London close: FTSE closes slightly higher after construction, US data
2nd Sep 2014 17:11
- FTSE closes up 3.86 at 6,829.17 - Construction PMI better than expected - US data impresses techMARK 2,859.07 +0.02% FTSE 100 6,829.17 +0.06% FTSE 250 15,965.43 +0.05% The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahea
Read moreSector movers: Miners rise as Australia repeals controversial MRRT tax
2nd Sep 2014 15:01
Mining stocks were on the rise on Tuesday after Australia's government repealed a controversial tax on mining companies. The Australian Senate has voted to remove the Minerals Resource Rent Tax (MRRT), first introduced by the former Labor government in 2012, which taxes 30% of coal and iron ore min
Read moreFTSE 100 movers: Weir upgraded, mining stocks gain
2nd Sep 2014 14:21
Engineering firm Weir Group was a high riser on Tuesday after Credit Suisse upgraded the shares from 'neutral' to 'outperform' and hiked its target price from 2,540p to 3,060p. The bank said that the stock offers "a better relative risk return profile" near term than sector peer IMI which it downgra
Read moreLondon midday: Stocks rise on UK construction data, ECB hopes
2nd Sep 2014 12:00
- UK construction PMI unexpectedly rises - Stimulus hopes high ahead of Thusday's ECB meeting - Weir lifted by Credit Suisse upgrade - Mining, supermarket stocks provide a lift techMARK 2,855.10 -0.12% FTSE 100 6,835.10 +0.14% FTSE 250 15,970.91 +0.09% UK stock rose for the third straight session
Read moreLondon open: UK stocks near two-month high as Weir and miners rise
2nd Sep 2014 09:08
- UK construction, US manufacturing data ahead - Weir upgraded by Credit Suisse - Mining stocks rise strongly techMARK 2,857.76 -0.03% FTSE 100 6,842.96 +0.26% FTSE 250 15,965.65 +0.05% UK stocks were closing in a two-month high on Tuesday morning, rising for the third straight day, as investors t
Read moreGlencore non-exec stumps up after buyback announcement
28th Aug 2014 17:27
After recent results came in slightly ahead of consensus forecasts at Glencore, independent non-executive director Patrice Merrin has dipped into her pocket to buy shares in the company. Merrin bought 40,000 at a price of 361.04p per share, costing her £144,416. Last week Glencore's first-half ne
Read moreBroker tips: Glencore, Kazakhmys, WH Smith
21st Aug 2014 12:24
UBS has upped its target price for mining and commodities trading giant Glencore from 330p to 350p after an "encouraging" roundtable meeting with management. However, while the bank said it is attracted to the business strategy, it said the improving outlook for zinc and nickel markets and positive
Read moreUBS ups Glencore target but stays 'neutral'
21st Aug 2014 12:11
UBS has upped its target price for mining and commodities trading giant Glencore from 330p to 350p after an "encouraging" roundtable meeting with management. However, while the bank said it is attracted to the business strategy, it said the improving outlook for zinc and nickel markets and positive
Read moreFTSE 100 movers: CRH continues to fall after interim results
20th Aug 2014 15:59
One of Wednesday's biggest fallers was building materials group CRH, which has seen shares fall since delivering its interim results on Tuesday morning. The company said the sector had had an "encouraging" start to the year, but that it had been trading against a backdrop of "modest, if mixed recove
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreLondon pre-open: FTSE to drop into the red amid profit taking
20th Aug 2014 07:45
UK stocks look set to move lower at Wednesday's opening bell, with some analysts putting the drop down to a modest round of profit taking following a strong start to the week. City sources predict the FTSE 100 will open around six points lower than yesterday's close of 6,779.31, despite gains seen
Read moreGlencore unveils $1bn buyback as first-half profits rise
20th Aug 2014 07:11
- Interim dividend up 11%, $1bn buyback announced - Adjusted EBITDA up 8% - Marketing division drives profit growth Mining and trading giant Glencore reported an 11% increase in its interim dividend and unveiled a $1bn share buyback after profits rose in the first half of 2014. The company said th
Read moreLondon close: Inflation in focus as geopolitical tensions ease
19th Aug 2014 16:59
- FTSE closes up 38.06 at 6,779.31 - UK CPI drops to 1.6% - US housing starts jump 15.7% in July techMARK 2,800.98 +0.68% FTSE 100 6,779.31 +0.56% FTSE 250 15,895.26 +0.63% It was another positive finish for London's blue chips on Tuesday, which saw a jump at the opening bell followed by relativel
Read moreFTSE 100 movers: Retailers, housebuilders lead gains
19th Aug 2014 16:24
Retailers Kingfisher, Sports Direct and Next were occupying the top 10 on the FTSE on Tuesday, while housebuilders were also performing well as forecasts for a rate hike were pushed back after the inflation figures. Persimmon moved higher after pleasing with a 57% jumped in first-half profits, whi
Read more