Sector movers: Mining, Big Oil race to the top
26th Aug 2016 17:53
(ShareCast News) - Mining raced to the top of the leaderboard on Friday, boosted by an initial burst of volatility in global capital markets after Yellen's speech that saw the US dollar dip and commodity prices gain. Nevertheless, just after the closing bell in London rang US short-term rates change
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreBroker tips: BHP Billiton, Petra Diamonds, Tullet Prebon
23rd Aug 2016 14:50
(ShareCast News) - Jefferies upped its recommendation on BHP Billiton to 'buy' from 'hold' as it took a look at the metals and mining sector. The bank said it had been cautious on miners due to weak demand, ongoing supply growth, stretched balance sheets, and a lack of free cash flow for most mining
Read moreTuesday broker round-up
23rd Aug 2016 09:19
(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps
Read moreJefferies ups BHP Billiton to 'buy', says mining sector fundamentals have improved
23rd Aug 2016 08:25
(ShareCast News) - Jefferies upped its recommendation on BHP Billiton to 'buy' from 'hold' as it took a look at the metals and mining sector. The bank said it had been cautious on miners due to weak demand, ongoing supply growth, stretched balance sheets, and a lack of free cash flow for most mining
Read moreMonday broker round-up
22nd Aug 2016 09:09
(ShareCast News) - William Hill: Barclays reiterates overweight with a target price of 340p. Anglo American: JP Morgan maintains overweight with a 1100p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Admiral Group: Berenberg reiterates underweight with a 1746p target. Eas
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreFriday broker round-up
19th Aug 2016 12:07
(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps
Read moreWednesday broker round-up
17th Aug 2016 21:35
(ShareCast News) - Polypipe: Berenberg maintains buy with a 360p target. Vodafone: Jefferies reiterates buy with a 260p target. Standard Chartered: HSBC downgrades to hold with a 650p target. Prudential: Goldman Sachs keeps at buy with a target price of 1750p. WPP: Berenberg reiterates hold with
Read moreBHP Billiton posts record loss for the year
16th Aug 2016 07:36
(ShareCast News) - Miner BHP Billiton reported a record loss in the year to the end of June as weaker commodity prices, writedowns and the dam disaster in Brazil took their toll. The company posted a loss of $6.4bn from a profit of $1.91bn the year before. Analysts at UBS had been expecting a full-y
Read moreTuesday preview: UK and US inflation data, BHP Billiton finals
15th Aug 2016 12:25
(ShareCast News) - The pace is set to pick up on Tuesday following a quiet start to the week, with the release of UK and US inflation data and BHP Billiton's full year results. The first reading on UK inflation since Britain voted to leave the European Union will be released by the Office for Nation
Read moreSector movers: Oil-related sectors retreat as Aerospace & Defence flies
28th Jul 2016 16:42
(ShareCast News) - FTSE indices were mixed heading towards the closing bell on Thursday, with the blue-chip index helped south by oil stocks undermined by crude's weakness and Royal Dutch Shell's second-quarter shocker. "An unsurprisingly indecisive session in Europe has seen the likes of the FTSE l
Read moreFTSE 100 movers: Property stocks rally, miners slide
20th Jul 2016 16:42
(ShareCast News) - The FTSE 100 gained 0.47% to 6,728.99 points at the close, buoyed by a rally in real estate and housebuilder stocks. Real estate investors and housebuilders, including Land Securities and Persimmon, a day after a report by the Centre for Economics and Business Research (Cebr) cons
Read moreMacquarie expresses preference for Rio Tinto over BHP after Q2 production update
20th Jul 2016 11:04
(ShareCast News) - Analysts at Macquarie reiterated their 'outperform' stance on shares of Rio Tinto following the mining group´s second quarter calendar year production update. They also reiterated their preference for the miner´s shares over those of rival BHP Billiton. Overall, the update was mi
Read moreBHP Billiton production mostly down
20th Jul 2016 07:27
(ShareCast News) - Miner BHP Billiton posted its operational review for the year to 30 June on Wednesday, confirming it exceeded full-year production guidance for petroleum, copper and metallurgical coal, and achieved record full-year production at Western Australia Iron Ore. The FTSE 100 firm said
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