London close: Barclays limits gains after PPI confession
18th Oct 2012 16:44
- Barclays to take another unexpected hit from PPI claims - Chinese data boosts miners - Markets cautious before EU summit After swinging between gains and losses for most of the session, UK stocks finished flat on Thursday despite some robust growth figures from China, as some worse-than-expected
Read moreLondon open: Stocks flat ahead of EU summit
18th Oct 2012 08:34
- Markets await EU summit - Chinese data points to stabilisation - EVRAZ and the miners gain early on London's FTSE 100 index opened broadly flat on Thursday morning as investors showed caution ahead of the EU summit in Brussels. Markus Huber from ETX Capital said this morning: "EU leaders are kic
Read moreFTSE 100 movers: Miners soaring ahead of Chinese Q3 growth data
17th Oct 2012 15:40
Miners were firmly higher on the FTSE, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to increase demand for commodities. Metals futures were higher for gold, silver, platinum and copper. Chinese Premier Wen Jiabao was quoted as saying th
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 100 movers: Financials, miners jump on increased risk appetite
16th Oct 2012 15:03
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US. Lloyds, Admiral, Royal Bank of Scotland and Barclays were leading financials hig
Read moreLondon midday: Stocks extends gains after German ZEW survey
16th Oct 2012 11:48
- German ZEW index beats forecasts - Markets await results from US blue-chips - Signs of progress in Eurozone lift sentiment UK stocks had held on to gains by Tuesday lunchtime as investors digested some decent economic figures and improving newsflow from the Eurozone. "Financial markets extended
Read moreLondon open: Stocks rise despite contradictory reports on Spain
16th Oct 2012 08:37
- Portugal, Greece and Spain in the spotlight - Markets await economic data from UK and Eurozone - Rio Tinto and Anglo American gain London's FTSE 100 index registered a strong start on Tuesday morning as investors celebrated signs of progress in the Eurozone. Markets finished with just slight ga
Read moreLondon pre-open: Firmer start expected
16th Oct 2012 07:29
UK stocks are set to rise strongly when markets open on Tuesday with city sources predicting that the FTSE 100 will open up around 33 points from yesterday's close of 5,806. Markets finished with just slight gains on Monday despite some better-than-expected US retail sales data and decent third-qu
Read moreRio Tinto sees output increase across the board
16th Oct 2012 07:04
Diversified mining group Rio Tinto has hailed a strong set of production results in the third quarter, with iron ore, copper, bauxite, alumina, and titanium dioxide output up year-on-year. "As we said at our Investor Seminar last week, markets remain volatile, but our business is resilient and our
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
Read moreLondon midday: Hargreaves leads risers in morning trade
15th Oct 2012 11:30
- Chinese export data beats forecasts - Eyes on Greece and Spain - Hargreaves Lansdown extends gains. Better-than-expected Chinese export data and hopes for the Eurozone were lifting stocks on Monday morning, with the Footsie up 0.5 per cent by lunchtime. Chinese exports increased at an annual rat
Read moreMonday broker round-up
15th Oct 2012 09:33
Anglo American: Goldman Sachs downgrades to sell. Antofagasta: Goldman Sachs downgrades to neutral, target cut from 1,150p to 1,100p. Asian Plantations: Panmure Gordon cuts target from 400p to 380p, buy rating kept. AVEVA: Panmure Gordon keeps hold rating and 1,878p target. Bellzone Mining: Gold
Read moreLondon open: Chinese export data lifts stocks
15th Oct 2012 08:41
- Stocks gain as Chinese exports beat forecasts - EU summit in focus - Goldman downgrades several UK-listed miners UK stocks edged higher in early trading on Monday on the back of some robust export data from China, though gains were only modest as uncertainty in the Eurozone continues to be a drag
Read moreBroker tips: BHP, Antofagasta, Range Resources
12th Oct 2012 13:34
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
Read moreBroker snap: Credit Suisse cuts EPS forecasts for Metals&Mining
12th Oct 2012 13:18
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
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