M&A activity in the mining sector is set to heat up following reports on Thursday that former Xstrata boss Mick Davis is looking to take advantage of cheaper commodity prices to snap up some assets. [Yesterday 10:47]
Shares in Barclays fell after the bank set aside a total of £1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates. The news came as Barclays reported a pre-tax loss of £532m for the fourth quarter. [Tue 13:44]
Banking stocks such as Barclays and RBS topped the risers as share prices rebounded after a weak outing last week following some poorly-received annual results. 2014 figures from Barclays, the last UK lender to report, are due out on Tuesday. [Mon 13:18]
UK stocks rose modestly to a new record high on Monday morning on the back of gains in the banking and mining sectors, tracking a strong performance on Asian markets overnight after a rate cut in China. [Mon 08:52]
Investec has hiked its target price for mining giant BHP Billiton from 1,323p to 1,552p after first-half results on Tuesday impressed the market, though the broker still kept its 'hold' rating. [25 Feb '15]
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