Tuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreSector movers: Industrial metals weighed down by Chinese slowdown, falling copper prices
24th Jun 2013 14:56
Industrial metals and mining stocks were again among the worst performers on Monday, bearing the brunt of another market-wide sell-off as concerns over slowing growth in China hit the outlook for demand. Goldman Sachs has joined a growing list of brokers to cut its growth forecasts for the Asian po
Read moreSector movers: Industrial metals fall, risk appetite declines ahead of Fed
19th Jun 2013 15:00
Falling risk appetite on equity markets on Wednesday resulted in some weakness in the industrial metals and mining sector. Jitters were getting the best of investors this afternoon ahead of the all-important Federal Reserve policy decision later on this evening. Markets are waiting to see whether
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreFTSE 250 movers: Resources lead the rise after recent slump
14th Jun 2013 15:05
Resource stocks were making advancing strongly on the FTSE 250 on Friday as the sector rebounded after a turbulent week owing to the wider market volatility. Oil explorer Afren led the risers with a gain of nearly 9.0% as West Texas crude oil prices rose to a nine-month high of $98.02 a barrel (up
Read moreSector movers: Metal miners strengthen on lifting of Chinese restriction
13th Jun 2013 15:36
The industrial metals and mining sector was in favour on Thursday, led by a bounce in the price of copper and scrapping of Chinese import restrictions. Evraz led the sector due in part to the complex readjustments made by fund managers as the Russian metals giant received its marching orders from
Read moreSector movers: Mining sector at three-year lows after Chinese data
10th Jun 2013 15:35
Mining stocks were out of favour on Monday afternoon on the back of concerns about a slowing Chinese economy, with the sector falling to its worst levels in three years. Plummeting commodity prices, a slowdown in Chinese growth and worries that stimulus measures in the US could soon be scaled back
Read moreFTSE 250 movers: Ocado jumps to all-time high
10th Jun 2013 14:57
Online grocery firm Ocado was the standout performer on the second-tier FTSE 250 index on Monday afternoon, rising to his highest ever level since it debuted on the stock market in July 2010. While there's no newsflow, one trader told Sharecast that today's moves are likely a result of 'short-seller
Read moreMonday broker round-up UPDATE
13th May 2013 07:18
Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group
Read moreFerrexpo reports increase in first quarter production
10th May 2013 08:36
Ferrexpo achieved a 10 per cent increase in total pellet production in the first quarter compared to the previous year. Production of pellets increased to 2.5bn tonnes from 2.3bn tonnes in the first three months of 2013 and sales volumes rose by 15% year-on-year to 2,565 tonnes from 2,238. Sales v
Read moreSector movers: Metal miners strengthen on China data
8th May 2013 14:49
Metals stocks strengthened on Wednesday on reports of China's higher than expected trade surplus in April, with both imports and exports exceeding market expectations. The commodity sector was further encouraged by German industrial production rising 1.2% in March when a decline had been anticipate
Read moreFTSE 250 movers: Man Group rises on anticipated boost to EPS
3rd May 2013 15:24
Investment management firm Man Group jumped after it said that 2013 earnings per share (EPS) would be helped after a change in its regulatory status boosted surplus regulatory capital, allowing it to call/redeem certain debt securities. The strong rise came despite it saying that flows in the first
Read moreFTSE 250 movers: Dixons Retail rises on new deal
22nd Apr 2013 16:19
Dixons Retail, the electrical retailer and services group, saw its shares climb after it announced an agreement to sell Webhallen to Komplett As, a Norwegian based e-commerce company for a cash consideration of approximately SEK140m. The sale of Webhallen, a subsidiary of PIXmania S.A.S, is expected
Read moreBroker tips: Tullow, Debenhams, Gold miners
18th Apr 2013 11:14
Tullow Oil's recent pull-back due to investor uncertainty over its exploration-led strategy has created a buying opportunity, according to Societe Generale, which has upgraded its rating for the shares from 'hold' to 'buy'. "Short-term catalyst-driven investors should now have moved on from the s
Read moreBroker snap: Tradenext highlights 'buys' in gold sector after sell-off
18th Apr 2013 11:00
The sharp sell-off in the gold price this week on the back of concerns over demand has created some buying opportunities across the gold-mining sector, according to Tradenext. Gold slumped by around 9.0% on Monday, its biggest on-day drop since the start of the 1980s as a slowdown in China and pric
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