Wednesday tips round-up: HSBC, Taylor Wimpey, Mouchel...
4th Aug 2010 06:42
HSBC is present in 87 countries around the world but is, sensibly, focusing its firepower on Asia because it believes the Chinese economy will outstrip the US by 2020. The market is expecting substantial increases in the dividend payment over the next few years with the prospective yield for the sh
Read moreFresnillo profit soars 82%
3rd Aug 2010 07:11
Mexico based precious metal miner Fresnillo said high silver and gold prices helped it post an 82% surge in half year net profit and it is on track to reach its gold and silver production targets for the full year. Net attributable profit rose to $220.7m for the six months to 30 June 2010 from $12
Read moreEARNINGS PREVIEW: Fresnillo 1H Ebitda Seen Up 51%
2nd Aug 2010 13:38
Fresnillo (FRES.LN): 1H10 Earnings Due: August 3 at 0600 GMT Company Survey of 6 Analysts Average 1H Revenue: $570.6M, up 51% ($378.9M in 1H 2009) Average 1H Ebitda: $306.5M, up 51% ($203.4M in 1H 2009) Average 1H EPS: $0.292, up 73% ($0.169 in 1H 2009) Note: First half results are expected to r
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreLondon midday: ICAP leads the slide
14th Jul 2010 12:04
London looks like it is pausing for breath after the recent good run that has seen the FTSE 100 index advance by 8% over the last week. As has been the case every day this week, BP is in focus but the slant on the news today is downwards. The company has delayed a pressure test on the newly instal
Read moreUPDATE:Fresnillo 2Q Silver Output Rises;Upbeat On Exploration
14th Jul 2010 09:44
(Adds details.) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mexican precious metals miner Fresnillo PLC (FRES.LN) Wednesday reported record quarterly gold and silver production and said its exploration program is delivering positive results. London-listed Fresnillo
Read moreFresnillo Reaffirms '10 Average Gold, Silver High Price Outlook
14th Jul 2010 08:36
LONDON (Dow Jones)--Mexican precious metals miner Fresnillo PLC (FRES.LN) reaffirmed Wednesday its expectations that gold and silver prices will remain high in 2010, driven by a combination of strong investment and industrial demand for the two precious metals. Octavio Alvidrez, Fresnillo's head
Read moreNew records for Fresnillo
14th Jul 2010 07:49
Silver miner Fresnillo made new production records in the second quarter and first half of 2010 following a "modest" increase in output during the period. Just over 9.6m ounces (moz) of silver was produced in the three months to 30 June, up 0.3% on the same time last year, while first-half producti
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0628 GMT [Dow Jones] Fresnillo (FRES.LN) second quarter output is "broadly in line with expectations," says Cailey Barker of
Read moreMARKET TALK: Fresnillo 2Q Silver, Gold Output Broadly In Line
14th Jul 2010 07:28
0628 GMT [Dow Jones] Fresnillo (FRES.LN) second quarter output is "broadly in line with expectations," says Cailey Barker of Numis. He notes that attributable silver production of 9.62 million troy ounces was broadly in line with his expectations of 9.7 million ounces while attributable gold product
Read moreFresnillo 2Q Silver Output At 9.62M Oz, Up 0.3% On Year
14th Jul 2010 07:20
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mexican precious metals miner Fresnillo PLC (FRES.LN) Wednesday reported a 0.3% rise in second quarter silver production and said its Soledad-Dipolos mine continues to ramp up gold output. London-listed Fresnillo, the world's
Read moreLondon open: Slow start for Footsie
5th Jul 2010 08:42
Early gains for Footsie have disappeared quickly in the face of a poor start for the miners and the absence later on of Wall Street, closed for Independence Day. BP is one of the gainers on reports the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] The replacement of the Australian resource super profits tax with another regime is clearly good news fo
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