London 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
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
Read moreLondon midday: UK stocks rise as risk appetite returns
22nd Jul 2014 12:12
- Mining stocks, ARM Holdings provide a lift - Royal Mail drops on disappointing parcel performance, Tesco pulls back - Gaza, Ukraine still in focus techMARK 2,816.77 +0.56% FTSE 100 6,782.04 +0.80% FTSE 250 15,592.23 +0.69% UK stocks rose strongly on Tuesday as a return of risk-on trading helped
Read moreLondon open: ARM Holdings, miners lead markets higher
22nd Jul 2014 09:02
- ARM beats forecasts with Q2 results - Mining stocks rise - Royal Mail slumps after warning on full-year revenue - Investors watching geopolitical developments closely techMARK 2,804.98 +0.14% FTSE 100 6,773.20 +0.67% FTSE 250 15,564.85 +0.51% Strong gains from ARM Holdings and some mining heavyw
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreThursday tips round-up: London Stock Exchange, Rio Tinto
17th Jul 2014 07:39
The Tempus column in The Times says it is "waiting for a clearer picture to emerge" at London Stock Exchange. While Wednesday's first-quarter trading update showed that the exchange operator is operating well, with progress made across its three biggest divisions, "uncertainties remain", the paper s
Read moreFTSE 100 movers: Meggitt leads risers on bid target rumours
16th Jul 2014 14:55
Aircraft parts maker Meggitt was the standout performer on the FTSE 100, up nearly 10% at 537p amid reports that the company is a potential bid target. The engineer, which makes parts for the Boeing 787 Dreamliner, is said to have attracted the attention of US group United Technologies. According t
Read moreBroker tips: Rio Tinto, easyJet, N Brown
16th Jul 2014 12:19
Broker Liberum has repeated its 'sell' call on Rio Tinto despite admitting that the miner achieved a "solid" second quarter in terms of production. "Rio still looks vulnerable to us in the second half as the impact of sustained higher iron ore production hits the market, with consensus numbers refl
Read moreLiberum reiterates 'sell' on Rio Tinto despite "solid" Q2
16th Jul 2014 12:18
Broker Liberum has repeated its 'sell' call on Rio Tinto despite admitting that the miner achieved a "solid" second quarter in terms of production. Production in the iron ore division, which accounts for around half of group revenues, was up 10% over the year at 139m tonnes "but below our (admitted
Read moreLondon midday: Chinese and UK data give FTSE 100 a boost
16th Jul 2014 11:58
- Chinese GDP growth picks up to 7.5% - UK unemployment at lowest since 2008 - Meggitt jumps on M&A hopes - Rio Tinto leads miners higher techMARK 2,808.69 +1.03% FTSE 100 6,771.71 +0.91% FTSE 250 15,592.03 +0.98% Stocks in London jumped on Wednesday morning as a surprise pick-up in Chinese growth
Read moreLondon open: Chinese GDP gives stocks a boost, Meggitt jumps
16th Jul 2014 09:08
- Chinese growth picks up to 7.5% in Q2 - Meggitt jumps on M&A speculation - Analysts continue to digest Yellen comments - Rio Tinto rises after "very strong" first half techMARK 2,796.59 +0.59% FTSE 100 6,741.30 +0.46% FTSE 250 15,502.90 +0.40% Stronger-than-expected economic growth in China help
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