Miners and tech lead gains
15th Jun 2016 18:54
(ShareCast News) - A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher. Adding to the positive sentiment, data published overnight in China revealed stable lending dynamics across the country in May, although the figures also pointed towards a
Read moreBroker tips: Johnson Matthey, BHP Billiton, Spectris
13th Jun 2016 16:24
(ShareCast News) - Johnson Matthey's rating was downgraded to 'hold' from 'add' but its target price was raised to 3,138p by Numis after the company reported its full year results. The speciality chemicals and sustainable technologies group last Thursday reported a 5% decrease in full year pre-tax p
Read moreCredit Suisse rates BHP Billiton 'outperform' with 1050p target price
13th Jun 2016 13:25
(ShareCast News) - BHP Billiton has been rated as 'outperform' with a target price of 1050p by Credit Suisse as it said the company's investment case still holds after the Samarco disaster. "BHP Billiton's oil business is setting it apart from the sector peer group and the company recently outlined
Read moreBHP, Glencore bidding for Anglo's Australian coal assets - report
7th Jun 2016 16:40
(ShareCast News) - Mining titans BHP Billiton and Glencore number among the final bidders for Anglo American's Australian metallurgical coal assets that may fetch about $1.5bn, according to a report. Bloomberg, citing several sources with knowledge of the matter, also reported that Anemka Resources,
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreFinancials, big oil, miners pace gains in London
25th May 2016 21:00
(ShareCast News) - Financials and big oil continued to power ahead at the middle of the week as the threat from two of the market´s most recent bugbears appeared to receed a little. On Wednesday, Athens managed to clinch a deal to relieve the government´s lack of financial liquidity, while in the UK
Read moreGrocers and miners lead gains
13th May 2016 20:22
(ShareCast News) - Miners and grocers led gains on the market as the selling pressure on two of the past week's worst performers eased a bit. Gains in the former were particularly noteworthy, coming as they did in the face of an across-the-board retreat in commodity prices, in part as the US dollar
Read moreFTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
Read moreIndustrial commodity prices headed lower, analysts say
10th May 2016 10:29
(ShareCast News) - Bulk commodity prices might be set to continue to head lower, analysts at Citi and Credit Suisse said. Concerns surrounding China had emerged again, analyst David B.Wilson said in a research note sent to clients. A boost to the country's manufacturing sector had come with a price
Read moreBasic resource shares pumelled, Canadian wildfire blaze slows advance
9th May 2016 19:03
(ShareCast News) - Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia's largest economy and after Chinese regulators warned they might clamp down on speculation further. On Sunday, China's customs administration said exports and imports s
Read moreBrazil judge ratifies BHP Samarco cleanup settlement
6th May 2016 08:00
(ShareCast News) - BHP Billiton said the Brasilia Federal Court of Appeal had ratified a £3.8bn agreement that would see the company and its joint venture partner Vale pay for the cleanup of the Samarco dam disaster that killed 19 people. The 15 year deal was signed between the two companies and Bra
Read moreThursday newspaper share tips: IAG, BHP Billiton
5th May 2016 15:16
(ShareCast News) - IAG and Ryanair continue to be in another league versus their continental peers such Air France- KLM and Lufthansa, the Financial Times's Lex column said. Air France-KLM benefited more than many of its peers from cheaper prices for kerosene over the first three months of the year.
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreBHP Billiton's Samarco JV hit with $43bn compensation lawsuit
4th May 2016 07:02
(ShareCast News) - Federal prosecutors in Brazil have launched a $43bn lawsuit against BHP Billiton's part-owned Samarco Mineração mining unit to claim compensation for the dam disaster last November. BHP, which set up the Samarco joint venture with Brazil's Vale, said it had not yet received for
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
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