FTSE 250 movers: Ocado shares jump
1st Feb 2011 15:44
Ocado shares are on the surge after the online grocer announced it made a profit in the fourth quarter as a record number of customers pushed sales to an all-time high. Egypt-based miner Centamin rises higher following a reassuring statement over the impact of the current unrest in the country: "Th
Read moreLondon afternoon: Miners and techs in demand
1st Feb 2011 14:15
Shares added to the morning's gains over the lunchtime session, buoyed by the prospect of a firm start on Wall Street. Miners lead the advance, after strong growth in Chinese manufacturing in January, though technology stocks are also in demand. Mining giant Xstrata produced more coking coal, sem
Read moreLondon midday: Shares add more gains
1st Feb 2011 12:07
Shares have moved higher following a decent start this morning, with upbeat company statements spurring buying interest. Strong growth in Chinese manufacturing and hopes of a peaceful resolution to the Egyptian crisis have also cheered investors. Here, the UK manufacturing purchasing managers' inde
Read moreLondon open: Good start for blue chips
1st Feb 2011 08:42
Overnight gains on Wall Street and a positive session in the Far East sent London's blue chip index past 5,900 in early trading. Concern over the situation in Egypt eased a little yesterday, though tensions still remain very high and the oil price spiked higher. Miner, Centamin Egypt said "Recent
Read moreCentamin Egypt reassures over unrest
1st Feb 2011 08:24
Shares in Egypt-based miner Centamin rallied as it issued a reassuring statement over the impact of the curent unrest in the country. "Recent political events in Egypt have not affected the safety of the company's employees or its day to day operations at its flagship project, Sukari. The company l
Read moreMoody's downgrades Egyptian debt
31st Jan 2011 12:37
Ratings agency Moody's has downgraded its rating on Egypt's debt as large-scale demonstrations against the authoritarian rule of president Hosni Mubarak continue. Moody's now has a Ba2 rating on the North African country, from Ba1 previously, and changed its outlook to 'negative' from 'stable'. "T
Read moreFriday tips round-up: AstraZeneca, Mitchells & Butlers, Aquarius Platinum...
28th Jan 2011 06:58
AstraZeneca and the rest of the large pharmas share the same basic problem, that of old drugs coming off patent faster than they can be replaced. The response has generally been to shovel piles of cash towards investors to keep them happy while trying to work out what to do next. AstraZeneca upped
Read moreFTSE 250 movers: Petropavlovsk shines on bullish forecast
27th Jan 2011 14:03
Gold miner Petropavlovsk is putting in a sparkling performance today after the Russia-focused gold miner it forecast production would rise 18% in 2011 even on a very conservative estimate. Its gains are surpassed by two companies that reported yesterday though. Heritage Oil wins back some losses f
Read moreThursday tips round-up: Mouchel, Centamin Egypt, Hambledon...
23rd Dec 2010 06:31
When Mouchel Group on December 6 announced it had received takeover approaches, various names were in the frame, including fellow outsourcers Serco, Mitie and Carillion. No one mentioned Costain. An authoritative note from broker Peel Hunt after the bid approaches were revealed suggests any bidder c
Read moreCentamin looking to double Sukari capacity
21st Dec 2010 15:47
Shares in Egypt-focused gold miner Centamin picked up after a bullish scoping study on its Sukari project upgrade. "Substantially superior comparative project economics were delivered on the 10mtpa plant and required mining scenario compared to the base case 5Mtpa process plant," Centamin said. R
Read moreFTSE 250 movers: Stocks hold off bad weather
21st Dec 2010 15:15
The market has held on to early gains led by paper and packaging group Mondi and information technology services firm Computacenter. Centamin Egypt continues to rise after the results of the Sukari project scoping study showed that the gold miner can more than double the capacity of its process pla
Read moreCentamin reaches high grade ore
19th Oct 2010 14:24
Gold miner Centamin Egypt says it has reached the high grade ore at its Sukari mine. The underground operations should commence commercial production in a few months time. Underground mining contractor Barminco has mobilised additional equipment on the site. Centamin will announce its third qu
Read moreWednesday tips round-up: Hargreaves Services, Hilton Food, Ashmore...
15th Sep 2010 06:54
The three main growth areas for Hargreaves are niche coal supplies in Europe, renewable power and the development of the Tower Colliery in Wales, bought by the miners in 1995 after it was closed down. Tower is to reopen in the spring, the coal extracted over seven years and the site then redevelop
Read moreTuesday tips round-up: BAE Systems, AB Foods, CSR...
14th Sep 2010 06:50
BAE shares have been poor performers since the start of 2009 and various analysts believe the fall has been overdone. Further clarification in the spending review might set nerves at rest, but for now BAE shares sell on a relatively inexpensive seven times this year's earnings with the buttress of
Read moreFTSE 250 movers: Chips not down for CSR
13th Sep 2010 17:35
Bluetooth chip specialist CSR advanced after saying it is using its cash pile of more than $400m (£260m) to buy back as much as $50m (£32m) of shares. Bosses said they are "very confident" in the company's investment case and ability to generate shareholder value. On the downside, Centamin Egypt f
Read more