FTSE 250 movers: Mining companies hit by pessimistic analysis from Credit Suisse
15th Dec 2014 14:16
Soco International, Afren and EnQuest all rose on Monday after a slight rebound early on in crude futures. That came after Libya declared "force majeure" at two key ports over the weekend, shutting down export capacity equivalent to 560,000 barrels per day. That seemed to give the energy sector a bo
Read moreBarratt Developments and Taylor Wimpey set to join Footsie
4th Dec 2014 08:53
Overnight FTSE announced the results of its quarterly review of the constituents for its UK index series. IMI and Petrofac are to leave the top flight index, with Barratt Developments and Taylor Wimpey set to take their place. Meanwhile, and on the FTSE 250, Barratt Developments, Taylor Wimpey,
Read moreSector movers: Miners sideswiped as Chinese manufacturing stagnates
20th Nov 2014 14:32
UK-listed mining stocks were bearing the brunt of the selling pressure on Thursday as disappointing economic data from across the globe - China in particular - hit market sentiment. Resource shares, often sensitive to news-flow from top metals user China, took a hit when it emerged that the nation's
Read moreFTSE 250 Movers: Miners hit by Chinese data, Inmarsat boosted by new partnership
20th Nov 2014 14:26
Kaz Minerals' shares plummeted alongside other mining companies Ferrexpo, Lonmin, Vedanta, Evraz Hochschild Mining who took a hit following the release of unfavourable Chinese manufacturing data early on Thursday. The slowdown in the pace of manufacturing growth and wider economic concerns caused re
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreSector movers: Mining stocks continue to rise as China concerns ease
14th Oct 2014 14:20
Mining stocks were on the rise again on Tuesday as share prices continued to rebound after a recent slump. Fears about a global economic slowdown have weighed heavily on equity markets over recent weeks with the mining sector bearing the brunt of the sell-off as commodity prices dropped. However, c
Read moreSector movers: Mining stocks rebound after recent drop
13th Oct 2014 13:33
UK-listed mining stocks, which bore the brunt of the recent market sell-off, jumped by an average of 3% on Monday as strong economic data from China prompted investors to hunt for bargains. The FTSE 350 mining sector had by Friday's close fallen by 19% since the end of July as anxieties about slowin
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreLondon open: UK stocks fall for fifth day, but miners advance
13th Oct 2014 08:32
There was no let-up in the selling pressure on Monday as the UK stock market resumed its sell-off despite a strong performance by the mining sector. After falling 2.7% last week, the FTSE 100 was down a further 0.4% at 6,314 in early trading, falling for the fifth session in a row. If the index ends
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreFTSE 250 movers: Broker comment lifts Interserve
8th Oct 2014 16:04
Interserve was one of the day's strongest risers after Berenberg Bank stuck with its 'buy' rating on the stock. Precious metals group Lonmin has returned to full production earlier than expected following a lengthy strike by workers that sent its share price tumbling more than 40% in the year to dat
Read moreFerrexpo to reduce capex amid falling iron ore prices
7th Oct 2014 07:06
Ukraine-focused iron ore producer Ferrexpo said it is looking to scale back on investment in the face of low commodity prices. The company managed to increase pellet production from own ore by 3.7% year-on-year in the nine months to 30 September to 8.1m tonnes. Output had ramped up strong during th
Read moreTuesday preview: BoE credit conditions survey, UK industrial production, GDP estimates
6th Oct 2014 15:10
Tuesday's agenda will be packed with UK macro-economic releases including the Bank of England's (BoE) credit conditions survey, data on industrial output and gross domestic product (GDP) estimates. The BoE's survey will reveal the thoughts of bank and non-bank lenders on credit conditions in the pas
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