London midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreFTSE 250 movers: Euromoney rises on strong fourth quarter
24th Sep 2013 16:03
Continued growth in the US, and a return to growth for advertising revenues and acquisitions enabled publisher Euromoney Institutional Investor to issue a strong trading update for the fourth quarter. With improved year-on-year performance in the fourth quarter, the group said it expected to annou
Read moreFTSE 250 movers: Dechra Pharmaceuticals lifted by broker upgrade
23rd Sep 2013 14:48
Veterinary pharmaceuticals group Dechra Pharmaceuticals got a boost after it booked more than a 50 per cent increase in full year revenue, which was slightly ahead of expectations at Investec. The broker upgraded the stock from 'add' to 'buy' and raised its target price from 708p to 788p, saying "re
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreLondon close: Syrian crisis hits stocks despite upbeat economic data
27th Aug 2013 16:30
Data showing improving confidence in Germany and the States wasn't enough to lift markets on Tuesday as investor sentiment was rattled by escalating tensions between Syria and the West. Business confidence in Germany improved across the board in August as the Eurozone's largest economy continues to
Read moreFTSE 250 movers: Polymetal, Hochschild Mining, Centamin
27th Aug 2013 16:01
Polymetal shares plunged almost nine per cen after HSBC cut the stock from overweight to neutral, although it did raise its target price from 730p to 820p. Hochschild Mining was also heading south after Goldman Sachs reiterated its sell rating on the group. Meanwhile, Centamin and African Barric
Read moreCentamin posts record production, but profits hit by falling prices
14th Aug 2013 07:44
Centamin, the FTSE 250 north-east Africa-focused gold miner, delivered record production in the second quarter and maintained its full-year guidance, but said that earnings fell from the start of the year. The company, whose flagship Sukari mine is located in Egypt, said production reached a record
Read moreLondon close: Markets finish lower despite mining strength
12th Aug 2013 16:44
Markets were choppy on Monday with early gains on the FTSE 100 being erased by the end of trade as traders reacted to mixed newsflow from Asia and Europe. Even a strong performance in the heavyweight mining sector wasn't enough to push the London benchmark into positive territory today, with Financ
Read moreLondon close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreSector movers: Miners track metals higher after Bernanke comments
11th Jul 2013 15:49
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreFTSE 250 movers: Gold miners jump as metals prices surge
11th Jul 2013 14:23
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreWednesday tips round-up: Centamin, Shell, Barr
10th Jul 2013 06:43
Centamin's 20 per cent rise in shares since the overthrow of President Morsi in Egypt is perplexing, The Times' Tempus column noted. The Morsi government seemed to back the Egyptian miner and its asset, the Sukari goldmine. A lawsuit challenging its right to operate is still before the administrativ
Read moreLondon close: Stocks rise as investors shrug off IMF growth downgrade
9th Jul 2013 16:41
The FTSE 100 put in a decent performance on Tuesday, jumping around one per cent as investors shrugged off gloomy comments from the International Monetary Fund (IMF) and instead focused on progress in Greece and a strong start to US corporate earnings season. London's benchmark index finished the d
Read moreSector movers: Miners boosted by metal prices, Alcoa results
9th Jul 2013 15:28
The mining sector as a whole was over three per cent higher on Tuesday as resource stocks tracked metal prices higher and reacted positively to a number of upbeat trading updates. Sentiment was also lifted today by aluminium producer Alcoa, which unofficially kicked off second-quarter earnings seas
Read moreFTSE 250 movers: Ferrexpo jumps after production update
9th Jul 2013 14:50
Ferrexpo was the standout performer of the day on Tuesday, surging by nearly 14 per cent after a second-quarter production update. The iron ore producer said that group pellet output was up 11.4 per cent year-on-year in the first half, helped by the ramp up of production from the new Ferrexpo Yerist
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