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Bhp Billiton ShareCast News (BLT)
ShareCast News for Bhp Billiton (BLT)
| Share Price: 1,820.50 | Bid: 1,818.00 | Ask: 1,819.00 | Change: 0.00 (0.00%) |  | ||||||
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FTSE 100 movers: IAG the biggest of just four fallers
Fri, 3rd Aug 2012 14:11
While only a handful of stocks were registering losses, airline group IAG dropped after saying that it would fail to achieve its 'break-even' operating target this year after it registered a steep loss in the six months to June 30th as fuel costs jumped and losses at its Spanish airline increased.
Mining group BHP Billiton gained after saying that its Chief Executive Officer would forgo his 2012 bonus after a $2.84bn write-down on US shale gas assets.
The group's sector peers were also heading higher in line with metal prices, with Kazakhmys, Vedanta and Antofagasta all making strong gains. The former two are tracking Dr.Copper (the only metal with a PhD in Macroeconomics) higher.
Royal Bank of Scotland also advanced after some well-received first-half results. RBS's operating profit in the first half of 2012 fell from £1,966m to £1,834m, after a £125m provision for costs arising from the technology incident in June 2012 and a £50m provision for interest rate swap mis-selling. Investec said this morning that it "remains a mystery as to why nationalisation might be considered practical or desirable" as the bank is "more than capable of responding to any uptick in credit-worth demand for finance". Sector peers Barclays and Standard Chartered were also in demand.
Insurance giant Aviva was also making strong gains ahead of its interim results next week, with both Credit Suisse and Investec retaining their 'outperform' and 'buy' ratings for the stock today. Investec said this morning that the shares "have the potential, we believe, to re-rate once the market has seen the first two or three disposals" of the group's non-core business disposal programme, details of which may be revealed alongside the results. The insurer is also benefitting from the generally better tone in capital markets today as well as positive read-across from continental peers Axa and Allianz following their latest quarterly figures out this morning.
FTSE 100 - Risers
Kazakhmys (KAZ) 721.00p +6.19%
Aggreko (AGK) 2,216.00p +5.52%
Aviva (AV.) 300.10p +5.22%
Antofagasta (ANTO) 1,091.00p +4.80%
Vedanta Resources (VED) 944.00p +4.71%
Royal Bank of Scotland Group (RBS) 212.80p +4.06%
Prudential (PRU) 776.00p +4.02%
Admiral Group (ADM) 1,147.00p +3.99%
Barclays (BARC) 168.70p +3.94%
Eurasian Natural Resources Corp. (ENRC) 387.90p +3.91%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 154.50p -3.01%
Diageo (DGE) 1,710.50p -0.41%
Associated British Foods (ABF) 1,268.00p -0.16%
RSA Insurance Group (RSA) 109.80p -0.09%
NR
Mining group BHP Billiton gained after saying that its Chief Executive Officer would forgo his 2012 bonus after a $2.84bn write-down on US shale gas assets.
The group's sector peers were also heading higher in line with metal prices, with Kazakhmys, Vedanta and Antofagasta all making strong gains. The former two are tracking Dr.Copper (the only metal with a PhD in Macroeconomics) higher.
Royal Bank of Scotland also advanced after some well-received first-half results. RBS's operating profit in the first half of 2012 fell from £1,966m to £1,834m, after a £125m provision for costs arising from the technology incident in June 2012 and a £50m provision for interest rate swap mis-selling. Investec said this morning that it "remains a mystery as to why nationalisation might be considered practical or desirable" as the bank is "more than capable of responding to any uptick in credit-worth demand for finance". Sector peers Barclays and Standard Chartered were also in demand.
Insurance giant Aviva was also making strong gains ahead of its interim results next week, with both Credit Suisse and Investec retaining their 'outperform' and 'buy' ratings for the stock today. Investec said this morning that the shares "have the potential, we believe, to re-rate once the market has seen the first two or three disposals" of the group's non-core business disposal programme, details of which may be revealed alongside the results. The insurer is also benefitting from the generally better tone in capital markets today as well as positive read-across from continental peers Axa and Allianz following their latest quarterly figures out this morning.
FTSE 100 - Risers
Kazakhmys (KAZ) 721.00p +6.19%
Aggreko (AGK) 2,216.00p +5.52%
Aviva (AV.) 300.10p +5.22%
Antofagasta (ANTO) 1,091.00p +4.80%
Vedanta Resources (VED) 944.00p +4.71%
Royal Bank of Scotland Group (RBS) 212.80p +4.06%
Prudential (PRU) 776.00p +4.02%
Admiral Group (ADM) 1,147.00p +3.99%
Barclays (BARC) 168.70p +3.94%
Eurasian Natural Resources Corp. (ENRC) 387.90p +3.91%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 154.50p -3.01%
Diageo (DGE) 1,710.50p -0.41%
Associated British Foods (ABF) 1,268.00p -0.16%
RSA Insurance Group (RSA) 109.80p -0.09%
NR
London open: Stocks fall as ECB gets ready to defend bond-buying plan
Markets opened firmly in the red on Tuesday morning as traders awaited a courtroom battle in which the European Central Bank (ECB) is expected to defend its bond-buying programme.[11 Jun '13]
London open: Gloomy Chinese data weighs on markets early on
Stocks pulled back on Monday morning on the back of a series of gloomy figures from economic powerhouse China, with Severn Trent leading the FTSE 100 lower as its potential takeover is put at risk.[10 Jun '13]
Friday broker round-up UPDATE
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform.[7 Jun '13]
London midday: Markets drop ahead of key US data
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment.[5 Jun '13]
Tuesday broker round-up UPDATE
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation.[4 Jun '13]
BHP Billiton to temporarily shut some coal mines
FTSE 100-listed mining company BHP Billiton has taken action to reduce its outgoing expenditure with the temporary closure of high cost metallurgical coal mines and 0.8bn dollars in annualised cash cost savings achieved for the coal business in the first half of 2013.[29 May '13]
London midday: Stocks firmer as policy makers move to buttress growth
Investor sentiment seems to have firmed a little in the first half of the session. That comes after a cautious start higher after the long weekend and as traders continued to debate about how much further the current push higher in equity markets has to go.[7 May '13]
London open: Buying interest on the rise in commodity space
Investors in London have come back from the long weekend with a slightly cautious attitude, as traders continue to debate whether the current push higher in equity markets will be sustained or not.[7 May '13]
