Broker snap: Credit Suisse cuts EPS forecasts for Metals&Mining
12th Oct 2012 13:18
Analysts at Credit Suisse have today slashed their price targets for many companies in the Metals&Mining sector. In particular, their global commodities team has adjusted its commodity price forecasts, with the largest cuts having been made to iron ore and coking coal, along with minor changes elsew
Read moreFTSE 250 movers: Imagination Technologies leads fallers
10th Oct 2012 15:55
Imagination Technologies was leading fallers, with some market chatter attributing the losses to a negative start of coverage on the company -at Sell- from analysts at Credit Suisse. They pointed out that, 'momentum looks negative: Of Imagination's four key customers, Samsung this year moved to ARM
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreLondon pre-open: Growth concerns weigh on FTSE
10th Oct 2012 07:29
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,810, extending Tuesday's losses as concern over growth weighs down investor sentiment around the globe, with significant falls seen in both Asia and the US overnight. This followed yesterday's big news that the
Read moreFerrexpo sees third-quarter production edge higher
10th Oct 2012 07:06
FTSE 250 iron ore miner Ferrexpo saw a slight increase in pellet production from own ore in the third quarter, but eased back on the purchases of third-party concentrate. Compared with the second quarter, pellet output from own ore rose by 2.8% from 2,305.4k tonnes to 2,371.0k tonnes. Year-to-date
Read moreWednesday preview: Ferrexpo, Avanti Communications
9th Oct 2012 17:20
Results season may have kicked off in the US by the time Wednesday comes around but in the UK it looks like companies are taking a bit of a breather. Ferrexpo, the Ukraine-focused iron ore pellet producer, issues a third quarter production update which will keep the number crunchers busy for a few
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreFTSE 250 movers: KCOM drops on downbeat trading update
5th Oct 2012 15:54
Broadband and communications provider KCOM has fallen following a downbeat trading statement prior to its interims. It announced that it is trading "in line with expectations", but orders in its enterprise division have been below expectations. KCOM also revealed that first-half net debt has incre
Read moreSector movers: US jobs data boosts industrial miners
5th Oct 2012 15:22
Mining stocks were among the best performers on Friday afternoon after a better-than-expected employment report from the States improved the demand outlook for commodities. US non-farm payrolls increased by 114,000 in September, ahead of the previous gain of 96,000 and the 111,000 rise expected by
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreFTSE 250 movers: Miners leap on QE3 decision
14th Sep 2012 15:53
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement, with investors hopeful that an improved US economy will boost the demand for commodities. Aquarius Platinum, Ferrexpo, Talvivaara, Lonmin and Centamin were all firmly higher
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
Read moreBroker tips: Miners, AB Foods, Chariot
10th Sep 2012 11:37
The outlook for the UK mining sector is now improving as expectations for quantitative easing (QE) increase, according to UBS on Monday morning. The broker said: "QE triggers a return of capital flows to emerging markets, incentivising companies to stop running for cash and embark on a commodity bu
Read moreBroker snap: QE will drive mining equities, says UBS
10th Sep 2012 10:30
The outlook for the UK mining sector is now improving as expectations for quantitative easing (QE) increase, according to UBS on Monday morning. The sector had tough first half, with the average EBITDA (earnings before interest, tax, depreciation and amortisation) of UK diversified miners fall by o
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