FTSE 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
Read moreSector movers: Grocers gain on survey data, miners fall amid profit-taking
15th Nov 2016 16:39
(ShareCast News) - Food and drug retailers paced gains on the market, with Tesco leading the way a day before its Capital Markets Day. Sales at the grocer continued to accelerate, rising by 2.2% over the 12 weeks to 6 November, their best showing in three years, according to Kantar Worldpanel. "Muc
Read moreMacquarie raises copper price forecasts, boosts target prices for miners
15th Nov 2016 12:15
(ShareCast News) - Analysts at Macquarie hiked their target prices for a raft of miners due to the "acute" sensitivity of the pure copper plays and the majors to the price of that metal. In a previous note, published on 11 November, the Australian broker had upped its 2017 to 2020 price forecasts fo
Read moreSector movers: Miners, US election-related plays lead gains
9th Nov 2016 15:17
(ShareCast News) - Steel and mining stocks led gains for another session, amid widespread gains for most base metals and coal, helped by an initial bout of weakness in the US dollar. As of 1650 GMT, the US dollar was trading higher by 0.47% to 98.32 points after having earlier hit an intra-day low a
Read moreSector movers: Steel and mining stocks rise as futures surge
7th Nov 2016 15:50
(ShareCast News) - Steel and mining stocks paced gains as key commodity futures surged at the start of the week. On 4 November, the local government of China's largest steel city, Tangshan, issued an urgent notice ordering all coking and sintering plants, together with blast furnaces, to halt produc
Read moreMonday broker round-up
7th Nov 2016 11:39
(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with
Read morePeel Hunt downgrades Kaz Minerals to 'hold'
2nd Nov 2016 10:51
(ShareCast News) - Peel Hunt downgraded Kaz Minerals to 'hold' from 'add' after its third-quarter production report but upped the price target to 275p from 200p as it took a look at the copper sector. It noted the shares are up 30% in the last month and 180% in the year to date. "While Kaz Minerals
Read moreBroker tips: IAG, Antofagasta, Ryanair
27th Oct 2016 15:42
(ShareCast News) - Societe Generale downgraded its stance on British Airways and Iberia parent International Consolidated Airlines to 'hold' from 'buy' and cut the price target to 420p from 500p. The bank said that while IAG has built a strong track record over recent years, over-delivering on cost-
Read moreThursday broker round-up
27th Oct 2016 12:29
(ShareCast News) - Debenhams: JP Morgan keeps at underweight with a target price of 54p. AA: Berenberg stays at buy, 315p target. National Express: RBC reiterates outperform with a 405p target. LLoyds: UBS reiterates buy with a 67p target. GlaxoSmithKline: Credit Suisse reiterates neutral with a
Read moreUBS upgrades Antofagasta after sharp share price falls
27th Oct 2016 09:34
(ShareCast News) - UBS upgraded Antofagasta, a Chilean copper mining company, from 'sell' to 'neutral' even after the company released a weaker than expected production target for fiscal year 2017, albeit at the same time lowering the price target from 520p to 500p. "After the release of weaker than
Read moreFTSE 100 movers: Miners and oilers weigh while IAG climbs
26th Oct 2016 14:14
(ShareCast News) - Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance. The blue chip index was falling increasingly sharply as the day wore on, down 1.4% by mid afternoon, with Antofagasta's 6.
Read moreAntofagasta expects FY copper production to meet lower end of guidance
26th Oct 2016 07:37
(ShareCast News) - Chilean copper and gold miner Antofagasta's third quarter production increased but it expects copper production to be close to the lower end of the original guided range in 2017. Copper production in the third quarter increased 8.7% to 180,600 tonnes, compared to the second quarte
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
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