FTSE 250 movers: Evraz, Ocado, Centamin, Debenhams
17th Apr 2014 14:38
Russian steelmaker Evraz rebounded on Thursday following a slump a day earlier when it reported an eight per cent fall in crude steel production for the first quarter. Online grocer Ocado Group gained ahead of the Easter weekend as shoppers stocked up on food for the holiday. Mining giant Centami
Read moreCentamin Executive Director steps down after Sukari expansion completed
14th Apr 2014 09:17
Mining group Centamin has announced Trevor Schultz is to step down as an Executive Director and will assume the role of Non-Executive Director of the firm with effect from May 1st. The company said Shultz's resignation and new role coincides with the successful completion of construction of the Sta
Read moreCentamin retains annual gold guidance despite grade issues
9th Apr 2014 07:23
Egyptian gold miner Centamin has maintained its gold guidance for the year despite challenges during the first quarter from lower grades and poor mining fleet availability underground. Total gold production for the quarter was 74,241 ounces, a 14% decrease on the corresponding quarter in 2013 and 1
Read moreFTSE 250 movers: Evraz continues to recover, miners gain
31st Mar 2014 13:54
Steel producer Evraz continued its recent volatile moves on Monday, rising over seven per cent to the top of the risers list on the FTSE 250. The stock fell to an all-time closing low of 54.4p two weeks ago on the back of heightened tensions between Russia and Ukraine, where a large chunk of its o
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreFTSE 250 movers: 888 rises on strong full-year results
25th Mar 2014 14:58
Online gaming group 888 rose on the back of a strong performance and a highly cash generative year, which prompted the proposal of an extra one-off dividend of 7.0 cents per share on top of a final dividend of 4.0 cents. In a record year for revenue, which rose 7% to $401m, the Gibraltar-headquart
Read moreTuesday tips round-up: Centamin, London Mining
25th Mar 2014 06:35
Centamin´s share price has avoided the rout seen in other goldminers since the start of last year, thanks to the fact that it has the lowest cost of production. However, it continues to faces the legal challenge against its ownership rights over its sole producing asset, the Sukari mine in Egypt. Th
Read moreFTSE 250 movers: Diploma falls on full-year outlook
24th Mar 2014 13:52
Technical product firm Diploma was a big faller after it told investors its final results would be adversely affected by the appreciation of sterling. Broker Jefferies warned that currency headwinds will likely result in mid-single digit downgrades to earnings estimates for this year. Diploma, whi
Read moreLondon midday: Stocks fall as Crimea turmoil drags on
24th Mar 2014 11:42
- Ukraine tensions escalate as G7 leaders meet - Interim President orders withdrawal from Crimea - Chinese manufacturing PMI eases - Kentz, Centamin impress, Diploma drops techMARK 2,769.80 -0.75% FTSE 100 6,537.07 -0.31% FTSE 250 16,085.67 -0.46% Heightened geopolitical tensions in Ukraine pushed
Read moreLondon open: Ukraine, China fears weigh on stocks
24th Mar 2014 08:24
- Reports of increased Russian presence near Ukraine border - Chinese manufacturing PMI falls - Standard Life in talks with Phoenix over Ignis - Kentz, Centamin rise after results techMARK 2,779.91 -0.39% FTSE 100 6,549.85 -0.11% FTSE 250 16,173.87 +0.09% UK stocks opened in the red on Monday as r
Read moreCentamin delivers record operating profits despite falling gold price
24th Mar 2014 07:39
- EBITDA rises to record high - Falling gold prices offset by increased production - Construction Stage 4 expansion under commissioning Egypt-focused gold miner Centamin delivered record operating profits in 2013 as an increase in production and falling costs managed to offset a steep drop in commo
Read moreCanaccord Genuity upgrades gold forecasts, lists preferred stocks
17th Mar 2014 11:08
Canaccord Genuity has highlighted key stocks to buy in the gold mining sector as it lifted its forecasts for the price of the precious metal over the medium term. The broker explained that UK-listed gold producers on average have mildly outperformed the gold price since the start of 2014. However,
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreLondon open: Markets flat as miners fall after poor data from Asia
10th Mar 2014 08:17
- China registers surprise trade deficit, CPI eases - Japan GDP revised lower - Mining stocks limit upside for FTSE - Mondi upgraded to 'buy' by Citigroup techMARK 2,863.34 +0.12% FTSE 100 6,716.76 +0.06% FTSE 250 16,578.93 +0.12% UK markets opened broadly flat on Monday morning after a surprise t
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
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