FTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreFresnillo full year gold production beats guidance, silver at top end
20th Jan 2016 07:36
(ShareCast News) - Gold and silver miner Fresnillo said full year silver output was at the top end of its guidance while gold production surpassed its estimates and the miner now plans to increase its 2016 production. Full year silver output was up 4.4% versus 2014 at 47m ounces, mostly thanks to hi
Read moreFTSE 100 movers: Miners reverse downward trend
5th Jan 2016 14:02
(ShareCast News) - The FTSE 100 had rebounded from Monday's losses by mid-afternoon Tuesday, with the blue chip index up 39.12 points (0.64%) to 6,132.55. Miners Glencore, Anglo American, Fresnillio and Rio Tinto reversed their losses from the start of the week and led the risers after news the UK c
Read moreFresnillo not suspending operations at Saucito mine
9th Dec 2015 15:36
(ShareCast News) - Fresnillo said operations at its Saucito mine in Mexico will not be suspended after a pipeline burst over the weekend. The silver and gold miner said the incident occurred due to the rupture of a pipeline while non-toxic solution was being pumped from the beneficiation plant to th
Read moreFTSE 100 movers: Miners lead market on back of Chinese data
4th Nov 2015 14:11
(ShareCast News) - The FTSE 100 had a strong start to the day on Wednesday, up 48.94 points (0.77%) to 6,432.55 by mid-afternoon. Glencore was the biggest riser of the day after it reported "significant progress" on plans to cut net debt to the low $20bns by the end of 2016 and increased output from
Read moreLondon close: Stocks end higher after China rate cuts, positive PMIs
23rd Oct 2015 16:19
(ShareCast News) - The FTSE ended the week on a high note after China's central bank cut key rates and as better-than-expected manufacturing reports in the Eurozone and the US boosted investor confidence. The People's Bank of China said it will cut its one-year deposit rate and one-year lending rate
Read moreFTSE 100 movers: China boosts market led by miners
23rd Oct 2015 14:10
(ShareCast News) - The FTSE 100 looked to finish the week on a high, up 80.59 points (1.26%) to 6,456.87 by mid-afternoon Friday and hitting its highest point in over two months. Miners Glencore led the risers, with Fresnillo also featuring in the top 10. It came as the People's Bank of China annou
Read moreLondon midday: Shares fall as BoE's McCafferty calls for rate hike
20th Oct 2015 11:18
(ShareCast News) - London stocks snapped an earlier climb on Tuesday after the Bank of England's well-known hawk Ian McCafferty again called for an interest rate hike. McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, s
Read moreFTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump
14th Oct 2015 14:09
(ShareCast News) - London's FTSE 100 index was down 0.7% to 6,296.01 as worries about a slowdown in the world's second-largest economy continued to undermine sentiment, following the release of disappointing Chinese inflation figures. Shares in luxury fashion retailer Burberry declined for the secon
Read moreFresnillo production on track for upper guidance as silver prices strengthen
14th Oct 2015 09:59
(ShareCast News) - A production update from Fresnillo showed the precious metals miner remains on course to hit its full-year guidance, with third-quarter silver production dwindling to 11.04m oz but almost flat on the previous year and slightly lower than the preceding quarter. The Mexico-based gro
Read moreLondon midday: Stocks slide on quiet day of news and economic data
12th Oct 2015 11:12
(ShareCast News) - London stocks were in the red amid a lack of drivers on a quiet day for news and economic data releases. A rally in Chinese stocks failed to boost the UK market, as the China Securities Journal reported that the deputy governor of the People's Bank of China said the country's s
Read moreLondon midday: Rally in mining stocks boost equities
9th Oct 2015 11:13
(ShareCast News) - The FTSE advanced on Friday at midday, driven by a rally in mining stocks as metal prices rose. Glencore led mining shares higher as investors welcomed its decision to cut 500,000 tonnes or around a third of its annual zinc production as it looks to combat declining prices. "This
Read moreLondon close: Stocks rise after BoE and ECB meeting minutes
8th Oct 2015 16:22
(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e
Read moreSector movers: Metal stocks drive markets up
8th Oct 2015 15:19
(ShareCast News) - Industrial metals helped to prop up London markets again on Thursday, after Jefferies commented optimistically on the metals and mining industry. Towards the end of trading, the FTSE 100 was up 0.45% or 28.44 points higher at 6,364.79, while the FTSE 250 dropped 0.35% or 58.87 poi
Read moreHSBC ups target on Fresnillo following site visit
8th Oct 2015 15:16
(ShareCast News) - Fresnillo has excellent assets and the medium-term outlook for free cash flow generation is strong, according to analysts. After visiting the Mexican producer's operations, HSBC's Patrick Chidley and Botir Sharipov said the company "distinguishes itself from other metals and minin
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