FTSE 250 movers: Lonmin leads miners higher
6th Sep 2012 15:51
South Africa-focused platinum miner Lonmin rose strongly on Thursday on reports that it has reached a 'peace accord' with its striking miners following a wave of protests over the last few weeks. ?? The mining sector as a whole was firmly higher today on hopes over the global economy after the Euro
Read moreLondon pre-open: SA President characterises Lonmin actions as insensitive
22nd Aug 2012 07:33
City sources predict the FTSE 100 will open down 37 points from yesterday's close of 5,858, tracking losses in Asia and the US as investors focus on technical factors amid a general lack of direction. To be had in account nonetheless, US PC maker Dell fell 5% in after-hours trading following the r
Read moreRSA director ditches shares
21st Aug 2012 16:19
Timothy Mitchell, the Group Underwriting and Claims Director of RSA Insurance Group, has sold 77,500 shares a few weeks after the firm posted a significant decline in profits. Mitchell traded in the shares for 113.48p each, earning himself a total of £87,947. At the beginning of the month the fi
Read moreThursday broker round-up
9th Aug 2012 08:14
AMEC: Shore Capital downgrades to hold. Anglo American: Nomura cuts target from 2,500p to 2,200p, neutral rating kept. Aquarius Platinum: Nomura initiates with neutral rating and 35p target. BBA Aviation: Jefferies cuts target from 250p to 230p, buy rating kept. BTG: finnCap downgrades to sell.
Read moreLondon close: Stocks finish higher after late rally
8th Aug 2012 16:45
After an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
Read moreFTSE 250 movers: Ex-divi Greene King is biggest faller
8th Aug 2012 15:53
Greene King was a big faller after going ex-dividend, meaning investors no longer have the right to the group's latest dividend. Recent updates from Aquarius Platinum have been increasingly gloomy about the difficulties of operating in South Africa so it was no surprise when the platinum miner ann
Read moreAquarius battens down hatches
8th Aug 2012 14:58
There's an old joke about an Irishman being asked for directions, and he replies: 'Well, I wouldn't start from here.' You get the impression from Aquarius Platinum that, given its time over again, it would not choose to conduct its business in South Africa. In the last year the group has had to mot
Read moreLondon midday: Sentiment dampened by BoE and Greece
8th Aug 2012 11:46
- ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast The Footsie remained firmly in the red on Wednesday morning as optimism earlier this week about the situation in Europe began to fade, particularly as Greece's credit rating outlook was lowered by Standard
Read moreLondon pre-open: Falls expected ahead of inflation report
8th Aug 2012 07:34
City sources predict the FTSE 100 will open down 35 points from yesterday's close of 5,841, putting an end to a two-week rally, although some analysts believe the falls could be short-lived after comments made yesterday by Boston Fed Bank President Eric Rosengren, who said he believes the central ba
Read moreAquarius slides into the red
8th Aug 2012 07:30
Recent updates from Aquarius Platinum have been increasingly gloomy about the difficulties of operating in South Africa so it was no surprise when the platinum miner announced it had fallen into the red. Loss before tax in the 12 months to the end of June was $189.0m versus a profit of $25.4m the y
Read moreWeek Ahead: Capital return expected at IHG
3rd Aug 2012 09:57
Holiday Inns owner InterContinental Hotels (IHG) hit the headlines late last month after a probe by the Office of Fair Trading investigation raised concerns about the group's relations with two online travel agents. Tuesday's interim results from IHG should bring happier news, with broker Jefferie
Read moreLondon close: Stocks higher despite remarks from German minister
1st Aug 2012 16:30
UK investors were in the mood to accentuate the positive on Wednesday, focusing on some solid trading updates and shrugging off disappointing manufacturing data. UK manufacturing production fell at its fastest pace in over two years in July, recording substantial declines in output and new orders.
Read moreAquarius suspends Kwezi ops after armed attack
1st Aug 2012 16:29
Aquarius Platinum has reported that a 'very serious security incident' occurred early on Wednesday afternoon at its Kwezi shaft, a production unit at Kroondal, near to Rustenburg in the North West Province, leaving three dead and at least 20 injured. Operations at Kwezi shaft were immediately susp
Read moreLondon close: Footsie drops two per cent on Eurozone fears
23rd Jul 2012 17:17
- Footsie near one-month low - Spanish regions ask for aid; bond yields surge - Evraz leads the Footsie lower Indices across Europe and the US tanked on Monday, with the FTSE 100 finishing near a one-month low, as Eurozone debt concerns spread fear across equity markets. The Footsie dropped 2.09%
Read moreFTSE 250 movers: Dialight rises on profits
23rd Jul 2012 15:23
LED lighting group Dialight was a rare high riser after seeing revenues climb 18.2 per cent and operating profits rise 21 per cent in the half year ended June 30th. ??In contrast, mining stocks were firmly lower, in line with their FTSE 100 counterparts, with Aquarius Platinum among the fallers af
Read more