London close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreLondon close: Stocks finish flat after uninspiring data
12th Aug 2016 16:02
(ShareCast News) - London stocks finished broadly flat on Friday following a batch of uninspiring economic data including reports on UK construction, eurozone gross domestic product and US retail sales. UK construction output fell 0.9% in June from May, more or less in line with consensus expectatio
Read moreDe Beers encouraged by latest auction sales, but remains cautious
2nd Aug 2016 10:59
(ShareCast News) - De Beers said it had sold $520m of rough cut diamonds in the sixth auction of the year compared with $564m in the previous sale. De Beers, owned by Anglo American, said the numbers were "encouraging". Chief executive Bruce Cleaver said: "This is an encouraging sales performance f
Read moreTuesday broker round-up
2nd Aug 2016 10:58
(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.
Read moreBroker tips: Anglo American, Intertek, Johnson Matthey
2nd Aug 2016 10:51
(ShareCast News) - UBS reiterated a 'sell' rating on Anglo American but lifted its target price to 740p from 540p after the miner reported a first half loss. The company last week reported a net loss of $813m for the first half of 2016, compared with a $3 bbn loss for the same period last year. The
Read moreUBS reiterates 'sell' on Anglo American
2nd Aug 2016 09:36
(ShareCast News) - UBS reiterated a 'sell' rating on Anglo American but lifted its target price to 740p from 540p after the miner reported a first half loss. The company last week reported a net loss of $813m for the first half of 2016, compared with a $3 bbn loss for the same period last year. The
Read moreSector movers: Tug of war between Big Oil, miners
1st Aug 2016 16:16
(ShareCast News) - Shares in the oil majors proved a drag for the Footsie on Monday after Saudi Arabia over the weekend announced a steep cut in the price of its cargoes for export to Asia. On Sunday, Saudi Aramco, the Middle Eastern Kingdom´s state-owned oil company cut its price for shipments of A
Read moreBroker tips: DMGT, Anglo American, Fidessa
1st Aug 2016 10:14
(ShareCast News) - Daily Mail General Trust's (DMGT) 'hold' rating was left unchanged and its target price was lowered to 700p from 732p by Canaccord Genuity on Monday. Canaccord said while the DMGT's third quarter trading update last week "struck a more upbeat tone" the broker remains cautious on t
Read moreMonday broker round-up
1st Aug 2016 09:49
(ShareCast News) - Thomas Cook: Berenberg reiterates hol d with a target price of 60p. Diageo: JP Morgan maintains overweight with a 2400p target. Indivior: Jefferies reiterates buy with a 330p target. Anglo American: HSBC stays at hold with a 930p target. Just Eat: UBS keeps at sell with a targ
Read moreAnglo American boosted by RBC Capital upgrade
1st Aug 2016 09:20
(ShareCast News) - Anglo American got a boost on Monday as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and lifted the price target to 1,000p from 800p saying the tide is turning for the investment case "With the balance sheet striding towards rehabilitation and volum
Read moreSector movers: Oil-related sectors retreat as Aerospace & Defence flies
28th Jul 2016 16:42
(ShareCast News) - FTSE indices were mixed heading towards the closing bell on Thursday, with the blue-chip index helped south by oil stocks undermined by crude's weakness and Royal Dutch Shell's second-quarter shocker. "An unsurprisingly indecisive session in Europe has seen the likes of the FTSE l
Read moreAnglo American's Kumba restructures management
26th Jul 2016 16:25
(ShareCast News) - Global mining business Anglo American has appointed two new divisional chiefs at its iron ore subsidiary. Themba Mkhwanazi has been appointed CEO of Kumba Iron Ore following Norman Mbazima's decision to step down after four years to focus on his role as deputy chairman of the fir
Read moreAnglo American Platinum reports drop in H1 profit
25th Jul 2016 12:18
(ShareCast News) - Underlying earnings at Anglo American's South African platinum division fell in the six months ended 30 June, partly on the back of lower metals prices. Headline earnings for the period were down 58% from the first half of 2015 to 1.04bn rand. Sales revenues rose 3% to ZAR30.7bn
Read moreFTSE 100 movers: Property stocks rally, miners slide
20th Jul 2016 16:42
(ShareCast News) - The FTSE 100 gained 0.47% to 6,728.99 points at the close, buoyed by a rally in real estate and housebuilder stocks. Real estate investors and housebuilders, including Land Securities and Persimmon, a day after a report by the Centre for Economics and Business Research (Cebr) cons
Read more