Precious metals slump weighs on Fresnillo performance
4th Aug 2015 08:36
(ShareCast News) - Mining company Fresnillo blamed lower precious metals prices for a drop in first half profit, as it reduced its capital expenditure forecasts for the year. The gold and silver miner posted profit down 44.3% to $76.4m, and noted silver prices were down by 18%, while gold was down 7
Read moreFTSE 100 movers: Intertek surges on first-half numbers but miners slump on China woes
3rd Aug 2015 16:40
(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. Intertek surged after posting a 16% rise in first-ha
Read moreFTSE 100 movers: Reckitt Benckiser, Randgold, Centrica
27th Jul 2015 18:48
(ShareCast News) - Reckitt Benckiser bumped up its target for like-for-like revenue growth and investors did the same with stock in the consumer goods giant. Pre-tax profit for the six months ended 30 June came in at £912m from £838m in the same period last year, on net revenue of £4.36bn, up 4% fro
Read moreFTSE 100 movers: Easyjet soars on higher earnings outlook, insurers extend gains
22nd Jul 2015 14:40
(ShareCast News) - London markets edged lower on Wednesday after the Bank of England's rate-setting meeting had investors fretting about inflation risks. As of 15:00, the FTSE 100 was trading 1.4% lower at 6,672. Leading the fallers was ARM Holdings, which dropped after the chip maker reported seco
Read moreFresnillo's interim production rises, lifts annual gold output guidance
22nd Jul 2015 09:02
(ShareCast News) - Mining giant Fresnillo reported a significant increase in gold and silver output in the first half of 2015. The group said silver production in the first six months of the year amounted to 23.8m ounces, a 10.6% increase year-on-year, as lower production from its Fresnillo mine in
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read moreFTSE 100 movers: Sports Direct kicked higher, Pearson spikes on FT rumours
20th Jul 2015 14:02
(ShareCast News) - London markets inched higher on Monday as weakness in the commodities market was outshone by strength in the pharmaceutical, technological and financial sectors. As of 14:15 BST, the FTSE 100 was trading 0.23% higher at 6,791. Sports Direct International topped the risers as Exan
Read moreFTSE 100 movers: Shire higher on positive broker coverage, Rio Tinto boosted as production improves
16th Jul 2015 14:47
(ShareCast News) - London markets inched higher on Thursday, spurred on by reports of progress in Greece and strong performances from oil, engineering and property stocks. As of 1430 BST, the FTSE 100 was trading 0.6% higher at 6,791. Shire got a leg up as Berenberg re-initiated coverage of the sto
Read moreFTSE 100 movers: Anglo American leads miners higher, Burberry hit by weak Asian sales
15th Jul 2015 14:36
(ShareCast News) - London markets were subdued on Wednesday, as strong performances from telecommunications, insurance and property stocks were offset by weakness in the oil, engineering and software sectors. As of 14:30 BST, the FTSE 100 was trading flat at 6,762. On the corporate front, Anglo Ame
Read moreFTSE 100 movers: Travel and banking stocks surge, miners decline
1st Jul 2015 13:05
London markets were buoyed by strength in the travel and banking sectors, which offset weakness in mining and oil stocks. As of 14:30 BST, the FTSE 100 was trading 1.5% higher at 6,617. Travel and leisure stocks including Easyjet, IAG, TUI and IHG rebounded after a recent sell-off. The sector had b
Read moreLondon close: FTSE sinks to five-month low as final act of Greek drama unfolds
29th Jun 2015 16:54
Heavy falls in the travel, tourism and financial sectors prompted a 2% plunge on the FTSE 100 on Monday as investor sentiment was hammered by concerns about the future of Greece and the wider Eurozone. The FTSE 100 finished 133.22 points lower (-1.97%) at 6,620.48 by the end of the session, its lowe
Read moreFTSE 100 movers: Financials and travel stocks plunge, gold miners higher
29th Jun 2015 13:19
UK markets plummeted on Monday, as Greece closed its banks and called a public vote to determine its future within the Eurozone. With just seven stocks on the FTSE 100 in positive territory, the UK index was down 1.5% at 6,655 as of 14:30 BST. Travel tour operator TUI dropped sharply as investors e
Read moreLondon midday: Stocks slide as Greece shuts banks, calls referendum
29th Jun 2015 11:33
UK stocks slid sharply on Monday after Greece shut its banks and called a public vote to decide the fate of its future within the Eurozone. With just three stocks on the FTSE 100 in positive territory, the UK index was down 1.63% at 6,643.30 by midday. The index had dropped to a low of 6,598.64 earl
Read moreLondon open: Greek chaos sparks market sell-off; airline stocks drop
29th Jun 2015 09:17
The UK stock market and indices across Europe suffered a steep sell-off on Monday morning after Greece imposed capital controls and called for a referendum on bailout terms, pushing the country nearer to an exit from the Eurozone. Prime Minister Alexis Tsipras announced on Saturday that the governme
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
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