Glencore meets forecasts with 13% rise in H1 copper production
13th Aug 2014 07:38
- Copper output up 13%, in line with forecasts - Coal, ferrochrome and oil production improves - Zinc and nickel volumes fall Mining and trading giant Glencore gave a mixed production report for the first half of 2014 with output of some commodities improving while that of others declined. Howeve
Read moreLondon close: FTSE ends higher as investor sentiment improves
11th Aug 2014 16:59
- FTSE closes up 65.46 at 6,632.82 - Geopolitical tensions ease, sentiment improves - UK home loans rise in June techMARK 2,727.40 +1.23% FTSE 100 6,632.82 +1.00% FTSE 250 15,460.73 +1.43% UK stocks registered a decent gain on Monday as investors took advantage of the bargains to be had following
Read moreFTSE 100 movers: Rio Tinto leads miners higher
11th Aug 2014 16:32
The mining sector was performing well with heavyweights such as Rio Tinto, Glencore and Anglo American making gains. Rio was supported by comments from Canaccord Genuity, which repeated its 'buy' rating on the back of the miner's strong free cash flows in the first half. Centrica inched higher desp
Read moreLondon open: FTSE 100 near four-month low ahead of BoE, ECB
7th Aug 2014 09:06
- BoE, ECB decisions in focus - Russia bans food imports from US, EU - Rio Tinto leads mining stocks higher, but Randgold drops techMARK 2,709.84 -0.19% FTSE 100 6,616.42 -0.30% FTSE 250 15,237.15 -0.17% UK stocks were closing in on a four-month low on Thursday morning as investors turned cautious
Read moreFTSE 100 movers: Intertek, HSBC lead risers after H1 results
4th Aug 2014 15:27
Product testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreLondon midday: UK stocks sink 1.4% as investors scale back risk
1st Aug 2014 12:10
- RBS underwhelms with Q2 results - Mining stocks fall as investors scale back risk - Rexam, IAG, Smith & Nephew gain after results - Gaza fighting, US data keeps investors cautious techMARK 2,732.54 -1.17% FTSE 100 6,635.42 -1.41% FTSE 250 15,313.02 -1.18% UK stocks were in the red for the third
Read moreLondon open: Miners, RBS drag UK stocks lower ahead of US data
1st Aug 2014 09:15
- Miners, RBS drag markets lower - US labour-market data in focus - UK stocks follow sell-off on Wall Street techMARK 2,747.58 -0.63% FTSE 100 6,688.51 -0.62% FTSE 250 15,393.35 -0.66% Falling share prices in the mining sector and a cool reaction to quarterly results from Royal Bank of Scotland en
Read moreGlencore completes $7bn sale of Las Bambas copper project
1st Aug 2014 07:18
Mining group and commodity trader Glencore has completed the multibillion-dollar sale of its Las Bambas copper project in Peru and said proceeds will go towards strengthening its balance sheet. The project, which was put up for sale last July, is still in pre-production phase and made a small loss
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
Read moreFTSE 100 movers: ARM leads the charge after strong Q2
22nd Jul 2014 15:53
Chip designer ARM Holdings was a high riser as it delivered a confident outlook, hailing a "healthy pipeline of opportunities" after strong licensing results helped profits beat expectations in the second quarter. The tech group, which makes processors for smartphones and tablets, said pre-tax profi
Read moreSector movers: ARM lifts tech stocks, miners rise
22nd Jul 2014 15:28
A positive market reaction to quarterly results from ARM Holdings helped tech stocks jump on Tuesday, while a return of risk appetite lifted the miners. Chip designer ARM, which makes processors for smartphones and tablets, said pre-tax profit in the six months to June 30th rose 9% year-on-year to
Read moreGlencore satisfies conditions of Las Bambas sale
22nd Jul 2014 12:00
Mining behemoth Glencore has satisfied all of the conditions to complete the sale of its interest in the Las Bambas copper mine project. It is selling its stake to a consortium of investors. Shares in Glencore were 1.7% higher at 364.45p by midday. NR
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
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