Sunday newspaper round-up: Bond crisis, Altria's SAB stake, ITV, Anglo's dividend
20th Sep 2015 16:49
(ShareCast News) - The Bank of England will warn this week of a potentially damaging liquidity crisis in the gigantic market for government and corporate bonds, the Sunday Times said. A six-month investigation into bond markets culminates in a BoE's financial policy committee (FPC) meeting on Wednes
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read morePowerful earthquake shakes Chilean capital, copper prices firm
17th Sep 2015 06:01
(ShareCast News) - Authorities in New Zealand and Hawaii were on alert for a possible tsunami after a powerful tremor shook Chile's capital on Wednesday evening, at 10:54BST. The epicentre of the earthquake, which measured 8.3 on the Richter scale according to the US Geological Survey, was locate
Read moreAnglo American completes Norte sale
14th Sep 2015 08:00
(ShareCast News) - Anglo American has completed the sale of its copper business, Anglo American Norte S.A., to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor. The miner said the sale of the business, which consists of the Mantoverde an
Read moreFTSE 100 movers: Miners and financials drive third successive uptick
9th Sep 2015 14:55
(ShareCast News) - The FTSE 100 index was higher for the third day of the week, led by miners and financials stocks. Diversified miner Anglo American was the leader of the pack with an hour to go on Wednesday as it confirmed the sale of loss-making Rustenberg mining and concentrating operations to S
Read moreAnglo American sells Rustenberg operations to Sibanye Gold
9th Sep 2015 10:16
(ShareCast News) - Anglo American's wholly-owned subsidiary Anglo American Platinum has reached an agreement to sell its loss-making Rustenberg mining and concentrating operations to Sibanye Gold for at least ZAR4.5bn (£0.2bn). The amount will consist of an upfront payment in cash or Sibanye shares
Read moreLondon close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read moreAnglo American in talks with Sibanye over South African operations
4th Sep 2015 12:19
(ShareCast News) - Anglo American said late on Thursday that its South African subsidiary, Anglo American Platinum, is in discussions with Sibanye Gold regarding the sale of its Rustenberg operations. It said the discussions, which may or may not lead to a transaction, are in line with what the comp
Read moreFTSE 100 movers: Hikma nudges up on Goldman upgrade, miners slide
4th Sep 2015 12:06
(ShareCast News) - London's top-flight index was down 2.2% to 6,059.90 at 1515 BST, extending earlier losses following a weaker-than-expected US nonfarm payrolls report. Hikma Pharmaceuticals nudged a little higher after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price t
Read moreCiti cuts forecasts for aluminium and copper, but positive on miners
26th Aug 2015 09:23
(ShareCast News) - The longer-term outlook for miners continues to be highly uncertain but simply attaining "macro stability" should see the sector re-rate upwards, analysts from one of the world´s largest brokers said. Indeed, on Wednesday analysts at Citi cut their price forecasts for most base an
Read moreFTSE 100 movers: Randgold makes late bounce, as constituents all in red
24th Aug 2015 15:27
(ShareCast News) - Every one of the FTSE 100 shares were in the red on Monday, as stock markets all belly flopped the world over, sparked by a dismal finish last week and a bad start from China on Monday morning. After falling more than 5% at one stage, the FTSE pared losses latter in the London
Read moreFTSE 250 movers: N Brown bounces back, Poundland dragged ahead of CMA decision
24th Aug 2015 15:11
(ShareCast News) - The FTSE 250 showed a few green islands of buoyant investor sentiment, compared to the red sea of the FTSE, though the index was well in negative territory on Monday like all its counterparts around the globe. By 1600, London's the mid-cap index was down 3.44% at 16,295.98 points.
Read moreAnglo American sells two Chilean copper mines
24th Aug 2015 09:30
(ShareCast News) - Anglo American has agreed to sell its Mantoverde and Mantos Blancos copper mines in northern Chile to an investor consortium led by Audley Capital Advisors for an up-front cash consideration of $300m. The total consideration payable to Anglo consists of $300m in cash payable at cl
Read moreFTSE 100 movers: Anglo American, BHP lead fallers
18th Aug 2015 14:31
(ShareCast News) - The FTSE 100 was down 23 points, or 0.35%, to 6,527. Shares fell as a rise in inflation heightened the debate on whether the Bank of England would lift rates as early as this year. Inflation rose by just 0.1% in July compared with expectations of a zero reading. On the stock marke
Read moreLondon open: Stocks open flat ahead of UK inflation figures
18th Aug 2015 08:32
(ShareCast News) - London stocks opened flat on Tuesday ahead of the release of UK inflation data which is expected to show a pick-up in growth. Analysts predict consumer prices rose 0.9% in July compared to a year ago, after a 0.8% gain a month ago. While the Bank of England is targeting 2% inflat
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