Sector movers: Drop in bond yields sees interest rate-sensitive names gain
8th Feb 2017 15:08
(ShareCast News) - Homebuilders and food processors were again at the top of the leaderboard on Wednesday, alongside interest rate-sensitive issues such as telecoms outfit Vodafone and utilities. Banks on the other hand retreated precisely due to the fall in benchmark Gilt yields. To take note of i
Read moreFTSE 100 movers: Mining shares slide, housebuilders rally
8th Feb 2017 14:57
(ShareCast News) - The FTSE 100 fell 0.41% to 7,156.95 points in Wednesday afternoon trade, led by mining shares. BHP Billiton was the top faller following reports workers at its Escondida copper mine in Chile vowed to start an indefinite strike on Thursday after the miner failed to produce an agree
Read moreCopper futures jump on reports strike at BHP's Escondida to begin Thursday
8th Feb 2017 10:52
(ShareCast News) - Copper futures jumped early on Wednesday morning amid news that talks between BHP Billiton and workers at its Escondida mine had broken down. According to reports, that opened the way for industrial action of indefinite length starting on 9 February. As of 1025 GMT three-month co
Read moreCredit Suisse sees potential for copper to outperform, likes Glencore
6th Feb 2017 09:33
(ShareCast News) - Credit Suisse projected slowing copper supply growth over the medium-term following the latest quarterly production updates and guidance from the miners under its coverage, leading its analysts to single out Quantum Minerals, Lundin, Boliden and Glencore as its preferred names. Su
Read moreCommodities: Dakota Access line set for approval
1st Feb 2017 17:30
(ShareCast News) - Gains for energy and agriculture futures buoyed the commodity complex even in the face of a rebounding US dollar. West Texas Intermediate crude oil futures were slightly higher but off their best levels of the session following a bumper weekly US oil inventory report and as news b
Read moreBHP Billiton's shares fall as Deutsche Bank cuts target price
26th Jan 2017 10:47
(ShareCast News) - BHP Billiton's shares fell on Thursday as Deutsche Bank reiterated a 'hold' rating and cut the target price to 1,390 from 1,410p, following the group's half year operational review. The miner on Wednesday said copper production fell 7% to 357,000 tonnes in the December quarter, re
Read moreIron ore the silver lining of depressed BHP Billiton production
25th Jan 2017 07:12
(ShareCast News) - Mining giant BHP Billiton posted its operational review for the half year to 31 December on Wednesday, with record production achieved at Western Australia Iron Ore, and total iron ore production of 118 Mt - a 4% rise year-on-year. The FTSE 100 company also saw an increase in meta
Read moreFriday broker round-up
20th Jan 2017 09:51
(ShareCast News) - Whitbread: Barclays upgrades to Equal Weight with target price of 4150p. Inmarsat: Deutsche Bank reiterates Buy with a target price of 1020p. Halfords Group: HSBC reiterates Buy with a target price of 415p. Pets at Home: HSBC downgrades to Hold with a target price of 230p. Nati
Read moreBHP Billiton to settle $47bn Brazilian civil claim
19th Jan 2017 07:16
(ShareCast News) - Anglo-Australian miner BHP Billiton and its Brazilian iron-ore joint venture with Vale SA, Samarco Mineracao, have set a 30 June deadline with federal prosecutors in Brazil to settle a $47.5bn claim related to a dam failure in November 2015 which killed 19 people. BHP Billiton, Va
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 moreHSBC lifts target prices on diversified miners
16th Jan 2017 13:54
(ShareCast News) - HSBC revised its target prices higher for the largest of the diversified miners, telling clients it now expected a decline in commodity prices to be less pronounced that it had previously foreseen. Furthermore, China's decision to reduce its output of coal was now projected to hav
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 jump, banks not far behind
7th Dec 2016 15:42
(ShareCast News) - Miners were higher, boosted by news that Chinese authorities would reduce polluting steel-scrap processing in 2017 and ahead of options declarations on the LME, on Wednesday. The news out of China pushed steel rebar futures up from $489.4 per tonne to $495.00 in Shanghai. Spot ir
Read moreWednesday broker round-up
7th Dec 2016 13:36
(ShareCast News) - BHP Billition: HSBC reiterates hold with a target price of 1200p. Bunzl: Goldman Sachs reiterates neutral, 2200p target. Bellway: JP Morgan reiterates overweight with a 2950p target. Aviva: RBC reiterates outperform with a 500p target. IG: Barclays stays at overweight with a 95
Read moreCredit Suisse shifts preference to Rio Tinto from BHP Billiton
7th Dec 2016 08:59
(ShareCast News) - Credit Suisse upgraded Rio Tinto to 'outperform' from 'neutral' and raised its price target to 3600p from 2750p, while simultaneously bumping down BHP Billiton to 'neutral' from 'outperform' with its price target raised to 1380p from 1300p. Looking into 2017, the bank have switche
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