FTSE 100 movers: Miners gain on comments from UBS
14th Dec 2012 16:01
Mining stocks were among the best performers on Monday afternoon after UBS said that 2013 could provide meaningful upside to some commodity prices. "In our opinion, the macro backdrop for commodities is improving, with the new Chinese/ US governments promising pro-growth policy," the broker said.
Read moreLondon open: Stocks fall as focus turns back to 'fiscal cliff'
13th Dec 2012 08:31
Stock markets in the UK opened broadly flat on Thursday morning in spite of the Federal Reserve's stimulus announcement last night, as the focus turns back to the impending 'fiscal cliff'. While mining stocks more or less gained early on, FTSE 250 gold miner Centamin grabbed the headlines plunging
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreSector movers: Polymetal, BHP and Rio lead miners higher
11th Dec 2012 15:34
Mining stocks were making gains on Tuesday with blue-chip players Polymetal, BHP Billiton and Rio Tinto providing a lift to the sector. Precious metals producer Polymetal rose after entering into a definitive agreement with AIM-listed Ovoca Gold to acquire the Russian legal entity Olymp, which hold
Read moreRio Tinto to sell stake in Palabora Mining Company
11th Dec 2012 13:24
Rio Tinto has agreed to sell its 57.7 per cent stake in Palabora Mining Company for 373m dollars. The purchaser is a consortium comprising South African and Chinese entities led by the Industrial Development Corporation of South Africa Limited and Hebei Iron & Steel Group, who are committed to the
Read moreBroker snap: Nomura names BHP Billiton as top pick of the miners
11th Dec 2012 10:09
Nomura has labelled BHP Billiton as its preferred name in the global metals and mining industry, reiterating its 'buy' recommendation and 2,350p target price for the shares. In Nomura's sector review, analyst Sam Catalano said: "With the broader market showing little conviction on where the global
Read moreTuesday broker round-up UPDATE
11th Dec 2012 07:18
Andor Technology: WH Ireland raises target price from 480p to 500p, while maintaining a buy rating. Anglo American: Nomura cuts target price from 2000p to 1800p keeping a neutral rating. Antofagasta: Nomura reduces target price from 1450p to 1400p and downgrades from buy to neutral. Ashtead Group
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreLondon close: Markets unfazed by Osborne's budget
5th Dec 2012 17:10
- Miners gain on Chinese optimism - OBR cuts GDP forecasts - US ISM data lifts markets in afternoon trade The Footsie finished the day with decent gains on Wednesday as investors mostly shrugged off Chancellor George Osborne's budget statement, with the upbeat mood helped by economic data from the
Read moreFTSE 100 movers: Miners lead the way
5th Dec 2012 15:16
Mining stocks were performing well today on increasing optimism about China; Vedanta, Kazakhmys, Anglo American and Rio Tinto were all making decent gains. Precious metals giant Polymetal also advanced after saying it was giving $191m dollars back to shareholders by way of a special dividend. Su
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
Read moreLondon open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
Read moreLondon midday: Tullow drops as Footsie edges higher
4th Dec 2012 11:38
UK stocks were making small gains by Tuesday lunchtime on the back of developments in the Eurozone, though the mood was cautious as budget uncertainty in the US continues to weigh on sentiment. The Ecofin is meeting today to agree to proposals on bank supervision and take stock of negotiations with
Read moreBroker tips: BP, Rio Tinto, TUI Travel
4th Dec 2012 10:59
Jefferies has retained its 'hold' rating and 450p target price for oil titan BP despite the stock trading at a large discount to the sector, saying that the business is 'yearning to be free' from the Macondo well disaster. "Post-Macondo it is evident that BP is evolving into a simpler and more oil
Read moreBroker snap: Credit Suisse upgrades forecasts for Rio Tinto
4th Dec 2012 09:50
Credit Suisse has reiterated its 'outperform' rating for mining giant Rio Tinto, saying that the group's cost determination is impressive. The broker has upgraded its earnings forecasts for this year and the next by 5% and 13%, respectively, on the back of cost savings, higher copper volumes and mi
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