London midday: Markets hold on to gains but Debenhams drops
31st Dec 2013 11:36
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - US data in focus later on techMARK 2,781.38 -0.02% FTSE 100 6,750.03 +0.28% FTSE 250 15,900.19 -0.00% The FTSE 100 held on to gains on Tuesday morning despite a trading update from Debenhams dampening sent
Read moreFTSE 100 movers: Carnival buoyed by Q4 results, drugmakers higher
19th Dec 2013 14:47
Cruise operator Carnival surged into the top spot on the FTSE 100 risers list on Thursday after reporting a smaller-than-expected decline in net revenue yields in the fourth quarter. Net revenue yields in constant dollars fell by 2.1 per cent year-on-year, better than the company's guidance given in
Read moreLondon pre-open: Strong start expected after Fed taper
19th Dec 2013 07:40
UK markets are expected to jump on Thursday morning as investors react to the Federal Reserve's move to scale back quantitative easing, ending months of uncertainty for financial markets worldwide. City sources predict the FTSE 100 will open up 52 points from yesterday's close of 6,492.08. Both th
Read moreGlencore Xstrata lifts stake in Congolese miner
19th Dec 2013 07:10
Glencore Xstrata has bought up another chunk of Congolese copper and cobalt producer Mutanda Mining for 430m dollars cash. The FTSE 100 group snapped up the remaining 14.5% indirect equity interest held by High Grade Minerals SA to increase its controlling stake to 69%. The remaining equity in M
Read moreLondon close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreFTSE 100 movers: Supermarkets drop, Admiral hit by car insurance concerns
17th Dec 2013 16:08
Supermarkets stocks were registering losses on Tuesday afternoon after a report from Kantar Worldpanel revealed that over half the UK shopped in either Aldi or Lidl during the 12 weeks to December 8th for the first time in history. The panel found that all of the Big Four grocers and with the Co-o
Read moreLondon open: FTSE 100 holds at two-month low ahead of Fed
16th Dec 2013 08:28
- FTSE 100 trading at lowest level since October 11th - Taper in focus ahead of Fed decision on Wednesday - Mining stocks weigh on upside after China data techMARK 2,664.73 +0.04% FTSE 100 6,437.51 -0.04% FTSE 250 15,237.35 +0.03% UK markets opened more or less flat on Monday morning, holding at
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreLondon close: Stocks erase gains as investors weigh US budget, Fed policy
11th Dec 2013 17:01
- Taper speculation picks up after budget deal - Imagination Technologies drops sharply on H2 guidance - RBS, Lloyds lead banks lower - Defence stocks rise on US budget techMARK 2,674.83 +0.08% FTSE 100 6,507.72 -0.24% FTSE 250 15,396.12 -0.10% After a choppy session, UK markets sank into the red
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreFTSE 100 movers: Miners gain, supermarkets fall
5th Dec 2013 14:08
Mining stocks were performing well on Thursday as share prices recovered after a sell-off earlier in the week. Global diversified miner Vedanta Resources was a high riser as analysts at both AlphaValue and RBC Capital Markets upgraded their ratings for the stock. Other metal producers including An
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
Read moreBroker snap: 2015 could be 'fillip year' for miners, says Citigroup
2nd Dec 2013 16:23
Citigroup on Monday maintained its 'neutral' rating on the metals and mining sector, but recommended investors to position themselves for a 'fillip year' for the industry in 2015. The bank kept its cautious stance on the sector on a six-month view after it underperformed the wider FTSE 100 for the
Read moreLondon close: Markets inch higher on quiet day, but housing stocks sink
28th Nov 2013 16:28
- FTSE 100 edges higher, global equities close to six-year high - US markets closed for Thanksgiving - Housing, tobacco stocks pressured by government policy techMARK 2,668.00 +0.35% FTSE 100 6,654.47 +0.08% FTSE 250 15,431.80 +0.16% The FTSE 100 registered small gains on Thursday on a relatively
Read moreSector movers: Rio Tinto's expansion plans lift mining stocks
28th Nov 2013 15:58
A well-received statement from London-listed diversified mining group Rio Tinto and rising metals prices gave mining sectors a boost on Thursday. Rio Tinto today announced plans to ramp up production at its iron ore business in Western Australia. The FTSE 100 group expects mine production capacity
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