Thursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read morePearson's Ethridge cashes in ADRs
2nd Sep 2013 15:07
The head of Pearson's North America business raised almost a million dollars by selling American depositary receipts (ADRs) in the education publishing giant. Will Ethridge, who leaves Pearson at the end of 2013, sold 50,000 ADRs on August 30th for $19.6782 (£12.62) each - a total of $983,910. Pear
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreCoal of Africa's production hit by strikes
1st Feb 2013 09:48
Coal of Africa on Friday said production fell over the last three months of 2012 following strikes at its Mooiplaats mine in South Africa. The mining company reported a 24% quarter-on-quarter drop in run of mine coal output from 1.52m tonnes to 1.15m tonnes. Coal sales to the domestic market decl
Read moreCoal of Africa receives 80m dollars from Beijing Haohua Energy
1st Feb 2013 09:17
AIM-listed mining company Coal of Africa has confirmed the receipt of 80m dollars for the conditional placement from Haohua Energy International company. This followed regulatory approvals from the Australian Foreign Investment Review Board, authorities in the People's Republic of China and approva
Read moreCoal of Africa boosted by speedy subscription process
9th Jan 2013 14:00
South African mining company Coal of Africa saw its shares rise after a wholly-owned subsidiary of Beijing Haohua Energy told the miner that it has received the requisite approvals ahead of schedule from the relevant Chinese authorities giving the go-ahead for the subscription for 100m dollars worth
Read moreCoal of Africa signs coal trading deal
7th Jan 2013 09:28
Coal of Africa (CoAL) jumped over 10 per cent after it announced a marketing deal designed to boost exports of its coking and thermal coal. The firm said it had signed a binding memorandum of understanding with the Vitol Group, making it the company's exclusive marketing agent for all export therma
Read moreCoal of Africa reinstates 178 miners following initial dismissal
13th Dec 2012 09:26
South African mining company Coal of Africa has reinstated 178 miners who were dismissed six days ago for engaging in a four-day unprotected strike. The company, which operates the Mooiplaats coal mine in the Mpumalanga province in South Africa, advised that it had signed a Memorandum of Understand
Read moreCoal of Africa plummets after Save Mapungubwe coalition withdrawal
10th Dec 2012 07:22
South African mining company Coal of Africa's share price plummeted on Monday morning following news that the Save Mapungubwe Coalition had withdrawn from a Memorandum of Understanding with the company. The Memorandum of Understanding was signed in November 2011 committing both parties to working t
Read moreCoal of Africa dismisses striking miners at Mooiplaats
7th Dec 2012 07:58
AIM-listed mining company Coal of Africa has dismissed 178 miners for engaging in a four-day unprotected strike. The dismissed employees, who constituted 48% of the mine's total workforce, were affiliated to the National Union of Mineworkers and were part of the wages collective bargaining unit. Th
Read moreCoal of Africa falls following strike at Mooiplaats mine
4th Dec 2012 14:24
Coal of Africa, a South Africa-based mining exploration and development company, fell on Tuesday on confirmation that employees at its Mooiplaats mine in South Africa have gone on strike. The employees, who are associated with the National Union of Mineworkers, were protesting against the suspensio
Read moreMooiplaats strikers accept Coal of Africa's improved offer
2nd Nov 2012 08:46
Miner Coal of Africa said that the National Union of Mineworkers in South Africa has called off the strike at the firm's Mooiplaats colliery after agreeing to an improved pay offer. Workers at the mine went on strike on Tuesday after the union rejected the company's offer of a 22% pay rise. They re
Read moreCoal of Africa up 23 percent
1st Oct 2012 10:39
Australian mining minnow Coal of Africa has shot up 23% following news that it has placed 100m dollars of shares at a price of 25p a share with Haohua Energy International, owned by Chinese coal producer Beijing Haohua Energy Resource. The placement has been structured in two tranches: an initial 2
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