Monday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
Read moreGlencore Xstrata reportedly reaches railway deal in Mauritania
31st Mar 2014 10:23
Commodities trader and mining group Glencore Xstrata is said to have reached a preliminary deal in Mauritania for a 1bn-dollar contract to access railway and port facilities as it expands into iron ore. According to the Financial Times, Glencore has agreed with state-controlled miner Société Nation
Read moreLondon close: Stocks end higher after choppy session
28th Mar 2014 16:59
- FTSE ends session up 27.26 at 6,615.58 - Insurance slide, miners climb - UK Q4 current account deficit bigger than expected techMARK 2,762.30 -0.03% FTSE 100 6,615.58 +0.41% FTSE 250 16,181.71 -0.13% The week ended on a positive note for UK stocks as they tracked gains seen Stateside and a posit
Read moreFTSE 100 movers: Insurers and miners at polar ends of index
28th Mar 2014 14:45
Insurance groups were hit by the news the FCA is planning to look into 30m insurance policies sold between the 1970s and 2000 on the back of concerns that they may have contained 'unfair' terms continue to push insurance companies sharply lower. The policies are reportedly worth 150bn pounds. The
Read moreLondon midday: Markets erase gains as insurance stocks tank
28th Mar 2014 12:02
- Insurers drop sharply on FCA investigation reports - Miners edge higher - Chinese Premier hints at more stimulus techMARK 2,767.34 +0.16% FTSE 100 6,590.41 +0.03% FTSE 250 16,181.96 -0.12% The FTSE 100 was trading more or less flat by Friday lunchtime after erasing earlier gains as heavy losses
Read moreLondon open: Miners rise on Chinese stimulus hopes, insurers drop
28th Mar 2014 08:34
- Miners rise on Chinese stimulus hopes - Li Keqiang hints at possible easing - Insurers fall on FCA investigation techMARK 2,779.04 +0.58% FTSE 100 6,621.74 +0.51% FTSE 250 16,239.90 +0.23% UK stocks were making decent gains on Friday morning after a positive session in Asia overnight as comments
Read moreLondon close: Stocks finish in the red as miners, banks, Crimea drag
27th Mar 2014 16:59
- FTSE closes 16.98 points lower at 6,588.32 - Feb UK retail sales rise by more than expected - US jobless claims fall more than expected techMARK 2,763.04 -0.70% FTSE 100 6,588.32 -0.26% FTSE 250 16,202.17 -0.31% Stocks ended Thursday's session broadly lower as both the banking and mining sectors
Read moreFTSE 100 movers: Aberdeen slides after target price cut
27th Mar 2014 15:05
Aberdeen Asset Management declined on the back of Credit Suisse's decision to cut its target price on the stock from 470p to 415p, reiterating its 'neutral' rating. WPP climbed after announcing its fourth acquisition of the week. Today saw the group reveal that its wholly-owned operating company,
Read moreBroker tips: Miners, Babcock, Compass...
27th Mar 2014 12:58
Jefferies has lowered its earnings forecasts and target prices across the UK-listed mining sector and cut its rating for Glencore Xstrata, recommending investors to stick with top picks Rio Tinto and BHP Billiton. "Chinese demand growth for commodities is unlikely to accelerate without aggressive s
Read moreLondon midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read moreJefferies cuts targets for miners, downgrades Glencore Xstrata
27th Mar 2014 10:54
Jefferies has lowered its earnings forecasts and target prices across the UK-listed mining sector and cut its rating for Glencore Xstrata, recommending investors to stick with top picks Rio Tinto and BHP Billiton. "Chinese demand growth for commodities is unlikely to accelerate without aggressive s
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreLondon open: Stocks track losses on Wall Street
27th Mar 2014 08:30
- FTSE 100 pulls back from two-week high - Babcock drops after acquisition, Tullow disappoints - Utilities fall after Ofgem report - UK and US data on tap today techMARK 2,770.54 -0.44% FTSE 100 6,567.22 -0.58% FTSE 250 16,203.40 -0.30% Falls from Babcock, Tullow Oil and utility stocks were weighi
Read moreFTSE 100 movers: Lloyds climbs on rating upgrade
24th Mar 2014 15:48
Investec has upgraded its rating for Lloyds Banking Group from 'hold' to 'buy', telling investors that "it is safe to go back in the water", prompting a strong rise in the share price. "After a 10% 10-week pull-back, we again see reasonable value for a low-risk stock. Upgrade to 'buy'," the broker
Read moreSector movers: Miners rebound after recent slump
21st Mar 2014 14:59
The mining sector was performing well on Friday as bargain hunters stepped in following recent weakness, while personal goods stocks were dampened by heavy falls from Burberry. At Thursday's close, the FTSE 350 mining sector had lost more than 11% over the last four weeks as falling copper prices a
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