Investec downgrades BHP Billiton, Anglo American, Ferrexpo
20th Jan 2016 09:08
(ShareCast News) - Investec cuts its ratings on BHP Billiton, Ferrexpo and Anglo American and slashed its price targets, as it took a look at the mining sector, downgrading its commodity price forecasts. "Current market conditions represent the perfect storm for commodities given that demand is fall
Read moreAnglo American agrees to sell Callide coal mine
20th Jan 2016 08:12
(ShareCast News) - Anglo American has agreed to sell its 100% interest in the Callide thermal coal mine in Queensland, Australia, to Batchfire Resources for an undisclosed sum. The company said the transaction, which is subject to several conditions, will be effected via a sale of shares in the subs
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreLiberum removes Anglo from 'conviction sell' list; adds Burberry, Taylor Wimpey
19th Jan 2016 13:58
(ShareCast News) - Liberum removed Anglo American from its 'conviction sell' list on Tuesday as it revised its conviction buys and sells for 2016. The brokerage noted the shares have tumbled 85% since it added the miner to its conviction sell list back in May 2014. It said the value of the business
Read moreFTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
Read moreFTSE 100 movers: Sports Direct falls as shareholder's concerns laid out
18th Jan 2016 14:06
(ShareCast News) - The FTSE 100 was in a slow decline by mid-afternoon Monday, down 27.76 points (0.48%) to 5,776.34. Sports Direct was the biggest faller after one of the retailer's major investors voiced its concerns about its relationship with Nike as well as its website offering. In comments pu
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreFTSE 100 movers: China confidence boosts miners
13th Jan 2016 14:05
(ShareCast News) - The FTSE 100 was in the black again on Wednesday, up 73.00 points (1.23%) by mid-afternoon to 6,002.24. Miners led the way as confidence was restored somewhat in China, the world's largest commodities importer after data showed China's trade surplus rose more than expected. It wi
Read moreMiners might put in a better showing as the year progresses, Citi says
13th Jan 2016 09:07
(ShareCast News) - Shares of miners may perform better as the year progresses driven mainly by improvements in their balance sheets and cash flows, whereas markets appeared to be most worried at present with their spot earnings, Citi said on Wednesday. A regression analysis carried out by the analys
Read moreBarclays lowers targets on miners; Anglo American and Randgold spared
12th Jan 2016 13:40
(ShareCast News) - The bad times for the mining sector were likely to continue, despite a tough last five years, which saw the worst performance for it since 1966, analysts at Barclays said. With the Chinese economy stagnating and purchasing managers' indices already beginning to roll over elsewhere
Read moreFTSE 100 movers: Tesco surges on rival's unexpected positive results
12th Jan 2016 13:32
(ShareCast News) - The FTSE 100 continued to recover some of its losses from the start of the year, rising 107.03 points (1.82%) to 5,978.86 by mid-afternoon Tuesday. Tesco led the risers ahead of its Christmas and third quarter trading update out on Thursday, following an unexpectedly solid Christm
Read moreAnglo American finally completes exit from Tarmac
12th Jan 2016 13:04
(ShareCast News) - Anglo American has finally completed the exit from its Tarmac joint venture, with the sale of assets in the Middle East to a subsidiary of French engineering and construction group Bouygues. The lengthy sale process began after the FTSE 100 miner sold off its 50% ownership interes
Read moreFTSE 100 movers: Anglo surges on report Brazil business sale process underway
11th Jan 2016 14:13
(ShareCast News) - The FTSE 100 continued to bounce around on Monday, with the market up 6.36 points (0.11%) to 5,918.80 points by mid-afternoon. On a day of lacklustre metals trading, with key commodities down halfway through the afternoon session, investors took to heart news that Anglo American i
Read moreSunday newspaper round-up: BT, Shire, Sainsbury's, Laird
10th Jan 2016 16:15
(ShareCast News) - A handful of much-anticipated deals could be announced in the coming week, according to the Sunday newspapers, including BT's acquisition of EE, Shire's takeover of Baxalta and Sainsbury's follow up offer for Home Retail. BT's acquisition of mobile phone network EE will be given f
Read moreDirector dealings: Mercantile Investment Trust non-exec buys in
7th Jan 2016 15:22
(ShareCast News) - Angus Lennox, a non-executive director of JP Morgan-managed Mercantile Investment Trust, has invested £90,150 of his cash in the grand old dame of the UK trust sector. Former Cazenove investment banker and then a managing director of the investment arm once JP Morgan took over, Le
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