London 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
Read morePromotion for Charles Jacobs on Fresnillo board
26th Feb 2016 07:44
(ShareCast News) - Fresnillo announced the promotion of a board member on Friday, saying Charles Jacobs would become a senior independent director. The move would take effect from the company's annual general meeting on 3 May. Jacobs, a corporate lawyer, was currently an independent non-executive d
Read moreFTSE 100 movers: Rolls-Royce leads index higher
12th Feb 2016 14:09
(ShareCast News) - The FTSE 100 was set to end the week having reduced some of its losses, with the index up 108.93 points (1.97%) to 5,645.90. Rolls-Royce Holdings led the charge as it cut its final and next interim dividend by 50% and dismissed the need for a rights issue. Lifting the mood, full
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreFTSE 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 more