London 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 moreFriday broker round-up UPDATE
15th Feb 2013 07:58
Aberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies m
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 moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreFTSE 250 movers: Home Retail Group tops the score
17th Jan 2013 15:57
Home Retail Group soared to the top of the FTSE 250 Thursday after Britain's biggest household retailer lifted its full-year profit guidance. The group said its annual pre-tax profit would be £10m pounds ahead of current market consensus at £73m after strong demand for tablet devices drove the grou
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read morePetropavlovsk announces potential 149m-pound investment in IRC
17th Jan 2013 08:49
Mining company Petropavlovsk has announced a potential 238m-dollar (149m-pound) investment in IRC by General Nice Development and Minmetals Cheerglory to fund production growth, according to a trading update published by the group on Thursday morning. IRC is the group's former non-precious metals d
Read morePetropavlovsk unveils promising Q4 results for subsidiary IRC
16th Jan 2013 10:06
Petropavlosk has highlighted encouraging fourth quarter results for IRC, its former non-precious metals division, in which it now holds a majority stake. IRC's trading update for the fourth quarter to December 31st revealed that iron ore production had exceeded targets at the Kuranakh Mine by 18%.
Read moreLondon close: Stocks rally after US data
4th Jan 2013 16:42
- Footsie closes at highest level in nearly two years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government London's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 g
Read moreFTSE 250 movers: Bank of Georgia rises on 'buy' rating from Numis
4th Jan 2013 15:30
Bank of Georgia Holdings was in the top spot on the FTSE 250 on Friday after Numis initiated its rating on the stock at 'buy', with a target price of 1,453p. Balfour Beatty, the global infrastructure group, was also on the up after it announced that it has been awarded a five-year highway maintena
Read moreIRC surpasses iron ore production targets for 2012
19th Dec 2012 11:35
IRC has exceeded its iron ore production targets for the year, the Hong Kong company announced Wednesday. IRC, which produces industrial commodities in the far-east of Russia and north-east of China, said it surpassed its target of 820,000 tonnes. The group anticipates a further production of up t
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
Read moreLondon open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
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