Friday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreLondon close: FTSE closes modestly higher
12th Jun 2014 16:32
- FTSE closes up 4.24 higher at 6,843.11 - US data disappoints - Eurozone industrial production beats forecast techMARK 2,846.73 +0.21% FTSE 100 6,843.11 +0.06% FTSE 250 16,125.95 +0.24% London-listed stocks ended the day marginally higher, coming off this morning's lows, although the gains were l
Read moreFTSE 100 movers: ITV jumps on advertising speculation, broker comment
12th Jun 2014 14:53
ITV's share price was rising strongly following reports that it could benefit from a move by US media giant Omnicom to halt further spend on advertising with broadcasting peer Channel 5. Also pushing it higher was Goldman Sachs, which reiterated its 'buy' rating on the broadcaster and cut its targe
Read morePwC says confidence returning to mining sector but dividends under threat
5th Jun 2014 11:49
- Dividends increased despite record write-downs - More cost-cutting required to maintain dividends - Rise of emerging markets trend to continue Dividend payouts rose from major mining companies last year despite record levels of impairments, according to a new report from PricewaterhouseCoopers,
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
Read moreLondon close: Chinese data ensures positive finish, despite ISM miss
2nd Jun 2014 16:59
- FTSE closes up 19.59 points at 6,864.10 - Chinese manufacturing sector improves - US ISM manufacturing gauge misses forecasts - German CPI surprise on the downside techMARK 2,822.41 +0.36% FTSE 100 6,864.10 +0.29% FTSE 250 16,084.40 +0.46% Lifted by positive manufacturing data from China, the FT
Read moreFTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
2nd Jun 2014 15:05
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreLondon pre-open: FTSE to open higher after Chinese PMI
2nd Jun 2014 07:40
The FTSE 100 looks set for a positive start to the week following another increase in Chinese manufacturing purchasing managers' index (PMI) and as investors look ahead to the European Central Bank (ECB) policy decision later this week. The top tier index is predicted to open around 20 points high
Read moreRio Tinto completes $1bn Clermont sale to Glencore
2nd Jun 2014 07:10
Mining giant Rio Tinto has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the company said in a statement on Monday.
Read moreFTSE 100 movers: Miners slide on iron ore and China concerns
30th May 2014 15:41
Mining stocks were trading firmly in the red as iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record. Meanwhile, concerns about a slowdown in China were also having an impact on stocks, as well as a profit warning from FTSE 250-listed Fenner,
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreMonday newspaper round-up: Mark Carney, Petroleum reserves, AstraZeneca
19th May 2014 07:25
The government's Help to Buy scheme could distort the entire mortgage market and may have to be curbed, the Governor of the Bank of England warned yesterday. Mark Carney said that the programme to help new home owners to secure a mortgage with a deposit of as little as 5 per cent may be encouraging
Read moreSunday newspaper round-up: AstraZeneca, Carney and housing, M&S
18th May 2014 10:57
Pfizer is weighing up a last-minute improvement to its indicative offer for AstraZeneca, the Sunday Times said. Pfizer is expected to increase the cash portion of its offer and could also increase the price per share before the May 26th deadline to secure a deal. It is also in talks with the Governm
Read moreFTSE 100 movers: Aggreko lifted by Citigroup note
14th May 2014 15:15
Aggreko rose strongly today after Citigroup reiterated its 'buy' rating on the stock. Paper and packaging group Mondi was following close behind after it delivered a 13% increase in underlying operating profits in the first quarter despite a "mixed" trading environment and flat sales volumes. Under
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