Thursday tips round-up: Centamin, Severn Trent, Amec
31st May 2012 06:56
The Egyptian gold miner Centamin still glistens for Questor in the Telegraph. It's had a rough time during the Arab spring but is investing in a massive increase in production and could benefit from more stability following the elections in mid-June. Hold until the politics calms down in Cairo is th
Read moreCentamin sees increased mining rates at Sukari
30th May 2012 07:34
Egypt-focused gold miner Centamin has revealed a more up-to-date five-year production plan for its flagship Sukari mine, which includes increased ore grades and mining rates. "The open pit mine plan [previously released on March 14th] has been optimised to better reflect the expected increase in mi
Read moreFTSE 250 movers: Inmarsat rises on first quarter earnings
9th May 2012 15:26
Miner Petra Diamonds was up having reported a doubling of production in its third quarter, driven by its purchase of the Finsch mine in South Africa. The firm said production rocketed 126 per cent to 622,509 carats during the period, with Finsch exceeding management expectations and contributing 343
Read moreLondon midday: Stocks tank again on euro worries
9th May 2012 11:36
- Weir and Sage fall heavily - ITV, Sainsbury, Glencore higher after updates - Footsie hits new YTD lows on euro concerns London's blue chip index had sunk to levels not seen since late December by Wednesday lunchtime, as political uncertainty in the Eurozone continues to cloud the outlook for the
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreLondon open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreCentamin holds production targets despite strike action
9th May 2012 07:54
Egyptian gold miner Centamin has revealed a significant drop in production in the first quarter after strike action hit its main Sukari operation, but the firm still maintains its full-year targets. The Sukari project is the first modern gold mine in Egypt and had delivered impressive returns for s
Read moreLondon close: Shell rallies as it denies oil slick blame
12th Apr 2012 17:11
After a mixed morning session, London's top shares kicked on in the afternoon, buoyed by Wall Street's strength. Bulls seized upon comments by New York Fed President William Dudley who opined that the US economy is not yet firing on enough cylinders to make a serious dent in the jobless numbers.
Read moreFTSE 250 movers: Hays leads the index higher
12th Apr 2012 15:15
Recruitment firm Hays leapt into the top spot after it posted a 12 per cent actual increase in group net fees for the quarter ended March 31st. As a result the firm expects full-year operating profit to be towards the top of the current market estimates. Egyptian gold miner Centamin rose strongly
Read moreLondon midday: Mid-caps set the pace
12th Apr 2012 11:49
The top share index spent the morning spinning its wheels with most of the excitement taking place among the mid-cap stocks. Last night, the Federal Reserve's April Beige Book survey encouraged the maintenance of the status quo. The Fed's survey revealed that overall activity "continued to expand a
Read moreLondon open: Shell weighs on the Footsie
12th Apr 2012 08:19
- Shell drops on oil sheen reports - GKN up after upgrade - World Bank cuts Chinese GDP forecast Despite an initial rise, the FTSE 100 index had fallen into the red within the opening hour with oil giant Shell providing a drag on reports of an oil sheen in the Gulf of Mexico. Eurozone peripheral
Read moreLondon pre-open: Flat start for FTSE
12th Apr 2012 07:27
City sources predict the FTSE 100 will open up 4 points from yesterday's close of 5,635, with investor sentiment somewhat buoyed by gains in the US, but nonetheless dampened by ongoing concerns over the Eurozone. Temporary power and temperature control solutions group Aggreko claims to have had a
Read moreCentamin not slowed much by strike action
12th Apr 2012 07:05
Strike activity in the first quarter did not stop Egyptian gold miner Centamin from posting an increase in production compared to a year earlier. Total gold production for the quarter was 49,071 ounces, a 9% increase on the corresponding quarter in 2011. Despite industrial action hitting production
Read moreWednesday broker round-up - UPDATE
11th Apr 2012 09:36
Barclays: Investec upgrades from hold to buy. Centamin Egypt: Nomura cuts target from 120p to 100p, neutral rating retained. Dignity: Peel Hunt reiterates hold rating and 800p target. Dunelm Group: Investec lifts target from 450p to 500p, hold rating kept; Panmure Gordon keeps buy rating and 600
Read moreFTSE 250 movers: Essar rises as subsidiary makes progress
30th Mar 2012 15:43
Essar Energy was a big riser after it said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat. Miners were also on the rise as they
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