FTSE 100 movers: Fresnillo, Randgold, Petrofac
27th Aug 2013 13:49
Precious metal companies Fresnillo and Randgold Resources gained as the prices of gold, silver and copper surged. Petrofac advanced as analysts at Liberum Capital said the weakness in shares and the oilfield services company's upbeat outlook presented a good buying opportunity. Marks & Spencer ra
Read moreLondon midday: Stocks fall as Syrian crisis hits sentiment
27th Aug 2013 11:46
Escalating tensions in the Middle East dented investor sentiment on Tuesday morning as traders largely shook off some upbeat economic data closer to home. Business sentiment in Germany improved across the board in August as the Eurozone's largest economy continues to build momentum. The IFO report,
Read moreBroker tips: IAG, M&S, Premier Foods
27th Aug 2013 11:44
Investec has downgraded its rating for British Airways owner International Airlines Group (IAG) from 'buy' to 'hold' after strong gains seen across the airlines sector since the start of the year. "European airlines have benefited from reduced capacity and a flattening of fuel prices in 2013. Stron
Read moreIAG to issue 48m new shares to meet demand from bond holders
27th Aug 2013 11:24
International Airlines Group [IAG] will issue 48.124m new ordinary shares to meet the demand from holders of its 5.8 per cent convertible bonds due in 2014, according to a regulatory filing with the Spanish market regulator [CNMV]. On August 16th the company offered to redeem the entirety of the 35
Read moreBroker snap: Investec downgrades IAG after strong run
27th Aug 2013 10:58
Investec has downgraded its rating for British Airways owner International Airlines Group (IAG) from 'buy' to 'hold' after strong gains seen across the airlines sector since the start of the year. "European airlines have benefited from reduced capacity and a flattening of fuel prices in 2013. Stron
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreLondon midday: Markets underwhelmed by strong UK retail sales
15th Aug 2013 11:54
Better-than-expected UK retail sales failed to give markets a boost on Thursday morning with the FTSE 100 falling heavily as investors remained cautious ahead of a barrage of US economic data due out later on. UK retail sales volumes climbed 1.1% on the month to an all-time high in July as the heat
Read moreLondon open: Weak start ahead of US data
15th Aug 2013 08:36
UK stocks slumped in early trading on Thursday as investors awaited a barrage of economic data from the US amid mounting fears of a withdrawal of stimulus by the Federal Reserve. "With the markets having a good run of late, the combination of uninspiring earnings and fears of tapering could create
Read moreLondon pre-open: Subdued start expected ahead of US data
15th Aug 2013 07:31
The FTSE 100 is expected to open slightly lower on Thursday as markets await a long list of economic data later on. Retail sales figures will be the only major indicator to watch here in the UK today, though traders will keep their eyes peeled for the following data in the States: CPI; jobless clai
Read moreLondon midday: Stocks flat despite decent data from UK, Eurozone
14th Aug 2013 11:18
The FTSE 100 was continuing to trade more or less flat on Wednesday morning despite economic data from the UK and Eurozone coming in ahead of expectations. "The equity market continues to trade within its recent range this morning as volumes bounce along the bottom and traders struggle for motivati
Read moreBroker tips: IAG, GlaxoSmithKline, Shell
14th Aug 2013 10:37
Shares in British Airways owner International Consolidated Airlines Group (otherwise known as IAG) were trading higher on Wednesday morning after some comments from Nomura and Deutsche Bank who both reiterated their 'buy' ratings for the stock. Nomura raised its target price for the stock from 283p
Read moreBroker snap: Deutsche Bank, Nomura stay positive about IAG
14th Aug 2013 09:50
Shares in British Airways owner International Consolidated Airlines Group (otherwise known as IAG) were trading higher on Wednesday morning after some comments from Nomura and Deutsche Bank who both reiterated their 'buy' ratings for the stock. Nomura raised its target price for the stock from 283p
Read moreLondon open: Subdued start as markets await influx of data
14th Aug 2013 08:23
Markets opened broadly flat on Wednesday as traders showed caution ahead of a barrage of economic reports, including the minutes of the latest Bank of England policy meeting. As well as the minutes, investors will look out for gross domestic product (GDP) figures from the Eurozone, unemployment da
Read moreWednesday broker round-up UPDATE
14th Aug 2013 07:53
Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo
Read moreLondon close: Footsie gains on upbeat data, Fresnillo jumps
13th Aug 2013 16:57
Upbeat data from home and abroad gave the FTSE 100 a lift on Tuesday, with precious metals group Fresnillo leading the heavyweight mining sector higher in London. Markets briefly dipped into negative territory in afternoon trade after US retail sales came in slightly below expectations, though a la
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