FTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreFTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
Read morePrecious metals miners jump as Fed rate hike calls pushed back
6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreBroker tips: Premier Foods, Fresnillo, Ashmore Group
19th Apr 2016 16:02
(ShareCast News) - Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick. The Swiss bank retained its 'outperform' rating on the Mr
Read moreFresnillo downgraded to 'sell' from 'reduce' by Numis
19th Apr 2016 10:51
(ShareCast News) - Fresnillo's stock was downgraded to 'sell' from 'reduce' and its target price left at 800p on Tuesday by Numis. Numis said the miner reported a solid first quarter performance last week, "however, at 2.27x premium to net asset value and with significant risk associated with the ex
Read moreLondon pre-open: Stocks seen higher after China trade data
13th Apr 2016 07:32
(ShareCast News) - London stocks were set for a positive open on Wednesday, taking their cue from an upbeat session in Asia after encouraging Chinese trade data. The FTSE 100 was seen starting 33 points higher than Tuesday's close at 6,275. China's yuan-denominated exports rose 18.7% in March compa
Read moreFresnillo Q1 gold production rises; on track to meet FY targets
13th Apr 2016 07:04
(ShareCast News) - Mexican miner Fresnillo said first quarter gold production was up 26.3% to 230,000 against the same period last year and up 6.5% when compared with the fourth quarter of 2015, adding that it was on track to meet 2016 production targets. This was mainly due to a higher speed of rec
Read moreBroker tips: Kingfisher, Mitie, gold stocks
24th Mar 2016 13:36
(ShareCast News) - Societe Generale upgraded B&Q owner Kingfisher to 'hold' from 'sell' and lifted the price target to 359p from 333p following the company's results on Wednesday. The bank said some early signs of recovery in the French home improvement market, together with a weaker reporting curre
Read moreGold stocks will continue to outperform, says Goldman Sachs
24th Mar 2016 09:46
(ShareCast News) - Goldman Sachs downgraded Gold Fields and Fresnillo as it took a look at gold producers, but kept its positive stance on AngloGold and Centamin, saying fully-covered dividends and sound balance sheets were a rarity in the mining sector. It cut South Africa's Gold Fields to 'sell' f
Read moreSector movers: Miners buried under by rising US dollar
23rd Mar 2016 15:43
(ShareCast News) - Miners sank to the bottom of the pile on Wednesday continued more hawkish Fedspeak weighed on commodity prices amid lower than usual trading volumes ahead of Easter. Bloomberg's Commodity index had retreating 1.81% to 160.85 as of 18:18GMT, while the US dollar spot index moved cau
Read morePromotion for Charles Jacobs on Fresnillo board
26th Feb 2016 07:44
(ShareCast News) - Fresnillo announced the promotion of a board member on Friday, saying Charles Jacobs would become a senior independent director. The move would take effect from the company's annual general meeting on 3 May. Jacobs, a corporate lawyer, was currently an independent non-executive d
Read moreFTSE 100 movers: Rolls-Royce leads index higher
12th Feb 2016 14:09
(ShareCast News) - The FTSE 100 was set to end the week having reduced some of its losses, with the index up 108.93 points (1.97%) to 5,645.90. Rolls-Royce Holdings led the charge as it cut its final and next interim dividend by 50% and dismissed the need for a rights issue. Lifting the mood, full
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
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