Tuesday tips round-up: Miners, Centamin, IMI
7th Jan 2014 07:07
Mining company executives´ assurances aside, the worst may not be over yet for miners. Hence the need to look at all the available data meticulously, something which may not always be as easy as one might think. A case in point in this regard may be copper-miner Kazhakmys. Yes, the share price was d
Read moreLondon close: Markets flat after choppy session, services PMIs weakens
6th Jan 2014 16:37
- Miners limit gains after weak economic data - Services PMIs from China, UK, Eurozone and US weaken - RSA rises, UBS says takeover and break-up still possible - Retailers in focus ahead of updates techMARK 2,792.25 +0.13% FTSE 100 6,730.73 0.00% FTSE 250 16,049.30 +0.18% UK markets ended flat on
Read moreFTSE 250 movers: Centamin rockets on Q4 results
6th Jan 2014 15:29
Shares in Egypt-focused gold miner Centamin leapt today after its fourth-quarter production results smashed expectations. Total gold production from its flagship Sukari project in the fourth quarter reached 91,546 ounces (oz), 8% higher than the third quarter and up 7% on the same quarter of 2012.
Read moreSector movers: RSA lifts insurers, China data dampens miners
6th Jan 2014 15:11
The non-life insurance sector was the best performing category on Monday after strong gains from RSA Insurance, while mining stocks led the downside after some disappointing Chinese economic data. RSA was up nearly 7% at 98.2p in afternoon trade after positive comments from UBS which raised its tar
Read moreLondon midday: Stocks flat as global services PMIs point to slowdown
6th Jan 2014 11:21
- UK, Eurozone, China services PMIs ease - Markets rangebound, little changed by midday - Takeover and break-up of RSA possible, says UBS - Retailers in focus ahead of sales updates techMARK 2,795.09 +0.23% FTSE 100 6,731.24 +0.01% FTSE 250 16,063.40 +0.27% The FTSE 100 was little changed on Monda
Read moreBroker tips: RSA Insurance, Petrofac, Centamin
6th Jan 2014 11:21
RSA Insurance was making gains on Monday morning after UBS raised its target price on the stock by 13 per cent, saying that the firm's struggles in Ireland could be used as a 'catalyst for change'. Meanwhile, the bank also said that a takeover and break-up of RSA still "remains a possibility", foll
Read moreBroker snap: Centamin forecasts look 'conservative' after strong Q4
6th Jan 2014 10:45
Canaccord Genuity has labelled Egypt-focused gold miner Centamin as a 'speculative buy' after fourth-quarter production results smashed expectations on Monday. Total gold production from its flagship Sukari project in the fourth quarter ended December 31st 2013 reached 91,546 ounces (oz), 8% higher
Read moreCentamin's 2013 production growth easily tops guidance
6th Jan 2014 07:09
FTSE 250 Egypt-focused gold miner Centamin easily beat its annual output guidance for 2013 with the production of 356,943 ounces (oz) of gold from its flagship Sukari project. Total gold production in the fourth quarter ended December 31st 2013 reached 91,546oz, 8% higher than the third quarter and
Read moreLondon open: Markets edge higher in shortened session
31st Dec 2013 08:59
- Volumes expected to be low on half-day session - US data due out later on - Vedanta leads mining stocks lower techMARK 2,790.20 +0.30% FTSE 100 6,750.42 +0.28% FTSE 250 15,934.64 +0.21% UK markets headed higher on Tuesday morning as investors took advantage of low volumes on a shortened trading
Read moreFTSE 250 movers: Merlin Entertainments, Serco, Vedanta
23rd Dec 2013 13:57
Merlin Entertainments was pushed lower by news that a blaze which broke out at the Chessington World of Adventures Resort, southwest of London, forced the outfit to close the theme park. Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract exten
Read moreFTSE 250 movers: Gold miners lead gains, De La Rue under pressure
20th Dec 2013 14:30
African Barrick Gold and Centamin found a bid as the price of gold on international commodities markets stabilised after the sharp falls seen in the wake of the US Federal Reserve's surprise decision on Wednesday to initiate the tapering of its quantitative asset purchases. Shares of banknote prin
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreFTSE 250 movers: Serco rallies on UK government deal
19th Dec 2013 14:43
Serco gained after the support services group reached a 68.5m-pound deal with the UK government over its troubled electronic tagging contract. Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of Justice
Read moreThursday broker round-up UPDATE
19th Dec 2013 08:27
AstraZeneca: Alphavalue lowers target price from 3169p to 3087.7p and downgrades from reduce to sell. British American Tabacco: Panmure Gordon reduces target price from 3800p to 3200p and downgrades from buy to hold. Britvic: Investec ups target price from 600p to 672p and maintains a hold recomme
Read moreCentamin identifies high grade ore at Sukari Gold Mine
18th Dec 2013 07:14
Centamin said on Wednesday it has identified regions of high grade ore at its Sukari Gold Mine in Egypt. However, the group reported a 19% fall in total combined open pit and underground reserve of 8.2m ounces, compared to 10.1m ounces at December 31st 2011, reflecting higher international fuel pri
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