Centamin biggest winner in FTSE 350
10th Dec 2012 17:26
Egypt-focused gold mining company Centamin was the FTSE 350's biggest winner at the close of trading on Monday having risen by 9.9 per cent to 54.90p per share. The sudden rise in the share price may be partially related to political events that unfolded over the weekend and early hours of this mor
Read moreLondon close: Markets unfazed by Osborne's budget
5th Dec 2012 17:10
- Miners gain on Chinese optimism - OBR cuts GDP forecasts - US ISM data lifts markets in afternoon trade The Footsie finished the day with decent gains on Wednesday as investors mostly shrugged off Chancellor George Osborne's budget statement, with the upbeat mood helped by economic data from the
Read moreFTSE 250 movers: Home Retail rises on upgrade
5th Dec 2012 15:34
Shares in Argos and Homebase owner Home Retail raced ahead today after Bank of America Merill Lynch upgraded the stock from 'neutral' to 'buy' and hiked its price target from 110p to 130p. The broker said: "We see Argos as a beneficiary of recent capacity withdrawal in the electricals area and als
Read moreLondon close: Stocks pare gains after US ISM data
3rd Dec 2012 16:52
- US manufacturing sector in contraction - Chinese and India data lifts markets early on - Banking fall after BoE FLS details The FTSE 100 index was set to finish Monday's session with decent gains until a worse-than-expected reading of US manufacturing caused markets across Europe to trim gains by
Read moreFTSE 250 movers: C&W Comms jumps after disposal
3rd Dec 2012 15:41
Cable & Wireless Communications surged on Monday after agreeing to sell the majority of its businesses in its Monaco & Islands division as it attempts to scale back its geographic footprint and pay down debt. CWC is selling the assets to Bahraini telecoms firm Batelco Group for an enterprise value
Read moreFTSE 250 movers: SDL plunges on profit warning
26th Nov 2012 15:52
Business, translation and communications software company SDL plunged after it said it expects a profit shortfall, following a review of the firm, as its struggles against poor sales and marketing execution, as well as the tough economic environment. 'Management forecasts for the year are now consid
Read moreCentamin down on Egypt concerns
26th Nov 2012 08:51
Shares in gold miner Centamin were down sharply on Monday after it warned exports from its suspended Egypt operation were needed soon to ensure it met working capital commitments. The company stopped gold exports after an Egyptian court declared its Sukari mining concession void. That ruling was s
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreCentamin delivers record quarterly earnings
14th Nov 2012 08:53
Shares in Egypt-focused gold miner Centamin got a boost on Wednesday after it reported a 43 per cent quarter-on-quarter leap in basic earnings per share (EPS) in the three months ended September 30th. Basic EPS totalled a record 5.53 cents, which was also a 22% increase on the same period the previ
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreLondon close: Stocks taken down by global uncertainty
5th Nov 2012 16:49
- All eyes turn to the US elections - Greece attempts to agree on austerity - UK and US services PMI disappoint After a sharp fall early on, the FTSE 100 traded broadly sideways for the remainder of Monday's session as investors refrained from building positions ahead of a busy week for the global
Read moreFTSE 250 movers: Centamin gives investors a big thumbs up
5th Nov 2012 14:59
Investors in Egypt-focused gold miner Centamin showed their relief on Monday after the company announced that the Egyptian administrative court has decided that its Sukari mining licence is valid, eliminating the risk of losing its primary source of revenue. Centamin lost nearly 40% of its market
Read moreLondon midday: Investors flee from risk ahead of US elections
5th Nov 2012 11:26
- Investors risk averse ahead of elections - UK services PMI disappoints - Greece to vote on austerity Nervousness ahead of the US presidential elections saw stocks head lower on Monday morning, with losses cemented by a worse-than-expected reading of service-sector activity in the UK. In regards
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
Read moreCentamin surges after Sukari labelled 'valid'
5th Nov 2012 07:49
Investors in Egypt-focused gold miner Centamin will be relieved: the company announced on Monday that the Egyptian administrative court has decided that its Sukari mining licence is valid, eliminating the risk of losing its primary source of revenue. Centamin lost nearly 40% of its market capitalis
Read more