Wednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreFTSE 100 movers: BP is strongest riser after Transocean accepts fine
4th Jan 2013 15:08
BP, which rose early on following news the company which loaned it the Deepwater Horizon rig back in 2010 had agreed a 1.4bn dollar settlement for the part it played in the gulf of Mexico oil spill that followed the fatal explosion of the rig. Speaking of Transocean's settlement, BP said: 'In settli
Read moreFTSE 100 movers: Miners lead the way higher
2nd Jan 2013 15:12
With investors feeling like taking a few more risks following the events in the US, miners were taking up nine of the top 10 spots on FTSE 100. Burberry was also making decent gains, which may be linked to comments by the luxury retailer's Chief Executive, Angela Ahrendts, who said the company is
Read moreLondon midday: Markets welcome fiscal cliff deal with two per cent surge
2nd Jan 2013 11:40
- US leaders pass budget deal to avert fiscal cliff - Mining and banking stocks celebrate with decent performance - UK manufacturing ends 2012 on a high Mining stocks were registering impressive gains on Wednesday in the aftermath of the US fiscal cliff agreement, which could have plunged the world
Read moreLondon open: Fiscal cliff deal ignites risk appetite
2nd Jan 2013 08:21
The FTSE 100 surged on Wednesday morning as investors celebrated the news that the fiscal cliff deal Stateside, with mining and banking stocks benefitting from the increase in risk appetite. "It may have come at the last minute, but US lawmakers finally managed to find some common ground by voting
Read moreLondon close: Footsie ends 2012 on a dull note, fiscal-cliff weighs
31st Dec 2012 12:50
After a slight rebound late morning, the Footsie dropped to near its intraday low by the close of trade in a shortened trading session as US budget uncertainty dented risk appetite. Markets across Europe finished with mild losses today as they closed early for New Year's Eve. Fiscal cliff concern
Read moreLondon midday: Risk appetite scaled back ahead of fiscal cliff deadline
31st Dec 2012 11:19
UK stocks were trading firmly in the red by Monday lunchtime with less than 24 hours to go before the US fiscal cliff deadline, when 600bn dollars in automatic spending cuts and tax increases come into effect. Markets were even shrugging off some upbeat economic data from Asian powerhouse China ove
Read moreLondon open: Stocks open strongly on fiscal cliff hopes
28th Dec 2012 08:33
The FTSE 100 opened firmly in positive territory on Friday morning ahead of critical talks between US leaders this weekend. Stocks tracked Asian markets higher overnight with Japan's Nikkei finishing its final session of 2012 up around 0.7% (Japanese markets are closed on Monday). This means that t
Read moreLondon close: FTSE 100 finishes strongly on 'fiscal cliff' optimism
18th Dec 2012 16:55
- US budget negotiations lift hopes - G4S up on renewed confidence - FTSE 250 at all-time high UK markets finished with strong gains on Tuesday afternoon as 'fiscal cliff' hopes spurred investors' appetites for riskier assets, such as mining stocks. The second-tier FTSE 250 index was trading at a
Read moreFTSE 100 movers: Rio and Vedanta track Chinese demand higher
18th Dec 2012 16:08
Miners such as Rio Tinto and Vedanta were strong performers throughout most of the day. Most market commentary attributed the gains to the generally risk-on atmosphere in markets. As well, many pointed to the fact that at their annual central economic work conference - last weekend - Chinese officia
Read moreSector movers: Miners track metals prices higher on 'fiscal cliff' hopes
18th Dec 2012 15:35
Mining stocks were performing well on Tuesday afternoon, tracking commodities prices higher on hopes that US leaders can work to avert the impending 'fiscal cliff'. A weaker dollar helped gold prices rise to around $1,700 an ounce earlier in the day after President Barack Obama last night presented
Read moreLondon midday: G4S leads markets higher
18th Dec 2012 11:27
- Stocks advance on 'fiscal cliff' hopes - Miners track metal prices higher - G4S up on renewed confidence A decent performance by G4S and the mining sector ensured that the FTSE 100 remained firmly in positive territory on Tuesday morning, with hopes over the US budget talks driving risk appetite.
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 100 movers: Aggreko plummets on cautious outlook
17th Dec 2012 15:23
Temporary power and temperature control solutions group Aggreko plummeted on Monday after giving a gloomy outlook for next year, saying that its performance would likely be lower than the 2012. Investec downgraded its rating for the stock from 'buy' to 'hold' this morning, after the company said t
Read moreLondon close: Footsie slips into the red by the close
14th Dec 2012 16:28
After a decent start after some upbeat Chinese data, the Footsie was pressured into the red by the close of trade on Friday following a weak open on Wall Street. Nevertheless, losses in London were only modest, with the blue-chip index remaining close to the nine-month high reached earlier this week
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