London midday: Markets extend losses after Boston tragedy, German ZEW survey
16th Apr 2013 11:33
The FTSE 100 looked set to register its third straight decline by Tuesday lunchtime, extending heavy losses made the day before as mining stocks were hammered by slowing growth in China. While miners were doing their best to rebound this morning, markets on the whole were on the cautious side as i
Read moreLondon open: FTSE 100 on track for third consecutive fall
16th Apr 2013 08:23
Mining stocks were making moderate gains on Tuesday morning, attempting to recover after the heavy sell-off the day before, but the FTSE 100 still opened in the red, on track for its third straight day of losses. Markets were on the cautious side this morning as investors awoke to the news of fatal
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreLondon pre-open: FTSE set for early decline
16th Apr 2013 07:31
City sources predict the FTSE 100 will open down 23 points from yesterday's close of 6,344, tracking US stocks lower, which last night plunged following the release of weaker than expected economic data in China and the US. Falling commodity prices did little to encourage investors as gold plummet
Read moreRio Tinto achieves record iron ore output in first quarter
16th Apr 2013 07:03
Rio Tinto has reported record first quarter iron ore production, driven by an improvement in capacity of the Pilbara mine in Western Australia. The mining giant achieved 61.2m tonnes (mt) of iron ore output and shipped 57.3 (mt), up 4.0% and 7.0% year-on-year respectively. However, production w
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreSector movers: Miners fall sharply as Chinese growth disappoints
15th Apr 2013 16:05
Mining stocks were tracking commodity prices sharply lower on Monday afternoon as a disappointing reading of Chinese economic growth dampened the demand for 'riskier' assets. As such, defensive sectors were at the top of the pile: stocks that are expected to hold up relatively well during tough eco
Read moreLondon midday: Chinese slowdown sinks miners and commodity prices
15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreLondon open: Miners hammered after Chinese slowdown
15th Apr 2013 08:29
Mining stocks were registering sharp falls on Monday morning as a surprise slowdown in Chinese economic growth weighed on the outlook for commodities demand. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, while the consensus forecast had be
Read moreLondon midday: FTSE 100 snaps four-day winning streak
12th Apr 2013 11:55
The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
Read moreLondon open: Stocks fall ahead of Eurozone meeting
12th Apr 2013 08:40
Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
Read moreLondon pre-open: FTSE set to retreat ahead of bailout meeting
12th Apr 2013 07:29
City sources predict the FTSE 100 will open down 26 points from yesterday's close of 6,416, as investors await the outcome of a meeting between Eurozone finance leaders - regarding the Cypriot bailout - set to take place in Dublin today. Ministers are expected to try and reach and agreement in ord
Read moreRio Tinto suspends operations at Bingham Canyon Mine
12th Apr 2013 07:02
Miner Rio Tinto has suspended operations at its Bingham Canyon Mine after a slide occurred on the north eastern wall of the mine. The slide occurred along a geotechnical fault line of the wall following an acceleration of movement in recent weeks. "Pre-emptive measures were taken to relocate faci
Read moreLondon midday: Stocks boosted by stimulus hopes, Chinese imports
10th Apr 2013 11:37
Optimism regarding central-bank stimulus was driving gains on stock markets on Wednesday morning following recent comments from Japan and ahead of an announcement from the Federal Reserve later today. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a stro
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