FTSE 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
Read moreThursday broker round-up UPDATE
26th Sep 2013 08:22
African Barrick Gold: Deutsche Bank ups target price from 137p to 145p and maintains a hold recommendation. African Minerals: Macquarie reduces target price from 307p to 280p and reiterates an outperform rating. Deutsche Bank cuts target price from 450p to 423p, while its buy recommendation is kept
Read moreLondon open: Markets flat ahead of economic data
24th Sep 2013 08:30
Stocks opened flat on Tuesday morning as ongoing uncertainty over Federal Reserve monetary policy and concerns over the US debt ceiling continue to dominate market sentiment. Investors were also choosing a cautious approach ahead of business confidence data from Germany this morning, as well as Ame
Read moreMonday broker round-up UPDATE
23rd Sep 2013 09:06
African Barrick Gold: Citi takes target price from 93p to 119p, but still recommends selling. African Minerals: Citi increases target price from 320p to 330p and maintains a buy recommendation. Antofagasta: Citi shifts target price from 780p to 790p, while its sell recommendation remains unchanged
Read moreLondon open: Banks lead markets lower ahead of FOMC meeting
17th Sep 2013 08:14
Following a strong start to the week, investors turned cautious ahead of the conclusion of the Federal Open Market Committee (FOMC) meeting tomorrow afternoon as markets ready themselves for one of the most closely-watched US policy decisions in recent years, given rising expectations that the Fed w
Read moreLondon close: Markets trim losses to finish flat
13th Sep 2013 16:34
The FTSE 100 trimmed losses on Friday afternoon but markets still finished broadly flat as traders scaled back risk appetite ahead of the weekend with the focus now turning to the Federal Reserve meeting next week. London's benchmark index closed down just 5.18 points at 6,583.80, pulling back slig
Read moreLondon midday: Markets turn lower ahead of Fed, Syria developments
13th Sep 2013 11:58
The FTSE 100 was trading slightly lower on Friday morning, pulling back from yesterday's close of 6,586.08 - its highest closing level since August 13th - as investors await the Federal Reserve policy meeting next week and continue to digest developments in Syria. The heavyweight mining sector was p
Read moreLondon open: Miners pull FTSE 100 back from one-month high
13th Sep 2013 08:38
The FTSE 100 dipped lower on Friday morning with the heavyweight mining sector providing a drag as metals´ prices weakened across the board. London's benchmark index opened with slight losses early on, pulling back from yesterday's close of 6,586.08 - its highest closing level since August 13th - a
Read moreLondon open: Stocks rise on Syria developments, China data
10th Sep 2013 08:39
Stocks jumped strongly on Tuesday morning following a decent finish on Wall Street the night before on the back of easing concerns about a potential US strike on Syria. US benchmarks rose by an average 1% on Monday after Russian Foreign Minister Sergei Lavrov urged Syria to place any chemical weapo
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreLondon close: BG Group drags FTSE 100 lower, Syria concerns weigh
9th Sep 2013 17:44
The FTSE 100 dropped into the red on Monday, pulling back after hitting a three-week high the previous session, as heavy falls from natural gas giant BG Group and ongoing concerns about Syria pressured stocks lower. London's benchmark index finished 16.59 points lower at 6,530.74, falling 0.25% fro
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