Anglo American slumps as it cuts copper output guidance
20th Jul 2016 09:50
(ShareCast News) - Anglo American shares were under pressure on Wednesday after the miner cut its full-year copper production guidance. Due to the severe weather experienced at the Los Bronces mines during the quarter, which limited mine extraction and the ability to mine the higher altitude, higher
Read moreSector movers: Real estate, Oil&Gas pace gains, mining down
19th Jul 2016 10:54
(ShareCast News) - Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year. In the case of the Washington-based
Read moreLondon midday: Miners pace gains on stimulus hopes, upbeat US jobs data
11th Jul 2016 12:10
(ShareCast News) - London stocks were continuing to push higher come midday, carried by positive sentiment from Asia and the US, with domestic thoughts turning to the Bank of England monetary policy meeting scheduled for later in the week. Asian stocks finished the session with strong gains, as some
Read moreBroker tips: Rightmove, Anglo American, AB Foods
7th Jul 2016 15:19
(ShareCast News) - Morgan Stanley cut its forecasts and price share targets by varying degrees for internet players Rightmove, Auto Trader and Zoopla, but saw a higher price for Just Eat. UK internet stocks are still benefitting from structural growth, the bank said in a note to clients, also offeri
Read moreCanaccord maintains Anglo American's 'sell' rating but raises target price
7th Jul 2016 09:54
(ShareCast News) - Anglo American shares rose on Thursday as Canaccord Genuity raised its target price to 620p from 480p, citing lower debt and a weaker pound against the dollar. However, Canaccord said it believes the stock is currently overvalued and reiterated a 'sell' rating. "We like the exten
Read moreCredit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreAnglo American Platinum warns on first-half earnings
21st Jun 2016 12:06
(ShareCast News) - The world's largest platinum producer, Anglo American Platinum, warned on Tuesday that earnings for the six months ended 30 June would be at least 20% lower than the same period last year. Anglo issued the statement as it noted that South African listing rules require companies to
Read moreRio Tinto seals $3bn debt reduction
21st Jun 2016 09:47
(ShareCast News) - Rio Tinto has arranged a further $3bn reduction in its gross debts after agreeing further purchases of its bonds in New York. The mining group's has agreed to buy back $1.252 billion of debt under a 'maximum tender offer', which began on 7 June. This comes on top of the $1.748bn
Read moreMiners and tech lead gains
15th Jun 2016 18:54
(ShareCast News) - A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher. Adding to the positive sentiment, data published overnight in China revealed stable lending dynamics across the country in May, although the figures also pointed towards a
Read moreA rising (oil) tide lifts all boats
7th Jun 2016 23:47
(ShareCast News) - Gains in shares of London-listed oil majors BP and Royal Dutch Shell, and oil stocks more generally, helped to keep the FTSE 100 and FTSE 350 in the green on Tuesday. Traders welcomed news that Shell had boosted its estimates for the cost savings it expected to reap from its merge
Read moreBHP, Glencore bidding for Anglo's Australian coal assets - report
7th Jun 2016 16:40
(ShareCast News) - Mining titans BHP Billiton and Glencore number among the final bidders for Anglo American's Australian metallurgical coal assets that may fetch about $1.5bn, according to a report. Bloomberg, citing several sources with knowledge of the matter, also reported that Anemka Resources,
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreAnglo American appoints new De Beers CEO
27th May 2016 08:17
(ShareCast News) - Anglo American has appointed Bruce Cleaver as chief executive officer of its diamonds business, De Beers, following Philippe Mellier's decision to step down after five years. Cleaver was De Beers' executive director responsible for strategy and commercial relationships until 2015.
Read moreThursday broker round-up
26th May 2016 15:53
(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies downgrades to underperform with a target price of 300p, Exane BNP Paribas downgrades to underperform wi
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
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