Thursday broker round-up
26th Jul 2018 13:01
(Sharecast News) - Beazley: Berenberg upgrades to buy with a target price of 640p.
Read moreFresnillo Q2 silver production gets boost from San Julian
25th Jul 2018 07:33
(Sharecast News) - Fresnillo said second quarter silver production rose 5.7% to 15.34m ounces, including Silverstream, mainly due to the start up of operations at San Julian.
Read moreCommodities: Crude shrugs off US inventories rise to soar as gasoline stocks fall
9th Feb 2017 15:51
(ShareCast News) - Crude-oil futures soared ahead on Thursday amid overall cautious trade after shrugging off the sell-off it experienced earlier this week on the back of hefty rises in US inventories. At 15:16 GMT, Nymex-priced West Texas Intermediate crude was up 1.26% to $53.00 a barrel, followed
Read moreWednesday broker round-up
8th Feb 2017 11:50
(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t
Read moreSector movers: Aerospace & Defence, Mining lead gains
7th Feb 2017 14:41
(ShareCast News) - Strength in the US dollar helped drive gains in Aerospace&Defence. In remarks on Monday evening, the president of the US federal reserve bank of Philadelphia, Patrick Harker, reiterated his support for three interest rate hikes over the course of 2017. Indeed, in his opinion a fi
Read moreFTSE 100 movers: Tesco gains while Sainsbury's loses out
27th Jan 2017 15:38
(ShareCast News) - The FTSE 100 index rose 0.17% to 7,173.75 in the late afternoon. Supermarket giant Tesco climbed as it announced it has agreed to merge with the UK's largest food wholesale operator Booker Group. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new
Read moreFresnillo achieves record gold, silver production
25th Jan 2017 07:06
(ShareCast News) - Fresnillo achieved record gold and silver production in 2016, even though the miner experienced some delays in implementing its turnaround plan. The FTSE 100 miner set a target for an average development rate of 4.8m per month, and experienced "some issue during the year" in imple
Read moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read moreSector movers: Miners boosted by yuan strength
5th Jan 2017 15:35
(ShareCast News) - Miners and oil related companies were leading the pack north after China's currency rose for a second day, boosting prices for most commodities. As of 0720 GMT the onshore yuan was trading at 6.8120 against the US dollar and was up by 0.80% against the greenback, its best level si
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreSector movers: Electricity stocks pace gains
28th Nov 2016 14:46
(ShareCast News) - Defensives were again to be found at the top of the leaderboard as longer term market interest rates fell back. Electricty stocks were especially well bid after the collapse of smaller energy supplier GB Energy over the weekend, political intervention in the energy sector is now m
Read moreSector movers: Meggitt, Cobham lift defence stocks
23rd Nov 2016 16:00
(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,
Read moreLondon close: Blue chips slide, led by gold-exposed miners amid profit-taking
10th Nov 2016 17:01
(ShareCast News) - London blue-chip stocks fell on Thursday as traders took profits stoked by Donald Trump's election win, with gold-exposed miners, pharmaceutical and US rates-sensitive utilities all flopping. The FTSE 100 ended the session down 1.21% to 6,827.98 points, somewhat out of kilter with
Read moreFresnillo's Q3 gold and silver production rises
12th Oct 2016 07:05
(ShareCast News) - Precious metals miner Fresnillo reported an increase in silver and gold production during the third quarter at its Mexico mines on Wednesday, while the turnaround plan at the company continued to progress, but not at the pace expected. Chief executive Octavio Alvídrez, said: "The
Read moreMorgan Stanley ups Fresnillo to 'equalweight', says more fairly priced
27th Sep 2016 14:06
(ShareCast News) - Morgan Stanley upgraded its stance on silver miner Fresnillo to 'equalweight' from 'underweight' and lifted the price target to 1,620p from 1,520p, saying the risks are now more fairly priced. The bank said the modest de-rating of the stock leaves the equity better priced to refle
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