Broker tips: Anglo American, Talvivaara, Rathbone
4th Nov 2010 13:17
Panmure Gordon sees South Africa as an increasingly less attractive mining destination and no longer rates Anglo American shares as worth buying. According to the broker's calculations, the $237m cost savings achieved by Anglo American from asset optimisation have been outweighed by the mining gian
Read moreBroker snap: South Africa issues dim appeal of Anglo American
4th Nov 2010 12:12
Panmure Gordon sees South Africa as an increasingly less attractive mining destination and no longer rates Anglo American shares as worth buying. According to the broker's calculations, the $237m cost savings achieved by Anglo American from asset optimisation has been outweighed by the mining giant
Read moreFTSE 100 movers: Greenland disappointment for Cairn
26th Oct 2010 14:02
Cairn Energy's failure to find a commercial discovery at either of its wells offshore Greenland has knocked the share price. A strong third quarter performance by chip designer ARM still left some investors thinking that the share price is ahead of events. There has been profit-taking in miners a
Read moreLondon close:Dull end to the week
22nd Oct 2010 16:24
London has closed lower as Wall Street failed to arouse much enthusiasm and miners fell back with a weak dollar. Talks about currency tensions at this weekend's G20 meeting in Korea are also making traders cautious. Lonmin, Eurasian Natural Resources Corp, Vedanta and Anglo American are lower. Tw
Read moreLondon afternoon: Gloomy mood continues
22nd Oct 2010 15:25
Blue chips are stuck in the red as Wall Street failed to arouse much enthusiasm and miners continue to wallow in negative territory as dollar strength trims commodity prices. US company earnings have been largely well-received, but talks about currency tensions at this weekend's G20 meeting in Kore
Read moreBroker tips: British Airways, Anglo American, Xaar...
21st Oct 2010 12:28
German broker Commerzbank remains keen on British Airways and expects the airline to benefit from a 'dynamic rebound in the revenue environment'. Based on the expected very strong results for the second quarter, the German broker sees clear upside to current market expectations for full-year earnin
Read moreBroker snap: Anglo American 'under review'
21st Oct 2010 11:05
Panmure Gordon is reviewing its forecasts and 'buy' recommendation for Anglo American after the mining giant released mixed production figures in its interim statement today. In the third quarter, Anglo Platinum's output increased 11% from the same period previously to 0.70 million ounces, with an
Read moreMixed production figures at Anglo American
21st Oct 2010 07:34
Mining giant Anglo American reported mixed production figures for the third quarter, ramping up output of platinum and other metals, but seeing a fall in production of copper. The company hiked output of platinum, a precious metal used to make catalytic converters for cars, by 11% from the same per
Read moreLondon close: Footsie closes lower after China rate hike
19th Oct 2010 16:39
Shares fell in the afternoon after a surprise hike in rates in China took investors by surprise and the leading share index finished firmly in the red. The People's Bank of China upped its one-year deposit rate to 2.5% from 2.25%, while the lending rate has been hiked to 5.56% from 5.31%, with effe
Read moreLondon afternoon: Chinese rate rises prompt sell-off
19th Oct 2010 14:24
Having drifted aimlessly during the morning session shares turned briskly south over lunch after China made surprise changes to some of its interest rates. The People's Bank of China upped its one-year deposit rate to 2.5% from 2.25%, while the lending rate has been hiked to 5.56% from 5.31%, with e
Read moreLondon midday: Tech titans' fortunes differ
19th Oct 2010 12:03
London had a subdued morning with investors reluctant to jump too far in one direction ahead of tomorrow's release of the meeting notes from the most recent Monetary Policy Committee chin-wag. There has been some excitement in the tech sector, however, after yesterday's blockbusting results from Ap
Read moreAnglo American flags 'promising' Chile mine
19th Oct 2010 08:18
Anglo American has confirmed a new greenfield discovery at its West Wall copper project in central Chile. The project's Lagunillas deposit has an estimated inferred resource of 750m tonnes at a grade of 0.54% copper and 0.01% molybdenum, containing 4m tonnes of copper. "This is an exciting new ex
Read moreFTSE 100 movers: Miners stimulated by US hopes
13th Oct 2010 13:31
Xstrata, Vedanta Resources, Anglo American and Rio Tinto are higher on hopes of a fiscal stimulus in the US. Oil services group Petrofac is upgraded to 'overweight' from 'equal-weight' by broker Morgan Stanley, which thinks business opportunities in Britain, Iraq and Algeria will boost the company
Read moreSunday tips round-up: Dunelm, Anglo American, Mulberry...
10th Oct 2010 12:01
Many companies that move from family to public ownership find the transition difficult. But household goods retailer Dunelm has gone from strength to strength since floating four years ago, not least thanks to the Adderleys' son Will, who took over as chief executive in 1996. Dunelm aims to offer v
Read moreLondon close: Footsie rallies but falls short
8th Oct 2010 16:37
Footsie made a late charge for positive territory ahead of the close, in line with buoyancy in the US, but fell just short. The positive performance in the US was in spite of non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged. The 'glass half f
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