Wednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreFTSE 250 movers: African Barrick Gold plunges
8th Jan 2013 15:38
Canadian miner Barrick Gold has abandoned plans to sell its majority stake in London-listed African Barrick Gold (ABG) to a Chinese buyer, causing shares to plunge. In August, Barrick announced it had entered into discussions with China National Gold Group Corporation to sell its 73.9 per cent stake
Read moreFerrexpo increases annual pellet production from own ore
8th Jan 2013 08:27
Ferrexpo, the FTSE 250 iron ore company with assets in Ukraine, has posted a 2.6 per cent increase in annual pellet production from own ore at 9.3m tonnes, compared to 9.1m tonnes in 2011. Total pellet production in 2012 was 9.7m tonnes, down 0.1m tonnes compared to 2011, which it attributed to lo
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 250 movers: Centamin rebounds as gold exporting resumes
17th Dec 2012 16:03
Egypt-focused gold mining and exporting company Centamin surged after confirming that the halt by customs on gold exports from Sukari has been lifted and a shipment was made on Sunday December 16th. Centamin's shares took a battering last week when it said that it has been forced to suspend mining
Read moreLondon close: Stocks pare gains after US ISM data
3rd Dec 2012 16:52
- US manufacturing sector in contraction - Chinese and India data lifts markets early on - Banking fall after BoE FLS details The FTSE 100 index was set to finish Monday's session with decent gains until a worse-than-expected reading of US manufacturing caused markets across Europe to trim gains by
Read moreFTSE 250 movers: C&W Comms jumps after disposal
3rd Dec 2012 15:41
Cable & Wireless Communications surged on Monday after agreeing to sell the majority of its businesses in its Monaco & Islands division as it attempts to scale back its geographic footprint and pay down debt. CWC is selling the assets to Bahraini telecoms firm Batelco Group for an enterprise value
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreLondon close: Stocks rise on low volumes
22nd Nov 2012 16:52
- Trading light as US celebrates Thanksgiving - Focus shifts to EU summit - SABMiller jumps; 'Glenstrata' merger approved With trading volumes light owing to Thanksgiving, upbeat Chinese manufacturing data saw UK markets finish Thursday's session with decent gains in spite of the ongoing uncertaint
Read moreSector movers: EVRAZ and Ferrexpo lift industrial metals sector
22nd Nov 2012 16:01
Industrial metals and mining stocks were the best performers on Thursday afternoon after hopes for demand increased following the upbeat economic data from China. The 'flash' HSBC Chinese purchasing managers' index (PMI) for the month of October came in at 50.4, up from 49.5 for the previous month.
Read moreFTSE 250 movers: Man Group leads risers as Talvivaara drops
22nd Nov 2012 15:50
Fund manager Man Group advanced today after the Financial Times reported that it has moved 1.5bn dollars of its flagship fund AHL into a new portfolio in order to raise returns. Chemring was higher after it was reported that a subsidiary of the company was awarded a $4.4m contract for the manufact
Read moreSector movers: Talvivaara weighs on industrial metals sector
9th Nov 2012 14:27
Cyclical stocks such as those in the mining and banking sectors were under the weather on Friday afternoon as sentiment on global stock markets continues to be hampered by concerns about Greece's finances. Talvivaara, the FTSE 250 nickel miner, was suffering heavy falls today, pushing the industria
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreFerrexpo's sales volumes soar but market price suffers steep drop
18th Oct 2012 08:22
Ferrexpo, an iron ore company with assets in Ukraine, delivered a 9.9 per cent quarter-on-quarter (q/q) rise in sales volumes during the three months to September 30th at 2,47m tonnes. However, as a result of the 19.5% decline in the market price in the third quarter, the average realised price du
Read moreFTSE 250 movers: Ferrexpo leads as miners leap
17th Oct 2012 16:12
As on the FTSE 100, second tier miners were also firmly higher, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to increase demand for commodities. Metals futures were higher for gold, silver, platinum and copper. Cable & Wireless Communi
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