Rio and Anglo downgraded as BarCap slashes commodity estimates
21st Apr 2015 09:17
Mining giants Rio Tinto and Anglo American were under the cosh in London as analysts at Barclays Capital slashed their commodity prices forecasts and lowered their recommendations on both shares. While acknowledging that the average institutional investor has very little interest in commodity price
Read moreLondon open: FTSE back near record high as updates from Sky and ARM impress
21st Apr 2015 09:09
UK stocks were renewing their push towards record highs again on Tuesday, helped by well-received results from blue chips Sky and ARM Holdings. The FTSE 100 was up 0.60% at 7,094.78 within the opening hour. The index rose as high as 7,105.13 early on, just shy of its intraday record of 7,119.35 rea
Read moreRio Tinto maintains full-year production guidance
21st Apr 2015 07:09
Australian iron ore miner Rio Tinto will meet its full-year production targets despite lower than expected iron-ore shipments as a result of poor weather and transport delays. The London-based miner increased output of the metal by 12% in the first three months of the year to reach 74.7m tonnes. Th
Read moreLondon pre-open: Positive start expected ahead of quiet session
21st Apr 2015 06:50
UK stocks are expected to open with small gains on Tuesday as the Footsie resumes its push back towards record highs ahead of a quiet day for economic data. City sources predict the FTSE 100 will open 13 points higher than Monday's close of 7,052.13. After two straight sessions in the red, news of
Read moreLondon close: Chinese stimulus lifts stocks despite ongoing Greek uncertainty
20th Apr 2015 16:35
Stocks rebounded on Monday after as measures by policymakers in China to boost bank lending helped to repair sentiment after recent losses, despite ongoing uncertainty in Greece. London's FTSE 100 finished the session 0.82% higher at 7,052.13, with mining stocks leading the rise on increased hopes f
Read moreLondon 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
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