Sector 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
Read moreFTSE 250 movers: Hikma Pharmaceuticals hit by target price cut
17th Apr 2013 15:19
Hikma Pharmaceuticals was a heavy faller today after going ex-dividend and being hit by a target price cut from Jefferies, from 1,150p to 1,040p. The cut came after the group announced its plan to hold on to its global injectables business. Miners were under the weather as investors looked to inves
Read moreLondon close: FTSE 100 falls for third day straight despite mining strength
16th Apr 2013 16:33
The resource-heavy FTSE 100 finished Tuesday's session in the red despite some big gains in the mining sector, as concerns about global growth and a disappointing reading of German sentiment provided a drag on sentiment. This marks the third consecutive decline for London's benchmark index. Market
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreSector movers: Miners fall sharply as Chinese growth disappoints
15th Apr 2013 16:05
Mining stocks were tracking commodity prices sharply lower on Monday afternoon as a disappointing reading of Chinese economic growth dampened the demand for 'riskier' assets. As such, defensive sectors were at the top of the pile: stocks that are expected to hold up relatively well during tough eco
Read moreFTSE 250 movers: Petropavlovsk leads mining sector lower
15th Apr 2013 15:04
Mining stock Petropavlovsk plunged after Citi downgraded the stock and cut its forecasts for gold. Other miners, including Bumi, Centamin, Ferrexpo, Hochschild and African Barrick Gold were also falling sharply. High Street bookie Ladbrokes also fell after it said it has said that it had experienc
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