Sector movers: Evraz, Ferrexpo lead industrial miners higher on Ukraine hopes
3rd Sep 2014 16:00
Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday. Steel group Evraz and iron ore producer Ferrexpo, which both have assets eastern Europe, were among the best performers in the sector, up over 5% and 3% in afternoon trade, respectively.
Read moreFTSE 250 movers: Redrow joins housebuilder slide despite strong results
2nd Sep 2014 14:36
Housebuilders were among the worst performing stocks on the FTSE 250 on Tuesday afternoon as rate-hike speculation continued to dominate sentiment. Data released earlier in the session showed that UK construction activity reached a seven-month high in August. Redrow was even in the red despite beat
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreLondon open: UK stocks drop as Ukraine crisis intensifies
6th Aug 2014 09:10
- Russia builds up troop numbers along border - German factory orders slump 3.2% - Ex-div stocks fall, Sage rises after appointing new CEO techMARK 2,728.84 -0.47% FTSE 100 6,646.91 -0.53% FTSE 250 15,263.85 -0.57% UK stocks dropped on Wednesday morning as heightened geopolitical tensions hit risk
Read moreFerrexpo's H1 profits surge as weak Ukrainian currency lowers costs
6th Aug 2014 08:30
Ukraine-focused iron ore group Ferrexpo delivered a strong jump in profits in the first half despite the wider geopolitical crisis, with its bottom line helped by the devaluation of the local currency. The company, whose facilities are located in the central Ukrainian region of Poltava, said that i
Read moreFTSE 250 movers: AO World shares extend drop despite solid Q1
17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read moreFerrexpo still on track for 12m tonne production rate in H2
7th Jul 2014 14:07
Iron ore pellet producer Ferrexpo posted a 2.5% climb in first half own ore production levels, keeping it on track to deliver an annualised production rate of 12m tonnes in the second half. Pellet production from own ore increased from 5.1m to 5.2m, although dropped 7.9% to 2.5m from the first qua
Read moreSector movers: Evraz lifts industrial metals higher
4th Jul 2014 15:48
A surge in the share price of steel group Evraz helped the industrial metal and mining sector to the top of the pile on an otherwise quiet trading session in London. While markets were subdued on the whole, with analysts citing low volumes due to a public holiday in the States, Evraz shares were 5.
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreSector movers: Defensive stocks fall as US data boosts risk appetite
6th Jun 2014 14:17
Consumer-staple stocks were bearing the brunt of an increase in risk appetite on Friday as decent economic data from the States lifted sentiment. The all-important monthly US non-farm payrolls report, which has partly prompted investor caution over the past few sessions in London, came in ahead of
Read moreLondon midday: Stocks rise but markets cautious ahead of Fed decision
30th Apr 2014 11:53
- Markets cautious ahead of FOMC outcome - Eurozone inflation picks up but misses consensus - Heritage Oil jumps on takeover offer - Shell and Tullow lead markets higher techMARK 2,775.59 -0.56% FTSE 100 6,776.83 +0.10% FTSE 250 15,813.39 -0.52% UK stocks were trading slightly higher on Wednesday
Read moreLondon open: Stocks pause at eight-week high ahead of FOMC
30th Apr 2014 09:20
- Stocks pause at highest since March 6th - FOMC meeting, economic data in focus today - Heritage Oil receives takeover offer - Shell, Tullow and Next rise after updates techMARK 2,781.52 -0.35% FTSE 100 6,774.00 +0.06% FTSE 250 15,872.51 -0.15% UK stocks opened broadly flat on Wednesday morning a
Read moreBroker tips: Imperial Tobacco, Legal & General, GlaxoSmithKline...
17th Apr 2014 13:13
Goldman Sachs has removed Imperial Tobacco from its 'Conviction List', saying it sees less potential upside from current levels. Nevertheless, the bank kept its 'buy' recommendation and 2,780p target price. Since being added to the Conviction List at the end of January, the stock has gained nearly
Read moreFerrexpo Q1 update should reassure investors, says Investec
17th Apr 2014 11:33
Investec has reiterated its 'buy' rating and 176p target price for iron ore producer Ferrexpo, saying that production results on Thursday should reassure investors. The company, which is based in Switzerland but operates mainly in Ukraine, expressed its confidence in hitting production targets this
Read moreFerrexpo's production costs fall sharply as Ukrainian currency weakens
17th Apr 2014 07:47
Iron ore group Ferrexpo expressed its confidence in hitting production targets this year after output grew by nearly a tenth in the first quarter. The company, which is based in Switzerland but operates mainly in Ukraine, also said that production costs declined sharply due to the steep devaluation
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