FTSE 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
Read moreLondon midday: Chinese slowdown sinks miners and commodity prices
15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read moreFTSE 250 movers: Dixons Retail boosted by broker rating
12th Apr 2013 15:05
Dixons Retail was a strong riser after Cantor Fitzgerald reiterated its 'buy' rating on the stock. Supergroup climbed after Canaccord Genuity gave the group's new women's range an excellent write-up, describing it as potentially 'transformational'. Asset manager Ashmore Group has continued to ri
Read moreSector movers: Chinese demand hopes rally industrial miners
10th Apr 2013 14:46
Industrial metals and mining stocks were extending their recent gains on Wednesday after trade data from China showed that imports rebounded strongly in March. While a slowdown in export growth led to a surprise deficit of $884m last month (from a surplus of $15.3bn in February), imports jumped by
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreLondon close: Resource-heavy FTSE 100 lifted by slowing Chinese inflation
9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read moreSector movers: Miners gain as Chinese inflation slows
9th Apr 2013 15:42
Mining stocks were the best performers in London on Tuesday on the back of inflation data from China, which showed that price rises had slowed dramatically in March. Chinese consumer-price inflation slowed to a 2.1% annual rate in March, down from 3.2% in February when prices soared on the back of
Read moreFTSE 250 movers: AZ Electronic shares dive on poor Q1 revenues
9th Apr 2013 15:15
Shares in AZ Electronic Materials plunged by almost a third after the chemicals company reported a decrease in first-quarter revenues and warned of a flat year overall. Group revenue fell 2.0% year-on-year to $19.9m for the three months to April 8th, following lower-than-expected sales in its IC Ma
Read moreLondon midday: Miners lead the Footsie higher
9th Apr 2013 11:33
Miners were making impressive gains by Tuesday lunchtime after price rises in China slowed more than forecast in March, increasing hopes that the People's Bank of China will hold off from tightening policy for the time being. Chinese consumer-price inflation slowed to a 2.1% annual rate in March,
Read moreFerrexpo posts rise in Q1 pellet production
9th Apr 2013 08:50
FTSE 250 iron ore company Ferrexpo has reported a 10.1 per cent rise in first quarter pellet production compared to the same period in 2012. Total production climbed to 2,485.7k tonnes in the first quarter, from 2,257.5k tonnes the same period the previous year, and 2,474.7k tonnes in the previous
Read moreBroker tips: Miners, Domino's, SDL
4th Apr 2013 11:00
Tradenext has highlighted opportunities for potential upside in the mining sector following the sell-off in recent weeks, though these opportunities are high risk, the broker warned. "China growth rates are slowing but surely the prices of some of these shares are at silly levels and could easily j
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