Broker tips: Rio Tinto, Aggreko, Capita, Rightmove
9th Jun 2014 12:59
Credit Suisse has maintained its 'outperform' rating for diversified mining group Rio Tinto, saying it prefers the UK-listed stock over Brazilian rival Vale. Credit Suisse believes that the market is "correctly anticipating" a return to positive free cash flow and shareholder returns at Rio Tinto,
Read moreCredit Suisse prefers Rio Tinto over Brazilian rival Vale
9th Jun 2014 09:13
Credit Suisse has maintained its 'outperform' rating for diversified mining group Rio Tinto, saying it prefers the UK-listed stock over Brazilian rival Vale. "After plotting the iron ore heavyweights against each other on various factors, we note that the mere fact that Rio Tinto is exiting its cap
Read moreLondon open: Stocks near 14-year high after upbeat Asian data
9th Jun 2014 08:33
- China trade surplus doubles as exports rise - Japanese consumer confidence improves, GDP revised higher - Rio gains on Credit Suisse comments - Lloyds fall after pricing TSB IPO techMARK 2,852.63 +0.04% FTSE 100 6,872.71 +0.21% FTSE 250 16,239.01 +0.04% Yet another record close on Wall Street fe
Read morePwC says confidence returning to mining sector but dividends under threat
5th Jun 2014 11:49
- Dividends increased despite record write-downs - More cost-cutting required to maintain dividends - Rise of emerging markets trend to continue Dividend payouts rose from major mining companies last year despite record levels of impairments, according to a new report from PricewaterhouseCoopers,
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
Read moreLondon close: Chinese data ensures positive finish, despite ISM miss
2nd Jun 2014 16:59
- FTSE closes up 19.59 points at 6,864.10 - Chinese manufacturing sector improves - US ISM manufacturing gauge misses forecasts - German CPI surprise on the downside techMARK 2,822.41 +0.36% FTSE 100 6,864.10 +0.29% FTSE 250 16,084.40 +0.46% Lifted by positive manufacturing data from China, the FT
Read moreFTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
2nd Jun 2014 15:05
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreLondon open: Chinese data gives UK mining stocks a boost
2nd Jun 2014 08:58
- Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appeti
Read moreLondon pre-open: FTSE to open higher after Chinese PMI
2nd Jun 2014 07:40
The FTSE 100 looks set for a positive start to the week following another increase in Chinese manufacturing purchasing managers' index (PMI) and as investors look ahead to the European Central Bank (ECB) policy decision later this week. The top tier index is predicted to open around 20 points high
Read moreRio Tinto completes $1bn Clermont sale to Glencore
2nd Jun 2014 07:10
Mining giant Rio Tinto has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the company said in a statement on Monday.
Read moreLondon close: Miners drag FTSE to negative finish
30th May 2014 16:59
- FTSE closes down 26.78 points at 6,844.51 - Fenner, miners provide drag - UK consumer confidence out of the red techMARK 2,812.27 +0.10% FTSE 100 6,844.51 -0.39% FTSE 250 16,010.25 +0.35% Miners dragged the FTSE to a negative finish in today's session, following what one analyst described as a
Read moreFTSE 100 movers: Miners slide on iron ore and China concerns
30th May 2014 15:41
Mining stocks were trading firmly in the red as iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record. Meanwhile, concerns about a slowdown in China were also having an impact on stocks, as well as a profit warning from FTSE 250-listed Fenner,
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