Friday tips round-up: Cobham, Rio Tinto
8th Aug 2014 09:27
Cobham's first-half results were "landmark" as revenues from its commercial activities surpassed those from the defence sector for the first time ever, as the firm progresses on its transformation into a true technology outfit. Indeed, two thirds of the company's sales now come from 'connectivity' -
Read moreLondon close: Stocks weighed down by Russia worries
7th Aug 2014 17:19
- Coca-Cola HBC, RSA disappoint - Russia-West tensions high after food import ban - BoE holds rates, ECB expected to do same techMARK 2,710.03 -0.18% FTSE 100 6,597.37 -0.58% FTSE 250 15,240.10 -0.15% UK stocks finished the session at their intra-day lows almost as traders continued to anxiously w
Read moreFTSE 100 movers: Coca-Cola HBC and Old Mutual lead fallers as earnings disappoint
7th Aug 2014 14:10
Shares in bottling firm Coca-Cola HBC sank over 3% on Thursday after saying unfriendly consumer sentiment and foreign exchange headwinds looked unlikely to improve during 2014 as it downgraded its volume expectations for the year as a whole. Financial services group Old Mutual declined after saying
Read moreBroker tips: Rio Tinto, Hargreaves Lansdown, Henderson, Dixons Carphone
7th Aug 2014 12:25
Rio Tinto easily beat consensus estimates with its first-half results on Thursday, though Investec repeated its 'hold' recommendation for the stock on a valuation basis. It said that the stock appears "fully valued" on a price-to-earnings basis. Nevertheless, the broker said that shareholders could
Read moreLondon midday: UK stocks fall on weak earnings, central banks in focus
7th Aug 2014 12:10
- CCH, Old Mutual, Randgold, Mondi disappoint - Russia-West tensions high after food import ban - BoE holds rates, ECB expected to do same techMARK 2,711.50 -0.13% FTSE 100 6,619.52 -0.25% FTSE 250 15,244.89 -0.12% UK stocks were trading at their lowest levels since mid-April on Thursday morning w
Read moreInvestec says increased shareholder returns possible at Rio Tinto
7th Aug 2014 10:37
Rio Tinto easily beat consensus estimates with its first-half results on Thursday, though Investec repeated its 'hold' recommendation for the stock on a valuation basis. Nevertheless, the broker said that shareholders could still see "increased returns" from 2015 after the miner's recent strong per
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreLondon open: FTSE 100 near four-month low ahead of BoE, ECB
7th Aug 2014 09:06
- BoE, ECB decisions in focus - Russia bans food imports from US, EU - Rio Tinto leads mining stocks higher, but Randgold drops techMARK 2,709.84 -0.19% FTSE 100 6,616.42 -0.30% FTSE 250 15,237.15 -0.17% UK stocks were closing in on a four-month low on Thursday morning as investors turned cautious
Read moreRio Tinto sees H1 profits jump on cost-cutting
7th Aug 2014 08:37
- Underlying earnings up 21% - Cost reduction targets reached ahead of schedule - Operating cash flow rises 8%, dividend up 15% Rio Tinto hailed an "outstanding performance" in the first half as underlying earnings jumped by over a fifth and cash flow generation increased, with the miner topping i
Read moreSABMiller appoints Rio Tinto chairman as Manser replacement
6th Aug 2014 09:10
Jan du Plessis, the chairman of mining group Rio Tinto, has been named as the chair of beverage giant SABMiller, the companies announced on Wednesday. Du Plessis, who is also on the board at retail bellwether Marks & Spencer and had previously worked as a director at British American Tobacco and Ll
Read moreLondon midday: UK stocks sink 1.4% as investors scale back risk
1st Aug 2014 12:10
- RBS underwhelms with Q2 results - Mining stocks fall as investors scale back risk - Rexam, IAG, Smith & Nephew gain after results - Gaza fighting, US data keeps investors cautious techMARK 2,732.54 -1.17% FTSE 100 6,635.42 -1.41% FTSE 250 15,313.02 -1.18% UK stocks were in the red for the third
Read moreLondon open: Miners, RBS drag UK stocks lower ahead of US data
1st Aug 2014 09:15
- Miners, RBS drag markets lower - US labour-market data in focus - UK stocks follow sell-off on Wall Street techMARK 2,747.58 -0.63% FTSE 100 6,688.51 -0.62% FTSE 250 15,393.35 -0.66% Falling share prices in the mining sector and a cool reaction to quarterly results from Royal Bank of Scotland en
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreRio Tinto to sell coal assets in Mozambique
30th Jul 2014 08:02
Diversified mining group Rio Tinto has announced that it will sell its coal assets in Mozambique for $50m. Rio Tinto Coal Mozambique, which comprises the 65%-owned Benga coal mine and other projects in the Tete province, are being sold to International Coal Ventures Private Limited. The transactio
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
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