Potential for cost deflation puts miners on the radar at Nomura
28th Jan 2014 13:11
Three years of underperformance changed the typical thinking of management at metal and mining outfits and the consensus may not yet have woken up to the implications of that for valuations in the sector, Nomura said in a research note issued on Tuesday. In 'boom times' "Growth at all costs" was t
Read moreLondon midday: Stocks slip on rate speculation as UK unemployment declines
22nd Jan 2014 11:30
- Markets pull back sharply after UK data - Fall in unemployment sparks rate speculation - Sage rises after confident update - RBS hit by UBS downgrade to 'sell' techMARK 2,852.20 +0.20% FTSE 100 6,825.74 -0.12% FTSE 250 16,130.75 -0.08% UK markets had erased gains by Wednesday lunchtime as concer
Read moreLondon open: Stocks gain ahead of UK data
22nd Jan 2014 08:48
- Markets at highest level since May 2013 - UK jobless data, MPC minutes in focus - Miners provide a lift but BHP subdued techMARK 2,859.42 +0.46% FTSE 100 6,856.45 +0.32% FTSE 250 16,203.07 +0.36% UK markets opened with moderate gains on Wednesday morning as the FTSE 100 continues to trade at its
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreLondon close: FTSE 100 treads water at eight-month high
21st Jan 2014 16:38
- FTSE 100 fails to break 2013 intraday high - Credit squeeze eases in China - IMF lifts global growth forecasts techMARK 2,846.40 -0.25% FTSE 100 6,834.26 -0.04% FTSE 250 16,144.20 -0.51% After a choppy session, UK markets finished broadly flat on Tuesday as the FTSE 100 teetered at levels not re
Read moreFTSE 100 movers: Intertek jumps on readacross from SGS
21st Jan 2014 15:09
Intertek, a provider of testing and safety solutions, jumped as a result of readacross from its sector peer, Swiss firm SGS, which posted upbeat full-year results. Consumer products group Unilever was also high riser today after reporting underlying sales growth of 4.3% for 2013, helped by strong
Read moreLondon midday: Markets edge higher but rangebound
21st Jan 2014 11:22
- Unilever rises after annual results - Miners fall as Goldman adjusts metal price forecasts - Credit squeeze eases in China - German ZEW survey weakens techMARK 2,854.01 +0.01% FTSE 100 6,844.27 +0.11% FTSE 250 16,191.74 -0.22% It was another subdued morning in London with the FTSE 100 trading wi
Read moreLondon open: FTSE 100 closing in on record high after positive start
21st Jan 2014 08:37
- FTSE 100 surpasses last year's closing high - Chinese central bank eases cash squeeze - Unilever impresses with 2013 results - Miners fall as Goldman adjusts metal price forecasts techMARK 2,861.62 +0.28% FTSE 100 6,846.21 +0.14% FTSE 250 16,240.35 +0.08% UK markets were closing in on their all-
Read moreLondon open: Banking stocks limit upside as markets open flat
20th Jan 2014 08:18
- Banks fall after Deutsche Bank Q4 loss - US markets closed for MLK Jr day - Chinese data points to slowdown techMARK 2,857.04 +0.21% FTSE 100 6,828.28 -0.01% FTSE 250 16,219.04 +0.20% UK equities opened more or less flat on Monday on what is set to be a quiet day with Wall Street closed later on
Read moreLondon close: Car insurers lead markets higher after choppy session
17th Jan 2014 16:31
- UK retail sales smash forecasts for December - US economic data and earnings come in mixed - Car insurers gain as decline in premiums eases - Shell issues massive profit warning techMARK 2,851.01 +0.26% FTSE 100 6,829.30 +0.20% FTSE 250 16,187.09 -0.14% UK markets ended a choppy session with sma
Read moreFTSE 100 movers: Admiral rises on insurance industry data
17th Jan 2014 15:07
Car insurer Admiral led today's risers after data showed that the decline in average premiums across the sector eased considerably at the end of 2013. Retailers Sainsbury and M&S climbed after UK retail sales volumes grew at a whopping 2.6% month-on-month pace in December, up from a revised 0.1% in
Read moreBroker tips: Aberdeen, Rio Tinto, Next
17th Jan 2014 12:08
Numis Securities has maintained its 'hold' rating for Aberdeen Asset Management after Thursday's first-quarter statement, saying that the shares are "mostly up with events". Trading at 14 times earnings, the broker said that the stock "is not as cheap as it was in the past" despite the company's ea
Read moreFriday tips round-up: Aberdeen Asset Management, Rio Tinto
17th Jan 2014 10:09
Emerging markets-focused fund manager Aberdeen Asset Management's trading update out on Thursday confirmed investors' reticence to keep pushing money into that asset class - for the time being - in the face of the looming start to tapering by the US Fed. However, the company did not see accelerated
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreBroker snap: UBS names Rio Tinto as top pick among miners
17th Jan 2014 09:17
UBS has kept a 'buy' rating for mining giant Rio Tinto, saying that the stock remains its top pick in the sector on the back of its volume growth, cost cutting and cash-flow. The bank has made small upwards revisions to estimates after Rio's fourth-quarter operations statement on Thursday and has l
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