Thursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreFTSE 250 movers: Renishaw surges as investors celebrate strong finish to year
23rd Jul 2014 14:37
Renishaw's market value increased by almost a fifth on Wednesday as the engineering company delivered an all-time high annual revenue of £355.5m in the year to June 30th after a record fourth quarter. Numis upgraded the stock from 'hold' to 'add' today, helping the stock rise 19% by the afternoon.
Read moreFTSE 250 movers: Mining stocks weaken, Hays extends losses
11th Jul 2014 15:26
Mining stocks were dominating the fallers list on the FTSE 250 on Friday as risk appetite weakened ahead of the weekend. Kazakhmys, Centamin, Polymetal and African Barrick Gold were all suffering heavy losses by the afternoon. UK recruitment company Hays was extending losses made yesterday after it
Read moreCentamin sticks with guidance ahead of H2 ramp-up
9th Jul 2014 08:09
Centamin has held on to its full-year production guidance for its flagship Sukari gold mine in Egypt, saying that levels should ramp up in the second half. Total gold output in the second quarter ended June 30th was 81,281 ounces, up 9% on the first quarter but 13% lower than the same period in 201
Read moreFTSE 250 movers: Restaurant group rises on broker rating
20th Jun 2014 14:33
Restaurant Group was lifted by an upgrade in its rating from Westhouse Securities, which now recommends buying the stock. African Barrick Gold and Centamin were rising strongly after gold prices hit a two-month high yesterday. Engineering group James Fisher was higher on the news it has bought mo
Read moreLondon open: Iraq tensions continue to pull stocks lower
16th Jun 2014 08:50
- Iraq tensions continue to push crude higher - Fed meeting in focus this week - Smith & Nephew falls as Medtronic buys Covidien techMARK 2,798.75 -0.58% FTSE 100 6,770.86 -0.10% FTSE 250 15,741.74 -0.46% UK stocks edged lower on Monday morning as ongoing tensions in Iraq continued to erode risk a
Read moreJupiter finance chief reduces stake amid controversy at AGM
22nd May 2014 15:57
Jupiter Fund Management's Chief Financial Officer, Philip Johnson, traded in 63,588 shares, making only a small dent in his holding, which was reduced to 1.32m. Johnson, who took up the role in 2009, paid 383.80p per share, giving the deal a trade value of £244,051. The purchase was made the day
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreCentamin's first quarter earnings fall on lower gold output
15th May 2014 10:38
Centamin's first quarter earnings declined as gold production was hurt by lower grades at the Sukari mine in Egypt. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 58% to 34.3m as gold output fell 15% to 74,241 ounces. Output was affected by a drop in grades and a te
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreFTSE 250 movers: SuperGroup slides on slowdown in Q4 growth
8th May 2014 16:01
Fashion retailer SuperGroup saw its shares plummet today after reporting a steep slowdown in sales growth in the fourth quarter and saying full-year profits would be at the lower end of expectations. The company, famous for the Superdry brand, said group revenues increased by just 12.4% in the thre
Read moreFTSE 250 movers: Centamin rises on law change hopes
24th Apr 2014 15:30
Centamin rose strongly on the back of hopes a change in the law could resolve the Egyptian mining row. After a claim was made against the company's licence for the Sukari mine, in 2012 a court ruled the company did not have the right to mine with the licence, a decision since appealed by the group
Read moreLondon midday: Stocks at seven-week high as earnings impress
24th Apr 2014 12:07
- FTSE 100 at highest since March 6th - Apple, Facebook surge after the closing bell - AstraZeneca, Anglo American gain after updates techMARK 2,769.72 +1.01% FTSE 100 6,721.42 +0.70% FTSE 250 16,066.89 +0.48% The FTSE 100 was trading at a seven-week high on Thursday morning as stellar results fro
Read moreLondon open: FTSE 100 rises after results from Apple, Facebook
24th Apr 2014 08:31
- Apple, Facebook lift sentiment after results - FTSE 100 at highest since March 7th - Miners Anglo, ABG and Centamin rise techMARK 2,762.55 +0.74% FTSE 100 6,708.61 +0.51% FTSE 250 16,070.47 +0.51% Forecast-beating quarterly results from Wall Street heavyweights Apple and Facebook fed through to
Read moreCentamin likely to benefit from new Egyptian contract law - UPDATE
24th Apr 2014 07:12
Thanks to a new investment law brought in by the Egyptian government, gold miner Centamin will try and dismiss an ongoing court case over rights to its Sukari mine in the country. The new law came into effect in Egypt on Wednesday and the FTSE 250 company's legal advisers have interpreted it as res
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