Sector movers: Mining stocks rally on Chinese stimulus, but defensives fall
21st Nov 2014 15:20
A surprise interest-rate cut in China saw equity markets surge on Friday with cyclical mining stocks benefiting and defensive stocks feeling the brunt from an increase in risk appetite. Cyclical sectors are those that are closely and positively correlated to economic activity and, in the case of the
Read moreSector movers: Miners sideswiped as Chinese manufacturing stagnates
20th Nov 2014 14:32
UK-listed mining stocks were bearing the brunt of the selling pressure on Thursday as disappointing economic data from across the globe - China in particular - hit market sentiment. Resource shares, often sensitive to news-flow from top metals user China, took a hit when it emerged that the nation's
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreCentamin reiterates full-year guidance as Q3 profits rise
12th Nov 2014 09:40
Egypt-focused gold miner Centamin has reiterated its recently-downgraded production guidance after lower gold prices were offset by record quarterly plant throughput and falling costs in the third quarter. Earnings before interest, tax, depreciation and amortisation totalled $37.8m in the three mont
Read moreFTSE 250 movers: House-builders fall on slower autumn sales
7th Nov 2014 16:02
Service companies and house-builders were on the move on Friday after updates from several companies in the sectors. Rat-catching group Rentokil Initial failed to snare investors after it blamed currency headwinds and tough markets in mainland Europe for lower revenue and profits at actual exchan
Read moreThursday tips round-up: M&S, Centamin
6th Nov 2014 07:28
Shares of Marks &Spencer rose sharply following its first-half results on Wednesday, pushing the company's forward price-to-earnings multiple to just over 13, from just over 12, writes the Financial Times' Lex column. The reason for that, tellingly, is that many analysts did not revise their full-ye
Read moreFTSE 250 movers: Stock Spirits slides after profit warning
5th Nov 2014 16:27
Stock Spirits slumped after warning that full-year profits could be €5m-10m below expectations following a "very tough trading period" in the third quarter for the Central European spirits producer. Precious-metal miners such as African Barrick Gold were among the worst performers in the resources s
Read moreSector movers: Mining stocks track commodity prices lower on stronger US dollar
5th Nov 2014 14:14
Mining stocks missed out on the wider equity-market rally on Wednesday as commodity prices declined on the back of a stronger dollar, following upbeat US economic data and a Republican victory in the mid-term elections. Precious-metal miners such as Fresnillo, Petropavlovsk, African Barrick Gold and
Read moreBroker tips: M&S, AB Foods, Rolls-Royce, Centamin
5th Nov 2014 12:53
Marks & Spencer's shares surged on Wednesday after the retailer impressed with a surprise increase in first-half profits, and while the market welcomed the bottom-line beat analysts raised concerns with a continued underperformance in clothing sales. Analysts at Numis Securities maintained a 'hold'
Read moreLondon midday: Stocks jump despite weak services data, M&S and Meggitt surge
5th Nov 2014 11:52
Strong gains from Marks & Spencer, Meggitt and Associated British Foods drove the UK stock market higher on Wednesday, as investors shrugged off some disappointing global economic data. Services purchasing managers' indices (PMIs) in China, the UK and Eurozone all weakened, showing that activity gro
Read morePeel Hunt, Westhouse still upbeat about Centamin despite production downgrade
5th Nov 2014 11:52
Centamin's downgrade to production guidance on Wednesday was disappointing but not wholly unexpected, according to analysts at Peel Hunt and Westhouse Securities who kept 'buy' ratings on the stock. After plant productivity suffered a slowdown in October, output at its flagship Sukari gold mine in E
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreLondon open: M&S, Meggitt lead UK stocks higher early on
5th Nov 2014 09:02
UK stocks rose on Wednesday as decent gains from Marks & Spencer, Meggitt, Tulllow Oil and AB Foods offset falls in the mining sector after yet more weak data from China. The FTSE 100 was trading 0.6% higher at 6,493 in morning trade. With the exception Japan's Nikkei index, Asian markets weaker ov
Read moreCentamin lowers annual forecasts for Sukari gold mine
5th Nov 2014 07:51
Centamin has lowered annual forecasts for production from its flagship Sukari Gold Mine after plant productivity suffered a slowdown in October. Production, which is now expected to be between 370,000 and 380,000 gold ounces compared to previous forecasts of 420,000, was also affected by lower expec
Read moreSector movers: Anglo leads miners higher despite weak Chinese data
3rd Nov 2014 13:50
Mining stocks were making small gains on Monday despite some disappointing economic data from top metals consumer China. Anglo American was among the best performers on speculation that the former boss of Xstrata could bid for some its assets. The Chinese government's official manufacturing purchas
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