Alecto Minerals narrows losses, upbeat about Centamin alliance
3rd Jun 2013 16:19
Shares in Alecto Minerals surged on Monday after the AIM-listed multi-commodity explorer narrowed its full-year loss and hailed a 'transformational' deal with FTSE 250 gold miner Centamin. The company announced last week that it has entered into a new agreement with Centamin to look for opportuniti
Read moreFTSE 250 movers: Oil companies advance, Lonmin falls
3rd Jun 2013 14:39
Oil and gas companies were among the biggest risers on the FTSE 250 index on Monday, tracking a rise in crude prices. Independent oil and gas exploration company Heritage Oil ended the day higher while shares in hydrocarbon producer and explorer Afren were also up at the close of trading. Meanwhil
Read moreLondon close: Stocks plummet as bond yields rise
29th May 2013 16:38
Financial markets erased yesterday's impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London. "In an almost complete reversal of yesterday's price action the bears have reasserted themselves today, overturning the brief return to optimism as European
Read moreAlecto Minerals forms strategic alliance with Centamin - UPDATE
29th May 2013 09:58
Alecto Minerals has formed a strategic alliance with Centamin to pursue gold projects in Ethiopia. The two have entered into a non-binding heads of terms agreement for a proposed joint venture for opportunities within the Federal Democratic Republic of Ethiopia. Alecto owns gold projects Wayu Bo
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreThursday broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
Read moreFTSE 250 movers: Keller makes gains after beating expectations
15th May 2013 15:32
Keller, the world's largest independent ground engineering specialist, sparked a share-price surge on Wednesday after saying that results so far this year have beaten its expectations despite mixed conditions worldwide. The company said that while economic conditions across global construction marke
Read moreQuarterly gold production up 77 per cent at Centamin
15th May 2013 08:12
Gold production rose 77 per cent in the three months ended March 31st 2013 on the prior year period at FTSE 250-listed Egypt-focused gold miner Centamin, financial results have shown. In its quarterly results, the company reported that gold production was up 2.0% quarter-on-quarter to 87,016 ounce
Read moreSunday share tips: Invensys, BT Group, Centamin
12th May 2013 20:59
Engineering outfit Invensys seems to have finally gotten its hands around its problematic pensions deficit, such that it is no longer a deterrent to would-be investors. In fact, should the company maintain its guidance for its pensions deficit steady - when it unveils its annual results - that may w
Read moreFTSE 250 movers: Ocado leads risers after strong update
10th May 2013 15:26
Ocado rose to the top of the FTSE 250 Friday after the grocery website said it was well placed to take advantage of rapid growth in online sales. The company is currently in talks with Morrison to help the supermarket launch its first online shopping offering and said the deal would be complementary
Read moreLondon midday: All eyes on Bernanke and G7
10th May 2013 11:32
UK equities are now registering moderate gains and near their best levels of the day, buoyed by another rise in risk appetite which seemed to take its cue from the sharp move lower in the Japanese Yen overnight. Some investors attributed that move in foreign exchange markets to cautious comments ou
Read moreCentamin plummets after negative report from Egyptian authorities
10th May 2013 08:32
The non-binding recommendations made by the Egyptian State Commissioner's Office to the Supreme Administrative Court, regarding conflicting legal claims over gold miner Centamin´s Sukari mine "were not positive," the company has announced. The first hearing of its appeal is expected to be heard on
Read moreLondon open: Now it´s Japan´s turn
10th May 2013 08:27
The UK market opened with moderate gains on Friday morning, after a breakout - overnight - by the Japanese Yen, in its cross against the US dollar, apparently stoked risk appetite in capital markets globally. More important perhaps, that move in FX markets is a reflection of the relative fundamental
Read moreLondon close: ENRC and miners give markets a boost
19th Apr 2013 16:33
London's stock markets ended the week on a positive note, finishing with decent gains following a five-day losing streak, with mining stocks doing their best to recover after the recent sell-off. ENRC was a standout performer in the sector, surging by over a quarter by the close on the back of repo
Read moreFTSE 250 movers: Miners gain after volatile week
19th Apr 2013 15:18
As on the top tier index, miners made gains as investors sought gains after a volatile week for the sector. Kazakhmys, Bumi, Centamin, Hochschild, and Lonmin all made strong gains by late in the session. African Barrick Gold was performing well one day after its first-quarter results showed an imp
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