London close: Markets edge higher despite falls from Tullow, miners
9th Dec 2013 16:56
- Markets edge higher after positive start on Wall Street - Tullow Oil, mining stocks limit gains in London - Chinese exports slow; Japan GDP revised lower techMARK 2,679.67 +0.34% FTSE 100 6,559.48 +0.11% FTSE 250 15,391.79 +0.49% Markets finished with small gains on Friday after a decent start o
Read moreFTSE 100 movers: Tullow, mining stocks provide a drag
9th Dec 2013 14:57
Oil group Tullow was among the worst performers on Monday after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia as it failed to encounter oil. Mining stocks were also under heavy selling pressure despite data showing a strong acceleration in export growth last month
Read moreLondon midday: Mining stocks drag FTSE 100 lower
9th Dec 2013 11:33
- Miners lower as investors digest China trade data - Japanese growth estimates lowered for Q3 - Tullow disappoints after abandoning well techMARK 2,677.57 +0.26% FTSE 100 6,539.02 -0.20% FTSE 250 15,341.86 +0.16% Weakness in the heavyweight mining sector kept London's FTSE 100 index in the red on
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreFTSE 100 movers: Sage Group biggest riser after annual results
4th Dec 2013 14:16
Sage Group topped the FTSE 100 on Wednesday despite reporting a drop in annual operating profits. "The fall in profit was due to a charge of £188.2m relating to non-core disposals, therefore without this exceptional charge, the firm actually recorded a pretax profit of £360.5m," Spreadex trader Lee
Read moreWednesday tips round-up: Rio Tinto, Northgate
4th Dec 2013 07:40
More difficult times lie ahead for the iron ore industry. Plans announced by Rio Tinto on Tuesday to cut back its iron ore production are a testament to this. The firm will now seek to cut its outlays on capital expenditures to 8bn dollars by 2016, from 15.5bn dollars this year. The aim is to return
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
Read moreLondon midday: Miners, financials drag markets lower despite strong UK data
3rd Dec 2013 11:21
- Risk appetite fades as markets await jobs data - Mining, financial sectors sold off - UK construction PMI defies expectations, jumps to six-year high techMARK 2,645.44 -0.31% FTSE 100 6,539.87 -0.84% FTSE 250 15,211.51 -0.80% UK markets were firmly in negative territory on Tuesday morning despit
Read moreBroker tips: Old Mutual, Banks, Miners
3rd Dec 2013 11:21
JPMorgan Cazenove has trimmed its target price for savings and investment group Old Mutual from 228p to 223p. after adjusting for currency movements. However, the bank maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life busin
Read moreBroker snap: UBS slashes mining target prices after gold, silver downgrades
3rd Dec 2013 10:10
UBS has slashed target prices across the mining sector after downgrading its gold and silver price forecasts for 2014 and 2015. The bank said it now sees few positive catalysts for precious metal prices over the medium term, with the Federal Reserve expected to start tapering quantitative easing in
Read moreRio Tinto to drastically reduce spend over next two years
3rd Dec 2013 09:33
- Capex to be reduced 20 per cent YOY - Headcount reduced by 3,800 since June 2012 - Production to reach more than 350m tonnes in 2017 Mining behemoth Rio Tinto on Tuesday held an investor conference in Australia, at which it revealed the 'tough decision' to cut its capital expenditure (capex) over
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreLondon open: Mining stocks drag UK markets lower early on
3rd Dec 2013 08:27
- Miners fall after steep drop in metal prices yesterday - Risk appetite scaled back ahead of US jobs report - HSBC downgraded by Nomura to 'neutral' techMARK 2,657.15 +0.13% FTSE 100 6,580.97 -0.22% FTSE 250 15,306.73 -0.18% Continued weakness in the mining sector dampened the FTSE 100 in London
Read moreBroker snap: 2015 could be 'fillip year' for miners, says Citigroup
2nd Dec 2013 16:23
Citigroup on Monday maintained its 'neutral' rating on the metals and mining sector, but recommended investors to position themselves for a 'fillip year' for the industry in 2015. The bank kept its cautious stance on the sector on a six-month view after it underperformed the wider FTSE 100 for the
Read moreSunday share tips: Rio Tinto, Sage, house builders
1st Dec 2013 16:21
Buy Rio Tinto and Anglo American, the Sunday Times's Simon Duke recommended in the Inside the City column. Both companies are scheduled to make presentations to investors in December. Their current bosses have departed from the big-spending ways of miners in the past and now focus on shareholder val
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