London close: Economic data and political uncertainty sink stocks
23rd Apr 2012 17:03
- PMI data disappoints - Markets dragged down by European politics - Miners, Prudential, IAG lead fallers on Footsie Global stock markets were under heavy selling pressure on Monday as some gloomy economic data and political uncertainty in Europe weighed on sentiment. London's FTSE 100 index droppe
Read moreLondon midday: Weak macro data prompts sell-off
23rd Apr 2012 11:41
- Chinese, Eurozone PMIs show contraction - Eyes on political situation in France, Netherlands - Miners provide a drag on Footsie Weak data from both China and the Eurozone was weighing heavily on the FTSE 100 in morning trade on Monday, while political tensions in France and the Netherlands were a
Read moreLondon open: Stocks slump after Chinese PMI data
23rd Apr 2012 08:26
- Miners sold off after Chinese PMI - Vodafone makes offer for CWW - Old Mutual sinks after Goldman downgrade London's blue chip index experienced a sharp fall in early trading on Monday after some gloomy economic data from China weighed heavily on the mining sector. The HSBC preliminary flash pu
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreRio Tinto Ivanhoe CEO/CFO heave-ho
18th Apr 2012 13:49
Mining giant Rio Tinto is to underwrite a massive rights issue by its subsidiary, Ivanhoe Mines, with the funds used to pay for the development of Ivanhoe's Oyu Tolgoi copper-gold mine in Mongolia. Canada's Ivanhoe, which Rio Tinto took control of in January of this year, intends to raise US$1.8bn
Read moreLondon midday: Investors show caution after yesterday's strong rise
18th Apr 2012 11:46
- Ex-div stocks weigh on Footsie - MPC minutes: Miles calls for more QE - Eurozone swings to deficit in February - UK jobless rate falls for first time since May 2011 London's FTSE 100 index was trading slightly lower by Wednesday lunchtime following a strong showing from the benchmark yesterday, a
Read moreWednesday broker round-up - UPDATE
18th Apr 2012 09:12
ARM Holdings: Morgan Stanley maintains overweight rating. Ashtead: Jefferies maintains buy rating and 300p target. BHP Billiton: Barclays Capital maintains overweight recommendation and 2,400p target. British American Tobacco: Nomura raises target from 3,360p to 3,390p, buy recommendation maintai
Read moreLondon close: Macro data sees stocks surge
17th Apr 2012 16:59
- Footsie at intraday high by the close - Economic data from Eurozone and US boost buying - Banks and miners lead risers in London London's FTSE 100 index surged by nearly two per cent on Tuesday, as upbeat economic data from the Eurozone and US provided a spark in the banking and mining sectors. M
Read moreLondon midday: Gains cemented by Spanish auction, ZEW index
17th Apr 2012 11:39
- Spain sees strong demand at debt auction - German ZEW surprises to the upside - Barclays leads banks higher after BofA note Gains for London's blue chip index had been extended by Tuesday lunchtime after some positive newsflow from Europe and a rebound in the banking sector. Spain issued €3.18bn
Read moreLondon open: Stocks rise ahead of Spanish auction
17th Apr 2012 08:38
- Burberry, M and S tumble after trading updates - Banks in demand after yesterday's fall - Eyes on Spanish bond auction UK blue chip stocks opened broadly higher on Tuesday morning, as a rebound in the banking sector offset some poorly received trading updates from Burberry and Marks and Spencer.
Read moreRio Tinto production hit by bad weather
17th Apr 2012 07:09
Mining giant Rio Tinto said production of copper and iron ore fell in the first quarter of 2012 compared with the final three months of last year. The company's shares that are traded on the Australia Stock Exchange fell 1% overnight on the news that bad weather had hit production. Three tropical
Read moreBroker tips: Int'l Power, AMEC, Rio Tinto
16th Apr 2012 11:33
GDF SUEZ's new bid for the remaining stake in utilities giant International Power (raised from 390p to 418p per share) is now close to Investec's expectations and the broker expects the offer to 'progress smoothly to its conclusions'. The broker does not foresee much regulatory risk: "Given that GD
Read moreBroker snap: Credit Suisse optimistic about Rio
16th Apr 2012 10:40
Credit Suisse has maintained its outperform rating for mining group Rio Tinto ahead of its first quarter production report on Tuesday. "We see a strong investment case for Rio led by robust steel production and iron ore demand, possibility of a buyback with the interim results, asset divestments (P
Read moreLondon open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreMonday broker round-up - UPDATE
16th Apr 2012 08:22
AMEC: Investec keeps buy rating and 1,300p target. AVEVA: Merchant Securities maintains buy recommendation and 1,800p target; Invetec cuts target from 1,900p to 1,850p, buy rating kept. Barclays: Investec maintains buy rating and 240p target. BHP Billiton: UBS cuts target from 2,500p to 2,400p, b
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