Tuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreBroker snap: Credit Suisse cuts EPS forecasts for Metals&Mining
12th Oct 2012 13:18
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
Read moreBroker tips: Burberry, Aquarius, Cookson
8th Oct 2012 10:37
Seymour Pierce has reiterated its 'hold' rating and 1,200p target price for luxury brand Burberry ahead of the group's pre-close trading update for the second quarter on Thursday. "While other luxury players have also spoken about a slowdown, there is concern from some quarters that there is a bra
Read moreBroker snap: CEO departure presents challenge for Aquarius, says Pamure
8th Oct 2012 10:09
Panmure Gordon has retained its 'buy' rating and 163p target price for FTSE 250 mining group Aquarius Platinum (AQP), but says that Monday's change in leadership presents a 'further challenge for the company already facing difficult market conditions'. The company has announced that Stuart Murray h
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreAquarius Platinum waves goodbye to CEO
8th Oct 2012 07:12
Stuart Murray, the long-running Chief Executive Officer (CEO) of Aquarius Platinum (AQP), resigned from the board on Friday, the company has announced. Murray, who is also the Chairman of principal subsidiary Aquarius Platinum South Africa (AQPSA), has terminated his directorships in all other grou
Read moreFTSE 250 movers: PZ Cussons rises on confident outlook
19th Sep 2012 15:46
Imperial Leather soap maker PZ Cussons was wanted after a well-received trading update. The group said it is confident of a return to profitable growth this financial year, though conditions remain difficult in its core market of Nigeria and challenging elsewhere. Striking workers at Lonmin's Mari
Read moreFTSE 250 movers: Lonmin rises despite counting cost of stikes
17th Sep 2012 14:35
Global platinum powerhouse Lonmin was up despite revealing that the strikes at its mines in South Africa have reduced full year production expectations and increased unit costs as violence continues. On the other hand, the most recent reports indicate that at least some of its workers are now ready
Read moreLondon midday: China worries weigh
17th Sep 2012 11:47
China is weighing on UK investors' minds as speculation mounts that the Chinese authorities might not spring into action to juice up the world's second largest economy as quickly as previously thought. Adding weight to that view is the decision by economists at Citigroup to cut their forecast for
Read moreRustenburg mines crank back into action after police crackdown
17th Sep 2012 10:38
Mining operations have, as expected, resumed at Aquarius Platinum's Kroondal platinum mine, located near Rustenburg in South Africa, where tensions have been running high as a result of violent labour disputes. Aquarius temporarily suspended mining operations on the afternoon of Friday, 14th Septem
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreFTSE 250 movers: Miners leap on QE3 decision
14th Sep 2012 15:53
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement, with investors hopeful that an improved US economy will boost the demand for commodities. Aquarius Platinum, Ferrexpo, Talvivaara, Lonmin and Centamin were all firmly higher
Read moreAquarius halts mining at Kroondal
14th Sep 2012 15:31
Platinum miner Aquarius Platinum has temporarily suspended operations at its Kroondal platinum mine in South Africa to ensure the safety of its staff, as tensions rise in the region. "Our decision to suspend mining operations has been taken to ensure the safety and security of our employees and our
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
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