Vedanta Deputy Executive Chairman trades in 50,000 shares
20th Sep 2013 08:22
Navin Agarwal, the Deputy Executive Chairman, of mining group Vedanta, on Thursday disposed of 50,000 shares, reducing his stake to 167.53m. The director sold the stock at 1,174p a time, earning himself £587,000. This week the company welcomed Tom Albanese, the former Chief Executive of Rio Tint
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
Read moreFTSE 250 movers: Investors toast strong finish from JD Wetherspoon
24th Jul 2013 14:30
JD Wetherspoon impressed the market on Wednesday with shares surging after the pubs group said that trading in the fourth quarter was better than expected. The company said that it is now on track to achieve a 'slightly better outcome (before any exceptional items) for the current financial year [en
Read moreRenishaw announces 12 per cent drop in fourth quarter revenues
24th Jul 2013 11:02
Renishaw, the FTSE 250-listed manufacturer of measurement, motion control, spectroscopy equipment and precision machining reported lower than expected profits for the fourth quarter of its fiscal year 2013. For the full fiscal year 2013 the company announced a 5% rise in net revenues to £346.9m, w
Read moreBroker snap: Goldman Sachs lowers targets for capital goods firms
10th Jul 2013 09:02
In light of lowered Chinese GDP forecasts from their economists and data suggesting prolonged weakness in manufacturing activity analysts at Goldman Sachs have reviewed estimates for those industrials stocks most exposed to China. As well, they point out that heightened risks remain for short term
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreLondon open: Markets up ahead of US jobs report, but RBS falls
3rd May 2013 08:38
London's FTSE 100 index opened broadly flat on Friday morning as a sharp fall from Royal Bank of Scotland (RBS) offset a strong performance in the mining sector. Investors were still digesting what has been a busy week for financial markets with monetary policy decisions from the Federal Reserve (F
Read moreRenishaw's profits fall on flat revenues and higher costs
3rd May 2013 07:36
Renishaw's pre-tax profits in the third quarter declined following a drop in revenues in the Far East, the UK engineering group's largest geographical market. Pre-tax profit for the quarter ended May 2nd tumbled 23% year-on-year to £16.5m, as the company's costs increased to support marketing, pro
Read moreLondon close: ENRC and miners give markets a boost
19th Apr 2013 16:33
London's stock markets ended the week on a positive note, finishing with decent gains following a five-day losing streak, with mining stocks doing their best to recover after the recent sell-off. ENRC was a standout performer in the sector, surging by over a quarter by the close on the back of repo
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