London close: Markets spring leak as oil prices tumble
4th Nov 2014 16:13
The falling price of crude oil and precious metals left markets struggling to get a grip on Tuesday. The price of a barrel of US light crude fell nearly 3% to about $76.5 a barrel and Brent crude dipped below the $83 mark, dragging the FTSE 100 Index down 34 points at 6453.97. World gold prices are
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreMore after-sales orders boost Weir Group
4th Nov 2014 07:56
New order growth accelerated to 14% at oil services supplier Weir Group in an extended third quarter period as a strong trend in after-sales oil and gas orders counter-balanced a worse performance in power and industrial. With order input at its minerals division largely flat as falling commodity pr
Read moreThursday tips round-up: Weir Group, Imperial Innovations
16th Oct 2014 21:20
Having failed in its bid to purchase Finnish group Metso Weir Group purchased Trio, a far smaller outfit, marking its first bolt-on acquisition since the start of last year. Trio specialises in comminution, the process by which large rocks are crushed so as to allow miners to get more easily to the
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreWeir expands mining offer through Trio deal
15th Oct 2014 08:13
Engineering firm Weir said it was expanding its product offering in the minerals market with the $220m acquisition of Trio, a crushing and separation equipment business. The companies have entered into an agreement for Weir Minerals to buy the Chinese-American firm, funded from existing bank facilit
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 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 open: UK stocks fall for fifth day, but miners advance
13th Oct 2014 08:32
There was no let-up in the selling pressure on Monday as the UK stock market resumed its sell-off despite a strong performance by the mining sector. After falling 2.7% last week, the FTSE 100 was down a further 0.4% at 6,314 in early trading, falling for the fifth session in a row. If the index ends
Read moreFTSE 100 movers: Tullow Oil and travel stocks lead downside
10th Oct 2014 15:45
Oil and gas group Tullow Oil was firmly in the red after the company said that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons. Travel and leisure peers TUI Travel, Carnival and IAG were all registering losses as concerns about the Ebola crisi
Read moreFriday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
Read moreFTSE 100 movers: Oil giants sit at opposite ends of footsie
8th Oct 2014 15:39
Oil stocks Petrofac and Tullow were at polar ends of the FTSE on Wednesday. ITV climbed after Credit Suisse said the broadcaster might return cash to shareholders and rated the stock 'outperform' with a target price of 270p. Aerospace and automotive group GKN was in the red after Bank of America Me
Read moreLondon midday: Ebola fears, macro concerns hit UK stocks
8th Oct 2014 11:34
Fears about a possible Ebola outbreak in Europe and continued concerns about the global economy were weighing on UK stocks on Wednesday. The FTSE 100 was down 0.3% at 6,475 by around midday with cyclical stocks and airlines providing a drag. Risk appetite was also being held back by nervousness ahe
Read moreLondon open: Macro concerns hit stocks ahead of earnings, Fed minutes
8th Oct 2014 08:36
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Read moreLondon close: Ebola and economic woes hit stocks
7th Oct 2014 16:22
London shares were on their sickbed on Tuesday as investors fretted about the Ebola virus and disappointing economic data, although takeover activity buoyed miners. The FTSE 100 Index closed 68.07 points adrift at 6495.58 as a fresh case of Ebola in Spain hit shares in airlines and travel compani
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