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Sector movers: Miners retreat as London market just about stays in positive territory

Fri, 19th Jun 2015 16:18

Greece continued to hound investor sentiment on Friday with mining stocks in general retreat, as the London market just about remained on positive ground.The blue chip FTSE 100 index closed up a mere 2.57 points or 0.04% at 6,710.45 with miners in general retreat from the previous session's high. While precious metals basked in the safe haven territory as gold spiked above the $1,200 an ounce level, base metals endured a troubling session driving down major mining stocks.Fresnillo (down 1.99%), Glencore (down 1.74%), Rio Tinto (down 0.64%), BHP Billiton (down 0.56%), Antofagasta (down 0.56%) and Anglo American (down 0.41%) all finished lower. Oil and gas producers also fell into red territory, with blue chips BP (down 0.71%) and Shell ('B' shares down 0.13%) trading lower.Tobacco stocks also fell back into the red down 0.37% or 158.29 points. Both British American Tobacco (down 0.25%) and Imperial Tobacco (down 0.62%) traded lower.Among the few bright spots were the technology and telecom sectors as shares in Colt surged 20% to 188p after Fidelity said it has made a 190p per share offer for the remaining in the stake in the company it does not already own.However, Colt's independent directors said they would make no recommendation to shareholders whether or not to accept the offer, which they believe undervalues the company.
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22 Jun 2015 08:32

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22 Jun 2015 07:28

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18 Jun 2015 14:57

Three tobacco firms threaten legal action over Hungary sales reforms

BUDAPEST, June 18 (Reuters) - Three tobacco companies have threatened legal action against Hungary's government unless it revises what they say is a "discriminatory" decision to award a 20-year retail tobacco supplier contract to two rival companies. Earlier this month British American Toba

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17 Jun 2015 10:23

Broker tips: Betfair, Tesco, Sainsbury, Morrison, BAT, Imperial Tobacco

Numis raised its rating on Betfair to 'reduce' from 'sell' and reiterated its 2,100p price target, in light of the modest recent retreat in the share price. Commenting on the company's full-year results, it noted that revenue was just a touch ahead of its expectations, with earnings before interest,

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17 Jun 2015 08:42

London open: UK stocks flat as investors watch Greece, Fed decision

UK stocks paused at a three-month low on Wednesday morning ahead of a Federal Reserve policy decision, as negative newsflow from Greece continued to dampen risk appetite. The FTSE 100 was trading 0.1% lower at 6,703.24 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. The inde

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17 Jun 2015 08:41

BROKER RATINGS SUMMARY: Credit Suisse Likes Ocado Among UK Grocers

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17 Jun 2015 07:30

Goldman Sachs ups BAT to 'neutral', reinstates Imperial Tobacco at buy

Goldman Sachs has upgraded British American Tobacco to 'neutral' from 'sell' and raised the target price to 3,270p from 3,010p. It noted that since being added to the 'sell' list on 9 October 2014, the shares are down 2% versus the FTSE World Europe's rise of 7% and the staples sector up 11%. GS sa

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LONDON MORNING BRIEFING: Shares Gain Ahead Of Bank Of England And Fed

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