Friday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreLondon open: Stocks lower, traders take profits after recent gains
2nd Jul 2013 08:53
The FTSE 100 opened firmly lower on Tuesday morning as investors paused for breath following a decent performance over the last week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly after hitting a five-month low of 6,029 last Monday on the back of concerns over a
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreTuesday tips round-up: Rio Tinto, ENRC, SEGRO
25th Jun 2013 06:07
Rio Tinto's Chief Executive Officer, Sam Walsh, has abandoned plans to sell the group's diamond business after failing to attract a buyer willing to offer the two-billion-dollar price tag. Walsh is now faced with finding an alternative route to improve returns to shareholders to cut the miner's debt
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon midday: FTSE 100 nearly erases year-to-date gains
24th Jun 2013 11:38
After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o
Read moreLondon open: Stocks edge higher after recent sell-off
24th Jun 2013 08:27
The FTSE 100 opened in positive territory on Monday morning, albeit only slightly, as markets made a tentative start to the new week following the dramatic sell-off seen over recent sessions. London's benchmark index closed Friday's session at just 6,116 following a number of steep declines since t
Read moreLondon pre-open: Markets expected to extend losses as new week begins
24th Jun 2013 07:28
The UK stock market is expected to track Asian markets lower on Monday as sentiment remains fragile following the dramatic sell-off last week which saw the FTSE 100 slip to five-month lows. City sources predict the London benchmark index will open down 19 points from yesterday's close of 6,116. Sin
Read moreRio Tinto to keep hold of diamonds business
24th Jun 2013 07:15
Diversified mining giant Rio Tinto has decided to keep hold of its diamonds business saying that market fundamentals remain robust, with growing demand for luxury goods in Asia and continued strong demand in the US. The company, which operates a fully integrated diamonds business from exploration t
Read moreMonday newspaper round-up: Vodafone, Rio Tinto, Nationwide
24th Jun 2013 06:14
Vodafone has agreed to acquire Germany's largest cable operator Kabel Deutschland for more than 8.5bn pounds, The Times reported. The deal, pitched at 7.7bn euros, marks one of the biggest in the telecoms industry since the height of the technology boom. Rio Tinto has ditched plans to sell or fl
Read moreLondon midday: Stocks rebound but sentiment fragile after heavy sell-off
21st Jun 2013 11:31
The FTSE 100 rebounded from five-month lows on Friday morning after comments from the Federal Reserve prompted a dramatic global market sell-off the day before. London's benchmark index tumbled an eye-watering 189 points on Thursday, falling 2.98% to 6,160 as markets reacted to comments from Fed Ch
Read moreLondon open: Markets bounce off five-month lows
21st Jun 2013 08:31
Markets opened in positive territory on Friday as the FTSE 100 attempted to rebound after a dramatic three per cent cent drop the day before following the Federal Reserve's announcement to scale back stimulus later this year. London's benchmark index tumbled an eye-watering 189 points on Thursday,
Read moreLondon close: FTSE 100 drops three per cent after Fed signals end to QE
20th Jun 2013 16:58
Equity, bond and commodity markets were a sea of red on Thursday as traders fled from risk in the aftermath of the Federal Reserve's confirmation of its stimulus 'exit strategy'. The FTSE 100 finished down an eye-watering 189 points, falling 2.98% to 6,160. The last time the index was at this level
Read moreSector movers: Financials and miners hit hard in market sell-off
20th Jun 2013 15:18
Every single sector in London was either flat or in the red on Thursday after comments from the Federal Reserve and worse-than-expected data from China prompted a worldwide market sell-off . The Fed last night signalled that it would begin to taper its stimulus programme this year and bring it to a
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