FTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreSector movers: Miners gain on stronger than forecast Chinese trade numbers
10th Feb 2017 14:48
(ShareCast News) - Metals and Miners' shares bounded higher at the tail-end of the week amid stronger than expected foreign trade data out of China referencing the month of January, together with sharp gains in the price of some bulk metals. Nonetheless, in the case of Dr. Copper note should be t
Read moreAntofagasta churns out strong fourth quarter production and costs
25th Jan 2017 07:28
(ShareCast News) - Chilean copper and gold miner Antofagasta enjoyed a strong fourth quarter performance and kept cash costs for the year below its guided level. The final quarter of 2016 saw copper production 205,500 tonnes, up 13.8% versus the previous quarter to lift production for the full year
Read moreSector movers: Miners pace gains as dollar weakens on Trump
23rd Jan 2017 15:55
(ShareCast News) - Steelmakers and miners found an unexpected ally at the start of the week in the form of a weaker US dollar in the wake of what a fair bit of market commentary appeared to label as a rather protectionist Inauguration Day speech by US President Donald Trump. That drove a haven bid f
Read moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read moreAntofagasta rallies as Citi upgrades stock to 'buy'
23rd Jan 2017 09:25
(ShareCast News) - Antofagasta was on the front foot on Monday after Citigroup upgraded the miner to 'buy' from 'neutral' at a target price of 807p. Citi said Antofagasta is set to benefit from lower taxes as it will not incur withholding tax on dividend distribution from Chile through to the end of
Read moreAntofagasta to exit Alto Maipo hydroelectric power project
20th Jan 2017 07:07
(ShareCast News) - Chilean miner Antofagasta is to exit the Alto Maipo hydroelectric power project, by selling its 40% stake to partner AES Gener, due to an expected overrun of costs. The FTSE 100 company said that following a review it decided that its subsidiary, Minera Los Pelambres, will leave t
Read moreSector movers: Miners higher on HSBC upgrades
16th Jan 2017 14:50
(ShareCast News) - Miners paced gains in the market following multiple upwards target price revisions from analysts at HSBC on LSE-listed copper miners and diversified miners. In the case of the former, the broker's analysts said they had raised their copper price forecast from 2017 onwards by betwe
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreFTSE 100 movers: Centrica rallies while miners in the doldrums
15th Dec 2016 14:49
(ShareCast News) - The FTSE 100 index was up 0.72% to 6,999.01 points in the late afternoon. Bank stocks rose after the Fed raised interest rates 25 basis points and struck a more hawkish tone than expected, signalling three hikes next year. RBS shares gained as a result. Centrica advanced as it pu
Read moreBulk commodities to suffer in early 2017, warns JP Morgan
14th Dec 2016 09:44
(ShareCast News) - Taking a more cautious view of the metals and mining sector into early 2017, JP Morgan Cazenove said it felt bulk commodities such as coal and iron ore would suffer, while precious metals offered scope for recovery. JPM picked through the likely winners and losers in the coming mo
Read moreSector movers: Miners and Big Oil pace losses
29th Nov 2016 16:05
(ShareCast News) - Miners were at the bottom of the pile as commodity futures took a breather following recent sharp gains. As of 1651 GMT, copper futures for delivery in March 2017 were falling 2.42% to $2.6060 a pound on COMEX, although during the previous session LME three-month futures had at on
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreAntofagasta to sell Michilla mine to Haldeman for $52m
28th Nov 2016 07:26
(ShareCast News) - Antofagasta has agreed to sell the Michilla mine to Chilean mining group Haldeman Mining Company for up to $52m following the closure of the mine at the end of last year. The deal includes the open pit mine, the underground mine, the cathode production plant and various mining
Read moreLondon close: Tesco paces gains as sales accelerate
15th Nov 2016 16:40
(ShareCast News) - Stocks in London finished higher as the pound slid back against the dollar after data showed consumer prices unexpectedly dropped in October. The FTSE 100 was up 0.59% to 6,792.74, while the pound was down 0.8% against the greenback at 1.2402 after data from the Office for Nationa
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