London open: Stocks open lower ahead of inflation report
13th Feb 2013 08:27
UK stocks opened moderately lower ahead of the Bank of England's (BoE's) inflation report due out at 10:30, as well as a number of important economic indicators elsewhere. "European stock markets are largely mixed Wednesday, staying in a tight range as traders tread carefully ahead of the G-20 meet
Read moreLondon close: Subdued finish to a quiet day
11th Feb 2013 16:34
The FTSE 100 was swinging between gains and losses for most of Monday's session with markets across Europe lacking direction on a quiet day. "Global markets are trading lower today which may be related to the significant strength within the markets within 2013," said market analyst Craig Erlam from
Read moreFTSE 100 movers: Miners broadly higher but Randgold takes a hit
11th Feb 2013 15:09
Miners were performing well today, with EVRAZ and ENRC among the highest risers on the blue-chip index. However, Rio Tinto was in the red despite the Australian Competition Tribunal ruling that its Hamersley and Robe rail network should not be opened up to other users. Supermarket giant Tesco wa
Read moreLondon midday: Stocks make gains on light volumes
11th Feb 2013 11:31
On a light day for economic data and trading volumes, the FTSE 100 was registering moderate gains by Monday lunchtime. Market strategist Ishaq Siddiqi from ETX Capital said that there was "a lack of direction from Asia overnight" with Japan's Nikkei and Hong Kong's Hang-Seng indices both closed for
Read moreLondon open: Markets lack direction early on
11th Feb 2013 08:37
The FTSE 100 opened flat on Monday morning with volumes thin as Asian markets close for the Lunar New Year holidays. Market strategist Ishaq Siddiqi from ETX Capital said that there was "a lack of direction from Asia overnight" with Japan's Nikkei and Hong Kong's Hang-Seng indices both closed. "At
Read moreAustralian tribunal blocks third parties from using Rio Tinto's rail network
11th Feb 2013 07:12
The Australian Competition Tribunal has ruled that FTSE 100 mining company Rio Tinto's Hamersley and Robe rail network should not be opened up to other users. The move, announced on Monday morning, retains Rio Tinto's exclusive and unlimited use of the the railway lines. Paul Shannon, Rio Tinto Ir
Read moreLondon midday: Stocks claw back losses after yesterday's sell-off
8th Feb 2013 11:38
Better-than-expected trade data from China gave stocks a boost on Friday morning, as sentiment picked up from the day before when concerns over Europe sparked a sell-off on equity markets. Both imports and exports in China jumped year-on-year in January, resulting in a higher-than-forecast trade su
Read moreBroker tips: Miners, Weir, Imperial Tobacco
8th Feb 2013 11:09
Ahead of earnings season in the mining sector, Credit Suisse has labelled its top and worst picks among resource stocks. "Our top picks are Rio Tinto and ENRC and from the mid cap group African Minerals and London Mining." While Lonmin is downgraded from 'outperform' to 'neutral', the broker's lea
Read moreBroker snap: Credit Suisse labels Rio Tinto and ENRC as top picks in mining sector
8th Feb 2013 10:49
Ahead of earnings season in the mining sector, Credit Suisse has labelled its top and worst picks among resource stocks. "The upcoming results season will see a changing of the guard across the large caps. Large write-downs, as companies draw a line under past mistakes, are now widely expected by t
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 100 movers: Anglo American a strong riser
29th Jan 2013 15:37
Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev
Read moreLondon close: Markets shrug off poor GDP to finish higher
25th Jan 2013 16:25
The FTSE 100 managed to finish the last session of the weak with small gains as traders shrugged off this morning's disappointing UK growth figures. "Weak UK GDP data for Q4 failed to temper enthusiasm for risk as the FTSE pushed on again, though end of week profit-taking has put a cap on gains thi
Read moreFTSE 100 movers: Miners take a hit
25th Jan 2013 15:21
Miners tracked metal prices lower, with ENRC, Randgold, Evraz, Kazakhmys, Rio Tinto and BHP Billiton all making to top 10 biggest fallers. Risk appetite was dampened by the news that the UK economy contracted by 0.3% during the fourth quarter of 2012, worse then the 0.1% GDP decline forecasted. M
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