Numis cuts Centamin to 'hold' from 'add'
1st Nov 2016 09:56
(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
Read moreCentamin sees FY production at upper end of guidance
31st Oct 2016 07:33
(ShareCast News) - Centamin said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and 540,000 ounces as it reported a 41% increase in third quarter output. The group said gold production in the third quarter was 148,674 ounces, up 41% on the same period
Read moreSector movers: Retailers, homebuilders pace gains
11th Oct 2016 17:12
(ShareCast News) - Somewhat ironically, it was two of the sectors with perhaps the most to lose from the drop in the pound's value which helped to offset losses in Mining and Oil & Gas even as Sterling continued to skid lower. A better than expected showing from retailers during the month of Septemb
Read moreFTSE 250 movers: Clothing retailers outstrip weight of gold miners
11th Oct 2016 14:32
(ShareCast News) - While its larger sibling fell into the red after soaring to record levels, the FTSE 250 was still in positive territory on Tuesday afternoon, as positive earnings reports provided good cheer. After some difficult months for the sector as weather played havoc with their seasonal sa
Read moreCentamin production up 41pc at Sukari
5th Oct 2016 07:15
(ShareCast News) - Centamin announced preliminary production results for the quarter to 30 September from its Sukari Gold Mine in Egypt on Wednesday, with preliminary total gold production of 148,674 ounces, a 6% increase on the previous quarter and a 41% increase year-on-year. The FTSE 250 firm sai
Read moreFTSE 250 movers: Exporters exce but OneSavings tops the list
4th Oct 2016 16:04
(ShareCast News) - Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1.66% higher late on Tuesday. Exporting companies that were high in the leaderboard included European-focused lender International Personal Finance, equipment rental group Aggreko, which
Read moreFTSE 250 movers: Grafton warns of challenging backdrop, gold miners drop
31st Aug 2016 16:41
(ShareCast News) - Grafton Group paced losses on the second tier index after warning of a challenging backdrop in UK merchanting. The builders´ merchant posted interim pre-tax profits up by 8% to £62.8m on revenue of £1.2bn, 13% higher from the first half of last year. "Shares are up +11% over the
Read moreFTSE 250 movers: Gold miners weigh against rising builders
22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read moreThursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read moreCosts down, production up in Q2 at Centamin
10th Aug 2016 08:07
(ShareCast News) - Centamin announced its results for the second quarter to 30 June on Wednesday, with an EBITDA of $101.6m up 51% on the first quarter. The FTSE 250 firm said this was driven by an increase in realised gold prices and gold sales volumes, together with improved operational efficienci
Read moreThursday broker round-up
14th Jul 2016 11:01
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510
Read moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
Read moreCentamin reports strong Q2 gold production from Sukari
7th Jul 2016 08:36
(ShareCast News) - Gold Miner Centamin said second quarter production from its Sukari operation in Egypt increased 12% to 140,306 ounces on the previous quarter and 30% year-on-year. Total first half gold production was 265,574 ounces, the company added. Centamin said quarterly throughput at the pr
Read moreFTSE 250 movers: house builders in focus as mid caps sour
4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
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