Anglo's De Beers enjoys sparkling first cycle of rough diamond sales
24th Jan 2017 09:57
(ShareCast News) - Anglo American's De Beers reaped $720m in rough diamond sales from the first cycle of 2017. This was 32% ahead of the $545m in the same cycle last year and 70% up on the last cycle of 2016. "We saw good demand across the majority of our assortment during the first sales cycle of
Read moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read moreSector movers: Miners higher on HSBC upgrades
16th Jan 2017 14:50
(ShareCast News) - Miners paced gains in the market following multiple upwards target price revisions from analysts at HSBC on LSE-listed copper miners and diversified miners. In the case of the former, the broker's analysts said they had raised their copper price forecast from 2017 onwards by betwe
Read moreHSBC lifts target prices on diversified miners
16th Jan 2017 13:54
(ShareCast News) - HSBC revised its target prices higher for the largest of the diversified miners, telling clients it now expected a decline in commodity prices to be less pronounced that it had previously foreseen. Furthermore, China's decision to reduce its output of coal was now projected to hav
Read moreMonday broker round-up
9th Jan 2017 17:00
(ShareCast News) - Reckitt Benckiser: Berenberg reiterates hold with a target price of 7300p. EnQuest: Jefferies upgrades to buy with a 64p target. Booker: HSBC stays at buy with a 220p target. Anglo American: Barclays reiterates overweight with a 350p target. ICAP: HSBC upgrades to buy with a 52
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreFTSE 100 movers: Centrica rallies while miners in the doldrums
15th Dec 2016 14:49
(ShareCast News) - The FTSE 100 index was up 0.72% to 6,999.01 points in the late afternoon. Bank stocks rose after the Fed raised interest rates 25 basis points and struck a more hawkish tone than expected, signalling three hikes next year. RBS shares gained as a result. Centrica advanced as it pu
Read moreWednesday broker round-up
14th Dec 2016 17:55
(ShareCast News) - Hargreaves: Barclays reiterates overweight with a target price of 1560p. Barclays: Exane BNP Paribas downgrades to neutral, 245p target. Domino's Pizza: Berenberg reiterates buy with a 425p target. Booker: Goldman Sachs reiterates buy with a 200p target. Paysafe: Barclays keeps
Read moreBulk commodities to suffer in early 2017, warns JP Morgan
14th Dec 2016 09:44
(ShareCast News) - Taking a more cautious view of the metals and mining sector into early 2017, JP Morgan Cazenove said it felt bulk commodities such as coal and iron ore would suffer, while precious metals offered scope for recovery. JPM picked through the likely winners and losers in the coming mo
Read moreAnglo's De Beers completes mixed cycle of rough diamond sales
13th Dec 2016 08:10
(ShareCast News) - Anglo American's De Beers arm sold $418m of rough diamonds in its tenth sales cycle of 2016, despite a slowdown in the trade in lower-value rough diamonds due to India's demonetisation programme. The value of global sightholder sales and auction sales was up two thirds from the $2
Read moreBroker tips: Cranswick, miners, Tullett Prebon
5th Dec 2016 12:57
(ShareCast News) - Cranswick's shares were under the cosh on Monday as Numis downgraded the food producer's stock to 'hold' from 'add' and cut the target price to 2,311p from 2,536p. While the company last week revealed a strong set of first half results, Numis noted the market's increased wariness
Read moreS&P Global upgrades Anglo American's long-term debt to 'BB+'
1st Dec 2016 17:23
(ShareCast News) - S&P Global upgraded mining company Anglo American's long-term debt to 'BB+' from 'BB' and raised its South Africa national scale rating to 'zaA/zaA-1 from 'zaBBB+/zaA-2' with a stable outlook for both. The rating actions come after the recent rally in the prices of bulk commoditie
Read moreAnglo American sells 9.7% stake in Exxaro Resources
1st Dec 2016 08:25
(ShareCast News) - Anglo American has sold 35m shares, or a 9.7% interest in Exxaro Resources for 87 South African rand per share, raising gross proceeds of around ZAR3bn ($215m). The sale price represents a 10% discount to the closing price on Wednesday. Anglo, which will no longer hold a direct e
Read moreSector movers: Miners and Big Oil pace losses
29th Nov 2016 16:05
(ShareCast News) - Miners were at the bottom of the pile as commodity futures took a breather following recent sharp gains. As of 1651 GMT, copper futures for delivery in March 2017 were falling 2.42% to $2.6060 a pound on COMEX, although during the previous session LME three-month futures had at on
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
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