruptcy - or worse - were wide of the mark, one of the world´s largest brokers said. In the past financial crisis, when companies´ financing became too reliant on short-term debt
Read moreLondon midday: Stocks climb as UK, China PMIs beat forecasts
1st Oct 2015 11:14
(ShareCast News) - London stocks climbed on Thursday after better-than-forecast UK and Chinese manufacturing data. Markit's purchasing managers' index on UK manufacturing fell to 51.5 in September from a revised reading of 51.6 in August, although it beat analysts' estimates of 51.3 and was above th
Read moreThursday newspaper round-up: Glencore, Property prices, Syria
1st Oct 2015 07:38
(ShareCast News) - The chairman of Glencore snapped up 100,000 shares yesterday as the troubled miner and commodities trader told creditors that fears about its potential demise were overblown. Tony Hayward, the former head of BP and the latest in a succession of directors and executives to make a p
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