London midday: Stocks hit by Syria concerns, BG Group drops
9th Sep 2013 11:29
Markets shrugged off improving economic data from Asia on Monday morning with stocks falling into the red on concerns over a potential Western military intervention in Syria. Syria will be in firm focus this week ahead of a vote by US Congress over whether or not to proceed with a military attack a
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreLondon close: Stocks dented by concerns over Syria, Fed taper
3rd Sep 2013 16:22
Markets were choppy on Tuesday as reports of two ballistic missiles being fired in the Eastern Mediterranean and heightened fears about the scaling back of US stimulus dented investor sentiment. While the launch was later confirmed as a missile test by Israeli forces training with the US Navy, the
Read moreLondon midday: Markets rattled by Mediterranean missile reports
3rd Sep 2013 11:35
After a positive start, markets had pared gains by midday with sentiment hit by reports of two ballistic 'objects' heading towards the East Mediterranean. Market Analyst Craig Erlam from Alpari said that traders became "instantly risk averse on fears that the US had initiated a military strike with
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreLondon open: Markets edge higher early on
3rd Sep 2013 08:31
Markets opened with small gains on Tuesday morning with stocks pausing for breath after a strong rise the day before. Stocks surged on Monday as traders took advantage of low volumes - with Wall Street closed for Labour Day - to push the London index up 1.5%. Better-than-expected manufacturing da
Read moreTuesday tips round-up: Rio Tinto, WANdisco, Berkeley Holdings
3rd Sep 2013 07:20
Rio Tinto's interim figures out yesterday showed pre-tax profits halved, to 3.2bn dollars. Yet given the improvement in prospects for China, a rise in commodity prices, a reduction in capital expenditures and significant cost-cutting measures analysts expect the company's cash-flows to double over t
Read moreLondon close: Markets jump on data, Syria delays
2nd Sep 2013 17:02
UK investors took advantage of low volumes on Monday to push the FTSE 100 nearly 1.5 per cent higher, with impressive manufacturing data and delays to potential action on Syria prompting a bullish mood. "After posting four negative weeks in succession today's market moves on the UK benchmark index
Read moreFTSE 100 movers: Mining companies gain on rise in commodities
2nd Sep 2013 14:45
Mining company stocks, including Rio Tinto and Anglo American, surged as commodity prices rose and as reports showed manufacturing expanded in China, the Eurozone and the UK. Aberdeen Asset Management rallied after Numis Securities reiterated a 'buy' rating for the company's stock. WPP continued t
Read moreLondon midday: Stocks jump after strong manufacturing data
2nd Sep 2013 11:19
Strong manufacturing data from both the UK and China helped lift stock markets on Monday morning while concerns over a potential military strike against Syria eased. London's FTSE 100 was registering triple-digit gains by lunchtime, with the index trading a level not since August 15th. Manufactur
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreLondon open: Chinese PMI boosts miners, Vodafone jumps on Verizon talks
2nd Sep 2013 08:24
Delays to a potential military strike against Syria and some better-than-expected economic data from China gave stock markets a big boost in early trading on Monday. China's official manufacturing purchasing managers' index (PMI) rose to the 51.0 point mark in August, according to the National Bure
Read moreLondon pre-open: Strong start expected after Syria delays, China PMI
2nd Sep 2013 07:26
Markets are expected to open with strong gains on Monday morning due to easing concerns over tensions between Syria and the West, for now at least. Also helping sentiment this morning is China's official manufacturing purchasing managers' index (PMI) which rose to the 51.0 point mark in August, acc
Read moreRio Tinto achieves milestone in Australian expansion
2nd Sep 2013 07:20
Diversified mining group Rio Tinto has loaded the first shipment of iron ore from its expanded port, rail and mine operations in Australia. Rio said this was a "significant milestone" and marks the start of commissioning of the expansion programme, which is expected to see the company's iron ore op
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