Centamin output falls in Q3 but says 'well placed' to beat guidance - UPDATE
6th Nov 2013 09:31
- Q3 production down 9 per cent on Q2 - EPS down 43 per cent Q-on-Q - "Well placed" to beat FY production guidance Egypt gold miner Centamin saw gold production slip from the second to the third quarter but said it was well placed to beat its initial guidance for the full year of 320,000 ounces. T
Read moreFTSE 250 movers: QinetiQ rises on possible sale of US arm
21st Oct 2013 15:15
QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. The firm announced back in May that it was launching a strategic review into the unit. Provident Financial was given a boost by JPMorgan Cazenove after it rei
Read moreLondon open: Stocks edge higher as focus turns towards US data
21st Oct 2013 08:42
UK equites opened slightly higher on Monday morning, following a recent strong run and as traders awaited key economic data from the US later this week. London's FTSE 100 opened just a few points higher than Friday's close of 6,622.59, though this was still the highest finish for the benchmark ind
Read moreFTSE 250 movers: Computacenter hit by downgrade
18th Oct 2013 15:48
IT infrastructure services firm Computacenter was trading in the red on Friday after UBS downgraded the stock from 'buy' to 'neutral'. While the bank said that the stock's valuation is not demanding, it believes the company is "navigating a tricky path in France and Germany's turnaround is at an ear
Read moreBroker tips: Gold miners, WPP, 888, Shanks
16th Oct 2013 11:50
Nomura said it has been 'somewhat perplexed' by gold's recent weakness during the US government shutdown, but said it was positive on the outlook for gold prices until the end of the year. Nevertheless, the broker has downgraded its ratings for gold mining peers Polymetal and Centamin after both st
Read moreLondon midday: Stocks slip as optimism over US deal begins to fade
16th Oct 2013 11:45
London's FTSE 100 pulled back from a three-week high on Wednesday morning as a deal to avert a US default remained elusive with just one day to go before the government hits its borrowing limit. Matt Basi, Head of UK Sales Trading at CMC Markets, said that the proximity of the deadline was "giving
Read moreBroker snap: Nomura downgrades Polymetal, Centamin
16th Oct 2013 10:53
- Polymetal, Centamin cut from 'buy' to 'neutral' - African Barrick remains top pick - Nomura positive on gold prices over next few months Nomura said it has been 'somewhat perplexed' by gold's recent weakness during the US government shutdown, but said it was positive on the outlook for gold price
Read moreSector movers: Rio Tinto, Anglo American lead miners higher
15th Oct 2013 16:13
London-listed mining stocks were trading higher on Tuesday as risk appetite returned to the markets in hopes that US lawmakers can strike a deal over the debt ceiling. Rio Tinto was a high riser, up 4.2% at 3,214.5p, after enjoying a good third quarter of production, having produced and shipped a
Read moreCentamin's third-quarter production rises in Egypt
9th Oct 2013 07:37
Centamin's third-quarter gold production rose 39 per cent to 84,757 ounces at the Sukari mine in Egypt compared to a year ago. However, production was down 9% from the second quarter, the mining group said in a statement on Wednesday. The company has produced 265,397 ounces in the year to date. Th
Read moreNyota Minerals shares suspended amid possible reverse takeover
3rd Oct 2013 14:19
Shares in Nyota Minerals soared before being suspended as the company confirmed that a reverse takeover of the gold explorer was a possibility. The company is strapped for cash and has been looking for funding opportunities so that it can develop its flagship Tulu Kapi project in Ethiopia. It sai
Read moreSector movers: Miners track metals lower after US shutdown
1st Oct 2013 15:06
Metals and mining stocks were falling sharply on Tuesday as a political stalemate in the US prompted a reduction in risk appetite. Meanwhile, falling commodity prices and gloomy comments on gold from ratings agency Fitch were also weighing on sentiment. The first partial government shutdown in 17
Read moreFTSE 250 movers: House builders given boost
30th Sep 2013 15:54
Bellway, Barratt Development, and Taylor Wimpey were among the best performing stocks on the FTSE 250 this afternoon as the outlook for the UK housing market continues to brighten. JPMorgan upgraded its rating for Barratt today to 'overweight', although cut Bovis Homes to 'underweight'. Keller Grou
Read moreLondon close: Stocks sink to three-week low on policy uncertainty
27th Sep 2013 16:32
A cautious start turned into a market-wide sell-off by the close of trade on Friday as nervous investors booked profits ahead of the weekend. The UK's benchmark FTSE 100 index finished 52.93 points lower at 6,512.66, its worst closing level in three weeks. The last time it closed lower was on Septe
Read moreFTSE 250 movers: Premier Farnell climbs on UBS comments
27th Sep 2013 15:36
Shares in Premier Farnell gained strongly on Friday after analysts at UBS said that an acceleration of growth at the electronic components firm should be "around the corner". "Given forward indicators (e.g. PMIs) only improved from around May, with the normal six-month lag we note company growth
Read moreSector movers: Miners bear brunt of market sell-off
27th Sep 2013 15:20
Mining stocks were bearing the brunt of the market-wide sell-off on Friday as traders adopted a cautious approach ahead of the weekend. Commodity prices were higher across the board today but that wasn't enough to increase investors' appetite for risk as the resource-heavy FTSE 100 dropped 1% in af
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