London open: Mining shares lift equities higher
7th Oct 2015 08:29
(ShareCast News) - London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose. Anglo American, Rio Tinto and BHP Billiton topped the FTSE 100 in morning trade as the price of gold and copper jumped on the Comex. SABMiller was also on the front foot, reversing the previ
Read moreBroker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
5th Oct 2015 15:56
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreSocGen upgrades Rio and Glencore, but downgrades BHP Billiton
5th Oct 2015 09:50
(ShareCast News) - Societe Generale reviewed its ratings on Rio Tinto, Glencore and BHP Billiton as it took a look at the metals and mining sector, which it rates at 'neutral'. The bank lifted Rio Tinto to 'buy' from 'hold', albeit with a lower price target of 2,450p from 3,100p. It said the stock c
Read moreRio Tinto sells stake in Bengalla coal joint venture
30th Sep 2015 07:02
(ShareCast News) - Rio Tinto has sold its 40% stake in the Bengalla coal joint venture in Australia for $606m (£400m), the company announced on Wednesday. Its stake in the mine, which produced 8.6m tonnes of coal in 2014, has been sold to New Hope Corporation Limited. Bengalla is the smallest of th
Read moreCredit Suisse downgrades Anglo American, sees cut to divi
22nd Sep 2015 10:18
(ShareCast News) - Until final demand from China and emerging market currencies find a bottom it will continue to be hard to set a floor for commodity prices, one of the world's largest brokers believed. Iron ore was set to do worst from current levels while copper prices were seen "hovering" around
Read moreLondon close: Stocks decline on interest rate confusion ahead of FOMC decision
14th Sep 2015 16:27
(ShareCast News) - The UK equity market declined on Monday after earlier gains as investors showed nervousness ahead the Federal Reserve's interest rate decision. The Federal Open Market Committee on Thursday announces whether it will raise rates for the first time in almost a decade following a two
Read moreLondon midday: Stocks edge higher as China unveils state-firm reforms
14th Sep 2015 11:50
(ShareCast News) - London stocks edged higher on Monday after China revealed details of state-business reforms as worse-than-expected data fuelled concerns about the nation's slowdown. China on Sunday outlined plans to restructure its state-owned enterprises, including partial privatisation. The pro
Read moreBroker tips: Drax, Rio Tinto, Diageo
11th Sep 2015 13:49
(ShareCast News) - Drax was under the cosh after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed its price target to 230p from 300p. It said that as regards the outcome of the EU's deliberations on whether to permit the proposed fixed price CfD for Drax's third unit conversio
Read moreUBS ups Rio Tinto to 'buy' with an unchanged price target
11th Sep 2015 08:57
(ShareCast News) - Rio Tinto got a boost on Friday after UBS upgraded the stock to 'buy' from 'neutral' with an unchanged price target of 2,850p. The bank said the risk/reward scenario is improving following recent weakness in the share price, with Rio starting to show some discipline in iron ore an
Read moreFTSE 100 movers: Miners and financials drive third successive uptick
9th Sep 2015 14:55
(ShareCast News) - The FTSE 100 index was higher for the third day of the week, led by miners and financials stocks. Diversified miner Anglo American was the leader of the pack with an hour to go on Wednesday as it confirmed the sale of loss-making Rustenberg mining and concentrating operations to S
Read moreLondon close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read moreFTSE 100 movers: Hikma nudges up on Goldman upgrade, miners slide
4th Sep 2015 12:06
(ShareCast News) - London's top-flight index was down 2.2% to 6,059.90 at 1515 BST, extending earlier losses following a weaker-than-expected US nonfarm payrolls report. Hikma Pharmaceuticals nudged a little higher after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price t
Read moreFTSE 100 movers: easyJet flies higher on profit guidance, Weir slips on demotion
3rd Sep 2015 12:40
(ShareCast News) - London's FTSE 100 was on the front foot Thursday, taking its cue from strength on Wall Street as the closure of Chinese markets provided investors with some much-needed respite. At 1305 BST, the top-flight index was up 1.4% at 6,165.81. Budget airline EasyJet flew higher after lif
Read moreRio Tinto expects iron ore demand to keep growing
3rd Sep 2015 09:43
(ShareCast News) - Mining giant Rio Tinto said on Thursday that it expects demand for iron ore and steel to continue growing despite a slowdown in China. The group said it continues to expect 2.5% average annual growth for steel demand across China and the rest of the world over the next 15 years, c
Read moreFTSE 100 movers: Miners push higher, StanChart rebounds from recent losses
27th Aug 2015 14:17
(ShareCast News) - London's top-flight index was firmly on the font foot on Thursday, with miners pacing the advance, as Asian markets stabilised following intervention from the People's Bank of China, and as expectations of a rate hike by the Federal Reserve were pushed back. Asia-focused Standard
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