Sector movers: US jobs data gives cyclicals a boost
5th Aug 2016 15:30
(ShareCast News) - The wheels of the market turned in favour of cyclicals at the end of the week, following the release of a much stronger-than-expected reading on the state of the US jobs market. Although economists still appeared to be somewhat divided on whether the US central bank would finally
Read moreWednesday round-up
3rd Aug 2016 12:13
(ShareCast News) - Laird: UBS upgrades to buy with a target price of 350p. Direct Line Group: Deutsche Bank maintains buy with a 435p target. Associated British Foods: Exane BNP Paribas reiterates outperform with a 3300p target. Sky: Goldman Sachs reiterates buy with a target price of 1029p. Fres
Read moreFresnillo left at 'sell' by Numis after half year results
3rd Aug 2016 09:42
(ShareCast News) - Numis reiterated a 'sell' rating and target price of 1,400p for Fresnillo on Wednesday after the miner reported its first half results. While Fresnillo reported first half financials that beat consensus, Numis believes the company is "trading too high relative to peers despite bei
Read moreFresnillo shines in first half as metals price rise boosts sales, profits
2nd Aug 2016 07:14
(ShareCast News) - First-half silver and gold production rises of 6% and 23% respectively combined with a Brexit-led recovery of the gold price and devaluation of the Mexican peso/US dollar exchange rate helped to boost Fresnillo core earnings before interest, tax, depreciation and amortisation to $
Read moreFTSE 100 movers: Property stocks rally, miners slide
20th Jul 2016 16:42
(ShareCast News) - The FTSE 100 gained 0.47% to 6,728.99 points at the close, buoyed by a rally in real estate and housebuilder stocks. Real estate investors and housebuilders, including Land Securities and Persimmon, a day after a report by the Centre for Economics and Business Research (Cebr) cons
Read moreFresnillo boosts gold production guidance after second quarter
20th Jul 2016 07:55
(ShareCast News) - Fresnillo posted a quarterly production update for the three months to 30 June on Wednesday, with silver production improving 14.5% year-on-year to 30 moz. The FTSE 100 firm said silver production was up 6.3% over the first quarter, with first half silver production of 25.2 moz a
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreFTSE 100 movers: Antofagasta leads miners' rise and Barratt the builders' fall
13th Jul 2016 13:36
(ShareCast News) - The FTSE 100 index was scuttling crabwise on Wednesday, as markets held their powder dry as Britain appointed a new Prime Minister later in the day and a day ahead of the Bank of England expected policy tinkering. Commodities heavyweights Antofagasta, Glencore, BHP Billiton and
Read moreSector movers: House builders and banks rally
8th Jul 2016 18:37
(ShareCast News) - House builders, banks topped the blue-chip winners' ladder at close of play on Friday, having last week and this suffered under the shadow of Britain's non-binding vote to quit the EU. Taylor Wimpey, Berkeley Group, Barratt Developments and Persimmon sprinted higher with gains of
Read moreMiners and defensives pace gains
4th Jul 2016 14:30
(ShareCast News) - Miners were doing best among the main market groups, with some market commentary referencing the boost to commodity prices from heightened expectations for further monetary stimulus from several of the world´s main central banks, while the Federal Reserve could be expected to stay
Read moreFresnillo shares rise on San Julián project update
4th Jul 2016 12:06
(ShareCast News) - Shares in mining titan Fresnillo are up almost 7% against a falling market after confirming construction of the San Julián project, phase 1, completed on time and on budget. This included testing of the facilities and initial processing of ore. It said it was addressing a minor te
Read moreBroker tips: ITV, Randgold Resources, Fresnillo, UK banks
27th Jun 2016 17:00
(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'. That was true e
Read moreSector movers: Real estate and financial services shares weigh the most
27th Jun 2016 16:22
(ShareCast News) - Falls among smaller UK-focused shares weighed the most on the stockmarket, taking the second-tier FTSE 250´s cumulative two-day decline to 14% - its biggest since 1987. The FTSE 250 lost 1,120.19 points or 6.96% on Monday to end the session at 14,967.86. Real estate investments t
Read moreGoldman Sachs upgrades Randgold and Fresnillo
27th Jun 2016 14:18
(ShareCast News) - Precious metals miners Randgold Resources and Fresnillo were among the few gainers in equity markets on Monday again as gold prices hit a two-year high and supported by upgrades from Goldman Sachs. Goldman said in a note that it has lifted its gold price forecast for the second ha
Read moreSunday share tips: EasyJet, Randgold, Imperial Brands, AstraZeneca
26th Jun 2016 14:03
(ShareCast News) - Sell EasyJet shares due to the likely turbulence sparked by the Brexit vote, said the Sunday Times' Inside the City column. The budget airline was created by Stelios Haji-Ioannou in the wake of the 1992 European Union Treaty on Open Skies, one of the supposedly rare bits of Brusse
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