Broker spotlight: Investec cuts price targets for miners
Update: Comment added on Bezant and Galileo.
Company
Anglo American PLC
LON:AAL
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. The company's portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning it to deliver into structurally attractive major demand growth trends.
965 stories · page 9 of 10
Investments and investor services
Risers & Fallers: React Group, WS Atkins, Oilex, Carclo, Ferrex and Anglo American
Below are the main news-driven share price movements at 4pm.
Miners drive shares higher after upbeat Chinese economic data
The Footsie rose 39.57 points to 6314 while mainland European shares also gained
Investments and investor services
Investors shop for shares after upbeat Chinese retail sales
The Footsie surged 43.78 points to 6319 and mainland European markets also rose
Investments and investor services
FTSE 100 closes lower on Tuesday on China and commodity worries
Miners and commodity stocks slumped after a rating agency sounded a bearish note on China and commodity prices
Investments and investor services
China and commodity pessimism undermine shares
A bigger-than-expected global hit from China would threaten world economy - Moody's
Investments and investor services
FTSE100 drops on tough day for global markets
The FTSE100 ended 0.9%, or 58 points lower to 6,295, with Glencore sitting at the bottom of the index.
Archive
FTSE100 closes lower as Anglo American tumbles
After a brief foray into the black, Footsie went lower.....
Blue-chips bounce back after Bank of England rate decision
The FTSE 100 Index pared losses to stand 1.5 points up at 6414 by lunchtime
Miners and Morrisons drag down London market
The FTSE 100 Index was 27.26 points off at 6385 in morning trading
Investments and investor services
Weir upgraded by RBC, but BoA ML and JP Morgan disagree
Weir was among the few true upgrades and downgrades on Wednesday, meanwhile Just Eat, Regus were also in the broker spotligh along with Anglo American, Antofagasta and other mining majors
Short-sellers target Glencore but commodity demand may be stabilising - report
Plunging commodity prices have hit miners and suppliers such as JCB
M&S and miners help London market to build on gains
The FTSE 100 Index rose 69.53 points to 6453 as investors cheered M&S
M&S and miners combine to lift London shares
M&S was high in the Footsie risers as the index gained 57 points to 6440
Investments and investor services
FTSE100 ends lower as commodity weigh
The FTSE100, eased 42 points, 0.6%, to 6,395, but had dipped as low as 70 points earlier in the afternoon session.
Archive
FTSE100 closes lower as miners and Fed meet weigh
UK shares closed lower as stocks trimmed more off the huge gains seen last week and ahead of a Federal Reserve decision.
London's shares slip further at lunch
Data did little to entice investors into buying, with third quarter GDP figures growing by only 0.5%.
Investments and investor services
FTSE100 opens lower despite BP gains
Early deals were dominated by corporate news, with BP reporting a US$1.8bn profit for the third quarter.
Archive
Debenhams on track, reckons broker Jefferies
High Street retailer Debenhams catches the eye of US broker Jefferies, which remains a 'buyer' of the shares.
Investments and investor services
FTSE100 makes slow start to the week
The FTSE100 had remained flat through most of the day, but ended the day 25 points lower to 6,418.
Anglo American cuts diamond forecast, platinum spending
“Major project capital decisions have been postponed to at least 2017,” Amplats added.
Thursday’s agenda: Investors to get measure of Debenhams
The department store is due to release its results on Wednesday
Investments and investor services
FTSE100 ends lower on mixed day for European markets
The FTSE100 ended 25 points lower to 6,352 as oil stocks also made an appearance near the bottom of the index.
Investments and investor services
Commodity gloom hits market after China data
The FTSE 100 Index pared gains to stand 16.06 points adrift at 6361
Week ahead: Will China dampen the mood ahead of Sky and Whitbread updates?
Investors will get a look at how the living wage is impacting firms when Whitbread reports on Wednesday.
Investments and investor services
FTSE100 ends higher; Shire may be eyeing new US bid target
A Shire spokesperson said: "We don't comment on rumour/speculation."
Gold rises for sixth consecutive day
“A close above US$1,200 would, as a result, look pretty bullish” Charles Stanley said.
Miners lift London shares after upbeat Chinese data
The FTSE 100 Index climbed 60.9 points to 6330 by lunchtime
Investments and investor services
FTSE100 pares losses but ends the day in the red
Global markets have been in a malaise all day after dismal Chinese trade data on Tuesday.
Falling commodities undermine shares amid China woe
China's imports fell about a fifth in September, data showed
Morgan Stanley research could herald green shoots of recovery in the mining sector
Morgan Stanley moves its recommendations for London-listed miners up a notch
Investments and investor services
FTSE100 ends lower as miner weigh
Rolls Royce and the miners both dragged the index lower today.
Gold rises on a number of factors
The Fed, China and concerns over the global economy are all issues pushing the gold price higher.
Investments and investor services
Goldman Sachs queries rally among mining stocks
Glencore, Rio, BHP, AAL, KAZ Minerals, Ferrexpo are all in the broker spotlight; so are Sports Direct, Sainsbury, Weir, Hays, and Carrillion
Archive
London shares close higher as oil price buoys stocks
London shares closed over 41 points higher, with mining stocks once again among the risers, as metals and the oil price gained ground.
Archive
FTSE100 closes flat with miners the big gainers
Miners were the big risers of the day but Footsie finished flat at 6,325 after some volatile trading at the end of play.
Sibanye Gold makes £200mln offer for Aquarius Platinum
Sibanye has made a 12.9p per share offer for Aquarius,
Investments and investor services
FTSE 100 ends 170 points higher on commodities price jump
The FTSE 100 Index soared 168 points, or 2.75%, to 6,298
Dealers shrug off economic woe as oil and metal prices rise
News of lower US oil production capacity buoyed markets
Glencore sale talk boosts markets
Glencore CEO Ivan Glasenberg is reportedly ready to listen to takeover offers
Platinum drops below US$900 in wake of VW scandal
Platinum was trading at US$913 an hour into trading on Wall Street, US$5 down on the day.
Wall Street shares higher as consumer confidence buoys sentiment
The index eased a further 22 points to 5,936 today despite a rise for the miners.
Glencore says balance sheet 'robust' as it dismisses financial concerns
"Glencore has no debt covenants and continues to retain strong lines of credit," it said.
Investments and investor services
London drops on economic woe, miners regroup
Shares fell after Asian markets dipped amid worries about China slowdown
Investments and investor services
Glencore and Anglo American drag FTSE 100 lower
The FTSE 100 ended the day around some 2.5% lower, 150 points, at 5,958.
Gold eases as Swiss investigate gold price fixing
Switzerland's Weko watchdog is looking into seven banks.
Investments and investor services
London stocks fall as China and commodity prices weigh
Chinese industrial profits in August declined at fastest annual pace since records began
Investments and investor services
FTSE 100 regains ground as miners rise
The FTSE 100 ended 1.6%, or 96.4 points higher at 6,032.
London shares motor ahead as Volkswagen panic eases
A revival in mining and automotive industry shares lifted indices
Why has weaker Chinese data boosted miners today?
Mining editor Alastair Ford takes a closer look at the latest data from China.
Brokers bash beleaguered mining sector
Credit Suisse did the most damage, downgrading as many as 10 mining stocks.
Investments and investor services
FTSE 100 ends under 6,000
In London, the FTSE 100 fared a little better, but not much, easing 2.8%, or 172 points to 5,935.
London stocks drop as miners weigh
The FTSE 100 dropped 99 points to 6,009 despite the US ending on a positive note.
Investments and investor services
FTSE 100 ends flat as miners and RSA weigh
Footsie fell away from its session highs as the afternoon went on, with widening losses in the mining sector out-weighing the morning gains made by the index’s healthcare stocks.
Commodity price drop is changing face of stock market
Property and investment stocks are replacing miners and oilers in Footsie
Gold nudges lower ahead of this week's Fed meeting
Gold was trading US$3 lower to US$1,105 today as US data was met with mixed reaction.
FTSE 100 ends higher after strong start on Wall Street
“With that being impossible, they have opted for the second choice, namely running around in circles," Chris Beauchamp at IG said.
FTSE 100 up 39 as Chinese worries brushed off
FTSE 100 gained 39 points to 6,157 with nearly all of the Footsie members showing early advances.
FTSE 100 lower as China and the Fed weighed
After lunch, investors were not willing to carry much risk into the American session.
Does Glencore still have “the smartest guys in the room”?
It was right into the midst of a maelstrom of fevered optimism that Glencore listed.
Investments and investor services
FTSE 100 buoyed by thoughts of Asian stimuli
Miners were to the fore as the blue-chip index raced higher on the strength of hints stimulus measures for the Chinese and Japanese economies.
Analysis: Less is more for platinum miners
Broker Investec, said: “What surprised us about the figures from the WPIC was that it appears the platinum industry has still not got the message that production has to reduce.”
Anglo American sells off loss-making platinum mines
Sibanye Gold will pay R1.5bn (£70mln) upfront and will pay Anglo 35% of Rustenburg’s free cash flow for six years,
Risers & Fallers: Ryanair, Horizon Discovery, ANGLE, Morrisons and GlaxoSmithKline
Below are the main news-driven share price movements at 4pm.
Chinese and eurozone economic figures lift shares
dealers took heart from better-than-expected Chinese trade data
FTSE100 closes higher as ‘dip’ buyers still step in
Dealers took heart from better-than-expected Chinese trade data
Investments and investor services
FTSE 100 ends lower as miners and oil stocks weigh
Leading the way lower was Anglo American (LON:AAL), down 7.8% to 668p.
Investments and investor services
FTSE 100 makes biggest gain in a week
The FTSE 100 registered its biggest one day gain in a week as the European Central Bank (ECB) left interest rates unchanged on Thursday at record lows.
Shares take roller-coaster ride as US job data falls short of hopes
Footsie rebounds as miners rise on stable copper prices and oil majors fall
London market see-saws as miners rise but oil falls
Big miners were on the up as the price of copper stabilised
FTSE100 closes up as traders digest US data
Big miners were on the up as the price of copper stabilised
Risers & Fallers: Trinity Exploration & Production, STM Group, Anglo American and more...
Below are some of the main share price movements at 4pm
Archive
FTSE100 closes more than 3% higher as investors come back
Britain's blue chips closed Thursday over 3% higher as traders put recent worries behind....
London shares rise as US and Chinese markets rebound
Chinese markets rose "as state-directed investors bought shares to ensure positive close"
Investments and investor services
European shares rise as US and Chinese markets bounce back
US top flight shares gained 620 points and Chinese stocks had a rebound
London shares rise as US and Chinese markets rebound
Chinese markets rose "as state-directed investors bought shares"
FTSE 100 stays in red as Chinese stimulus moves stump market
Footsie falls 81 points as Chinese central bank cuts rates
FTSE 100 stays in red as Chinese stimulus moves stump market
Footsie falls 81 points as Chinese central bank cuts rates
FTSE 100 drops as US markets slip back after opening surge
The FTSE 100 ended the day 102 points lower, 1.68% to 5,979
Investments and investor services
FTSE 100 suffers worst day in six years
On what some are calling ‘Black Monday’ the FTSE 100 was hit to the tune of £80bn.
FTSE 100 plummets as China sell-off spooks markets
In the UK, the FTSE 100 was more than 2% lower, 135 points, to 6,051 with not a single constituent managing to eke out a gain.
FTSE 100 has £80bn wiped off on Black Monday
On what some are calling ‘Black Monday’ the FTSE 100 was hit to the tune of £80bn, suffering its worst day since 2009.
Investments and investor services
Gold gains after dovish US Fed minutes and Chinese devaluation
The yellow metal has gained almost 3.3% on the week so far
City sees cash drain for Anglo American
Anglo American, SIG, Premier Farnell, Northgate, and Topps Tiles are in Friday's broker spotlight
FTSE100 loses ground as China and UK retail numbers weigh
UK shares, were decidedly lower as UK retail sales numbers put a dampener on sentiment but China was the big trigger.
FTSE100 closes lower as Greece election uncertainty surfaces
Pundits are no wiser after yesterday's policy statement as to the timing of the long-expected interest rate hike.
Gold price sparkles as glum US data hits rate hike prospects
China's devaluation could also lift gold by delaying Fed rate hike
Investments and investor services
FTSE 100's last minute spike can't prevent losses
FTSE 100 eased 1.4%, or 93 points, to 6,541, after a last minute spike softened the blow.
Investments and investor services
FTSE 100 lower as Greece uncertainty lingers
Athens officials are quite hopeful about achieving the third bailout, but UK traders don’t seem share their optimistic outlook.
Archive
FTSE 100 fades after US jobs data
The FTSE 100 closed at 6,718, down 29 points on the day but up 22 points on what was a busy week.
Archive
FTSE100 closes lower as Carney's comments spook traders
FTSE100 did not manage to get into positive territory on Thursday and closed down around five points...
Archive
FTSE100 closes lower with Chinese data hitting miners
FTSE100 closed lower as traders fleed equities, and notably miners....
Investments and investor services
FTSE 100 lower as Greece stocks plummet
Struggling miners meant the FTSE 100 dropped 4 points to 6,692 today as commodity prices dropped across the board.
Investments and investor services
FTSE 100 lower as China slowdown continues
In the UK, miners suffered on the news of the slowdown in the world’s second largest economy.
Investments and investor services
Oil majors drag on shares as crude prices flounder
Falling gold prices are taking the shine off miners
Pearson's FT sale may just be the start, suggests Deutsche
Unsurprisingly, Pearson and its sale of the FT to Japan's Nikkei received coverage...