Broker snap: Credit Suisse sees greater scope for dividends at Rio Tinto
3rd Feb 2014 08:58
Rio Tinto´s drive to significantly lower its levels of capital expenditure will yield strong positive free cash flows (FCF). That means there is 'up-side' to consensus expectations for an eight per cent dividend increase (Credit Suisse: 15%) and holds out the prospect of a steadily growing and 'depe
Read moreThursday tips round-up: Sainsbury, Miners
30th Jan 2014 07:21
Incoming Sainsbury Chief Executive Officer (CEO) Mike Coupe, who takes over from Justin King, faces a daunting task at the supermarket. Not as much is being asked of him as was of Tesco boss Philip Clarke, who took over from Terry Leahy, but the challenge set out before him daunting enough. The UK
Read moreFTSE 100 movers: Miners rise on strong updates
29th Jan 2014 15:10
Chilean miner Antofagasta raced to the top of the leaderboard today after it reported a record year of copper production for 2013, supported by a strong output performance in the fourth quarter and despite predictions 2014 production is set to drop. The stock was helped even higher after analysts at
Read moreLondon midday: Gains erased ahead of Fed as emerging-market concerns remain
29th Jan 2014 11:58
- Turkey hikes rates, lira strengthens but gains pared - Antofagasta, Anglo American, Randgold impress with updates - Sainsbury falls after King departure - Barclays considering branch closures, job cuts techMARK 2,784.36 +0.10% FTSE 100 6,578.86 +0.10% FTSE 250 15,808.49 +0.59% UK markets had com
Read moreLondon open: Turkish rate hike boosts markets, miners jump
29th Jan 2014 08:22
- Turkey hikes interest rates to halt lira slide - Antofagasta, Anglo American, Randgold rise after updates - Markets await FOMC decision techMARK 2,799.62 +0.65% FTSE 100 6,632.49 +0.92% FTSE 250 15,895.51 +1.14% UK markets opened strongly on Wednesday after the Turkish central bank's decision to
Read morePotential 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
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