Sector movers: Natural resources stocks trigger another London market decline
23rd Jul 2015 15:38
(ShareCast News) - Natural resources, especially mining and metals, along with telecommunications stocks triggered yet another London market decline on Thursday. The FTSE 100 was down 12.33 points or 0.18% at 6655.01, while FTSE 250 was down 26.55 or 0.15% with mining, metal and oil stocks leading a
Read moreFTSE 100 movers: Easyjet soars on higher earnings outlook, insurers extend gains
22nd Jul 2015 14:40
(ShareCast News) - London markets edged lower on Wednesday after the Bank of England's rate-setting meeting had investors fretting about inflation risks. As of 15:00, the FTSE 100 was trading 1.4% lower at 6,672. Leading the fallers was ARM Holdings, which dropped after the chip maker reported seco
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreFTSE 100 movers: Shire higher on positive broker coverage, Rio Tinto boosted as production improves
16th Jul 2015 14:47
(ShareCast News) - London markets inched higher on Thursday, spurred on by reports of progress in Greece and strong performances from oil, engineering and property stocks. As of 1430 BST, the FTSE 100 was trading 0.6% higher at 6,791. Shire got a leg up as Berenberg re-initiated coverage of the sto
Read moreLondon open: Sterling and Greenback jump versus euro
16th Jul 2015 09:42
(ShareCast News) - Sterling was moving sharply higher versus the European single currency on Thursday morning, alongside the US dollar, as the market acknowledged the relatively greater scope for interest rate rises in both the UK and the US. That came ahead of a speech by Bank of England Governor M
Read moreFTSE 100 movers: Anglo American leads miners higher, Burberry hit by weak Asian sales
15th Jul 2015 14:36
(ShareCast News) - London markets were subdued on Wednesday, as strong performances from telecommunications, insurance and property stocks were offset by weakness in the oil, engineering and software sectors. As of 14:30 BST, the FTSE 100 was trading flat at 6,762. On the corporate front, Anglo Ame
Read moreSunday share tips: Infinis Energy, mining sector, Gear4music
12th Jul 2015 14:13
(ShareCast News) - Sell shares in waste-to-energy producer Infinis Energy, said the Sunday Times's Inside the City column. When Chancellor George Osborne last Wednesday swept away long-standing tax breaks for Infinis, Drax and other green energy producers in his Budget it was an especially big blow
Read moreHSBC trims price targets for miners
10th Jul 2015 11:40
(ShareCast News) - Volatility has been in the driving seat as a result of the recent gyrations in China's stockmarkets, but certain commodities will outperform once the fog clears one of the world's largest brokers said. "We fully acknowledge the near-term risk-off sentiment as the market looks to a
Read moreFTSE 100 movers: Barratt and AB Foods gain on updates, Prudential lifted by Goldman note
9th Jul 2015 15:41
London's FTSE 100 was on the front foot on Thursday, with cyclical stocks such as miners and banks in the black. Rio Tinto, Antofagasta and BHP Billiton all gained following a rebound in Chinese stock and metal prices. Elsewhere, Barratt Development rebounded from heavy losses in the previous sessi
Read moreLondon open: Stocks rise ahead of budget, but China and Greece a concern
8th Jul 2015 09:12
London stocks bounced slightly on Wednesday after settling at their lowest in nearly six months, though gains were modest as investors focused on a sell-off in China overnight, the upcoming UK budget and news flow on Greece. The FTSE 100 was up 0.38% at 6,456.90 early on, after settling at 6,432.21
Read moreRio Tinto re-opens Kitimat aluminium smelter after modernisaton
8th Jul 2015 07:33
Rio Tinto has re-opened its Kitimat aluminium smelter in Canada following an extensive modernisation, which the miner says will fundamentally transform its performance. The company said the modernisation will increase production capacity by 48% and result in Kitimat becoming one of the lowest-cost s
Read moreEuropean basic resources stocks take a hit; Glencore touches lowest level since 2011 IPO
7th Jul 2015 16:04
European basic resources took a hit on Tuesday, with the Stoxx Europe 600 index for the sector down 3.6% as metals prices dropped across the board. Base and precious metals were firmly in the red, with gold, silver, copper, nickel, and zinc down between 1 and 6%, hit by the dollar, which strengthene
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreSector movers: Telcos, natural resources stocks lead London market lower
3rd Jul 2015 10:46
Telecommunications and natural resources stocks led the London market lower on Friday, ahead of the Greek bailout referendum on Sunday. The blue chip FTSE 100 closed down 0.67% or 44.69 points at 6585.78 as the sell-off in mining stocks continued with base metals prices sliding yet again after a bri
Read moreFTSE 100 movers: Travel and banking stocks surge, miners decline
1st Jul 2015 13:05
London markets were buoyed by strength in the travel and banking sectors, which offset weakness in mining and oil stocks. As of 14:30 BST, the FTSE 100 was trading 1.5% higher at 6,617. Travel and leisure stocks including Easyjet, IAG, TUI and IHG rebounded after a recent sell-off. The sector had b
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