Wednesday broker round-up
20th Apr 2016 15:54
(ShareCast News) - Zoopla: Exane BNP Paribas reiterates neutral with a target price of 270p and Canaccord upgrades to buy with a 330p target. Ashmore: Barclays stays at underweight with a 250p target, Societe Generale downgrades to hold with a target price of 295p and Exane BNP Paribas downgrades to
Read moreInvestec boosts target prices, bias towards miners
20th Apr 2016 13:47
(ShareCast News) - The slight improvement in China's fundamentals did not justify in miners' equity prices, Investec said, but recent events surrounding the sector nevertheless prompted the broker's analysts to boost their target prices for many of the companies under their coverage and to move to a
Read moreSector movers: Miners surge, steel demand strong survey says
19th Apr 2016 17:31
(ShareCast News) - Shares in miners surged again as sentiment towards the sector continued to thaw on Tuesday, amid more bullish views from some strategists in the previous session and a soft US dollar. That sent a pan-European gauge of stocks in the sector, the DJ Stoxx 600's Basic Resource sub-ind
Read moreSector movers: Miners lead gains
18th Apr 2016 16:08
(ShareCast News) - Shares in miners paced gains as the prices of several key industrial metals bounced back and a leading commodities strategist said that for the first time in three years probabilities around a base-case were shifting to the 'bullish' rather than the 'bearish' side. "Commodity mark
Read moreLondon close: Stocks recover as oil prices waver after Doha meeting
18th Apr 2016 16:06
(ShareCast News) - The FTSE 100 ended higher on Monday, recovering from earlier declines as crude oil futures bounced back from the steep losses seen at the start of trading. Oil prices were under pressure throughout most of the session after members and non-members of the Organization of the Petrol
Read moreFTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
15th Apr 2016 15:23
(ShareCast News) - The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets. SABMiller was among the leaders, after fellow brewing conglomerate Anheuser-Busch InBev agreed to create a ZAR 1bn
Read moreSector movers: Basic resource, bank stocks surge
13th Apr 2016 19:58
(ShareCast News) - A surge in basic resources and bank shares gave equity benchmarks around the world a leg up on Wednesday, following data out of the People's Republic of China which showed exports rising at their fastest pace in over a year. The DJ Stoxx 600 gauge of basic resource sector shares l
Read moreAnglo American may sell Brazilian phosphate assets to Vale, reports say
12th Apr 2016 10:35
(ShareCast News) - Anglo American could have found a buyer willing to pay around $1bn for its niobium and phosphates business in Brazil, according to reports late on Tuesday. Brazilian mining giant Vale was said to be working with American private equity firm Apollo on a deal, according to sources c
Read moreTuesday newspaper share tips: Sports Direct, Anglo American
5th Apr 2016 15:34
(ShareCast News) - Shares in Sports Direct look cheap; indeed, founder Mike Ashley might one day even be tempted to take it private, but for now they're best avoided, The Times's Tempus said. The company is an odd one, what with its colourful deputy chairman and founder Ashley's brief, impromptu and
Read moreTuesday broker round-up
5th Apr 2016 15:09
(ShareCast News) - Royal Mail: Investec reiterates buy with a target price of 580p. Gooch Housego: Investec reiterates buy, 1020p target and Finncap keeps at hold. Glencore: Exane BNP Paribas maintains outperform with a target price of 165p. Babcock: JP Morgan reiterates overweight with a targe
Read moreFTSE 100 movers: Anglo American up on mine sale, Mondi shunned
4th Apr 2016 14:08
(ShareCast News) - The FTSE 100 remained just above the waterline in afternoon trading, though it had pared back gains it made in the morning as investors digested fresh data showing continued expansion in UK construction activity in March. Miner Anglo American was one of the leading risers after it
Read moreAnglo American agrees disposal of Foxleigh coal mine
4th Apr 2016 07:38
(ShareCast News) - Anglo American announced on Monday morning it had entered into a sale and purchase agreement to offload its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia. The FTSE 100 company said the agreement was with a consortium led by Taurus Fund Management.
Read moreThursday broker round-up
31st Mar 2016 13:40
(ShareCast News) - Royal Mail: Jefferies reiterates underperform with a target price of 400p. Hilton Food Group: Numis reiterates buy, 630p target, Panmure Gordon stays at buy with a target price of 625p and Shore keeps at buy. Michael Page: Goldman Sachs maintains buy with a target price of 620p.
Read moreSector movers: Miners buried under by rising US dollar
23rd Mar 2016 15:43
(ShareCast News) - Miners sank to the bottom of the pile on Wednesday continued more hawkish Fedspeak weighed on commodity prices amid lower than usual trading volumes ahead of Easter. Bloomberg's Commodity index had retreating 1.81% to 160.85 as of 18:18GMT, while the US dollar spot index moved cau
Read moreAnglo American, Aquarius get South African approval for platinum disposals
17th Mar 2016 09:11
(ShareCast News) - Anglo American's platinum subsidiary and Aquarius Platinum have received regulatory approval to sell certain mining assets. South Africa's competition tribunal has approved the acquisition of Anglo American Platinum's Rustenburg platinum mines (RPM) and Aquarius Platinum's its own
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