London open: Weak Asian data weighs on Footsie
17th Nov 2014 08:47
UK stocks began the day slightly lower, weighed down by negative references out overnight from Asia, despite which miners were registering the largest gains early on. Japan´s GDP contracted at a 1.6% annualised rate in the third quarter, a far weaker outcome than the 2.2% rate of expansion which ana
Read moreLondon pre-open: FTSE to fall after Japan falls into recession
17th Nov 2014 07:35
News of Japan falling into a recession is expected to provide a drag on the FTSE and other European markets on Monday morning. City sources predict the FTSE 100 will open around 30 points lower than Friday's close of 6,654.37. "The trading week got off to a woeful start in Asia overnight as news th
Read moreLondon midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreSector movers: Oil and mining stocks track commodities lower, Brent drops
11th Nov 2014 13:59
A sell-off across the commodities market on Tuesday meant that the oil and mining sectors were the worst performers on London's stock market, as falling crude and metal prices prompted concerns about companies' bottom lines. Stocks such as Tullow Oil, BG Group, Afren, Premier Oil, Shell and BP were
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLondon close: Miners lead shares higher on gold price rise
7th Nov 2014 17:11
Miners and oil stocks led the London market modestly higher on Friday as gold and oil prices jumped on a weaker dollar and German trade data improved. Silver miner Fresnillo gleamed 34.5p to 734p and Randgold Resources glittered 58p to 4132p as gold prices rose about 2% and a barrel of US crude boun
Read moreFTSE 100 movers: Mining stocks jump as insurers fall
7th Nov 2014 16:01
Mining stocks were performing well on Friday, leading the risers on the FTSE 100 as metal prices gained on upbeat US economic data. Fresnillo, BHP Billiton, Anglo American, Randgold and Rio Tinto were all in demand. Experian was continuing to advance after a well-received first-half report on Thursd
Read moreLondon midday: UK stocks rise, but gains trimmed as investors await US jobs data
7th Nov 2014 11:43
UK stocks gained on Friday after Eurozone stimulus hopes and upbeat economic data pushed Wall Street indices to more record highs, but gains were pared slightly by lunchtime as investors waited for the all-important US jobs report. The FTSE 100 was up 0.5% at 6,587 by midday, having touched an intra
Read moreLondon open: UK stocks at one-month high ahead of US jobs report
7th Nov 2014 08:41
The UK stock market was trading at a one-month high on Friday following more record highs on Wall Street, boosted by upbeat US economic data and hopes for more monetary stimulus from the European Central Bank (ECB). However, investors will be keeping a close eye on the upcoming US jobs report on Fri
Read moreIron ore price hit by Beijing smog concerns
4th Nov 2014 11:22
Iron ore prices have fallen worldwide after Chinese steel mills were ordered to halt production while the Asia-Pacific Economic Cooperation (APEC) conference is held in Beijing. The steep descent in iron ore prices back below $80 per tonne were apparently due to China's desire to clear the smog from
Read moreSector movers: Anglo leads miners higher despite weak Chinese data
3rd Nov 2014 13:50
Mining stocks were making small gains on Monday despite some disappointing economic data from top metals consumer China. Anglo American was among the best performers on speculation that the former boss of Xstrata could bid for some its assets. The Chinese government's official manufacturing purchas
Read moreMonday broker round-up UPDATE
3rd Nov 2014 10:47
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation. Afren: UBS lowers target price from 130p to 115p, keeping a buy recommendation. Anglo American: Nomura reduces target price from 1550p to 1400p, while leaving its neutral rating unaltered. Barclays: Exane ups targe
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