Wednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreLondon close: Strong performance by stocks as Ukraine tensions ease
4th Mar 2014 16:49
- Stocks soar as sentiment improves over Ukraine - Fresnillo dives as Ashtead leads risers - UK construction PMI below forecasts techMARK 2,921.25 +2.42% FTSE 100 6,823.77 +1.72% FTSE 250 16,698.90 +1.98% UK stocks soared back into positive territory in today's session, erasing all of yesterday's
Read moreFTSE 100 movers: Fresnillo hit by profit drop, Ashtead soars
4th Mar 2014 14:32
The picture on the FTSE was almost the reverse image of yesterday, with Fresnillo and Randgold Resources firmly lower as they tracked metal prices back into the red after rising strongly on Monday, when a reduction in risk appetite pushed investors towards safe-haven assets. Fresnillo in particular
Read moreBroker tips: Royal Mail, Glencore Xstrata, Fresnillo, Ashtead
4th Mar 2014 12:12
The share price of postal and delivery service firm Royal Mail was trading lower on Tuesday after Credit Suisse initiated coverage of the stock with an 'underperform' rating. The Swiss bank has set a target price of 530p, indicating 12% downside potential to current prices. "And for multiples in li
Read moreFresnillo trading on demanding multiples, says Sanlam Securities
4th Mar 2014 11:33
Gold and silver miner Fresnillo was under heavy selling pressure on Tuesday after the company failed to meet analysts' forecasts with its annual results for last year. Equity Analyst Charlie Long from Sanlam Securities said that after 2012, "2013 was a very difficult year with almost all metrics do
Read moreLondon open: Stocks bounce but Ukraine crisis still in focus
4th Mar 2014 08:31
- Markets recover after sell-off - Putin orders troops back to bases - Ashtead, Glencore Xstrata impress with results - Fresnillo disappoints as profits slump techMARK 2,891.69 +1.38% FTSE 100 6,775.50 +1.00% FTSE 250 16,559.83 +1.13% UK stocks bounced strongly on Tuesday morning as sentiment reco
Read moreLondon pre-open: FTSE to regain some of yesterday's heavy losses
4th Mar 2014 07:19
- FTSE to regain around 60 points early on - Yanukovych requested Russia military presence - UK data to be light UK stocks are this morning expected to claw back some of Monday's heavy losses, which saw the FTSE lose more than a hundred points on the back of fears of a war between Russia and Ukrain
Read moreFresnillo's 2013 profits hurt by lower gold output and metal prices - UPDATE
4th Mar 2014 07:10
- Profit and revenue decline - Results hurt by lower gold output and metal prices - Silver output ahead of expectations - Special dividend announced Mining giant Fresnillo reported a drop in 2013 profits and revenues, reflecting a decline in gold production and a fall in precious metal prices. Th
Read moreLondon close: Crisis in Ukraine ensures poor finish for stocks
3rd Mar 2014 16:52
- FTSE ends 101 points lower at 6,708 - Ukraine crisis hits markets across globe - Chinese data weighs heavy - UK, US, Eurozone PMI readings all rise techMARK 2,852.19 -1.81% FTSE 100 6,708.35 -1.49% FTSE 250 16,374.84 -2.10% It was a bad start to the week for UK stocks, which plunged on the back
Read moreTuesday preview: Fresnillo and Glencore Xstrata report annual results
3rd Mar 2014 14:31
Fresnillo is expected to report a decline in full-year annual earnings on Tuesday, reflecting the impact of lower metal prices and a drop in gold production. Numis predicts the miner will post earnings per share of $0.48, compared to $1.03 in 2012 and net profit after tax of $352m. A decline in me
Read moreFTSE 100 movers: Majority of stocks in red as risk appetite weakens
3rd Mar 2014 14:20
UK stocks sank to their lowest levels in two weeks today, with escalating tensions in Ukraine prompting a sharp reduction in risk appetite. This saw investors flee towards safe-haven assets, such as gold and silver, today, pushing the share prices of precious metal producers Randgold and Fresnillo
Read moreLondon midday: Stocks hit two-week low on Ukraine concerns
3rd Mar 2014 11:25
- FTSE 100 at lowest intraday level since February 17th - Ukraine conflict escalates - Stocks with exposure to Ukraine, Russia hit - China manufacturing weakens techMARK 2,842.73 -2.13% FTSE 100 6,683.18 -1.86% FTSE 250 16,345.25 -2.28% UK stocks sank to their lowest levels in two weeks on Monday
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreLondon open: Stocks drop sharply as Ukraine tensions rise
3rd Mar 2014 08:14
- Ukrainian concerns escalate - US condemns Russian military move - Financials fall sharply - Precious metal miners track gold and silver prices higher techMARK 2,867.09 -1.30% FTSE 100 6,744.93 -0.95% FTSE 250 16,488.43 -1.42% UK stocks were sold off sharply on Monday morning on the back of the
Read moreFresnillo announces changes to audit and remuneration commitees
28th Feb 2014 13:19
Mining and exploration group Fresnillo has unveiled several board changes which will take effect at the annual general meeting on May 16th. Javier Fernandez and Fernando Solana have advised the board on their intentions to step down at the AGM. Solana and Fernandez have served the board for five an
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