Thursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreFerrum Crescent missing second round of funding from AAI
30th May 2014 08:22
Ferrum Crescent shares sank after the iron ore developer said it had not received the second payment due from Anvwar Asian Investment (AAI). The financing is being used to complete its bankable feasibility study (BFS) on the Moonlight Iron Ore Project in South Africa. The group has so far received
Read moreFerrum Crescent takes advice after investor delays payment
8th May 2014 14:36
Iron ore miner Ferrum Crescent is seeking advice after an investment partner failed to make a payment for a 10m dollar stake in a South African project. Ferrum is taking the action after Oman-based Anvwar Asian Investment (AAI) requested a delay until May 26th of a second payment for the 35% intere
Read moreFerrum Crescent receives funding for South African iron project
28th Mar 2014 16:15
AIM-listed metal explorer Ferrum Crescent on Friday received the first tranche of funding from an investor for an iron ore project in South Africa. The payment, which totalled $500,000, follows Anvwar Asian Investment's agreement to vest at 35% interest in the subsidiary company holding the Moonlig
Read moreFerrum Crescent reaches final agreement with AAI on Moonlight project
18th Mar 2014 10:09
Ferrum Cresent shares rose strongly on Tuesday after the group announced it had signed a final investment agreement with Anvwar Asian Investment (AAI) to progress the bankable feasibility study (BFS) at the Moonlight Iron Ore Project in South Africa. The company will be paid a total of $10m by AAI
Read moreFerrum Crescent confirms ongoing discussions on feasibility study
5th Sep 2013 08:47
Ferrum Crescent, whose share fell almost 16 per cent in early trading on Thursday, that day released a statement saying it notes the recent share price movement and confirmed it is still in discussions with strategic partners to progress the Bankable Feasibility Study at Moonlight. Declines in the
Read morePrudential Chairman keeps the faith
3rd Apr 2013 16:05
Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year
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