London 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 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 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 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 moreMARKET TALK: Super-Tax Change Clearly Good For Miners
2nd Jul 2010 07:57
0657 GMT [Dow Jones] The replacement of the Australian resource super profits tax with another regime is clearly good news for all Australian mining companies, says Seymour Pierce. Says this is particularly good for non-ferrous producers such as Norseman Gold (NGL.LN), rated at buy. Says a policy tr
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
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 06:58
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] 0558 GMT [Dow Jones] It is not surprising that Australian government's mining super-tax has not progressed in its original f
Read moreMARKET TALK: Still A Long Way To Go For Australian Mining Tax
2nd Jul 2010 06:58
0558 GMT [Dow Jones] It is not surprising that Australian government's mining super-tax has not progressed in its original form, says a trader, considering the criticism directed towards it. Thinks now that the Australian government has negotiated a reduction in the headline rate to 30% from 40%, i
Read moreFTSE 100 movers: Resources companies hold up index
28th Jun 2010 15:27
Mining companies are helping to keep Footsie modestly ahead on the day. Fresnillo, Randgold Resources, Lonmin and Antofagasta are all higher. Recent index entrant Essar Energy is also strong after an initiation note from JPMorgan Cazenove was published with an overwieght rating for the Indian oi
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
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