FTSE 100 movers: Tullow Oil rises on rating upgrade
3rd Apr 2014 14:59
Tullow Oil shares were making decent gains after UBS upgraded the stock from 'neutral' to 'buy'. The bank said that the investment case for the shares has changed and the risk/reward balance is 'now skewed to the upside'. B&Q and Screwfix owner Kingfisher was higher after revealing that it is in ex
Read moreAntofagasta unharmed by 8.2 magnitude quake in Chile
2nd Apr 2014 08:51
Antofagasta Minerals said its copper operations were unharmed by a strong earthquake in Chile on Tuesday. A 8.2 magnitude earthquake struck off the coast of northern Chile, causing five deaths and triggering a tsunami of two-metre waves. The quake was shallow at 20.1 km below the seabed and struc
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFTSE 100 movers: Babcock gains on nuclear contract
31st Mar 2014 14:00
Babcock International Group was the top riser on Monday after confirming the UK government has chosen the engineering company to manage the decommissioning of 12 nuclear sites. Rio Tinto and Anglo American gained after Credit Suisse named the companies as its top picks in the metals and mining sec
Read moreBroker tips: Miners, RSA, DMGT, Polymetal
31st Mar 2014 12:46
Credit Suisse has named Rio Tinto and Anglo American as its top picks in the metals and mining sector. Rio Tinto, rated 'outperform', remains the bank's preferred "FCF/value play" and its potential for shareholder returns is "larger and could be sooner than any of its peer group". Meanwhile, Anglo
Read moreLondon midday: Gains erased after Eurozone inflation data
31st Mar 2014 11:37
- Eurozone CPI surprises to the downside - Stocks erase gains but at three-week high - Babcock gains on nuclear contract - Anglo, Rio lead miners higher after Credit Suisse comments techMARK 2,764.82 +0.09% FTSE 100 6,621.96 +0.10% FTSE 250 16,225.36 +0.27% UK stocks had erased gains by Monday lun
Read moreCredit Suisse names Rio and Anglo as top mining picks
31st Mar 2014 10:47
Credit Suisse has named Rio Tinto and Anglo American as its top picks in the metals and mining sector. Following two quarters of upgrades, the bank said that earnings momentum across the sector has slowed sharply with most commodity prices now trading below consensus estimates for 2014. "While min
Read moreLondon open: Stocks at three-week high ahead of data-heavy week
31st Mar 2014 08:29
- Busy week for economic data - German retail sales rise, Eurozone CPI ahead - Insurance stocks rebound after heavy falls techMARK 2,778.57 +0.59% FTSE 100 6,657.68 +0.64% FTSE 250 16,276.97 +0.59% UK stocks were trading at a three-week high on Monday morning as investors began the week in a bulli
Read moreLondon open: Miners rise on Chinese stimulus hopes, insurers drop
28th Mar 2014 08:34
- Miners rise on Chinese stimulus hopes - Li Keqiang hints at possible easing - Insurers fall on FCA investigation techMARK 2,779.04 +0.58% FTSE 100 6,621.74 +0.51% FTSE 250 16,239.90 +0.23% UK stocks were making decent gains on Friday morning after a positive session in Asia overnight as comments
Read moreBroker tips: Miners, Babcock, Compass...
27th Mar 2014 12:58
Jefferies has lowered its earnings forecasts and target prices across the UK-listed mining sector and cut its rating for Glencore Xstrata, recommending investors to stick with top picks Rio Tinto and BHP Billiton. "Chinese demand growth for commodities is unlikely to accelerate without aggressive s
Read moreJefferies cuts targets for miners, downgrades Glencore Xstrata
27th Mar 2014 10:54
Jefferies has lowered its earnings forecasts and target prices across the UK-listed mining sector and cut its rating for Glencore Xstrata, recommending investors to stick with top picks Rio Tinto and BHP Billiton. "Chinese demand growth for commodities is unlikely to accelerate without aggressive s
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreSector movers: Miners gain on Chinese stimulus hopes, Anglo rises
25th Mar 2014 13:58
Mining stocks were the best performers on Tuesday as risk appetite returned to the market on the back of stimulus hopes in China, the world's largest consumer of metals. Investors are hoping that any measures to boost growth by Chinese policymakers will help to support commodity prices, which have
Read moreLondon close: Positive finish to week as miners charge higher
21st Mar 2014 16:59
- FTSE closes up 15 points at 6,557 - Feb UK public sector borrowing slightly ahead of forecasts - Eurozone consumer confidence higher than expected techMARK 2,790.85 -0.34% FTSE 100 6,557.17 +0.23% FTSE 250 16,160.11 -0.35% The City ended the week on a positive note, with mining stocks providing
Read more