Tuesday newspaper round-up: Italy, Tesco, Rio Tinto...
26th Feb 2013 06:49
The eurozone's debt crisis strategy was in chaos on Monday night after anti-austerity parties appeared on track to win a majority of seats in the Italian parliament, vastly complicating efforts to forge a government able to carry through EU-imposed reforms. In an earthquake result, the Five Star p
Read moreLondon open: Stocks pull back after Fed questions QE
21st Feb 2013 08:23
After hitting highs not seen since January 2008 yesterday, the FTSE 100 pulled back on Thursday morning as minutes from the latest Federal Reserve meeting showed that some policy-makers have begun to question current quantitative easing (QE) measures in the States. Stocks were boosted on Wednesday
Read moreFTSE 100 movers: RSA dives after firm unveils dividend cut
20th Feb 2013 15:13
Full-year results from RSA Insurance were largely in line with estimates, with extreme wet weather in the UK and earthquakes in Italy contributing to a 5.9 per cent fall in operating profit. However, shares tanked after the firm unveiled a 33 per cent cut in its annual dividend due to the likelihood
Read moreLondon open: Chinese data weighs on miners
18th Feb 2013 08:56
London equities have begun today's session with the slightest of falls following news that retail sales in China over the Lunar New Year festivities last week rose at their slowest pace in four years, as authorities cracked down on extravagant spending by the public sector. US capital markets will
Read moreSunday share tips: Rio Tinto, Greencoat, Carclo
17th Feb 2013 15:54
Rio Tinto posted its first ever full-year loss of 2.6bn pounds (1.7bn pounds) after writing down 14.4bn dollars of its assets following an M&A spree. The charges were mostly in its aluminium and energy businesses. However, stripping those out profits were better than expected, as was the 15 per cent
Read moreFriday broker round-up UPDATE
15th Feb 2013 07:58
Aberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies m
Read moreLondon close: Stocks slip as growth concerns dampen sentiment
14th Feb 2013 16:30
The FTSE 100 had picked up off its intraday low by the end of the session on Thursday, but a barrage of worse-than-expected economic growth figures from across the globe ensured that markets remained in negative territory. Buying picked up slightly in afternoon trade after initial US jobless claims
Read moreBlackRock World Mining Trust stands by heavy exposure to Rio Tinto
14th Feb 2013 13:35
The BlackRock World Mining Trust has published a portfolio update disclosing heavy exposure to the Anglo Australian mining group Rio Tinto. The Trust, which reported that over the last year the portfolio had registered a small drop in its undiluted net asset value (NAV) of -15.1%, stood by its hold
Read moreRio Tinto boss 'concerned' over Mongolia tensions
14th Feb 2013 13:23
Rio Tinto's new boss on Thursday said he was concerned over the Mongolian government's comments on the agreement that underpins its Oyu Tolgoi copper and gold mine. Sam Walsh, who was appointed Chief Executive last month, voiced his dilemma in relation to tensions between the company and the gove
Read moreLondon midday: Stocks sink as Eurozone contracts further in Q4
14th Feb 2013 12:05
After hitting a fresh five-year high the day before, London's benchmark FTSE 100 index slumped on Thursday morning as traders reacted to weaker-than-expected economic growth figures from Japan and across Europe. Overnight, it was announced that Japanese gross domestic product (GDP) contracted by 0.
Read moreBroker tips: Rio Tinto, G4S, Britvic
14th Feb 2013 10:44
Rio Tinto may have swung to its first-ever annual loss in 2012, but Nomura has kept its 'buy' rating and 3,700p target price for the stock, calling its full-year results 'solid' with adjusted profits coming in ahead of forecasts. The broker labelled Rio as an attractive and relatively low-risk expo
Read moreBroker snap: Rio Tinto remains attractive with low risk, says Nomura
14th Feb 2013 10:42
Rio Tinto may have swung to its first-ever annual loss in 2012, but Nomura has kept its 'buy' rating and 3,700p target price for the stock, calling its full-year results 'solid'. The company reported Thursday a net loss of $2.9bn for 2012, down from a profit of $5.8bn the year before, reflecting wr
Read moreLondon open: Markets flat as stocks digest GDP figures
14th Feb 2013 08:37
Markets opened broadly flat on Thursday morning, pausing after hitting a fresh five-year high the day before, as investors showed caution on a busy day for economic data. Overnight, it was announced that Japanese gross domestic product (GDP) contracted by 0.1% in the fourth quarter, down 0.4% on an
Read moreLondon pre-open: FTSE to edge lower after yesterday's highs
14th Feb 2013 07:36
City sources predict the FTSE 100 will open down four points from yesterday's close of 6,359, after it hit five-year highs on Wednesday - despite a number of stocks providing a drag after going ex-dividend. Further gains may be limited by news that Japan's economy contracted 0.1%, compared to expe
Read moreRio Tinto posts first ever annual loss - UPDATE
14th Feb 2013 07:17
Mining heavyweight Rio Tinto swung into its first ever full-year loss in 2012, dragged down by impairments against its aluminium and Mozambique coal assets. The world's second largest iron ore producer posted a $2.9bn net loss, a 151% drop from the $5.8bn net profits reported the year before. Lo
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