Wednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreDeutsche Bank sees upside to European stocks, warns of unstable equilibrium
18th Mar 2016 10:28
(ShareCast News) - Dovish guidance from the US Federal Reserve reduces the risk that sovereign bond yields will rise in 'real' terms, which in turn should support European equities, including the likes of Rio Tinto, but tensions in credit markets and other segments of global capital markets could re
Read moreLondon pre-open: Stocks seen a little higher ahead of BoE announcement
17th Mar 2016 07:27
(ShareCast News) - London stocks are set to open a little higher on Thursday as investors digest the Federal Reserve's decision to stand pat on rates and look to the Bank of England's latest policy announcement. The FTSE 100 is seen starting 15 points higher than Wednesday's close at 6,190. The BoE
Read moreRio Tinto CEO Sam Walsh to retire in July
17th Mar 2016 07:14
(ShareCast News) - Rio Tinto chief executive Sam Walsh will retire from the business on 1 July 2016 and will be succeeded by the chief executive of the copper and coal division Jean-Sébastien Jacques, the company said. To ensure a smooth transition, Jacques will join the board and become deputy chie
Read moreSector movers: Antofagasta crushed after company abandons dividend
15th Mar 2016 16:56
(ShareCast News) - Miners came under renewed selling pressure as iron ore futures continued to come off the boil and ahead of the US central bank's policy meeting the next day, with the Bank of Japan's decision overnight to keep its policy settings unchanged - instead of delivering further stimulus
Read moreMiners jump on the back of surge in iron ore price
7th Mar 2016 16:43
(ShareCast News) - Iron ore prices surged on Monday amid speculation a of a 'short squeeze' in the market after Chinese authorities announced measures over the weekend to prop up the country's economy and cut overcapacity in the steel market, which might help to buoy prices. At the latest People's N
Read moreFTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreRBC upgrades Rio Tinto but target price remains on downside
1st Mar 2016 14:14
(ShareCast News) - Rio Tinto shares have been upgraded by analysts at RBC Capital Markets after the miner adjusted its dividend policy. RBC, which upgraded to a 'sector perform' rating from previous 'underperform', said Rio changing its dividend policy has allowed the company to not only re-secure t
Read moreRio Tinto sells Bengalla for $617m
1st Mar 2016 07:10
(ShareCast News) - Rio Tinto has sold its 40% interest in the Bengalla coal joint venture in Australia for US$616.7m (£443m). The sale was enabled after Rio took its stake in Coal & Allied from 80% to 100% on 3 February as part of the restructuring of the coal group, which means it will receive t
Read moreMoody's downgrades Rio Tinto with 'negative' outlook
25th Feb 2016 15:04
(ShareCast News) - Moody's downgraded the senior unsecured ratings of all rated entities within the Rio Tinto Group, including the mining giant's subsidiaries to Baa1 from A3, with a 'negative' outlook. In a note to clients, the ratings agency said the action reflected its view that there has been a
Read moreSector Movers: Financial stocks rally to drag London market higher
25th Feb 2016 15:02
(ShareCast News) - Financial stocks neutralised a decline in mining sector shares, with both London indices ending Thursday's session in positive territory. At the close of proceedings, the FTSE 100 ended 2.48% or 145.63 points higher at 6012.81, while the FTSE 250 ended 1.75% or 281.57 points hig
Read moreFTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreLondon close: Miners bolster equities as copper and oil prices rally
22nd Feb 2016 16:05
(ShareCast News) - The FTSE 100 ended on a high note as oil and metals´ prices extended their recent rally, giving mining stocks a boost. Miners Glencore, BHP Billiton, Antofagasta and Rio Tinto registered gains as copper prices jumped 2.07% and oil prices rose after the rich world's oil watchdog
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
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