London midday: Stocks extend gains ahead of Fed decision
1st May 2013 11:27
The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday. A slowdown in Chinese manufacturing growth didn't have too much of an effect on markets early on as trade
Read moreLondon open: Miners shrug off disappointing Chinese data
1st May 2013 08:21
A slowdown in Chinese manufacturing growth didn't have too much of an effect on stock markets on Wednesday morning as traders showed optimism in anticipation of a continuation of monetary stimulus from the US and a rate cut in Europe this week. Nevertheless, volumes are expected to be low today giv
Read moreWeir Q1 profits slide as project progress slows
1st May 2013 07:04
First quarter revenues and profits were down at engineering giant Weir with input falling 14 per cent against the prior year's comparator, but 14 per cent higher than the preceding quarter. Weir said it saw "good underlying sequential growth" in its minerals and oil & gas divisions and that, overa
Read moreLondon midday: Markets snap four-day losing streak
18th Apr 2013 11:17
Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak. However, the focus is likely to turn to the US later on as first-quarter earnings season continues to dictate sentiment. Wall Street benchmarks slumped last night after som
Read moreLondon open: Stocks edge higher early on
18th Apr 2013 08:59
UK stocks edged higher on Thursday morning, snapping a four-day losing streak, despite some weakness in the heavyweight mining sector. Things were pretty busy on the corporate news front today, with a host of companies on the FTSE 100 releasing trading updates and reports, giving investors plenty t
Read moreWeir expands ore-processing platform in mining markets
18th Apr 2013 07:13
Engineering giant Weir Group said it is expanding its presence in the mining and minerals markets through a number of agreements for crushing, grinding and screening equipment and services. The combined upfront cost of these agreements is £7m with a similar amount expected to be invested over the n
Read moreLondon close: Footsie tracks gains on Wall Street
11th Apr 2013 17:25
After a tentative start the Footsie finished the Thursday session firmly in positive territory, tracking the renewed rise in Wall Street shares to near their best levels of the day and extending its recent winning streak to a fourth day despite some steep falls in the heavyweight mining sector. Ren
Read moreFTSE 100 movers: Miners get boost from Alcoa and Chinese inflation
9th Apr 2013 14:31
Strong results from mining heavyweight Alcoa and slowing inflation in China were lifting resource stocks in London today, with ENRC, Vedanta, Rio Tinto, EVRAZ and Anglo American all making strong gains. The latter's shares were also lifted after the miner reported it would produce three per cent m
Read moreLondon close: Markets hold on to gains despite shaky start in US
8th Apr 2013 16:43
UK stocks finished moderately higher on Monday, rebounding after a heavy sell-off the previous session, with markets managing to hold on to gains despite a shaky start on Wall Street as investors turned cautious ahead of US earnings season. US benchmarks were trading slightly lower after the openin
Read moreBroker snap: BofA lifts target price for Weir Group
8th Apr 2013 15:46
Upbeat comments from Bank of America (BofA) had boosted the share price of industrial engineering firm Weir Group on Monday afternoon. Weir, a global engineering firm with nearly 200 manufacturing and service facilities around the world, was up 4.44% at 2,281p in afternoon trade after BofA highligh
Read moreSector movers: Weir lifts industrial engineers higher after BofA note
8th Apr 2013 15:02
The London-listed industrial engineering sector was the best performing sector of the day on Monday with Weir Group performing well after some upbeat comments from Bank of America (BofA). Weir, a global engineering firm with nearly 200 manufacturing and service facilities around the world, was up 4
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreBroker tips: Anglo American, Weir, IAG
4th Mar 2013 12:55
Markets seem to be getting ahead of themselves with regards to Anglo American, analysts at Nomura write this morning. In particular, optimism regarding the incoming new Chief Executive Officer, Mark Cutifani, on April 3rd, has seen the shares rise to the point where investors are now paying approxi
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