London 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
Read moreLondon close: Markets flat after choppy session, services PMIs weakens
6th Jan 2014 16:37
- Miners limit gains after weak economic data - Services PMIs from China, UK, Eurozone and US weaken - RSA rises, UBS says takeover and break-up still possible - Retailers in focus ahead of updates techMARK 2,792.25 +0.13% FTSE 100 6,730.73 0.00% FTSE 250 16,049.30 +0.18% UK markets ended flat on
Read moreSector movers: RSA lifts insurers, China data dampens miners
6th Jan 2014 15:11
The non-life insurance sector was the best performing category on Monday after strong gains from RSA Insurance, while mining stocks led the downside after some disappointing Chinese economic data. RSA was up nearly 7% at 98.2p in afternoon trade after positive comments from UBS which raised its tar
Read moreFTSE 100 movers: RSA jumps on 'buy' rating
6th Jan 2014 14:52
RSA Insurance was a high riser today after UBS raised its target price for the stock from 100p to 113p and maintained a 'buy' rating. The bank added the stock to its 'Alpha Preferences Most Preferred List', saying: "While there are significant uncertainties, we think that the balance of risks is to
Read moreFTSE 100 movers: Next charges higher after strong trading report
3rd Jan 2014 15:15
Shares in Next rose to the top of the leaderboard today after the home and clothing retailer raised its full-year profit forecast after achieving a rise in fourth-quarter sales ahead of the UK retailer's expectations. The group also declared a 50p special dividend. Giving the group a further lift,
Read moreLondon midday: Retailers buoy markets, UK data comes in strong
3rd Jan 2014 11:31
- UK construction, mortgage data beats expectations - China services PMI eased in December - Next surges after bullish Q4 update, guidance techMARK 2,779.70 +0.26% FTSE 100 6,722.39 +0.07% FTSE 250 15,972.09 +0.33% Markets got off to a slow start on Friday morning but had pushed into positive terr
Read moreFTSE 100 movers: Randgold and retailers make gains
2nd Jan 2014 15:16
Randgold Resources made strong gains this afternoon, helped by a jump in the price of gold of more than two per cent. Rob Cohen, the Lead Portfolio Manager with Dynamic Funds, was also quoted as saying the company was a "good position to do acquisitions" and has a "really good balance sheet". Ha
Read moreLondon midday: Mixed manufacturing figures dampen UK markets
2nd Jan 2014 11:40
- Markets pull back after strong end to 2013 - China, UK manufacturing PMIs disappoint - Resources stocks provide a drag on the FTSE 100 - Retailers in focus after mixed corporate updates techMARK 2,780.21 -0.04% FTSE 100 6,720.85 -0.42% FTSE 250 15,925.41 -0.06% Mixed global manufacturing figures
Read moreLondon open: Markets edge higher in shortened session
31st Dec 2013 08:59
- Volumes expected to be low on half-day session - US data due out later on - Vedanta leads mining stocks lower techMARK 2,790.20 +0.30% FTSE 100 6,750.42 +0.28% FTSE 250 15,934.64 +0.21% UK markets headed higher on Tuesday morning as investors took advantage of low volumes on a shortened trading
Read moreLondon close: Santa rally ends as retailers drag FTSE lower
30th Dec 2013 16:30
- FTSE closes down 20 points as Santa rally ends - House prices register 4.4 per cent rise - Retailers sink of competition and discount concerns techMARK 2,781.91 -0.18% FTSE 100 6,731.27 -0.29% FTSE 250 15,900.74 +0.14% The FTSE 100 ended its final full session of the year down 20 points, as supe
Read moreSector movers: Supermarkets and other retails weigh heavily
30th Dec 2013 16:05
Supermarkets have dragged the FTSE down today, with Sainsbury and Morrison weighing particularly heavily, on the back of competition fears. According to Alex Conroy at Spreadex, the declines are due to "growing fear that German competitor's such as Aldi and Lidl and their discount prices are cutti
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