FTSE 100 movers: Kingfisher surges as French acquisition falls through, miners higher
30th Mar 2015 13:29
Kingfisher surged after revealing its deal to acquire French rival Mr Bricolage will not go ahead as a result of shareholder and board opposition to the terms of the deal. Some Mr Bricolage franchisees are thought to fear the store closures that would be necessary for Kingfisher to win regulatory ap
Read moreFTSE 100 movers: Carnival lifted by strong results, airline stocks rebound
27th Mar 2015 13:12
Carnival topped the risers as strong first-quarter results prompted a lift in full year earnings guidance. It boasted that advance bookings for the remainder of 2015 were steaming ahead of the prior year and at higher prices. "We are experiencing an on-going improvement in underlying fundamentals ba
Read moreFTSE 100 movers: Standard Chartered soars on upgrade, miners higher
23rd Mar 2015 12:52
Standard Chartered topped the risers after having its rating upgraded from 'neutral' to 'overweight' at JPMorgan. The broker said: "We believe that last week's UK budget may lead the market to attach a higher probability of strategic actions to change domicile and unlock value." Miners such as BHP B
Read moreFTSE 100 movers: CRH lower on Holcim rejection, miners and energy stocks higher
17th Mar 2015 12:39
Building materials group CRH was extending losses after Holcim on Monday rejected the terms of its proposed tie-up with Lafarge. CRH is set to snap up €6.5bn of assets from the two European cements companies when they merge. Tesco shares were in the red, reversing from Monday, alongside Morrison, as
Read moreTuesday broker round-up
17th Mar 2015 11:20
Aviva: Credit Suisse reiterates outperform and 610p target price. Legal&General: JP Morgan Cazenove ups target to 220p from 212p and reiterates underweight. Glencore: Investec reiterates buy and takes target to 328p from 306p. John Wood Group: Canaccord Genuity reiterates hold and lowers target to
Read moreLondon open: Mining stocks lift FTSE but Morrisons slumps after results
12th Mar 2015 09:05
A rebound in the mining sector pushed UK markets higher for a second day on Thursday as stocks continue to recover after a steep sell-off earlier in the week. London's FTSE 100 was up 0.75% at 6,771.66 in early deals with metal producers rising strongly after stronger-than-expected Chinese lending d
Read moreSector movers: Antofagasta leads miners lower on weak China data, metal prices
11th Mar 2015 14:35
Falling metal prices, subdued risk appetite and weak Chinese economic data were weighing on mining stocks on Wednesday, with Antofagasta among the worst performers. A surge in the dollar on increased speculation about a sooner-than-expected rate rise in the States has dampened commodity prices over
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreFTSE 100 movers: Exane boosts StanChart, sees buy-backs at Glencore
9th Mar 2015 14:04
Analysts at Exane BNP Paribas have hiked their price target on shares of Standard Chartered to 940p from 875p but write that that the chances of a dividend cut are now greater than 50%. On the plus side of things, the broker adds that the lender can now probably avoid a capital increase. On the subj
Read moreMonday broker round-up
9th Mar 2015 11:29
Barclays: Charles Stanley reiterates accumulate. Nomura stays at buy, ups target to 81p from 78p. Lloyds: Investec reiterates buy and 85p target price. RSA: Credit Suisse reiterates outperform recommendation and hikes target to 525p from 475p. Goldman downgrades to sell from neutral. ARM Holdings:
Read moreThursday broker round-up
5th Mar 2015 12:41
Rightmove: Credit Suisse lifts target price to 3220p from 2700p but cuts to neutral. Aviva: Panmure Gordon reiterates buy - with a 660p target, as does Westhouse Securities. Standard Chartered: UBS increases target price to 1000p from 980p and reiterates neutral view. Asos: Nomura ups target to 3,
Read moreM&A set heat up in mining sector as ex-Xstrata boss hunts deals
5th Mar 2015 10:47
M&A activity in the mining sector is set to heat up following reports on Thursday that former Xstrata boss Mick Davis is looking to take advantage of cheaper commodity prices to snap up some assets. According to a report in Wall Street Journal, Mick Davis, who was formerly the chief executive of Xst
Read moreLondon close: Stocks erase losses as ITV, StanChart and IAG gain
4th Mar 2015 16:41
After a weak start, UK markets managed to push into positive territory by Wednesday's close as decent gains from ITV, Standard Chartered and IAG offset some heavy falls in the mining sector. The FTSE 100 snapped three days of losses to finish up 0.44% at 6,919.24. Economic data from across the glob
Read moreFTSE 100 movers: ITV soars after beating 2014 forecasts, Fresnillo plunge on weak profits
4th Mar 2015 15:11
ITV topped the risers after the strongest advertising performance in five years helped it beat forecasts for 2014, as it hiked its annual dividend 34% and proposed an extra payout for shareholders. Numis Securities upped its rating on the broadcaster and producer from 'add' to 'buy'. Emerging market
Read moreLondon midday: FTSE continues retreat from record highs as mining stocks decline
4th Mar 2015 11:55
UK stocks were falling for the fourth straight day on Wednesday after a batch of mixed corporate earnings and global economic data. The FTSE 100 was down 0.32% at 6,866.94 by midday, on track for its lowest close since 16 February, with mining giants Fresnillo and Glencore providing a drag. Stocks
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