London close: Chinese data ensures positive finish, despite ISM miss
2nd Jun 2014 16:59
- FTSE closes up 19.59 points at 6,864.10 - Chinese manufacturing sector improves - US ISM manufacturing gauge misses forecasts - German CPI surprise on the downside techMARK 2,822.41 +0.36% FTSE 100 6,864.10 +0.29% FTSE 250 16,084.40 +0.46% Lifted by positive manufacturing data from China, the FT
Read moreFTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
2nd Jun 2014 15:05
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the
Read moreSector movers: UK grocers drop as analysts predict weak Q1 from Tesco
2nd Jun 2014 13:55
Nervousness ahead of Tesco's first-quarter results prompted some profit taking among supermarket stocks on Monday, which were among the worst performers in afternoon trade. The negative trend of UK like-for-like (LFL) sales at Tesco is likely to have worsened in its first quarter, analysts at Oriel
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreLondon open: Chinese data gives UK mining stocks a boost
2nd Jun 2014 08:58
- Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appeti
Read moreFTSE 100 movers: Miners slide on iron ore and China concerns
30th May 2014 15:41
Mining stocks were trading firmly in the red as iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record. Meanwhile, concerns about a slowdown in China were also having an impact on stocks, as well as a profit warning from FTSE 250-listed Fenner,
Read moreFTSE 100 movers: Smith & Nephew rises on Stryker bid chatter
29th May 2014 15:35
Medical device maker Smith & Nephew was a high riser again after reports yesterday suggested that US peer Stryker was working on a bid for the firm. While the rumours were denied by Stryker, Smith & Nephew's share price was continuing to extend gains this morning after Credit Suisse said it sees "me
Read moreLondon close: FTSE lifted by gains in US, eyes on BoE, retail sales
21st May 2014 16:59
- FTSE closes up 19.04 points at 6,821.04 - Retail figures, BoE in focus - April mortgage lending up by more than a third techMARK 2,735.35 +1.07% FTSE 100 6,821.04 +0.28% FTSE 250 15,603.20 +1.06% A rise in stocks on the other side of the Pond helped drive blue chips into positive territory by to
Read moreFTSE 100 movers: Petrofac rises on Barclays upgrade
21st May 2014 15:28
Petrofac climbed after Barclays raised its recommendation for the UK's largest oil and gas engineer. An increase in oil prices also boosted the sector with both Brent and West Texas Intermediate crude futures higher. Burberry's annual revenue rose 17% to £2.3bn, boosted by strong retail sales. The
Read moreSector movers: Oil stocks led higher by Petrofac
21st May 2014 14:36
Petrofac lifted oil equipment, services and distribution stocks higher after Barclays raised its recommendation for the UK's largest oil and gas engineer. An increase in oil prices also boosted the sector with both Brent and West Texas Intermediate crude futures higher. Technology stocks were als
Read moreBroker tips: Intermediate Capital, UK Mail, Morrisons
21st May 2014 14:06
Profits, but at what cost? That's the question posed by analysts James Hamilton and David McCann at Numis to investors in shares of Intermediate Capital Group. The provider of mezzanine capital on Wednesday revealed a 25% decline in its loan book and a 13% fall in the profitability of its asset man
Read moreDeutsche cuts Morrisons to 'sell'
21st May 2014 10:35
Deutsche Bank has advised investors to sell shares in Morrisons, saying a rise in the British supermarket group's shares was unwarranted and a 275p takeover bid was unlikely. Deutsche said it was downgrading the stock to a 'sell' with a price target of 190p, down from 200p. Morrisons' share price
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreLondon close: Supermarkets lift FTSE to end week on positive note
16th May 2014 16:59
- FTSE closes up 14.92 points at 6,855.81 - Comments from Asda, Morrison bid speculation, lift supermarkets - Eurozone trade surplus narrows - US consumer confidence falls techMARK 2,745.29 -0.45% FTSE 100 6,855.81 +0.22% FTSE 250 15,397.92 -1.40% Blue chips managed to end the week on a positive n
Read moreFTSE 100 movers: Morrison leads on bid speculation
16th May 2014 15:15
Morrison was today leading the upside, driven by market chatter around a potential bid for the group by a US-led private equity consortium. According to the Daily Mail's market report, such a bid could total around 6.4bn pounds in cash. Sector peers Tesco and Sainsbury were also lifted by the news
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