Sunday newspaper round-up: Lloyds, Government spending, Google
4th Nov 2012 10:43
Lloyds is plotting to raise 1bn pounds through a sale of its 60 per cent stake in Britain's biggest chain of financial advisers. The bank's majority holding in St James's Place Wealth Management could be placed with investors in the market before the year-end. Antonio Lorenzo, the bank's strategy di
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFTSE 250 movers: Shares in Bumi rocket on proposal news
2nd Nov 2012 16:23
Mining group Bumi advanced after saying it has appointed Rothschild Goup as its financial adviser with immediate effect to evaluate the proposal received from Long Haul Holdings. Shares in Dixons rose once again, boosted by the news that its main High Street rival, Comet, is likely to go into admi
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreFTSE 250 movers: Dixons rises on Comet's administration fears
1st Nov 2012 15:18
Shares in Dixons rose on Thursday following news that its main High Street rival, Comet, is likely to go into administration, prompting one broker to upgrade its price target for Dixons. Comet, the UK's second-largest electrical specialist after Dixons, is estimated to have made a loss of £35m in
Read moreCentamin ready to defend its right to mine at Sukari
1st Nov 2012 14:41
FTSE 250 gold miner Centamin rebounded strongly on Thursday after returning to the market following a suspension from trade, as the firm looked to reassure investors concerned about the future of its flagship Sukari project in Egypt. Shares plummeted two days ago after media reports claimed that an
Read moreLondon midday: Stocks rise after flurry of corporate updates
1st Nov 2012 11:50
- Results impress from BT, BSkyB, Lloyds... - Markets await barrage of economic data Stateside - Chinese manufacturing beats expectations Impressive gains from BT Group, Lloyds, BSkyB and Legal & General were lifting the FTSE 100 higher on Thursday, with better-than-expected economic figures from
Read moreWednesday tips round-up: Lonmin, Imperial Tobacco, Centamin
31st Oct 2012 07:20
On the face of it, the admission by Lonmin that it needs to launch an 800m dollar rights issue to cut its debt burden looks as though it will test investors' patience. They will be asked to put more money into a company whose main product ? platinum ? is priced largely according to demand for cars i
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreFTSE 250 movers: Double dose of good news for Lonmin
30th Oct 2012 15:44
Lonmin shareholders saw their shares jump over eight per cent after the platinum producer announced a chunky rights issue to improve its chances of passing banking covenant tests. The group, which was almost brought to its knees by strikes at its South African operations in the summer, plans to ra
Read moreMining still ongoing at Sukari, Centamin reassures - UPDATE
30th Oct 2012 14:38
Egypt-focused gold miner Centamin has reassured that mining operations are continuing as usual after concerns about the company's flagship Sukari concession sent the stock tumbling on Tuesday morning, prompting the temporary suspension of trading on the FTSE 250. The share price, which closed yeste
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreCentamin's flagship Sukari contract at risk, shares suspended
30th Oct 2012 11:01
Centamin plummeted on Tuesday morning shortly before trading in the shares was suspended on concerns that it could lose its flagship Sukari gold mine in Egypt. According to media reports, an Egyptian court has said that the gold miner's contract to mine Sukari has been withdrawn, after a decision i
Read moreBroker tips: BATS, Experian, Gold miners...
24th Oct 2012 11:14
Below-consensus third-quarter results from British American Tobacco (BATS) have led Panmure Gordon to cut its price target for the stock. Nevertheless, a 'buy' rating for BATS has been retained after its 2.5% underperformance against the FTSE All-Share Index. The broker says that the valuation - th
Read moreBroker snap: Time to take profits in the gold mining sector, says Investec
24th Oct 2012 10:46
Investec has downgraded its ratings for both Randgold Resources and Centamin from 'buy' to 'hold', saying that its time to "take a breather (and profits)" in the gold mining sector. "In a gold sector report earlier this year we lifted all of our gold company recommendations to 'buy', on the basis t
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