FTSE 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
Read moreLondon 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
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