Miners and homebuilders pace losses, precious metals miners shine
9th Jun 2016 14:18
(ShareCast News) - Miners and homebuilders weighed on the main UK equity benchmarks the most, against a backdrop of sovereign bond yields slipping to record lows and some market commentary flagging the risk of sharp drops in equity markets. The yield on the benchmark 10-year Gilt closed one basis po
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreTravel&Leisure stocks pace gains, miners drop
27th May 2016 20:31
(ShareCast News) - Travel&Leisure stocks paced gains on the top flight index at the end of the week, against a backdrop of falling crude oil prices and a perceived reduction in the risk that Britons will vote to leave the European Union on 23 June. As a sector, Travel&Leisure was no longer overbough
Read moreMiners and oil majors lead drop
19th May 2016 20:03
(ShareCast News) - Miners and big oil led the retreat in the stockmarket, with the former coming under profit-taking again as the froth seen in some commodity prices earlier in 2016 continued to come out of the market on Thursday. A sharp jump in Fed funds futures overnight stoked selling by traders
Read moreFTSE 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
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