London midday: Markets extend losses after Boston tragedy, German ZEW survey
16th Apr 2013 11:33
The FTSE 100 looked set to register its third straight decline by Tuesday lunchtime, extending heavy losses made the day before as mining stocks were hammered by slowing growth in China. While miners were doing their best to rebound this morning, markets on the whole were on the cautious side as i
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreSector movers: Miners fall sharply as Chinese growth disappoints
15th Apr 2013 16:05
Mining stocks were tracking commodity prices sharply lower on Monday afternoon as a disappointing reading of Chinese economic growth dampened the demand for 'riskier' assets. As such, defensive sectors were at the top of the pile: stocks that are expected to hold up relatively well during tough eco
Read moreFTSE 250 movers: Petropavlovsk leads mining sector lower
15th Apr 2013 15:04
Mining stock Petropavlovsk plunged after Citi downgraded the stock and cut its forecasts for gold. Other miners, including Bumi, Centamin, Ferrexpo, Hochschild and African Barrick Gold were also falling sharply. High Street bookie Ladbrokes also fell after it said it has said that it had experienc
Read moreThursday broker round-up UPDATE
11th Apr 2013 07:21
African Minerals: Deutsche Bank reduces target price from 594p to 586p keeping a buy recommendation. Investec cuts target price from 438p to 411p, while its buy recommendation remains unchanged. Associated British Foods: Societe Generale increases target price from 1820p to 1900p, while downgrading
Read moreAZ Electronic Materials directors try to minimize damage
10th Apr 2013 16:27
John Whybrow, the Chairman of AZ Electronic Materials, which on Tuesday tanked after it issued a warning on full year revenue, has shown his faith in the chemicals company by enlarging his shareholding. Whybrow acquired 40,000 shares at 254p each for a total trade value of £101,600, taking his sta
Read moreWednesday tips round-up: Centamin. Robert Walters, Lonrho
10th Apr 2013 07:36
Egypt-focused gold miner Centamin yesterday unveiled a better than forecast increase in production which - if sustained - could see the company beat its own guidance for the year. Unfortunately, it continues to be dogged by legal squabbles in the North-African country and a judicial process which is
Read moreSector movers: Miners gain as Chinese inflation slows
9th Apr 2013 15:42
Mining stocks were the best performers in London on Tuesday on the back of inflation data from China, which showed that price rises had slowed dramatically in March. Chinese consumer-price inflation slowed to a 2.1% annual rate in March, down from 3.2% in February when prices soared on the back of
Read moreFTSE 250 movers: AZ Electronic shares dive on poor Q1 revenues
9th Apr 2013 15:15
Shares in AZ Electronic Materials plunged by almost a third after the chemicals company reported a decrease in first-quarter revenues and warned of a flat year overall. Group revenue fell 2.0% year-on-year to $19.9m for the three months to April 8th, following lower-than-expected sales in its IC Ma
Read moreBroker tips: Centamin, FirstGroup, BP...
9th Apr 2013 11:00
Canaccord Genuity has kept its 'sell' rating and 38p target price for Egyptian gold miner Centamin despite the strong first-quarter production figures announced on Tuesday morning, saying that legal issues still remain. The broker said: "Although we would expect shares to be stronger today we think
Read moreBroker snap: Canaccord still cautious over Centamin despite strong production
9th Apr 2013 10:52
Canaccord Genuity has kept its 'sell' rating and 38p target price for Egyptian gold miner Centamin despite the strong first-quarter production figures announced on Tuesday morning, saying that legal issues still remain. The company produce 87,016 ounces of gold in the first three months of the year
Read moreCentamin advances on positive Q1 gold production results
9th Apr 2013 08:12
Shares in Egypt-focussed gold mining company Centamin rose on Tuesday morning after the FTSE 250-listed company unveiled its first quarter preliminary production results revealing record gold production levels at its Sukari mine. Total gold production for the quarter ended March 31st was 87,016 oun
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreCentamin shares rise on gold prices, director dealing
5th Apr 2013 14:35
Centamin shares surged Friday as gold prices improved and a director acquired a further stake in the Egypt-focused miner. The price of gold received a boost following the strong selling pressure seen earlier in the week. The yellow metal had been trading near steady levels just ahead of the releas
Read moreFTSE 250 movers: Domino's Pizza rises on Q1 figures
4th Apr 2013 15:56
Domino's Pizza Group rose strongly after it delivered tasty first quarter numbers, with like-for-like sales ahead 6.6 per cent thanks to new products such as its Hot Dog Stuffed Crust. Kazakhmys got a boost after Tradenext highlighted opportunities for potential upside in the sector following the
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