London close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreFTSE 250 movers: Centamin hit by target price cut
20th Feb 2013 15:26
Centamin fell after Goldman Sachs cut its target price on the stock from 160p to 130p. Savills, an estate agent, made decent gains after sector peer Countrywide said it plans to re-list its shares in anticipation of a UK property market recovery. This also prompted a rise amongst housebuilders, wi
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreFTSE 250 movers: ICAP rises as electronic volumes climb
6th Feb 2013 15:43
ICAP climbed after seeing a 17 per cent increase in electronic volumes in January, with sector peer Tullett Prebon also on the rise. Enterprise Inns rose after Barclays upgraded the stock to overweight. Talk Talk Telecom Group climbed after Barclays raised its target price from 235p to 300p, whi
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreLondon close: Footsie drops 100 points on political uncertainty in Europe
4th Feb 2013 16:32
Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month
Read moreFTSE 250 movers: Salamander ahead of the pack after oil discovery
4th Feb 2013 16:11
Salamander Energy's share price rose 10.27 per cent to 205.10p on Monday as the oil and gas company announced that oil had been discovered at the first well in its multi-well programme. A combined 40m of net oil and gas pay was identified in the well - known techniclly as the South Kepaci-1 DIR/ST
Read moreCentamin targets 40 per cent rise in gold production at Sukari Mine
31st Jan 2013 14:56
Egypt-focused gold mining company Centamin has unveiled predictions for gold production at its flagship Sukari Gold Mine during an on-site presentation to analysts on Thursday. It forecast 367,187 ounces of gold would be produced at the site in 2013, 39.6% more than the 262,958 ounces mined in 2012
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 250 movers: Investec given boost by Morgan Stanley upgrade
29th Jan 2013 16:04
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight. Bookmaker William Hill was also a high riser after saying its good performance continued into its final quarter after strong trading in retail and online. Net revenue grew by 12% in the 53 weeks to January 1st wh
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreFTSE 250 movers: New World Resources hit by stock warning
14th Jan 2013 16:11
Coal and coke producer New World Resources was a heavy faller after warning that as a result of recent declines in energy demand and broader market conditions, thermal coal inventories have been above the historical average levels. These conditions are likely to create pricing volatility and continu
Read moreLondon close: Markets end the week with slight gains
11th Jan 2013 17:04
- Japan launches new stimulus package - Chinese inflation rises in December - Tullow misses production forecasts in 2012 UK stocks finished with slight gains on Friday on the back of plans for economic stimulus in Japan, as markets were able to shrug off some weakness in the mining sector. The F
Read moreEgyptian Petroleum Minister backs agreement with Centamin
11th Jan 2013 16:45
Egypt´s Petroleum Minister, Osama Kamal, is last night reported to have defended the country´s profit-sharing agreement with Centamin, the FT Alphaville blog comments today. In response to a question about the verdict, he is reported to have said that people, "misunderstood. You can't cancel
Read moreFTSE 250 movers:Centamin continues to rise on Q4 production
11th Jan 2013 14:59
Gold miner Centamin continued to rise after its fourth-quarter production results on Wednesday, in which it beat output guidance by five per cent. Liberum Capital labelled the stock as a compelling buy this morning. The shares have now risen by over a third in the last five days. Price comparison
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