London close: FTSE closes modestly higher
12th Jun 2014 16:32
- FTSE closes up 4.24 higher at 6,843.11 - US data disappoints - Eurozone industrial production beats forecast techMARK 2,846.73 +0.21% FTSE 100 6,843.11 +0.06% FTSE 250 16,125.95 +0.24% London-listed stocks ended the day marginally higher, coming off this morning's lows, although the gains were l
Read moreFTSE 100 movers: ITV jumps on advertising speculation, broker comment
12th Jun 2014 14:53
ITV's share price was rising strongly following reports that it could benefit from a move by US media giant Omnicom to halt further spend on advertising with broadcasting peer Channel 5. Also pushing it higher was Goldman Sachs, which reiterated its 'buy' rating on the broadcaster and cut its targe
Read moreSector movers: Miners drop on growth concerns, but Lonmin jumps
12th Jun 2014 14:18
Mining stocks dropped sharply on Thursday as concerns about global growth eroded risk appetite amongst investors. The World Bank this week downgraded its outlook for the global economy, saying that developing countries are headed for a year of "disappointing growth", causing miners to decline on t
Read moreLondon midday: Stocks erase losses as media strength outweighs miners
12th Jun 2014 11:27
- Media stocks lead the rebound, ITV jumps - Mining stocks fall, Anglo downgraded - Eurozone industrial data beats forecasts - Iraq tensions keep risk appetite subdued techMARK 2,845.86 +0.18% FTSE 100 6,841.76 +0.04% FTSE 250 16,111.37 +0.15% A late-morning bounce pushed UK stocks into positive t
Read moreLondon open: Mining stocks pull FTSE 100 lower ahead of data
12th Jun 2014 08:25
- Profit taking continues as miners fall - Traders await global economic data - Broker downgrades hit blue chips techMARK 2,839.63 -0.04% FTSE 100 6,827.09 -0.17% FTSE 250 16,073.58 -0.09% UK stocks opened flat on Thursday morning as weakness in the mining sector held back any chances of a rebound
Read moreBroker 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
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