FTSE 100 movers: Randgold up on Mali government news
23rd Aug 2012 14:59
Randgold was a high riser today after releasing a statement to welcome the appointment of a new interim government in Mali which its said 'represents a further step towards the full normalisation of the country following the coup attempt earlier this year.' Miners on the whole were making gains to
Read moreAnglo American confirms deal with Codelco - UPDATE
23rd Aug 2012 13:52
Mining giant Anglo American and the world's largest copper miner Codelco have signed a deal to end their 10-month battle over the Sur unit in Chile, which was, somewhat ironically, formerly known as The Disputed One. The two firms have told a Santiago court that they have reached an out-of-court se
Read moreLondon midday: Miners gain on QE hopes, Randgold jumps
23rd Aug 2012 11:44
- QE hopes drive stocks early on - Gains pared after Eurozone data - Randgold leads miners higher The Footsie was teetering around the 5,800 level by Thursday lunchtime as earlier optimism surrounding a potential policy easing in the US was tempered by some weak manufacturing data from the Eurozone
Read moreThursday newspaper round-up: Greece, Gold miners, S.Africa
23rd Aug 2012 06:56
Greece has "one last chance" to meet its bail-out conditions, according to Jean Claude Juncker in comments that crushed hopes for an imminent change of strategy for Athens and the Eurozone. The head of the eurogroup emerged from a highly-anticipated meeting with Antonis Samaras, Greece's prime minis
Read moreFTSE 100 movers: Miners down on Japanese data
22nd Aug 2012 14:32
Metals and mining stocks dropped today after Japanese trade data disappointed, weighed on the outlook for demand. BHP Billiton fell after saying that weakness in commodity markets and industry-wide cost pressures resulted in earnings declining in the first half. The group also decided against spen
Read moreMiners at two more South African platinum sites make pay demands
22nd Aug 2012 14:04
Workers at two further platinum mines in South Africa are demanding pay rises, just days after an industrial dispute at Lonmin's Marikana mine turned violent, leaving over 30 people dead. Rock drill operators at Royal Bafokeng's BRPM mine went on strike on Tuesday night, with nobody reporting for w
Read moreWednesday broker round-up
22nd Aug 2012 09:20
888 Holdings: Shore Capital upgrades to buy. Afren: Jefferies raises target from 140p to 155p, buy recommendation maintained. Anglo American: JPMorgan Cazenove downgrades to underweight, target cut from 3,000p to 1,900p. Antofagasta: JPMorgan Cazenove upgrades to overweight, target lifted from 1,
Read moreLondon close: Stimulus hopes drive gains
21st Aug 2012 17:13
- Miners lead the way higher on Tuesday - Central banks in China and Europe expected to act - Glencore-Xstrata merger at risk Hopes of central bank action in Europe and China boosted stocks today with the mining sector benefitting the most from increased risk appetite. Michael Hewson, the senior m
Read moreFTSE 100 movers: Xstrata rises despite Glencore CEO's comments
21st Aug 2012 14:45
Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es
Read moreLondon midday: Stocks hold on to gains
21st Aug 2012 11:49
- Glencore-Xstrata merger dominates the headlines - Eurozone announcement could be near, says analyst - Chinese stimulus hopes lift stocks London's FTSE 100 had come off its intraday highs by lunchtime but was still trading firmly in the blue, with solid gains in the mining sector providing a lift.
Read moreSunday newspaper round-up: Glencore, Euro, Anglo American
19th Aug 2012 19:21
The Qatari state investment fund has pushed the world's largest merger, between Glencore and Xstrata, to the brink of collapse this weekend after building up a stake nearly large enough to block the deal. Qatar Holding, the financial vehicle of the gas-rich emirate, spent more than 5bn dollars on Xs
Read moreSector movers: Laird lifts electronics stocks higher
17th Aug 2012 16:12
Electronic and electrical equipment companies were in demand on Friday afternoon with Laird leading the way after a broker upgrade. Laird, whose solutions protect electronic devices from electromagnetic interference and heat, and enable connectivity through wireless applications and antennae system
Read moreFTSE 100 movers: Banks rise on Eurozone outlook
17th Aug 2012 15:35
Barclays, Royal Bank of Scotland and Lloyds were in demand today as banking stocks across Europe made gains on improving developments in the Eurozone, boosted by comments from German Chancellor Angela Merkel which expressed strong support for the 'save the euro at any cost' stance of European Centra
Read moreLondon close: Stocks rally on hopes for Spain
16th Aug 2012 16:52
- Spanish aid hopes drive stocks late on - Global economic data comes in mixed - Miners, banks rise in afternoon trade The Footsie rallied in afternoon trade, tracking European markets higher on the back of increased speculation that Spain could be close to requesting some sort of aid to help its a
Read moreSector movers: ENRC leads miners lower after profits drop
15th Aug 2012 15:48
Heavy falls for Eurasian Natural Resources Corp (ENRC) and a host of heavyweight resource stocks saw the mining sector fall to bottom of the pile on Wednesday. Diversified mining giant ENRC was trading over 8% lower in afternoon trade after reporting that it was hit by a fall in commodity prices an
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