London 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 moreKenmare Resources posts decline in quarterly production
30th Jan 2013 07:57
Kenmare Resources, the titanium feedstock miner, said Wednesday that revenue rose 40 per cent in 2012, but disappointed investors with an anticipated decline in quarter-on-quarter production of heavy mineral concentrate (HMC) during the final three months of the year. Mining operations produced 15
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreBroker snap: Hold fire on miners, RBC tells clients
11th Jan 2013 12:57
"Despite a strong start to the year, we would wait for lower entry levels to continue to build Mining positions," analysts at RBC were telling clients on Friday morning. A moderately improving economic outlook is estimated for 2013, but China industrial production leverage is not what it used to b
Read moreLondon close: Markets boosted by US jobs report
7th Dec 2012 16:28
- Jobs reports lifts markets, but gains modest - Bundebank cuts German growth estimates - ECB rate cut speculation increases The Footsie finished with slight gains on Friday afternoon as some better-than-expected jobs data from the US managed to outweigh concerns about Germany's economy. Stocks st
Read moreFTSE 250 movers: Berkeley boosted by strong interims
7th Dec 2012 15:55
House builder Berkeley Group jumped early on after seeing revenue and profit surge in the first half, as it declared an interim dividend of 15p per share, compared with nil the year before. Revenue increased 69.4 per cent and pre-tax profit rose 40.7 per cent in the six months to October 31st. ITE
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreFTSE 250 movers: ITE exhibits positive figures
4th Dec 2012 15:48
ITE Group led the charge after it said revenues were up 11 per cent in the last year and good trading conditions had continued into the new financial year. Westhouse Securities raised its target price for the conference and exhibition organiser from 245p to 261p, while Numis raised its target price
Read moreFTSE 250 movers: Invensys continues to soar
29th Nov 2012 15:10
Technology group Invensys extended yesterday's surge after announcing last night that it is to sell its rail division to Siemens for 1.742bn pounds, pay down its pension deficit and return 625m pounds in cash to shareholders. Thus, the company's shares were again catapulted higher as talk picked up
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreLondon close: Losses erased after 'optimistic' fiscal cliff comments
28th Nov 2012 16:43
Comments from US Republican Speaker of the House John Boehner about the 'fiscal cliff' saw the FTSE 100 rally in afternoon trading to finish broadly flat. Markets got off to a poor start this morning after Nevada Democrat Harry Reid said that "little progress" has been made so far on avoiding the f
Read moreFTSE 250 movers: Kenmare falls on reduced production guidance
28th Nov 2012 15:18
Kenmare Resources, the titanium feedstock miner, was down after warning that as a result of production issues, it expects its full-year production to be lower than previous guidance of 630,000 tonnes of ilmenite and 50,000 tonnes of zircon. Insurance group Lancashire Holdings was another heavy fal
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read moreLondon open: Stocks fall as focus turns to 'fiscal cliff'
28th Nov 2012 08:31
UK stocks slipped in early trading on Wednesday, tracking US markets lower, as focus turned to the impending US 'fiscal cliff'. "European equities are trading lower this morning being pressured by a late sell-off in the US yesterday evening on fears that so far there has been too little progress be
Read moreKenmare warns on production levels
28th Nov 2012 08:14
Kenmare Resources, the titanium feedstock miner, has warned that as a result of production issues, it expects its full-year production to be lower than previous guidance of 630,000 tonnes of ilmenite and 50,000 tonnes of zircon. The company said it expects the reduction to be "less than 10 per cent
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