Wednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreWednesday tips round-up: Hays, Aggreko, Rio Tinto, BHP
10th Oct 2012 06:40
The mood music from the resources sector has worsened in recent weeks. Thus, Rio Tinto, the third biggest miner in the world, has lowered its estimates for China's growth this year to "just below" 8 per cent, down from the around 8 per cent growth it expected in August, chief executive Tom Albanese
Read moreLondon close: Growth concerns sink stocks for second straight day
9th Oct 2012 16:35
- Miners gain, but Footsie finishes firmly lower - IMF cuts forecasts; investors nervous ahead of Alcoa - UK economic data paints gloomy picture - Crude rises on Mid-East tensions With the International Monetary Fund (IMF) cutting its growth forecasts and Wall Street starting on the back foot ahead
Read moreSector movers: Miners gain on Chinese stimulus hopes
9th Oct 2012 16:00
The mining sector shrugged off some disappointing growth figures out from the International Monetary Fund (IMF) on Tuesday to trade broadly higher on hopes of economic stimulus in China. China's central bank injected 265bn yuan (£26bn) into the world's second-largest economy in reverse repurchase a
Read moreFTSE 100 movers: Miners lead the way
9th Oct 2012 15:22
Mining stocks were performing well despite the gloomy growth figures from the IMF. Vedanta was in the top spot despite seeing production and sales of iron ore from Goa fall in the second quarter as the government's ban on mining activities in the state starts to bite. Retail giant Marks & Spencer
Read moreLondon midday: Footsie slides as IMF spreads the gloom
9th Oct 2012 11:37
- IMF cuts global growth forecasts for 2012 and 2013 - UK economic data comes in mixed - Footsie still down despite mining strength The FTSE 100 remained firmly in the red during the morning session Tuesday after the International Monetary Fund (IMF) cast a cloud of gloom over the markets after dow
Read moreMore cost cutting as Rio cuts China growth assumption
9th Oct 2012 11:19
Mining giant Rio Tinto is set to brag about outperforming its peers at an investor seminar held jointly in New York and London on Tuesday afternoon, though it concedes that market conditions in the short-term are likely to remain volatile. The group is speeding up its cost cutting programme after r
Read moreBroker tips: Rio Tinto, Barclays, Hays
9th Oct 2012 11:17
UBS has raised its target price for resources giant Rio Tinto from 4,600p to 4,700p and kept its 'buy' rating, saying that the stock is its preferred pick of the UK diversified miners. The broker said that Rio "offers the greatest leverage [within the UK diversified mining sector] to a recovery in
Read moreBroker snap: UBS ups target for Rio Tinto
9th Oct 2012 10:41
UBS has raised its target price for resources giant Rio Tinto and kept its 'buy' rating, saying that the stock is its preferred pick of the UK diversified miners. A tour of some of Rio's assets in the US and Canada last month highlighted that one-off costs are masking the group's true underlying pe
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreLondon open: Stocks slip after IMF cuts growth forecasts
9th Oct 2012 08:25
- IMF cuts global growth estimates - Q3 US earnings season to kick off this evening - Capita and Aggreko dented by broker downgrades UK stocks continued to fall on Tuesday morning following a steep drop the day before, as concerns about the global economy were fuelled by a downgrade to growth forec
Read moreLondon midday: Stocks continue to gain ahead of US payrolls
5th Oct 2012 11:52
- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
Read moreLondon open: Footsie bolstered by miners ahead of US data
5th Oct 2012 08:48
- Burberry, Wood Group and miners lift FTSE 100 early on - Markets await US payrolls data - IMF to cut global GDP forecast Stocks edged higher on Friday morning ahead of some closely-watched jobs data from the US later today; Burberry, Wood Group and the miners were among the highest risers on the
Read moreTuesday broker round-up
2nd Oct 2012 08:17
African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
Read moreFTSE 100 movers: Tate & Lyle rises on positive update
27th Sep 2012 14:50
Sweeteners group Tate & Lyle rose after it said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Anglo American was also on the rise
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