London close: FTSE 100 flat near eight-month high, but miners surge
16th Jan 2014 17:07
- Markets pause for breath after recent highs - Mining stocks surge as Citi turns bullish - Aberdeen drops as AuM fall - Retailers AB Foods, Halfords, Dixons, Home Retail in focus techMARK 2,843.65 +0.10% FTSE 100 6,815.42 -0.07% FTSE 250 16,209.65 -0.51% UK markets finished largely flat on Thursd
Read moreSector movers: Miners boosted as Citi turns bullish
16th Jan 2014 16:30
Mining stocks were the standout performers of the day on Thursday after upbeat comments from Citigroup about the sector. Analysts at Citigroup lifted its 12-month stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank lab
Read moreFTSE 100 movers: Miners lifted by Citigroup comments
16th Jan 2014 14:21
Mining stocks were performing well after Citigroup lifted its stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "key picks" as it said that sentiment wil
Read moreLondon midday: Mining strength buoys FTSE after mixed retail updates
16th Jan 2014 11:30
- Retail updates come in mixed - Citi turns bullish on mining sector - Markets flat after recent highs techMARK 2,836.75 -0.14% FTSE 100 6,823.76 +0.06% FTSE 250 16,237.17 -0.34% UK markets paused for breath on Thursday morning after hitting their highest level in eight months the previous session
Read moreBroker tips: Miners, United Utilities, AB Foods
16th Jan 2014 11:30
Mining stocks were performing well in London on Thursday morning after Citigroup lifted its 12-month stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "k
Read moreBroker snap: Citi turns 'bullish' on miners for first time in three years
16th Jan 2014 09:57
Mining stocks were performing well in London on Thursday morning after Citigroup lifted its 12-month stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreRio Tinto unveils record iron ore production, overhaul on track
16th Jan 2014 08:01
Global miner Rio Tinto unveiled record iron ore and coal production and said its cost-cutting and disposal programme was on track. Rio, which has been undergoing an overhaul under new Chief Executive Sam Walsh, said it had achieved its highest quarterly and annual iron ore production and shipments
Read moreLondon close: FTSE 100 breaks 6,800 to finish at eight-month high
15th Jan 2014 16:36
- Burberry jumps after Q3 growth beats forecasts - Anglo American gains after UBS upgrade - World Bank revises up growth forecasts - FTSE 100 at eight-month high; DAX hits new record techMARK 2,840.71 +0.79% FTSE 100 6,819.86 +0.78% FTSE 250 16,292.94 +0.35% Stocks finished strongly on Wednesday,
Read moreBroker snap: UBS upgrades Anglo American, risk/reward 'more compelling'
15th Jan 2014 09:18
The investment case for Anglo American is improving after the stock's recent weakness, according to UBS on Wednesday, which upgraded the diversified mining firm from 'neutral' to 'buy'. "Anglo has underperformed the other diversified miners by 18% over the last three months, and, in our opinion, t
Read moreLondon open: Burberry lifts FTSE 100 to eight-month high
15th Jan 2014 08:44
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - World Bank raises 2014 growth forecasts techMARK 2,830.00 +0.41% FTSE 100 6,792.24 +0.38% FTSE 250 16,280.74 +0.28% Strong gains from Burberry and Anglo American helped markets higher on Wednesday morning, sending Lond
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreRio Tinto maintains interest in Turquoise Hill after rights offering
14th Jan 2014 07:21
A rights offering by Turquoise Hill Resources has seen Rio Tinto buy nearly 511m shares in the Canadian miner in an attempt to maintain its shareholding. Rio bought the shares at a price of C$2.53 per share, totalling around C$1.29bn (£724m), buying up 50.8% of those offered under the rights offeri
Read moreLondon close: Markets hold on to gains despite poor US jobs data
10th Jan 2014 16:42
- US jobs report misses forecasts by a mile - Fed now in focus on stimulus speculation - Tullow gains on Statoil rumours - Mining stocks track metals higher - Barclays boosts forecasts for UK and US GDP techMARK 2,801.83 +0.98% FTSE 100 6,739.94 +0.73% FTSE 250 16,191.73 +1.52% UK markets remained
Read moreTuesday tips round-up: Miners, Centamin, IMI
7th Jan 2014 07:07
Mining company executives´ assurances aside, the worst may not be over yet for miners. Hence the need to look at all the available data meticulously, something which may not always be as easy as one might think. A case in point in this regard may be copper-miner Kazhakmys. Yes, the share price was d
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