FTSE 100 Movers: Randgold shines again
29th Nov 2011 15:20
Randgold Resources was the top performer, rising over 5%, climbing its way back after yesterday's fall. On Monday, the firm cut its production forecast for the year after running into a number of difficulties at its Tongon mine in Côte d'Ivoire. The firm said that it now expects group production for
Read moreTuesday broker round-up - UPDATE
29th Nov 2011 09:15
Senior: Credit Suisse keeps at neutral, raises target to 175p from 165p. Icap: Credit Suisse keeps at outperform, lowers target to 420p from 510p. G4S: HSBC upgrades to overweight from neutral. Rio Tinto: UBS cuts target from 6,000p to 5,650p, buy rating kept [28 November]. BP: Nomura keeps neut
Read moreTuesday tips round-up: Senior, Johnson Matthey, Cove
29th Nov 2011 07:31
The timing is auspicious for Senior's purchase of Airbus-parts supplier Weston, as the market for large commercial aircraft is just starting to take off, notes Tempus in The Times. The deal, at £54m, or the equivalent of one year's sales or eight times' annual earnings, might look an expensive one,
Read moreBroker snap: Nomura resumes coverage of BHP at buy
28th Nov 2011 11:45
Analysts at Nomura have this morning published a research note highlighting how, in their opinion, fear has provoked a divergence between investor sentiment and mining valuation fundamentals. Thus, they argue that mining equities are already pricing in further falls (in commodity prices) and that v
Read moreMonday broker round-up
28th Nov 2011 10:52
Burberry: UBS keeps at neutral, cuts target to 1,250p from 1,450p BHP Billiton: Nomura reinitiates coverage at buy; raises target to 2,500p from 2,400p. Rio Tinto: Nomura reinitiates coverage at buy; establishes a target of 97p. Xstrata: Nomura keeps at buy; cuts target to 1,500p from 2,200p. EN
Read moreLondon open: Thomas Cook, Dixons jump higher
24th Nov 2011 08:34
The Footsie was trading broadly flat early on, swinging between small gains and losses in the opening minutes. Weighing on sentiment was a poll by Reuters/Ipsos MORI which showed that the majority of Britons (58%) believe the economy will get worse over the next year. That is the highest figure sin
Read moreLondon close: German bond auction response unnerves investors
23rd Nov 2011 17:05
After an uneventful morning session that came as a relief after the turbulent events of recent days, shares turtned sharply lower in the afternoon session, as US markets took a bath. The results of this morning's German bond auction set nerves a-jangling. Germany issued €3.644bn in 10-year bonds
Read moreLondon midday: Reassuringly dull morning session
23rd Nov 2011 12:01
It has been a comfortingly dull morning session in London after all the excitement of recent weeks, though there is no sign of Footsie bringing an end to its losing streak, though its cause is not helped by the index constituents Man, Next and Standard Life trading in ex-dividend form. MINERS HEAD
Read moreLondon open: Chinese data weighs on stocks
23rd Nov 2011 08:31
The Footsie fell below the 5,200 level early on, as some gloomy data from China dampened the mood. Weighing on sentiment today is the poor data out from China, which showed factory activity levels dropping to their lowest in 32 months. The HSBC flash manufacturing purchasing managers' index (PMI),
Read moreRio Tinto gets the all-clear for Hathor acquisition
23rd Nov 2011 07:34
Mining giant Rio Tinto has received clearance for its offer to purchase uranium developer Hathor Exploration for C$4.70 a share, in a bid which values Hathor at around C$654m (£402m) on a fully-diluted basis. The company said that the Canadian Competition Bureau's Commissioner of Competition issue
Read moreLondon pre-open: Chinese data to dampen the mood
23rd Nov 2011 07:21
The Footsie is expected to be hit by another wave of selling on Wednesday, its eighth in a row, with City sources predicting the index to open at around 5,156, almost 1% down from yesterday's close of 5,207. The blue chips have lost an average of 6% since Friday 11 November when the FTSE 100 stood a
Read moreLondon midday: Global concerns spark mass sell-off
21st Nov 2011 12:13
After a steep sell-off early on, the FTSE 100 traded sideways in the morning session and remained firmly below the 5,300 level, registering triple-digit losses, as of midday. Stocks markets across Europe suffered falls of between 2% and 3%, while US futures were also pointing to sharp decline, as ne
Read moreLondon close: Footsie finishes down 3.28% on the week
18th Nov 2011 16:23
In quite a volatile trading session, the Footsie finished over 1% lower on Friday. For the week, the top share index closed down 3.28% on last Friday's close of 5,545, after a steady five-day fall on the back of a lack of progress in Eurozone. UK-GERMAN MEETING, DRAGHI EXPRESSES CONCERNS Britain'
Read moreLondon midday: Five-day fall for Footsie
18th Nov 2011 11:57
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5
Read moreLondon open: Capita leads London lower
18th Nov 2011 08:47
London cannot escape the shadow of the Eurozone as shares open lower on fears of debt contagion among the European countries sharing the common currency. With the exception of GlaxoSmithKline, National Grid, Hargreaves Lansdowne and InterContinental Hotels, it is a clean sweep for the laggards amon
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