Broker tips: Rio Tinto, Aviva, Compass, NMC Health
27th Nov 2013 11:33
Canaccord Genuity has cut its target price for mining group Rio Tinto but has kept a 'buy' rating, saying that the stock is still 'cheap'. "We believe Rio Tinto shares offer investors strong management and advantaged assets combining to drive a growing dividend. Its investment programme should give
Read moreBroker snap: Canaccord upbeat about shareholder returns at Rio Tinto
27th Nov 2013 11:10
Canaccord Genuity has cut its target price for mining group Rio Tinto but has kept a 'buy' rating, saying that the stock is still 'cheap'. The broker said that despite falling commodity prices, rising volumes should drive earnings before interest, tax, depreciation and amortisation (EBITDA) to $28b
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreLondon close: Mining stocks drag FTSE 100 lower
26th Nov 2013 16:29
- Mining stocks track metals prices lower - Economic data from the US comes in mixed - BTG jumps on US approval of Varithena techMARK 2,649.54 -0.07% FTSE 100 6,636.22 -0.87% FTSE 250 15,306.13 +0.04% Weakness in the mining sector kept markets firmly in the red on Tuesday as a lack of newsflow and
Read moreFTSE 100 movers: AstraZeneca rises on drug recommendation, TUI sinks
22nd Nov 2013 15:19
Shares in biopharmaceutical business AstraZeneca received a boost on Friday afternoon after the company, alongside sector peer Bristol-Myers Squibb, announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) had recommended approval of Xigduo, a t
Read moreLondon midday: FTSE falls into negative territory
22nd Nov 2013 11:31
- FTSE falls into the red - TUI drags after stakeholder sells-up - Ofgem rejects cost-saving plans from five out of six firms techMARK 2,641.30 +0.22% FTSE 100 6,668.24 -0.20% FTSE 250 15,160.46 +0.08% The FTSE had retreated into the red by lunchtime, dragged lower by the mining sector and TUI Tra
Read moreLondon open: Markets head lower ahead of German ZEW data
19th Nov 2013 08:30
- ZEW survey tipped to rise in November - FOMC minutes in focus - easyJet reports strong annual profit growth techMARK 2,640.79 -0.47% FTSE 100 6,684.07 -0.59% FTSE 250 15,241.76 -0.32% UK markets opened firmly lower on Tuesday morning as investors refrained from building positions ahead of a key
Read moreLondon close: Financials lead markets lower as RSA sinks
5th Nov 2013 16:22
- UK services growth accelerated in October - European Commission downgrades Eurozone growth - RSA leads financials lower after gloomy update techMARK 2,647.46 -0.14% FTSE 100 6,746.84 -0.25% FTSE 250 15,367.61 -0.65% UK markets finished slightly lower on Tuesday as upbeat domestic economic data w
Read moreFTSE 100 movers: M&S cheers despite falling profits
5th Nov 2013 15:07
Marks & Spencer saw underlying pre-tax profit fall 8.9 per cent to 261.6m pounds in the first half of the year, but since this was not as bad as many analysts were expecting, the stock registed strong gains. The retailer has been investing heavily in the business, incurring extra costs during the
Read moreBroker tips: RSA, M&S, Rio Tinto
5th Nov 2013 12:27
RSA Insurance's valuation is 'too great', according to Panmure Gordon which reiterated its 'sell' rating on the stock following the firm's gloomy trading update on Tuesday. The broker said: "We believe that the shares are currently overvalued given that they are trading at c2.6x net tangible asset
Read moreLondon midday: RSA, financials drag markets lower
5th Nov 2013 11:37
- RSA, G4S, banks lead losses - M&S, Imperial, miners provide some support to markets - UK services growth accelerated in October techMARK 2,636.31 -0.57% FTSE 100 6,723.10 -0.60% FTSE 250 15,367.18 -0.65% A gloomy update from insurance firm RSA and heavy falls across the wider financial sector we
Read moreBroker snap: Credit Suisse sees 'compelling' investment case at Rio Tinto
5th Nov 2013 10:22
Credit Suisse has reiterated its 'outperform' rating and 3,900p target price for mining giant Rio Tinto, saying that the stock remains a 'compelling investment case' despite recent strength. The Swiss bank said: "With valuation, gearing and the corporate strategy generally heading in the right dire
Read moreLondon open: Markets edge lower on mixed corporate updates
5th Nov 2013 08:23
- RSA, G4S lead losses after updates - Shire, M&S provide some support to markets - Economic data in focus techMARK 2,650.20 -0.04% FTSE 100 6,755.11 -0.13% FTSE 250 15,451.03 -0.11% UK markets opened slightly lower on Tuesday as investors digested a raft of mixed corporate updates from some heavy
Read moreLondon close: Markets higher on positive economic data
4th Nov 2013 16:28
- Miners gain after China data - HSBC beats forecasts with Q3 results - Weir, Ryanair issue profit warnings - ECB rate-cut speculation does the rounds techMARK 2,651.30 -0.24% FTSE 100 6,763.62 +0.43% FTSE 250 15,503.06 +0.31% Upbeat economic data from across the globe lifted the UK stock market o
Read moreSector movers: Miners rise as China data boosts risk appetite
4th Nov 2013 15:23
Mining stocks were on the rise on Monday as upbeat data from economic powerhouse China increased risk appetite in global capital markets. Activity in China's services sector expanded at its fastest pace in the last year in October, reinforcing confidence that the world's largest economy is on a sta
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