FTSE 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
Read moreBroker 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
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