Tuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreBroker tips: Rio Tinto, Tullow Oil, Foxtons
23rd Oct 2014 12:04
Investec hailed Thursday's announcement by mining group Rio Tinto that it has decided to extend the tenure of its chief executive officer (CEO) Sam Walsh and also its chief financial officer, saying it provides certainty for shareholders. The broker added: "The announcement also provides some certai
Read moreLondon midday: UK stocks decline after Tesco, Tullow and Unilever disappoint
23rd Oct 2014 10:34
Poorly-received updates from heavyweights Tesco, Tullow Oil and Unilever and a profit warning from Foxtons were weighing on UK markets on Thursday, though trading was choppy after some better-than-expected data from the Eurozone. The FTSE 100 was down 0.6% at 6,359 by noon, pulling back after reachi
Read moreWesthouse highlights buying opportunity at Tullow despite mixed Kenyan update
23rd Oct 2014 09:22
Tullow Oil's share price dropped sharply on Thursday after the company reported a mixed exploration and appraisal update on Kenyan operations, though analysts at Westhouse Securities recommend investors to use this weakness as a buying opportunity. The broker maintained an 'add' rating and 930p targ
Read moreLondon open: Tesco leads UK stocks lower as first-half profits drop
23rd Oct 2014 07:45
UK stocks fell sharply on Thursday morning, led by poorly-received updates from blue chips Tesco, Tullow Oil and Unilever and a profit warning from Foxtons. London's FTSE 100 index was down 0.7% at 6,355 in early deals, with ex-dividend stocks also providing a drag. Markets were also giving a mixed
Read moreTullow abandons first well on Kerio Basin in Kenya
23rd Oct 2014 06:39
Hydrocarbons found at Tullow Oil's first well in Kenya's Kerio Basin "provide encouragement" even though it had to be plugged and abandoned, the exploration company said on Thursday. The Kodos-1 wildcat exploration well in Block 10BB, the first to be drilled in Kerio, north-east of the successful So
Read moreFTSE 100 movers: Travel stocks fly higher
21st Oct 2014 14:51
Travel stocks were once again in positive territory as the sector recovered from a recent poor performance amid mounting concerns about the Ebola crisis. A report from Reuters claiming the European Central Bank is considering the possibility of buying corporate bonds on the secondary market, potenti
Read moreLondon midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read moreFTSE 100 movers: Tesco rises on reports profit mis-guidance was limited
20th Oct 2014 15:21
Travel stocks were putting in a decent performance on Monday, following recent volatile trading amid the growing Ebola crisis. There was good news from several continents on the state of efforts to contain the outbreak, with 48 people coming off a risk list in Texas, Nigeria being declared free of t
Read moreLondon midday: Oil stocks boost markets as sentiment recovers, Rolls-Royce drops
17th Oct 2014 11:41
UK stocks staged a partial recovery on Friday following a turnaround in sentiment on Wall Street, with oil producers leading the upside after a bounce in oil prices from their recent lows. The FTSE 100 was up 0.8% at 6,245 by midday. On the face of it, a 0.8% gain on the FTSE 100 would otherwise be
Read moreLondon open: UK stocks attempt to rebound after recent falls
17th Oct 2014 08:25
UK stock markets recovered slightly on Friday morning as investors looked for bargains in the aftermath of recent volatility, which sent equities to a 16-month low the previous session London's FTSE 100 index was up 0.7% at 6,242 in early deals. Rolls-Royce and Travis Perkins were both trading in th
Read moreLondon midday: FTSE 100 drops another 1.8% as sell-off resumes
16th Oct 2014 11:39
In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013 The UK benchmark index was down 1.8% at 6,099 by lunchtime, having earlier touched a high of 6,282.95, with banking shares sinking sha
Read moreLondon close: US markets help FTSE end higher following initial slump
14th Oct 2014 17:03
Following an initial decline, London's blue chips had a decidedly better afternoon of trading, thanks in part to an upbeat performance amongst US equities. Coming off an intra-day low of around 6,306, the FTSE 100 ended Tuesday's session 26.44 points higher at 6,392.68. The morning's losses were du
Read moreFTSE 100 movers: Burberry declines after seeing a 'more difficult external environment'
14th Oct 2014 16:18
Burberry delivered double-digit underlying growth in the first half but shares in the high end fashion group slumped after the firm said that it has experienced a "more difficult external environment" with a softening in growth from Chinese consumers both home and when travelling. Financial services
Read moreLondon close: Shares near year-lows as economic woes weigh
10th Oct 2014 15:59
The London market moved closer to year-lows on Friday as crude and metal prices fell amid fears of a renewed global economic downturn. The FTSE 100 Index closed 91.88 points down at 6339.97, slightly above its 2014 low of 6,328, as traders reflected on a week of negative European economic data. The
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