London midday: Markets plateaux but Anglo American gains after results
15th Feb 2013 11:45
Stocks were trading within a narrow range on Friday morning ahead of the G20 meeting in Moscow and the release of key economic indicators in the States this afternoon. Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for
Read moreLondon open: Markets subdued ahead of G20 meeting
15th Feb 2013 08:19
Stocks markets began Friday's session in a cautious fashion, with the Footsie registering a moderate decline, ahead of the G20 meeting in Moscow. Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for strong, sustainable a
Read moreLondon pre-open: Minimal gain expected in opening trade
15th Feb 2013 07:38
City sources predict the FTSE 100 will open up a couple of points from yesterday's close of 6,327, following on from a mixed, but largely unchanged end to Thursday's session in the US. Thursday's big news Stateside was, of course, the announcement that business titan Warren Buffett plans to buy-ou
Read moreJohnson Matthey to miss out on commission following new contract
15th Feb 2013 07:20
Speciality chemicals group Johnson Matthey has agreed an extension of its metal supply deal with Anglo American Platinum and entered into a new contract, under which it will provide Anglo Platinum with platinum group metal market research services. The new agreement will result in a change to four
Read moreLondon close: Footsie drops 100 points on political uncertainty in Europe
4th Feb 2013 16:32
Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month
Read moreFTSE 100 movers: Randgold Resources ahead on profits
4th Feb 2013 14:45
Randgold Resources was leading the FTSE 100 race Monday after the gold exploration and development company posted a 16 per cent rise in profits for the full year. Production levels for the year also climbed 14% to 794,844 ounces of gold, while quarter-on-quarter profit was up 18% and production up
Read moreLondon midday: Stocks fall on profit-taking after recent surge
4th Feb 2013 11:30
UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th
Read moreLondon open: Banks weigh on the Footsie early on
4th Feb 2013 08:19
The FTSE 100 slipped into the red in early trading on Monday morning as investors took a breather after the impressive rally seen so far in 2013. Since the start of the year, the index has risen a whopping 7.62% and is now trading at levels not seen since mid-2008. "We may see a break in the recen
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreLondon close: Footsie slips after surprise US contraction
30th Jan 2013 16:57
After a decent start, London's FTSE 100 index slipped into the red in the afternoon session, as disappointing gross domestic product (GDP) figures from the US dampened risk appetite. Mining stocks bore the brunt of the selling today, pulling the resource-heavy Footsie down from the four-and-a-half-
Read moreFTSE 100 movers: WPP rises on upgrade
30th Jan 2013 15:32
Leading the upside was advertising and media firm WPP after Jefferies upgraded its rating for the stock from hold to buy. The broker said that an analysis WPP's largest clients and their 2013 ad budget 'looks encouraging' and 'with expectations low, we see upside risk'. Meanwhile, heavyweight fina
Read moreLondon midday: Markets nervous ahead of US GDP, FOMC
30th Jan 2013 11:39
Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on. "European markets are looking exhausted, broadly flat as traders continue to refrain from building equity positions after the
Read moreLondon open: Stocks flat ahead of a busy day
30th Jan 2013 08:30
Markets opened flat on Wednesday morning ahead a busy day on the economic calendar with all eyes focusing on growth data and a policy decision in the US later on. The world's biggest economy is expected to have grown at an annualised rate of 1.1% in the fourth quarter of 2012, according to prelimin
Read moreVolumes at Johnson Matthey hit by Amplats shake-up
30th Jan 2013 07:31
Speciality chemicals group Johnson Matthey reported that both sales and profits fell in the third quarter, while the outlook for the rest of the year remains mixed. "In a difficult market environment during the quarter, trading across the group was challenging," the firm said in a statement coverin
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