Anglo American surges as Deutsche and Credit Suisse hail overhaul
17th Feb 2016 11:38
(ShareCast News) - Anglo American surged as Deutsche Bank and Credit Suisse lifted their target prices on the stock following the company's full year results. On Tuesday, Anglo outlined its promised "radical" overhaul as it announced a pre-tax loss of $5.5bn after $3.8bn of write-down since the half
Read moreTuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreBroker tips: Spectris, Anglo American, StanChart
16th Feb 2016 13:41
(ShareCast News) - Investec has placed its rating and price target on Spectris under review after the company reported its full year earnings. The electrical engineering group said statutory full year pre-tax profit fell 17% to £171.1m, although sales rose 3% to £1.19bn at constant exchange rates.
Read moreAnglo American restructuring plan is bold, says Canaccord
16th Feb 2016 12:23
(ShareCast News) - Anglo American's restructuring plan is bolder than previously outlined in December, Canaccord Genuity said, but substantial risks remain. Chief executive Mark Cutifani on Tuesday announced a new focus on diamonds, platinum group metals and copper, with the total target for the dis
Read moreAnglo American reveals restructuring as losses mount
16th Feb 2016 07:03
(ShareCast News) - Anglo American posted a pre-tax loss of $5.5bn after $3.8bn of write-downs since the half year, as it unveiled its promised "radical" overhaul of the business to counter crumbling commodity prices. Chief executive Mark Cutifani announced a new focus on diamonds, platinum and coppe
Read moreAnglo American downgraded by Moody's with negative outlook
15th Feb 2016 17:21
(ShareCast News) - Mining giant Anglo American's credit ratings have been downgraded by Moody's, with a negative outlook. In a note to clients following the close of markets on Monday, the ratings agency said it has downgraded senior unsecured ratings of Anglo American and its subsidiaries to (P)Ba3
Read moreTuesday preview: Anglo American to reveal its radical restructuring plans
15th Feb 2016 16:27
(ShareCast News) - Tuesday will see the US markets reopen after their three day weekend, and closer to home Anglo American is expected to reveal its "radical" restructuring plan. The London and Johannesburg listed miner is also forecast to unveil its biggest ever loss of more than $7bn as crumbling
Read moreSunday newspaper round-up: Bank funding, North Sea oil tax, HSBC, Anglo
14th Feb 2016 17:39
(ShareCast News) - The European Central Bank and its London counterpart have held talks after the Bank of England raised the alarm over the potential threat of a funding crisis in the banking sector. Three senior London bankers have told the Sunday Times that their normal efforts to raise money from
Read moreFriday broker round-up
12th Feb 2016 15:24
(ShareCast News) - Cambian Group: Berenberg downgrades to hold with a target of 60p. Shaftesbury: Credit Suisse upgrades to outperform with a target price of 945p. Acacia Mining: UBS and Deutsche Bank reiterate buy with a target of 275p and 280p respectively. Ashmore: Citigroup stays at buy with a
Read moreFTSE 100 movers: Rolls-Royce leads index higher
12th Feb 2016 14:09
(ShareCast News) - The FTSE 100 was set to end the week having reduced some of its losses, with the index up 108.93 points (1.97%) to 5,645.90. Rolls-Royce Holdings led the charge as it cut its final and next interim dividend by 50% and dismissed the need for a rights issue. Lifting the mood, full
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreFTSE 100 movers: Miners drive market down, led by Antofagasta
9th Feb 2016 14:04
(ShareCast News) - The FTSE 100 sank further on Tuesday, with the blue-chip market down 75.98 points (1.34%) to 5,613.38 by mid-afternoon. Antofagasta led the fallers after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreFTSE 100 movers: Randgold shines after results but ITV slumps on DB note
8th Feb 2016 14:02
(ShareCast News) - London's FTSE 100 was down 1.9% to 5,737.01 at 1420 GMT, tracking broader market losses, although Randgold Resources bucked the trend following well-received results. Shares in ITV fell sharply on Monday as Deutsche Bank said the broadcaster was lagging the rest of the sector, whi
Read moreSunday newspaper round-up: HSBC, Glencore, easyJet
7th Feb 2016 20:18
(ShareCast News) - HSBC's board is expected to come to a decision on the location of its headquarters in the coming days after an unexpectedly long-running review of the future of the British-based bank. Bosses launched the review last year and initially expected to reach a conclusion by the end of
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