Goldman Sachs lowers medium-term copper price forecasts
23rd Jul 2015 09:05
(ShareCast News) - Even in a country that accounted for 20% of the global population and 13% of its gross domestic product, private consumers in the People's Republic of China could not be expected to consume half the world's copper as the government-led investment drive cooled, Goldman Sachs told c
Read moreSunday share tips: Infinis Energy, mining sector, Gear4music
12th Jul 2015 14:13
(ShareCast News) - Sell shares in waste-to-energy producer Infinis Energy, said the Sunday Times's Inside the City column. When Chancellor George Osborne last Wednesday swept away long-standing tax breaks for Infinis, Drax and other green energy producers in his Budget it was an especially big blow
Read moreFriday broker round-up
10th Jul 2015 14:03
(ShareCast News) - Anglo American: Citi upgrades to neutral. Ashmore: Jefferies reiterates buy but shaves target price to 373.5p, Cannacord reiterates hold. Aviva: Barclays reiterates neutral stance and nudges target to 637p from 632p, Berenberg keeps at sell. BaE Systems: Berenberg upgrades to bu
Read moreBroker tips: Standard Life, Prudential, Lonmin, Miners
10th Jul 2015 14:02
(ShareCast News) - Shares in insurers Prudential and Standard Life got a lift from Barclays, as it upgraded price targets on both stocks in its latest note on European insurance. The bank increased Prudential's target to 1,889p from 1,877p, pointing to the company's earnings on 11 August, which will
Read moreHSBC trims price targets for miners
10th Jul 2015 11:40
(ShareCast News) - Volatility has been in the driving seat as a result of the recent gyrations in China's stockmarkets, but certain commodities will outperform once the fog clears one of the world's largest brokers said. "We fully acknowledge the near-term risk-off sentiment as the market looks to a
Read moreLondon midday: FTSE bounces despite China sell-off and Greek uncertainty
8th Jul 2015 11:23
UK stocks advanced on Wednesday in spite of a sell-off in China overnight and ongoing uncertainties surrounding Greece, as markets bounced back after falling to their lowest in nearly six months. The FTSE 100 was up 0.7% at 6,477.14 by midday, after settling at 6,432.21 on Tuesday, its lowest since
Read moreLondon close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreEuropean basic resources stocks take a hit; Glencore touches lowest level since 2011 IPO
7th Jul 2015 16:04
European basic resources took a hit on Tuesday, with the Stoxx Europe 600 index for the sector down 3.6% as metals prices dropped across the board. Base and precious metals were firmly in the red, with gold, silver, copper, nickel, and zinc down between 1 and 6%, hit by the dollar, which strengthene
Read moreLondon midday: Rolls-Royce, commodity stocks lead FTSE lower after Greek 'no' vote
6th Jul 2015 11:41
UK stocks declined on Monday after the Greeks voted a resounding 'no' to creditors' bailout proposals, pushing the country closer to a possible exit from the Eurozone. Nevertheless, while stock markets across Europe were suffering steep losses - German, Spanish and French shares were down 1.3-1.8% w
Read moreLondon open: Stocks slump as Greece votes 'no', Rolls-Royce sinks after profit warning
6th Jul 2015 09:08
UK stocks slumped into the red on Monday morning after the Greek public pushed the country into unchartered territory by voting a resounding 'no' to creditors' bailout proposals. Some 61.3% of the Greeks voted 'no' against 38.7% who voted 'yes'. "Considering that creditors insisted that [the refere
Read moreLondon close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreLondon close: BP leads UK stocks higher, but other markets slip
2nd Jul 2015 16:44
Decent gains from blue chips BP and Dixons Carphone helped UK markets to rise on Thursday, bucking the negative trend seen across Europe as investors started to trim positions ahead of a pivotal weekend for Greece. With Greece confirming its intention to hold a referendum on Sunday, and the country'
Read moreFTSE 100 movers: Intertek hit by downgrade, miners higher
2nd Jul 2015 13:14
The FTSE 100 was buoyed by a tentative recovery in metal prices, strong construction data and gains in the pharmaceuticals, insurance and telecommunications sectors on Thursday. As of 15:00 BST, London's blue chip index was trading 0.5% higher at 6,638. BP led the index higher after a robust rally
Read moreFTSE 100 movers: Travel and banking stocks surge, miners decline
1st Jul 2015 13:05
London markets were buoyed by strength in the travel and banking sectors, which offset weakness in mining and oil stocks. As of 14:30 BST, the FTSE 100 was trading 1.5% higher at 6,617. Travel and leisure stocks including Easyjet, IAG, TUI and IHG rebounded after a recent sell-off. The sector had b
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