FTSE 250 movers: Mitie hit by minimum wage dispute, Enterprise Inns higher on expansion plans
13th May 2015 13:16
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property, energy and engineering stocks extended gains, while travel and utilities dipped. As of 03:30, the FTSE 250 was trading 193 points, or 1.09% higher at 1
Read moreExpansion of Sukari proceeding as scheduled, Centamin says
13th May 2015 07:44
Gold miner Centamin saw gold output fall in the first quarter due to lower open pit grades as the company continued to expand its open-pit development at Sukari, its main producing asset. In the first three months of 2015 gold production fell by 16% to reach 108,233 ounces when compared with the las
Read moreLondon close: Stocks retreat from record with investors nervous ahead of busy week
13th Apr 2015 16:29
Decent gains from financial stocks were outweighed by heavy falls in the mining sector on Monday as the UK equity market pulled back from a record high reached last week. Political uncertainty and nervousness ahead of busy week had prompted a bout of profit-taking in London, with the FTSE 100 down 0
Read moreFTSE 250 movers: Lonmin tracks mining sector lower, Playtech boosted by higher price target
13th Apr 2015 14:09
Lonmin was in the red as Citigroup downgraded its rating on the stock to 'neutral'. Citigroup downgraded its stance on the wider mining sector on Monday to 'neutral' from 'bullish', saying that upside is "now capped" by weaker iron ore prices. BlackRock Mining was trading lower, as chief investment
Read moreFTSE 250 movers: Oil stocks rise on M&A hopes, Go-Ahead upgraded
8th Apr 2015 15:34
A host of stocks in the oil sector were performing well on Wednesday after a £47bn takeover of BG Group by Shell sparked hopes it will trigger a new wave of industry consolidation. Larger players have held up well amid the oil crisis compared with their smaller peers and could now look to snap up st
Read moreCentamin Q1 production falls as expected, but guidance unchanged
8th Apr 2015 07:50
Egyptian gold miner Centamin said it remains on track to hit its annual production targets despite an anticipated slip in output in the first quarter. Total production from its flagship Sukari project in the three months ended 31 March was 108,233 ounces (oz), up 46% on the same time last year but 1
Read moreFTSE 250 movers: Mitie dips on profit warning, Serco higher on railway sale
31st Mar 2015 13:22
Outsourcing services group Mitie fell after warning that it expects full-year profits to be pushed slightly lower than forecast by margin pressures in the homecare and social housing businesses. Petrofac was in the red following a downgrade from Canaccord Genuity who dropped their rating from 'buy'
Read moreTuesday tips round-up: Centamin, Halfords
24th Mar 2015 18:28
Egypt-focused gold miner Centamin offers investors a rather unique selling point, a dividend yield of about 3%. That comes despite the poor performance by the price of gold over the past year, which fell to below $1,200 an ounce. However, the risk of further drops in the price of gold cannot be igno
Read moreTuesday broker round-up
24th Mar 2015 14:42
Legal&General: Canaccord Genuity reiterates hold and raises target to 290p from 240p. Standard Chartered: JP Morgan Cazenove reiterates overweight and lifts target to 1,250p from 1,050p. Vesuvius: Credit Suisse reiterates underperform and hikes target 460p from 405p. Marks&Spencer: Investec reit
Read moreLondon close: FTSE ekes out new record despite Greek uncertainty
23rd Mar 2015 17:19
After a subdued start, the Footsie managed to edge higher to a new record on Monday though worries about Greece limited upside for London's stocks. The FTSE 100 finished the session up 0.22% at 7,037.67, surpassing the previous all-time closing high of 7,022.51 set on Friday. Stocks on the continen
Read moreInvestec upgrades Centamin to 'buy' on dividend potential
23rd Mar 2015 15:50
Full-year results from gold miner Centamin mostly missed analysts' estimates on Monday, though a much higher-than-expected dividend saw shares surge and prompted Investec to upgrade its recommendation. The broker now rates the stock as a 'buy', from 'hold' previously, though it lowered its target pr
Read moreFTSE 250 movers: Centamin surges on strong dividend, energy stocks higher
23rd Mar 2015 12:52
Profits at gold miner Centamin more than halved in 2014, as higher production was offset by increased output costs and lower commodity prices, yet the stock surged after the company's maiden dividend smashed analysts' expectations on the back of stronger cash generation. Other miners were also tradi
Read moreLondon midday: FTSE fluctuates around 7,000 as Greek concerns weigh
23rd Mar 2015 11:42
UK stocks retreated slightly from a record high on Monday morning on the back of uncertainty in Greece, though decent gains from banking, oil and mining stocks were providing some support. The FTSE 100 was down 0.09% at 7,016 by midday, pulling back after setting a new all-time closing high of 7,022
Read moreCentamin profits fall more than expected, but dividend impresses
23rd Mar 2015 07:58
Profits at gold miner Centamin more than halved in 2014 as higher production was offset by increased output costs and lower commodity prices. However, shares in the Arabian-Nubian Sheild-focused producer surged on Monday after the company declared its maiden full-year dividend, with the payout ratio
Read moreLondon pre-open: Small gains expected as FTSE extends record
23rd Mar 2015 07:40
UK stocks are set to extend a record high on Monday morning following positive newsflow from Greece and continued bullishness following the Federal Reserve meeting. City sources predict the FTSE 100 will open 13 points higher than Friday's close of 7,022.51. US markets finished strongly on Friday,
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