UBS downgrades BHP and South32, ups Anglo
11th Oct 2016 08:58
(ShareCast News) - UBS downgraded BHP Billiton to 'neutral' from 'buy' as it took a look at the mining sector, lifting the price target to 1,300p from 1,200p, saying the risk/reward was now balanced after a strong recovery in the share price. It noted the stock is up 63% year-to-date, outperforming
Read moreMonday broker round-up
10th Oct 2016 13:30
(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p. BP: Barclays reiterates overweight, 600p target. Lloyds: Citigroup keeps at sell with a 48p target. Unilever: Jefferies reiterates hold with a 3530p target. Royal Dutch Shell: Barclays keeps at overweight
Read moreSector movers: Miners pace gains after endorsement from BofA
7th Oct 2016 18:10
(ShareCast News) - Steel producers and miners led to the upside following the release of what several economists dubbed as a "solid" US jobs report, receiving an additional lift in the form of a positive research note on the sector out of analysts at Bank of America-Merrill Lynch. As of 1817 BST, De
Read moreBHP Billiton talks up petroleum operations and opportunities
5th Oct 2016 07:46
(ShareCast News) - BHP Billiton briefed investors in London on Tuesday, outlining what it called a "broad range of opportunities" within its petroleum business to grow value, returns and cash flow as markets improve. "Having both minerals and petroleum in our portfolio allows us to maximise the valu
Read moreSector movers: Miners boosted by positive broker views
21st Sep 2016 14:50
(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space. Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases. On Anglo American, the broker
Read moreBHP Billiton board member steps down after 16 years
21st Sep 2016 08:50
(ShareCast News) - BHP Billiton, a Anglo-Australian multinational mining, metals and petroleum company, has announced that the chairman of its Sustainability Committee is stepping down. John Schubert will retire from the board after serving as non-executive director of BHP Limited since June 2000
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreMiners extend rally after bullish Rio Tinto comments on China, copper
20th Sep 2016 10:24
(ShareCast News) - Mining companies extended their recent gains and lifted the market after bullish comments from sector titan Rio Tinto's chief executive about commodity prices and Chinese demand. Talk of an "inflection point" for both commodity prices and the Chinese economy as a whole followed re
Read moreSector movers: Miners and oil service firms pace gains
19th Sep 2016 16:22
(ShareCast News) - Miners were pushed higher by rising prices for metals and positive comments from some top brokers. Contributing to the price action, analysts at Credit Suisse bumped up their 2017 price projections for thermal and coking coal, from $55 and $94 per tonne to $60 and $119, respective
Read moreCommodities: Crude futures give back previous session's gains, coal jumps
9th Sep 2016 19:31
(ShareCast News) - The commodity complex was almost uniformly awash in red as traders reassessed the latest US oil inventory data and the greenback gained amid as expectations for tightening by the US central bank moved moderately higher again. Front month West Texas Intermediate crude oil futures w
Read moreWoodside Petroleum buys half of BHP´s Australian offshore LNG assets
5th Sep 2016 08:46
(ShareCast News) - Woodside Petroleum picked up half of BHP Billiton´s stake in the Scarborough natural gas field offshore Western Australia. Perth, Australia-based Woodside acquired a 25% interest in offshore permit WA-1-R and a 50% interest in WA-62-R which together contained the Scarborough area
Read moreFTSE 100 movers: Miners dive as banks, insurers progress
31st Aug 2016 16:25
(ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead. Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both f
Read moreBHP report into Samarco disaster blames flaws in dam design
30th Aug 2016 07:14
(ShareCast News) - The Samarco dam disaster at a mine part-owned by BHP Billiton in Brazil last year that killed 19 people was caused by construction and design flaws , according to a review conducted by a panel of experts. The, report commissioned by BHP, said problems at the dam made it more unsta
Read moreTuesday newspaper round-up: CBI, Deloitte, BHP Billiton
30th Aug 2016 06:47
(ShareCast News) - Poland has become the latest European country to woo some of Britain's biggest banksin the wake of the Brexit vote with a charm offensive in London this week to lure City institutions to Warsaw. The Polish deputy prime minister will arrive on Thursday armed with a package of incen
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