London open: Footsie flat for second day, but CSR rockets
17th Jul 2012 08:36
- Eyes on Bernanke and hints on further stimulus - CSR jumps nearly 40 per cent after disposal - Wolseley sees 'challenging' Europe The FTSE 100 was flat on Tuesday morning following a subdued session the day before, as investors look ahead to a semi-annual monetary policy report from the US Federa
Read moreLondon pre-open: Modest rise expected in early trading
17th Jul 2012 07:39
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,662, tracking Asian stocks higher after the International Monetary Fund raised its growth forecasts on Japan. The IMF now believes that the country's economy will expand 2.4 per cent this year rather than its previo
Read moreRio Tinto down on demand concerns
17th Jul 2012 07:20
A strong second quarter for Rio Tinto saw the mining giant achieve record iron ore production in the first half, but shares fell on Tuesday morning after the firm reported that output had exceeded sales. First-half iron ore output of 120m tonnes (94m tonnes attributable) and shipments of 115m tonne
Read moreTuesday preview: Rio Tinto, UK inflation
16th Jul 2012 18:56
A production report is due from mining giant Rio Tinto covering the second quarter. There should be an improvement on the first quarter's figures, when many of the miner's operations were affected by rain. Though the Bank of England - scheduled to release the minutes on Wednesday of the July meetin
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreMonday broker round-up
16th Jul 2012 08:23
Antofagasta: Nomura cuts target from 1,500p to 1,450p, buy rating kept. Betfair: Jefferies maintains buy rating and 900p target. BHP Billiton: Nomura cuts target from 2,400p to 2,100p, buy rating kept. Bumi: Nomura cuts target from 860p to 750p, neutral rating kept. ENRC: Nomura cuts target from
Read moreLondon open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreLondon close: Stocks slide ahead of Chinese growth data
12th Jul 2012 16:31
- All eyes on Chinese GDP data tomorrow - FOMC minutes disappoint as they fail to hint at QE3 - Aegis rockets after Dentsu offer; miners tank The FTSE 100 finished around 1% lower on Thursday afternoon with the mining sector bearing the brunt of concerns over the global economy ahead of some highly
Read moreFTSE 100 movers: Miners plunge but Ashmore beats them to bottom spot
12th Jul 2012 14:39
Mining heavyweights Antofagasta, Rio Tinto, ENRC and BHP Billiton were all registering steep losses after Credit Suisse slashed target prices across the sector after lowering commodity price estimates. Rio Tinto announced this morning that its Chief Financial Officer is to retire at the end of next
Read moreLondon midday: Growth concerns fuel risk aversion
12th Jul 2012 11:22
- Ashmore drops eight per cent; miners tank - Aegis rockets after Dentsu offer - Markets focus on FOMC minutes and global growth concerns European markets were firmly in negative territory on Thursday morning on the back of concerns over the global economy, with miners about the worst hit in London
Read moreBroker tips: Ashmore, Miners, Aegis
12th Jul 2012 11:08
Shares in fund management Ashmore took a battering on Thursday morning after its fourth-quarter statement but Peel Hunt has maintained its 'buy' recommendation and 440p target price for stock saying that it still offers 'long-term structural growth'. "Given the slightly lower period-end AuM, and re
Read moreBroker snap: Credit Suisse downgrades BHP, cuts targets for miners
12th Jul 2012 10:06
Credit Suisse has revised its target prices across the mining sector lower after cutting its commodity price estimates; as part of this review, the broker has downgraded its rating for BHP Billiton. The broker said that decelerating global growth and falling risk appetite have taken their toll on c
Read moreLondon open: Ashmore, G4S and miners provide a drag
12th Jul 2012 08:43
- FOMC minutes disappoint - Miners tank after Credit Suisse cuts forecasts - Aegis rockets after Dentsu offer The FTSE 100 dropped sharply in morning trade on Thursday with sentiment dampened by last night's statement by the Federal Reserve which didn't give any hints at further stimulus measures f
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreLondon pre-open: FTSE to fall on Fed concerns, Korea, Australia
12th Jul 2012 07:33
City sources predict the FTSE 100 will open down 29 points from yesterday's close of 5,664, as investors worry over whether the US Federal Reserve will increase stimulus after minutes from last month's meeting indicated that central bank judged that the economic situation would have to get worse for
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