Anglo American advances on BofA Merrill Lynch's double upgrade
16th May 2016 15:15
(ShareCast News) - Bank of America Merrill Lynch double-upgraded Anglo American to 'buy' from 'underperform' on improved confidence in management's downsizing plan. Last month, the diversified miner agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for a bumper cash
Read moreFTSE 100 movers: Anglo leads and British Land plays catch up
16th May 2016 12:04
(ShareCast News) - The FTSE 100 had crawled to positive territory with around an hour left of Monday's session, helped by a positive start across the Atlantic. Miners led the charge among the blue chips, taking seven of the top ten spots as some market commentary suggested that disappointing Chinese
Read moreFTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreBasic resource shares pumelled, Canadian wildfire blaze slows advance
9th May 2016 19:03
(ShareCast News) - Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia's largest economy and after Chinese regulators warned they might clamp down on speculation further. On Sunday, China's customs administration said exports and imports s
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreLarge-cap miners pace gains
28th Apr 2016 19:45
(ShareCast News) - Shares in large-cap mining groups paced gains on the top flight index after one of their number closed the sale of two of its Brazilian businesses, a possible indication that the rally in commodity prices had opened at least a window of opportunity to divest some of their assets.
Read moreAnglo American to sell Brazil units for $1.5bn
28th Apr 2016 08:14
(ShareCast News) - Anglo American has agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for a cash consideration of $1.5bn. The phosphates business consists of a mine, beneficiation plant, two chemical complexes and two further mineral deposit. The niobium business
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
Read moreFTSE 100 movers: Mining bears outweigh construction bulls
22nd Apr 2016 13:54
(ShareCast News) - London's blue chips were on the back foot as the week came to a close, weighed down as the miners continued to lose ground for a second session and despite oil prices launching a new move higher. After the European Central Bank's tough-talking stance on Thursday, miners were being
Read moreFriday newspaper round-up: Obama, Estate agents, Saga
22nd Apr 2016 06:57
(ShareCast News) - Barack Obama will appeal to voters today to ensure that Britain continues its "outsize influence" by remaining inside a European Union that "enhances its global leadership". The US president flew to the UK last night to make what David Cameron hopes will be one of the referendum c
Read moreThursday broker round-up
21st Apr 2016 12:16
(ShareCast News) - Petrofac: Jefferies downgrades to hold with a 855p target. ARM Holdings: Goldman Sachs stays at buy with a 1400p target, Citigroup keeps at neutral with a target price of 1045p and Exane BNP Paribas reiterates outperform with a target of 1300p. Zoopla: Barclays downgrades to equa
Read moreAnglo American production guidance unchanged
21st Apr 2016 09:12
(ShareCast News) - Diversified miner Anglo American reiterated its full-year production guidance on Thursday as it reported lower first-quarter output for diamonds, iron ore and export coal, but higher output in platinum and nickel. Diamond production fell 10% from the first quarter of 2015 to 6.9m
Read moreThursday newspaper round-up: Hedge funds, Anglo, Greece, Tata
21st Apr 2016 07:26
(ShareCast News) - Hedge funds have suffered their worst quarter in seven years after more than $15bn was pulled out by investors starting to fight back against the high fees being charged across the industry. The total amount invested in hedge funds fell to $2.86tn in the first three months of the
Read moreMiners and banks pace gains
20th Apr 2016 16:00
(ShareCast News) - Miners led on the upside throughout much of the session as some brokers weighed in with relatively upbeat assessments of the current market backdrop for the sector and industrial metals prices' continued their push higher. On Wednesday, it was Anglo American's turn at the top of t
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