Interview - Ronnie Chopra gives his view on some fund managers´ favourite picks
8th Oct 2013 14:29
Most market participants are wary of taking any positions until the outcome of the budget negotiations Stateside is clearer. Hence, it is probably best take a more medium- to longer-term view of events when making investment decisions in the equity space, less one lose his nerve. The good news is th
Read moreLondon midday: Retailers, miners drag FTSE 100 into the red
8th Oct 2013 11:20
Markets were sharply lower on Tuesday with retailers and miners providing a drag as investors digested a barrage of gloomy economic data and the ongoing government shutdown in the States. The FTSE 100 dipped below the 6,400 mark in morning trade, a level seen as support for London's benchmark index
Read moreLondon close: Stocks finish flat as markets digest US shutdown, data
1st Oct 2013 16:25
Stocks in the UK finished broadly flat on Tuesday as investors gave a subdued reaction to the news of the first partial US government shutdown in 17 years. Indices across Europe and the States however edged higher today, with London's FTSE 100 bucking the trend given some sharp falls in the heavywe
Read moreFTSE 100 movers: easyJet climbs on Citigroup comments
1st Oct 2013 15:10
Budget airline easyJet was a high riser today after analysts at Citigroup said they expect full-year profits to be "near the upper-end of previous guidance". The company said in July that pre-tax profit would be between £450m to £480m; Citi's forecast is £474m. Shares in betting group William Hil
Read moreLondon close: Stocks at one-month low on looming US shutdown
30th Sep 2013 16:36
Stocks were firmly lower on Monday as risk appetite was reduced in the face of a looming partial shutdown of the US government after a weekend of no progress in Washington. Political instability in Italy also dampened the mood today as well as disappointing economic data from China, with falls in t
Read moreFTSE 100 movers: Miners weigh heavily after Chinese data disappoints
30th Sep 2013 14:19
Mining stocks declining sharply today on the back of the disappointing data from the world's top metals user, China. Fresnillo, Anglo American, Antofagasta, Glencore Xstrata and Rio Tinto were all falling sharply. China´s manufacturing sector purchasing managers´ index (PMI) for the month of Septe
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreLondon open: US and Italian politics weigh on risk appetite
30th Sep 2013 08:44
Political uncertainty in the US and Italy along with disappointing economic figures from China weighed heavily on risk appetite on Monday morning with mining stocks bearing the brunt of the selling. The FTSE 100 opened around 0.8% lower at 6,458.29 in early trading; the last time it closed lower wa
Read moreLondon close: Stocks sink to three-week low on policy uncertainty
27th Sep 2013 16:32
A cautious start turned into a market-wide sell-off by the close of trade on Friday as nervous investors booked profits ahead of the weekend. The UK's benchmark FTSE 100 index finished 52.93 points lower at 6,512.66, its worst closing level in three weeks. The last time it closed lower was on Septe
Read moreSector movers: Miners bear brunt of market sell-off
27th Sep 2013 15:20
Mining stocks were bearing the brunt of the market-wide sell-off on Friday as traders adopted a cautious approach ahead of the weekend. Commodity prices were higher across the board today but that wasn't enough to increase investors' appetite for risk as the resource-heavy FTSE 100 dropped 1% in af
Read moreFTSE 100 movers: IMI jumps on appointment of new CEO
27th Sep 2013 14:49
Engineering group IMI rose into the top spot after hiring former Weir boss Mark Selway as its new Chief Executive. He will take the reins from company veteran Martin Lamb who will step down at the end of this year after nearly 13 years at the helm. Utility peers SSE and Centrica were also high ris
Read moreBroker tips: Rio Tinto, Premier Farnell, Gold miners
27th Sep 2013 12:28
Nomura has reiterated its 'buy' rating and 3,700p target price for diversified mining group Rio Tinto, saying that the company may be able to find the happy balance between growth and returns. The broker said that Rio remains one of the cheapest stocks within its peer group, trading at just nine ti
Read moreLondon midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreBroker snap: Rio Tinto remains cheap, Nomura sees buyback in 2015
27th Sep 2013 10:45
Nomura has reiterated its 'buy' rating and 3,700p target price for diversified mining group Rio Tinto, saying that the company may be able to find the happy balance between growth and returns. The broker said that Rio remains one of the cheapest stocks within its peer group, trading at just nine ti
Read moreLondon open: Stocks fall as caution sets in ahead of data
27th Sep 2013 08:47
Markets opened lower on Friday morning following a choppy week as traders choose to head into the weekend with caution ahead of a barrage of economic data from the Eurozone and US later on. Eurozone economic confidence is expected to record a reading of 96 in September from 95.2 last month, accordi
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