MARKET COMMENT: Disappointing Eurozone PMIs Send Stocks Lower
23rd Jun 2014 09:45
LONDON (Alliance News) - Platinum miner Lonmin PLC said Wednesday that it has "regrettably" received new demands from the striking Association of Mineworkers and Construction Union in South Africa that, if granted, would mean significant additional costs of over ZAR200 million for the company abo Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />BERENBERG INITIATES BAE SYSTEMS WITH 'HOLD' - TARGET 445 PENCE <br />----------<br />BERENBERG INITIATES GKN WITH 'BUY' - TARGE Read More
LONDON (Alliance News) - Engineering firm Weir Group PLC Tuesday said overall trading in April and May was in line with expectations, but it now expects 2014 profit and revenue to be more weighted towards the second half of the year after currency headwinds strengthened over the first half of 201 Read More
LONDON (Alliance News) - UK stock indices closed lower Monday as geopolitical concerns over both Iraq and Ukraine weighed on investor sentiment, while the mining stocks provided some support on the back of comments from Chinese Premier Li Keqiang.<br /><br />Despite being lifted off intra-day Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>Fresnillo</strong>, up 2.3%, <strong>Glencore</strong>, up 2.0%, <strong>Anglo American Read More
LONDON (Alliance News) - Major mining company Anglo American PLC Monday said Non-Executive Director Byron Grote bought 2,500 American Depositary Receipts at a price of USD11.89 each Friday. Each ADR represents half an ordinary share. Shares were trading up 1.2% at 1,427.00 pence Monda Read More
LONDON (Alliance News) - UK stock indices are lower Monday as geopolitical risk continues to weigh on sentiment, while the mining stock are providing some support for indices following comments from Chinese Premier Li Keqiang. By mid-morning Monday, the FTSE 100 is down 0.3% at 6,759.55, th Read More
LONDON (Alliance News) - The FTSE 100 closed fractionally higher Thursday, having spent the day trading within a tight range, with oil and gas exploration and production company <strong>BG Group</strong> leading the gains as the price of oil climbed amid escalating violence in Iraq.<br /><br / Read More
LONDON (Alliance News) - <strong>Lonmin</strong> Thursday said it has reached a tentative deal over wages and working conditions with the leadership of the union that has brought the South African platinum mining industry to a halt for several months.<br /><br />In a statement, the company sai Read More
LONDON (Alliance News) - US stocks are set to open marginally lower Thursday following some weaker-than-expected retail sales data that has disappointed investors who were looking for a stronger rebound in the US economy following a disappointing first quarter. US retail sales expanded by 0 Read More
LONDON (Alliance News) - Lonmin PLC Thursday said it has reached a tentative deal over wages and working conditions with the leadership of the union that has brought the South African platinum mining industry to a halt for months. In a statement, the company said the two sides have reached Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>ITV</strong>, up 2.7%. ITV's shares have spent June trading in tight ranges, and Libe Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning and Wednesday afternoon:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />NOMURA CUTS BG GROUP TO 'NEUTRAL' ('BUY') - PRICE TARGET 1350 PENCE<br />----------<br />TRADERS: INVE Read More
LONDON (Alliance News) - UK stock indices are trading mixed Thursday, with the mining stocks underperfoming and the price of oil rising, as investors continue to react to the lower global growth forecast from the World Bank and the deteriorating situation in Iraq. By mid-morning Thursday th Read More
LONDON (Alliance News) - UK shares have opened flat Thursday, following negative trading in the US and Asia overnight. <br /><br /><strong>AstraZeneca</strong> is the third biggest gainer on the FTSE 100. The drugmaker said it has signed a global licence agreement with AIM-listed biotechnology Read More
LONDON (Alliance News) - The following is a summary of top news stories Tuesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />Brokerage<strong> ICAP</strong> PLC could now be hit by fines from the European Commission over the manipulation of yen Libor rates, after it sa Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>Imperial Tobacco</strong> Group, up 0.5%. The cigarettes and tobacco company said it w Read More
LONDON (Alliance News) - UK shares have opened mixed Tuesday, with AIM marginally outperforming larger stocks.<br /><br />Goldman Sachs joined other brokers in issuing positive notes about AIM giant <strong>ASOS</strong> following its recent share price decline. Goldman added ASOS to its Convi Read More