FTSE 250 movers: Oil surge lifts mid-caps, N Brown down
10th Oct 2016 15:43
(ShareCast News) - Led by a group of resources stocks and a late surge in oil prices, the FTSE 250 moved into positive territory on Monday afternoon. Copper-focused Kaz Minerals and steel maker Evraz topped the leader board ahead of their third-quarter production updates later this month. There
Read moreSector movers: Evraz pushes to fresh 52-week high
3rd Oct 2016 19:18
(ShareCast News) - Slightly better-than-expected Chinese economic data saw shares in Russia-focused steel-maker Evraz notch a fresh 52-week high at 180.0p, taking its sector gauge higher with it. Over the weekend, the official Chinese manufacturing sector purchasing managers' index for the month of
Read moreFTSE 250 movers: Henderson and Evraz rocket
3rd Oct 2016 16:20
(ShareCast News) - Henderson Group lit a fire under listed fund managers after agreeing to a $6bn tie-up with US-based rival Janus Capital, alongside a proposal to cancel the company's FTSE 250 listing, although the Australian listing will be kept. Combined, they will have more than $320bn assets un
Read moreSector movers: Hard Brexit concerns weigh on life insurers
26th Sep 2016 15:21
(ShareCast News) - Reports suggesting that Britain might be leaning towards a hard Brexit took their toll on the UK life insurance sector and weighed on cable in the process. Also over the weekend, reports also cited the Foreign Secretary as having indicated that an exit from the European Union migh
Read moreSector movers: Miners boosted by positive broker views
21st Sep 2016 14:50
(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space. Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases. On Anglo American, the broker
Read moreFTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low
21st Sep 2016 14:22
(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%
Read moreSector movers: Miners and oil service firms pace gains
19th Sep 2016 16:22
(ShareCast News) - Miners were pushed higher by rising prices for metals and positive comments from some top brokers. Contributing to the price action, analysts at Credit Suisse bumped up their 2017 price projections for thermal and coking coal, from $55 and $94 per tonne to $60 and $119, respective
Read moreFitch removes Evraz from Watch Negative
14th Sep 2016 18:24
(ShareCast News) - Evraz's progress in lowering its absolute levels of debt and the outlook for roughly stable steel prices led one of the world's three largest ratings agency to remove the company's debt ratings from its blacklist. Fitch Ratings reaffirmed its BB- rating on Evraz's long-term debt,
Read moreSector movers: Beverage stocks pace gains
13th Sep 2016 16:39
(ShareCast News) - Defensive issues took over from cyclicals, with beverage stocks climbing to the top of the leaderboard on the back of positive broker commentary. Analyst Charles Pick at Numis bumped up his recommendation on shares of AG Barr from 'hold' to 'add' ahead of the company's next set of
Read moreSector movers: Big Oil, Banks weigh most
6th Sep 2016 13:36
(ShareCast News) - Industrial Metals & Mining topped the leaderboard thanks to an ongoing bounce in Evraz´s shares, although some brokers were skeptical regarding the chances for the global overhang in steel supply to be resolved any time soon. Commenting on the initiative put in place the day befor
Read moreSector movers: Big Oil, Industrial Metals pace gains on heels of G-20
5th Sep 2016 15:21
(ShareCast News) - Big Oil again lent its heft to the market´s advance after Russia and Saudi Arabia unveiled an agreement to collaborate in the energy space. In a statement issued at the Group of 20 meeting in Hangzhou,China the oil producers said they would set up a working group to monitor the ma
Read moreThursday broker round-up
1st Sep 2016 18:52
(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit
Read moreSector movers: Banks and insurers pace gains, Evraz and miners drag
30th Aug 2016 22:07
(ShareCast News) - Cyclicals drove gains on the FTSE indices as trading resumed after the Bank holiday, although it was food producers which did best, with an upgrade out of RBC giving shares in Associated British Foods a boost. The broker upgraded its recommendation on stock in the owner of Primark
Read moreFTSE 250 movers: JRP Group, housing stocks rally
23rd Aug 2016 14:32
(ShareCast News) - The FTSE 250 gained 0.78% to 18,010.36 points on Tuesday afternoon. JRP Group was the biggest riser on London's second tier index after the financial services group said trading to the end of July since its update on 11 May continued in line with expectations. The company said it
Read moreSector movers: Real estate, homebuilders limit losses
22nd Aug 2016 15:44
(ShareCast News) - Real Estate Investment Trusts and Home Construction stocks paced gains at the start of the week, buoyed by a large drop in longer-term Gilt yields and reports that Westminster might be readying a multi-billion pound fund to support property developers in a bid to stimulate the UK'
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