Sector 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
Read moreFTSE 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
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