FTSE 100 movers: Antofagasta tumbles after disappointing production figures
4th May 2011 13:51
Miner Antofagasta is leading the decline on Wednesday after reporting production figures that missed expectations. Group copper production for the first three months of the year came in at 129,800 tonnes, below forecasts of 158,800 tonnes, reflecting delays and lower-than-budgeted grades at two of i
Read moreBroker tips: Whitbread, L&G, Weir
4th May 2011 12:59
Credit Suisse keeps its 'outperform' rating on Whitbread, but slashes its target price from 2,230p to 1,992p, after a cautious outlook alongside its full year results. Credit Suisse said that the Costa Coffee and Premier Inn owner reported "solid" figures for the year ended 3 March, but issued caut
Read moreLondon midday: Mining stocks lead the slide
4th May 2011 12:16
Mining stocks have been updating the market day to mixed receptions, but with commodity prices falling, the sector, and the FTSE 100, are firmly in the red overall. South America-focused Antofagasta is among the heaviest fallers after its quarterly production report. Group copper production for th
Read moreBroker snap: Weir's target price upped on guidance
4th May 2011 11:52
Peel Hunt has raised its target price for engineer Weir following the group's upgrade to full year profit guidance announced on Wednesday. The statement reported record order intake for Minerals and Oil & Gas, with the latter being boosted by continued high level of shale gas activity in North Amer
Read moreLondon open: Miners weigh on FTSE 100
4th May 2011 08:32
The top share index is demonstrating how it at the mercy of the global economy today, with a strong showing from the retail sector failing to offset weakness in miners as commodity prices fall. Next is higher after warm weather and the royal wedding holiday had shoppers flocking to its stores in th
Read moreWeir raises full year expectations
4th May 2011 07:18
Engineering solutions provider Weir Group said it expects full year pre-tax profit to be around £20m ahead of its previous expectations following a strong first quarter. Glasgow-based Weir Group said a record opening order book and contributions from acquisitions made last year has increased its co
Read moreSector movers: Bodycote lifts industrial engineering sector
27th Apr 2011 14:06
Industrial engineers are wanted today, helped by a positive first quarter update by thermal processing services firm Bodycote. The metals engineer said revenues for the three months to 31 March 2011 were 19.2% higher than in the same period last year, and expects headline operating profit for the y
Read moreFTSE 100 movers: Aggreko leaps on full year guidance
27th Apr 2011 13:39
Temporary power supplier Aggreko has surged ahead after saying it expects its full year profits to be slightly ahead of 2010 after a strong start to the year. Airline IAG is firmly highly, continuing from strong gains made yesterday. Engineers GKN, IMI and Weir Group are also among the best perfo
Read moreTuesday tips round-up: Rexam, RWS, Weir
12th Apr 2011 06:28
The packaging company Rexam highlighted the scale of its ambition in Brazil yesterday by unveiling plans for a new beverage plant in the country's northern region. Brazil is just one part of the recovery story at Rexam, which has around a 100 plants in more than 20 countries, following a slump durin
Read moreLondon close: Stocks hold on to gains
21st Mar 2011 16:17
The FTSE 100 remained broadly flat since 0900, holding on to gains made in early trading. Sentiment was boosted by signs of progress being made in the handling of the nuclear crisis. Two reactors at the Fukushima Daiichi nuclear power plant in Japan were successfully brought into cold shut down unde
Read moreLondon afternoon: Stocks consolidate gains
21st Mar 2011 14:53
Stocks have largely been in consolidation mode in the afternoon session after a strong performance this morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm will become number one, but both AT&
Read moreFTSE 100 movers: Barclays sells mortgage assets
21st Mar 2011 13:44
Barclays has sold a portfolio of property loans to CreXus Investment Corp, a commercial mortgage REIT, for $586m in cash. CreXus needs to sell shares to raise money via a share issue in order to buy the 30 commercial real estate assets. CreXus is managed by a subsidiary of Annaly Capital Managemen
Read moreLondon midday: Stocks back on the climb
21st Mar 2011 12:23
Footsie finished the morning 10 points or so below its high for the day after regaining impetus following a mild spell of profit taking mid-morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm
Read moreLondon open: Telecoms power forward on AT&T move
21st Mar 2011 08:50
Footsie has opened brightly with telecoms stocks powering ahead on the back of AT&T's huge $39bn bid for Deutsche Telekom's T-Mobile USA. Vodafone is top riser as analysts have wasted little time working out what it means in value terms for Vodafone's 45% stake in current US market leader Verizon
Read moreHughes quadruples Restaurant Group stake
17th Mar 2011 16:49
Restaurant Group non-executive Tony Hughes has invested more than £900,000 in the company. Hughes has more than quadrupled his stake in the Garfunkels and Chiquito restaurants operator to 400,000 shares He bought 308,524 shares at 294.74p a share. By buying now Hughes will receive the 7.46p a shar
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