Sector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreSector movers: Miners, Media gain
8th Dec 2016 19:24
(ShareCast News) - Shares in steel-makers and most miners were on the front foot following stronger-than-expected export and import figures out of China, while higher prices for steel overnight, in China, pushed stock in Evraz higher. China's exports edged lower by 0.1% year-on-year in November f
Read moreSector movers: Electricity stocks pace gains
28th Nov 2016 14:46
(ShareCast News) - Defensives were again to be found at the top of the leaderboard as longer term market interest rates fell back. Electricty stocks were especially well bid after the collapse of smaller energy supplier GB Energy over the weekend, political intervention in the energy sector is now m
Read moreSector movers: Meggitt, Cobham lift defence stocks
23rd Nov 2016 16:00
(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreSector movers: Construction stock and food retailers under pressure
16th Nov 2016 14:09
(ShareCast News) - Construction stocks were generally lower following a poor trading statement from Barratt Developments, with the home builder coming out and telling clients it had to cut prices at the upper end of the housing stock in the capital. The likes of CRH also came under selling pressure,
Read moreEvraz appoints Nikolay Ivanov as CFO
14th Nov 2016 07:41
(ShareCast News) - Evraz said Nikolay Ivanov had been appointed chief financial officer effective immediately. He succeeds Giacomo Baizini who held the position on an interim basis for four months after the resignation of Pavel Tatyanin. Ivanov will lead the financial unit, as well as supervise th
Read moreSector movers: Miners, US election-related plays lead gains
9th Nov 2016 15:17
(ShareCast News) - Steel and mining stocks led gains for another session, amid widespread gains for most base metals and coal, helped by an initial bout of weakness in the US dollar. As of 1650 GMT, the US dollar was trading higher by 0.47% to 98.32 points after having earlier hit an intra-day low a
Read moreSector movers: Miners rise on signs of good Chinese demand (for now)
8th Nov 2016 13:38
(ShareCast News) - The largest bulk metals miners again paced gains on the market on Tuesday despite data showing falling imports of copper and iron ore from China, for instance. That was because analysts said the latest official Chinese trade data were more nuanced than the headline figures might a
Read moreFTSE 250 movers: JLT and Tullett jag lower, Evraz rides steel spike
8th Nov 2016 12:11
(ShareCast News) - The FTSE 250 was led moderately lower on Tuesday as most markets moved skittishly sideways ahead of a US election that is seen as having potentially widespread implications for the global economy. The expected boost to volatility from global markets was behind a rise of interde
Read moreSector movers: Steel and mining stocks rise as futures surge
7th Nov 2016 15:50
(ShareCast News) - Steel and mining stocks paced gains as key commodity futures surged at the start of the week. On 4 November, the local government of China's largest steel city, Tangshan, issued an urgent notice ordering all coking and sintering plants, together with blast furnaces, to halt produc
Read moreSector movers: Domestic focused shares pace gains
3rd Nov 2016 15:21
(ShareCast News) - Domestic-focused shares paced gains after the High Court ruled that Parliament must approve the Article 50 process. The news set off an immediate bounce in cable, which was 1.07% higher to 1.2434 as of 1540 which fed through into sectors such as general retailers and REITs. Yet t
Read moreSector movers: Industrials, Mining jump
2nd Nov 2016 14:26
(ShareCast News) - Smurfit Kappa drove General Industrials to the top of the leaderboard after reporting that revenues jumped 6% over the three months ending on 30 September, at constant currencies, as volumes increased 3%. Business in the Americas was especially strong, with sales in the region ris
Read moreSector movers: Goldman boosts grocers, Deutsche wary on steel
26th Oct 2016 16:02
(ShareCast News) - Gains for Sainsbury and Tesco saw grocers rise to the top of the leaderboard following upwards price target revisions out of Goldman Sachs, although the underlying commentary was somewhat less than flattering. The broker removed Sainsbury from its 'Conviction' sell-list, 'promotin
Read moreEvraz's third quarter production rises due to repairs at Russian mine
18th Oct 2016 08:16
(ShareCast News) - Steel, iron and coal explorer Evraz's third quarter production increased following repairs at a blast furnace at its Russian mine but output of tubular products fell in North America. During the third quarter the FTSE 250 miner's crude steel output increased by 6.3% to 3.4m, compa
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