Citigroup turns bullish on Western European miners
5th Dec 2016 11:12
(ShareCast News) - Citigroup adjusted its ratings on a number of mining stocks on Monday as it upgraded its view on the Western European metals and mining sector to 'bullish' from 'bearish'. The bank said it now sees a more robust outlook for next year for the commodity complex, especially the bulks
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 moreLondon open: GDP data in focus
25th Nov 2016 08:22
(ShareCast News) - Stocks in London were trading slightly higher ahead of the release of revised UK GDP data, with trading volumes expected to be light again as US markets will only be open for a half day. As of 0837 GMT the top flight index was edging higher by 0.01% to 6,830.16, despite a small do
Read moreLondon close: Miners propel FTSE 100 higher as industrial metals surge
22nd Nov 2016 16:34
(ShareCast News) - London equities ended Tuesday on a sharply higher note with major miners storming ahead in tandem with soaring industrial metals prices, and followed by a string of banks and insurers. US interest rate-touch utilities were firmly higher, too. FTSE 100 closed the session up 0.62%
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 moreBroker tips: Bovis Homes, Aldermore, miners
10th Nov 2016 14:35
(ShareCast News) - Numis reiterated an 'add' rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update. The company said it expects to deliver record revenues in 2016 as the backdrop for UK housebuilding continues to be positive, with dem
Read moreFTSE-listed miners boosted by HSBC note
10th Nov 2016 09:15
(ShareCast News) - Shares in Rio Tinto and Glencore gained on Thursday as HSBC initiated its coverage of the mining stocks with a 'buy' rating. HSBC said Rio's assets are positioned mainly in the developed world and hence less risky, while Glencore's are more evenly spread across the globe. BHP Bil
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 moreSector movers: Macquarie delivers boost for miners
31st Oct 2016 14:32
(ShareCast News) - Media and mining stocks paced gains at the start of the week. Advertising colossus WPP reported that quarterly revenues grew 23.4%, with over 15 percentage points of that growth rate coming from currency translation effects as the pound weakened. Indeed, LFL net sales growth was
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 moreBHP Billiton chairman announces retirment
20th Oct 2016 12:36
(ShareCast News) - BHP Billiton chairman Jac Nasser has announced his retirement from the board of the mining giant, which he delayed due to the Samarco dam disaster in Brazil. Speaking at the FTSE 100 group's annual shareholder meeting, which saw protests by Brazilians hit by the fatal disaster, Na
Read moreProduction down but guidance unchanged at BHP Billiton
19th Oct 2016 07:10
(ShareCast News) - BHP Billiton posted its operational review for the three months to 30 September on Wednesday, with all of its production and unit cost guidance remaining unchanged for the 2017 financial year - though guidance for the Olympic Dam was under review after a state-wide power outage in
Read moreSunday newspaper round-up: Falling growth forecast, inflation, William Hill, BHP
16th Oct 2016 16:59
(ShareCast News) - The apparent recent success of the UK economy post Brexit is "deceptive" and the UK's economic growth will slump to just 0.8% next year, according to the respected EY Item Club. The falling pound is helping exporters, but is already seeing the beginning of surging inflation, which
Read moreTuesday broker round-up
11th Oct 2016 14:54
(ShareCast News) - Easyjet: Deutsche Bank keeps at hold with a target price of 1000p. BP: HSBC reiterates buy, 570p target. Petrofac: Credit Suisse keeps at outperform with a 1100p target. British American Tobacco: Jefferies reiterates buy with a 6000p target. Royal Dutch Shell: HSBC keeps at bu
Read moreBroker tips: Jupiter Fund, McCarthy & Stone, miners
11th Oct 2016 10:52
(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow
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