London midday: Chinese stimulus boosts miners, IHG gains
20th Apr 2015 11:26
Stimulus measures to spur bank lending in China gave UK stock markets a boost on Monday morning, with mining shares leading the charge after a sell-off the previous session. London's FTSE 100 was up 0.7% at 7,041.74 by midday, pulling back after hitting a high of 7,067.84 early on. The index droppe
Read moreLondon open: Mining stocks lift FTSE on PBoC stimulus
20th Apr 2015 09:07
UK stocks rose strongly on Monday morning as markets rebounded after a heavy sell-off the previous session, as sentiment recovered over the weekend following stimulus measures in China. "The markets were buoyed this morning by the news that China's central bank has taken fresh, if tentative, steps i
Read moreSector movers: Greek concerns and heightened UK political risk dent market confidence
17th Apr 2015 14:32
Persistent concerns over Greece defaulting on its sovereign debt obligations and heightened UK political risk dented market confidence as the FTSE 100 slipped below the 7,000 mark and firmly into the red. At 15:14 BST on Friday, the blue chip index was trading down 1.02%, or 71.83 points, at 6,988.6
Read moreIron ore slump may put smaller miners out of business, says Goldman Sachs
16th Apr 2015 07:50
Slump in the iron ore market has the potential to put small to mid-tier independent mining companies out of business, according to Goldman Sachs. In a report published on Thursday, the global investment bank said the iron ore market malaise could put up to 50% of production from mining companies out
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreFTSE 100 movers: Miners rebound, Hargreaves Lansdown plummets
14th Apr 2015 14:01
Mining stocks rebounded from heavy losses on Monday, when a number of investment banks lowered their price targets for iron ore over the coming years. Shares in BHP Billiton, Rio Tinto, Glencore and Anglo American were all trading higher. Stock in Hargreaves Lansdown plummeted after Peter Hargreaves
Read moreLondon midday: Stocks inch higher but Greek uncertainty limits upside
14th Apr 2015 11:36
A rebound in the mining sector and data showing that the UK economy narrowly avoided deflation gave stock markets a small boost on Tuesday, though uncertainty in Athens was limiting upside. Reports that Greece is preparing for a debt default if it can't reach a deal with its creditors were likely ke
Read moreLondon open: Stocks inch higher ahead of data, but Greek worries persist
14th Apr 2015 08:19
After an initial drop, London's Footsie bounced into positive territory on Tuesday morning, though gains were only modest as investors awaited key economic data and reacted to uncertainty in Greece. Reports that Athens is preparing for a debt default if it can't reach a deal with its creditors were
Read moreLondon close: Stocks retreat from record with investors nervous ahead of busy week
13th Apr 2015 16:29
Decent gains from financial stocks were outweighed by heavy falls in the mining sector on Monday as the UK equity market pulled back from a record high reached last week. Political uncertainty and nervousness ahead of busy week had prompted a bout of profit-taking in London, with the FTSE 100 down 0
Read moreFTSE 100 movers: Miners hit by sector-wide downgrades
13th Apr 2015 14:08
Citigroup downgraded its stance on the mining sector on Monday to 'neutral' from 'bullish', saying that upside is "now capped" by weaker iron ore prices. Citigroup now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016. Consequentially, the bank lowered its ratings on BHP Bill
Read moreBroker tips: Mining stocks, HSBC, BG Group, Pearson
13th Apr 2015 12:19
Citigroup downgraded its stance on the UK metals and mining sector on Monday to 'neutral' from 'bullish' after cutting its short and medium term outlook for iron ore. Citi now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016 and said "upside in the sector is now capped". Th
Read moreLondon midday: Miners fall as investors take profits after recent record
13th Apr 2015 11:41
Hopes for further stimulus in China weren't enough to lift stocks in the mining sector on Monday, as risk appetite was scaled back in the aftermath of another record high for the Footsie. With both UBS and Citigroup making downwards revisions to their iron ore forecasts, mining stocks were sold off
Read moreMonday broker round-up
13th Apr 2015 10:02
BP: Bank of America downgrades to neutral. BG Group: Investec upgrades to hold, Deutsche reiterates buy and 1,460p target. HSBC: Morgan Stanley upgrades to equalweight. IMI: Investec downgrades to hold. Fresnillo: Bank of America upgrades to buy. Anglo American: Citi downgrades to sell and decre
Read moreCitigroup downgrades UK mining and metals sector to 'neutral' and cuts a host of ratings
13th Apr 2015 09:40
Citigroup downgraded its stance on the UK metals and mining sector on Monday to 'neutral' from 'bullish' after cutting its short and medium term outlook for iron ore. Citi now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016. "Under this backdrop we believe the upside in the
Read moreLondon open: FTSE pulls back from all-time high as mining stocks decline
13th Apr 2015 08:22
London's FTSE 100 retreated from a fresh record on Monday morning as investors took profits ahead of a busy week for global financial markets, with shares in the mining sector in particular under pressure. The Footsie was trading 0.24% lower at 7,072.78 early on after settling at a new all-time clos
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