Less Ads, More Data, More Tools Register for FREE

FTSE 100 movers: Miners rise following positive US jobs report

Fri, 05th Oct 2012 15:24

Blue-chip mining stocks were registering impressive gains following decent figures in the US jobs report, which has eased concerns about the global economy and worries about the demand for commodities. ENRC, Kazakhmys, Evraz, and Vedanta, were among the risers. Luxury brand Burberry rose after Morgan Stanley upgraded the stock to 'overweight' this morning. Engineering group IMI was a high riser after Morgan Stanley and JP Morgan Cazenove both reiterated their 'overweight' ratings on the shares. Oilfield services firm Wood Group was also in demand after saying that it is still confident in hitting full-year profit targets, with conditions in energy markets remaining favourable. "We anticipate strong operating cash flow in the second half, and our strong balance sheet provides a robust platform for growth," the group's interim management statement said. Meanwhile, shares were down at Tesco after Investec said the strategic problems at the supermarket giant are getting worse, recommending investors to sell their shares. Tesco disappointed with its interim results on Wednesday, missing trading profit forecasts by 3%, leading to further downgrades to forecasts, Investec said. The broker cut its own earnings per share (EPS) estimate by 7% for this year and the next due to poor trade and weak margins. Johnson Matthey continued to be a notable faller, with shares down 2.82%, equal to 68p, over the past week. The stock has performed well over the last year, up more than 45%, equivalent to 735p. FTSE 100 - RisersEurasian Natural Resources Corp. (ENRC) 334.10p +6.16%Kazakhmys (KAZ) 738.50p +4.53%Evraz (EVR) 255.50p +4.24%Vedanta Resources (VED) 1,110.00p +4.23%Hargreaves Lansdown (HL.) 675.50p +4.00%Rexam (REX) 455.50p +3.41%International Consolidated Airlines Group SA (CDI) (IAG) 168.00p +3.38%Wood Group (John) (WG.) 836.00p +3.08%Burberry Group (BRBY) 1,028.00p +2.80%Weir Group (WEIR) 1,847.00p +2.61%FTSE 100 - FallersOld Mutual (OML) 171.30p -3.27%Tesco (TSCO) 312.80p -1.68%Johnson Matthey (JMAT) 2,344.00p -1.06%BG Group (BG.) 1,304.50p -0.80%United Utilities Group (UU.) 730.50p -0.75%Wolseley (WOS) 2,704.00p -0.70%Glencore International (GLEN) 334.45p -0.61%Morrison (Wm) Supermarkets (MRW) 279.00p -0.50%Croda International (CRDA) 2,370.00p -0.42%Next (NXT) 3,578.00p -0.39%NR

Related Shares

More News
14 Jun 2024 15:36

London close: Stocks fall amid French political concerns

(Sharecast News) - London stocks were still in the red by the close on Friday, mirroring a broader European selloff driven by political uncertainty in...

14 Jun 2024 09:27

LONDON BROKER RATINGS: BoA ups L&G; Deutsche Bank cuts Iomart

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

6 Jun 2024 11:35

Chanel's creative director Virginie Viard to leave brand

June 5 (Reuters) - Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off speculation over who...

28 May 2024 09:36

LONDON BROKER RATINGS: RBC likes M&S; Goldman cuts Fevertree to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

22 May 2024 09:53

LONDON BROKER RATINGS: Barclays cuts NextEnergy but lifts JLEN

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.