London close: Mining stocks help lift FTSE to positive finish
13th Oct 2014 17:00
Coming off the morning's declines, London-listed stocks ended Monday's session on a relatively upbeat note, thanks to a strong performance by the mining sector on what was a generally quiet day for markets. The FTSE 100 finished near its best levels of the session, closing 26.27 points higher at 6,3
Read moreFTSE 100 movers: Miners lead on the upside as travel stocks continue lower
13th Oct 2014 15:53
Mining stocks gained strongly thanks to broker upgrades and positive economic data out from China which showed that both exports and imports jumped in September, by 15.3% and 7% year-on-year respectively. Over the last few months the sector has registered sharp declines due to mounting concerns abou
Read moreBroker tips: Randgold, AB Foods, Smith & Nephew, Mining stocks
13th Oct 2014 12:57
Randgold Resources' share price was given a lift on Monday by analysts at UBS who upgraded the stock from 'neutral' to 'buy' after a recent slump in the value of the gold miner. The bank said that it still prefers precious metals peer Fresnillo over Randgold, but reckons that the risk/reward balance
Read moreLondon midday: Stocks erase losses on mining strength, Synergy soars
13th Oct 2014 11:35
After a weak start, UK stocks had erased losses by Monday lunchtime, helped by decent gains in the heavyweight mining sector and a takeover offer for Synergy Health. London's FTSE 100 was trading 0.3% higher at 6,358 by around midday, bouncing off a low of 6,302 reached in early deals. UK equities
Read moreInvestec downgrades Smith & Nephew after study results disappoint
13th Oct 2014 09:36
Investec has cut its rating for medical technology group Smith & Nephew from 'add' to 'hold' after the company's disappointing results from a ulcer therapy study on Monday. The company said that the phase-3 study for HP802-247 in North America didn't meet its primary end-point, showing no statistica
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreLondon pre-open: Steep losses expected on FTSE ahead of quiet session
13th Oct 2014 07:43
London's blue chips are set to start the week on the back foot, tracking a poor performance in Asia overnight as investors grow increasingly concerned about global growth. Ahead of what is expected to be quiet day for UK markets, City sources predict the FTSE 100 will open around 65 points lower tha
Read moreSmith & Nephew delivers disappointing results from ulcer therapy study
13th Oct 2014 07:18
Medical technology business Smith & Nephew has revealed negative results for the phase-three study on its living cell spray-on therapy, which failed to meet its primary goal. The treatment is designed to work with the body's own cells to stimulate healing of venous leg ulcers, but failed to result i
Read moreFTSE 100 movers: Miners slide as Astra gains on bid speculation
21st Aug 2014 18:01
Mining stocks led the downside after metals consumer China disappointed with its manufacturing data and metal prices fell. Fresnillo, Randgold Resources, Anglo American, Rio Tinto and BHP Billiton all fell into the red. BHP was still under pressure in the aftermath of Tuesday's underwhelming plans
Read moreLondon close: Astrazeneca leads FTSE higher on bid speculation
21st Aug 2014 17:42
- Healthcare stocks lift FTSE - German PMI data drives sentiment - Investors look ahead to Draghi speech - UK retail sales disappoint techMARK 2,819.77 +0.82% FTSE 100 6,777.66 +0.33% FTSE 250 15,838.57 +0.57% London's blue chips ended Thursday's session on a positive note, led by Astrazeneca. Inc
Read moreFTSE 100 movers: BHP Billiton jumps, but precious metal miners fall
15th Aug 2014 13:44
BHP Billiton shares jumped on Friday after the world's biggest mining company by revenues said that it is considering a demerger of certain assets in an effort to make the business "simpler and more productive". The company, reiterated its focus on its "four pillars" - iron ore, copper, coal and p
Read moreBroker tips: Smith & Nephew, Centamin, Balfour Beatty, UK motor insurers
15th Aug 2014 12:14
Shares in Smith & Nephew were under pressure on Friday after analysts at Morgan Stanley downgraded the medical devices maker from 'overweight' to 'equal weight' following a recent strong run in the stock. The bank said that even if US peer Stryker returns with a bid in November, the deal "remains
Read moreLondon midday: BHP leads markets higher after UK GDP upgrade
15th Aug 2014 12:00
- Annual UK GDP growth revised higher - Ukraine crisis in focus as Russian convoy nears border - BHP leads miners higher on demerger comments techMARK 2,763.55 +0.51% FTSE 100 6,726.15 +0.61% FTSE 250 15,757.92 +0.53% London stocks advanced on Friday after an upgrade to UK second-quarter growth es
Read moreUpside limited at Smith & Nephew, says Morgan Stanley
15th Aug 2014 10:51
Shares in Smith & Nephew were under pressure on Friday after analysts at Morgan Stanley downgraded the medical devices maker from 'overweight' to 'equal weight' following a recent strong run in the stock. The share price has risen by over 20% since the start of 2014, which Morgan Stanley says was p
Read moreLondon open: Stocks inch higher but gains limited by geopolitics
4th Aug 2014 09:14
- Geopolitics in Gaza, Ukraine still firmly in focus - UK construction PMI due out - Investors give mixed reaction to earnings techMARK 2,748.45 -0.11% FTSE 100 6,696.45 +0.26% FTSE 250 15,371.65 -0.20% UK stocks snapped a three-day losing streak on Monday morning as investors went bargain-huntin
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