London midday: Tobacco, housing stocks limit gains on FTSE
28th Nov 2013 11:42
- Thanksgiving keeps trading volumes low - Tobacco, housing stocks drop on government policy - German unemployment climbs for fourth straight month techMARK 2,668.59 +0.37% FTSE 100 6,658.85 +0.14% FTSE 250 15,434.40 +0.18% UK investors were treading water on Thursday morning as risk appetite rema
Read moreBroker snap: Investec hails expansion plans at Rio Tinto
28th Nov 2013 09:43
Investec has maintained its 'buy' rating for mining group Rio Tinto after the company announced on Thursday that it plans to ramp up production at its iron ore business in Western Australia. The FTSE 100 group expects mine production capacity will increase by more than 60m tonnes per annum (mtpa) b
Read moreLondon open: Markets rangebound ahead of quiet day
28th Nov 2013 08:26
- Volumes expected to be low with US markets closed - Rio Tinto plans to ramp up production - Kingfisher, Wolseley disappoint with results techMARK 2,664.08 +0.20% FTSE 100 6,655.03 +0.08% FTSE 250 15,456.43 +0.32% The FTSE 100 opened broadly flat on Thursday on what is set to be a quiet day for f
Read moreLondon pre-open: Flat start for FTSE as US closes for Thanksgiving
28th Nov 2013 07:33
City sources predict the FTSE 100 will open flat after it yesterday closed at 6,649.47, with US markets closed today for the Thanksgiving holiday and no data scheduled for release in the UK. Wednesday's session saw markets finish in positive territory as investors reacted to a flurry of economic d
Read moreRio Tinto plans to ramp up production at Western Australia iron ore business
28th Nov 2013 07:17
Rio Tinto said it will increase its mine production capacity at lower capital cost per tonne at its iron ore business in Western Australia. The FTSE 100 group expects mine production capacity will increase by more than 60m tonnes per year between 2014 and 2017 from a run base rate of 290m tonnes p
Read moreBroker 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
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