Centamin CEO has died
17th Nov 2011 14:06
The chief executive officer of gold mining firm Centamin Egypt has died suddenly, the firm said. "It is with great sorrow that the board of Centamin Egypt announces the sudden and tragic passing away today of Harry Michael," the company announced. Josef El-Raghy, the Chairman of Centamin, will
Read moreCentamin Egypt shakes up corporate structure
11th Nov 2011 07:49
FTSE 250 gold mining firm Centamin Egypt has announced a major shake-up which will put in place a new parent company called Centamin PLC - incorporated in Jersey (the 'Redomicile') - on the London Stock Exchange. "The Redomicile will not result in any changes in Centamin's management, operations or
Read moreFTSE 250 Movers: Homeserve shares spring a leak
31st Oct 2011 13:44
Homeserve's share price was leading the way lower after Peel Hunt downgraded the emergency repair services firm from hold to sell, after Homeserve announced that it is to suspend its telesales operation after an independent review. Homeserve saw its shares plummet by over a quarter after the audit
Read moreUPDATE: Monday broker round-up
31st Oct 2011 10:17
Homeserve: Citi retains sell, cuts target to 400p from 430p. Virgin Media: Citi stays at buy, lowers target to $32 from $35.7. Homeserve: Credit Suisse downgrades from outperform to neutral, target cut from 570p to 485p. Removes from small and medium cap Focus list. JJB Sports: Panmure Gordon d
Read moreCentamin Egypt sees production rise
31st Oct 2011 09:16
Centamin Egypt, the gold mining company with operations in the Eastern desert of Egypt, has seen production increase 5% between July and the end of September. The production boost was achieved on gold prices reaching 11% higher than the previous quarter (and a whopping 39% higher than the equivalen
Read moreUPDATE: Thursday broker round-up
20th Oct 2011 09:17
Sports Direct: Singer Capital Markets downgrades from buy to fair value, raises target from 232p to 245p. Home Retail: UBS cuts target from 130p to 110p, keeps neutral rating. Home Retail: Nomura cuts target from 130p to 110p, reduce rating maintained. Home Retail: Singer Capital Markets cuts ta
Read moreFTSE 250 Movers: Centamin rises on buy recommendation
17th Oct 2011 13:06
Centamin Egypt rose to the top spot among FTSE 250 stocks after Investec reiterated its buy recommendation and 164p target on the company. Despite an upgrade from RBS to hold from sell, Jupiter Fund Management was leading the way down as investors still held concerns over the firm's 10% fall in as
Read moreUPDATE: Monday broker round-up
17th Oct 2011 09:31
Fresnillo: UBS cuts target to 1,700p from 2,000p, stays at neutral. Bunzl: Singer Capital Markets downgrades from buy to fair value, target cut from 891p to 710p. Kingfisher: Singer Capital Markets raises target from 260p to 270p. Jupiter Fund Management: RBS upgrades to hold from sell, raises ta
Read moreWednesday tips round-up: Ladbrokes, RWS, Croda...
12th Oct 2011 07:02
When it comes to mergers and acquisitions Ladbrokes is starting to look a bit like the Grand Old Duke of York; the bookmaker marches its way to the top of the hill then marches back down again, according to the Investment Column in the Independent. First it was 888 Holdings and more recently Sportin
Read moreLondon close: Stocks close lower despite rally
11th Oct 2011 16:35
Stocks rallied towards the close as uncertainty over the euro situation continues to stoke volatility, but the top share index still finished in the red. A much awaited vote in Slovakia has yet to take place. Opposition parties in the small central European state could move to block Slovakian appro
Read moreFTSE 250 Movers: Mothercare regains some ground
11th Oct 2011 13:36
Mothercare was topping the FTSE 250 leader board after its chief executive officer of nine years, Ben Gordon, announced that he is leaving the firm "by mutual consent" next month. Petropavlovsk was falling despite being upgraded by Numis from "add" to "buy". Centamin Egypt was also on the up afte
Read moreLondon midday: Stocks fall as euro nerves resurface
11th Oct 2011 12:23
Stocks are firmly in the red now as investors nervously await a vote in Slovakia on ratification of the Eurozone rescue fund. Opposition parties in the small central European state could move to block Slovakian approval of the bailout fund, arguing that they shouldn't have to cough up to help Gree
Read moreUPDATE: Tuesday broker round-up
11th Oct 2011 08:03
Wolseley: RBS cuts target to 2,378p from 2,420p, stays at buy. Premier Oil: UBS upgrades from neutral to buy, cuts target from 445p to 430p. British Land: Alpha value downgrades to 'reduce' from 'add'. Whitbread: Morgan Stanley upgrades to 'overweight' from 'neutral'. Vodafone: Investec reiter
Read moreCentamin Egypt's production jumps in Q3
11th Oct 2011 07:18
Centamin Egypt, the gold mining company, says it has achieved a 67% increase in production at its main Sukari site. The Sukari mine, located in the eastern desert of Egypt, produced 50,539 ounces of gold in the quarter to the end of September, 67% more than the same time last year and a 5% rise on
Read moreLondon pre-open: Pause for breath
11th Oct 2011 07:17
London looks set to take a pause for breath after yesterday's strong showing, with City sources predicting the FTSE 100 will crawl into the fifty-four hundreds after closing last night at 5,399. Engine developer Rolls-Royce has been awarded a $99.9m contract by the US Department of Defense Naval A
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