London midday: Bargain-hunting helps UK stocks rebound
11th Aug 2014 12:03
- Geopolitical tensions ease slightly - Gaza, Ukraine, Iraq news-flow improves - Balfour rejects Carillion approach again techMARK 2,718.86 +0.91% FTSE 100 6,613.50 +0.70% FTSE 250 15,425.38 +1.19% UK stocks were performing well on Monday morning as investors took advantage of easing geopolitical
Read moreCanaccord highlights cash return potential at Rio Tinto
11th Aug 2014 10:45
Canaccord Genuity has repeated its 'buy' rating for Rio Tinto on the back of the miner's strong free cash flows in the first half. First-half results from the company last week showed lower-than-expected net debt and markedly lower capital expenditure than anticipated, Canaccord said. As such, the
Read moreMonday broker round-up UPDATE
11th Aug 2014 10:22
Avacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation. Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation. British Land: Liberum Capital upgrades to buy with a target price of 763p. Catlin Group: Deuts
Read moreLondon open: UK stocks rebound from four-month low
11th Aug 2014 09:03
- FTSE 100 gains after hitting lowest since 15 April - Israel, Hamas agree to 72-hour ceasefire - Chinese inflation unchanged in July - Centrica falls on EDF outage, Balfour rejects Carillion techMARK 2,712.26 +0.67% FTSE 100 6,607.04 +0.60% FTSE 250 15,355.95 +0.74% UK stocks rebounded on Monday
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreFriday 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
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