HSBC lifts target prices on diversified miners
16th Jan 2017 13:54
(ShareCast News) - HSBC revised its target prices higher for the largest of the diversified miners, telling clients it now expected a decline in commodity prices to be less pronounced that it had previously foreseen. Furthermore, China's decision to reduce its output of coal was now projected to hav
Read moreBulk commodities to suffer in early 2017, warns JP Morgan
14th Dec 2016 09:44
(ShareCast News) - Taking a more cautious view of the metals and mining sector into early 2017, JP Morgan Cazenove said it felt bulk commodities such as coal and iron ore would suffer, while precious metals offered scope for recovery. JPM picked through the likely winners and losers in the coming mo
Read moreTuesday newspaper round-up: Brexit transition, hiring, Rio Tinto, Glencore
13th Dec 2016 07:05
(ShareCast News) - Philip Hammond has conceded that there is likely to be a transition period after formally leaving the European Union in 2019 to ease Britain's exit. The chancellor said that a temporary arrangement following the two years of Article 50 negotiations was in both the UK and the EU's
Read moreGlencore and QIA team up to take chunk of Rosneft
12th Dec 2016 07:08
(ShareCast News) - Glencore and the Qatar Investment Authority announced on Monday that together they had concluded various agreements providing for the establishment of a 50:50 consortium, to take a chunk of Russian state gas operation Rosneft. The consortium had also entered into agreements in con
Read moreGlencore and Qatar buy 20% stake in Russia's Rosneft for €10bn
8th Dec 2016 07:36
(ShareCast News) - Anglo-Swiss commodities giant Glencore is part of a consortium that is poised to buy a 19.5% stake in Russia's largest oil company Rosneft for €10.2bn, as part of the Kremlin's strategy to raise funds after a fall in commodity prices. Glencore and the Qatar Investment Authority ar
Read moreBroker tips: Cranswick, miners, Tullett Prebon
5th Dec 2016 12:57
(ShareCast News) - Cranswick's shares were under the cosh on Monday as Numis downgraded the food producer's stock to 'hold' from 'add' and cut the target price to 2,311p from 2,536p. While the company last week revealed a strong set of first half results, Numis noted the market's increased wariness
Read moreCitigroup turns bullish on Western European miners
5th Dec 2016 11:12
(ShareCast News) - Citigroup adjusted its ratings on a number of mining stocks on Monday as it upgraded its view on the Western European metals and mining sector to 'bullish' from 'bearish'. The bank said it now sees a more robust outlook for next year for the commodity complex, especially the bulks
Read moreFriday broker round-up
2nd Dec 2016 14:49
(ShareCast News) - John Menzies: Berenberg starts coverage at buy with a target price of 660p. Synthomer: Jefferies stays at hold 367p target. WPP: Deutsche Bank reiterates buy with a 1890p target. MCBride: Berenberg starts coverage at buy with a 220p target. Acacia Mining: Canaccord stays at ove
Read moreGlencore's debt reduction nears completion, plans to return $1bn to shareholders
1st Dec 2016 07:03
(ShareCast News) - Glencore's plan to reduce its debt as commodity prices retreat is near completion as it finalised the sales of its agriculture and Australian rail businesses, while it plans to return $1bn to shareholders. The Anglo-Swiss miner is seeking to maximise shareholder value and will dis
Read moreLondon close: Miners propel FTSE 100 higher as industrial metals surge
22nd Nov 2016 16:34
(ShareCast News) - London equities ended Tuesday on a sharply higher note with major miners storming ahead in tandem with soaring industrial metals prices, and followed by a string of banks and insurers. US interest rate-touch utilities were firmly higher, too. FTSE 100 closed the session up 0.62%
Read moreMacquarie raises copper price forecasts, boosts target prices for miners
15th Nov 2016 12:15
(ShareCast News) - Analysts at Macquarie hiked their target prices for a raft of miners due to the "acute" sensitivity of the pure copper plays and the majors to the price of that metal. In a previous note, published on 11 November, the Australian broker had upped its 2017 to 2020 price forecasts fo
Read moreTuesday newspaper round-up: Hammond, Carney, Nato, HS2, Glencore
15th Nov 2016 07:04
(ShareCast News) - A slowdown in the UK economy will hit tax receipts and leave the chancellor with little wriggle room for giveaways at next week's autumn statement, a new report warns. Publishing new forecasts for GDP growth to slow next year as the Brexit vote bites, the consultancy firm PwC said
Read moreLondon close: Blue chips slide, led by gold-exposed miners amid profit-taking
10th Nov 2016 17:01
(ShareCast News) - London blue-chip stocks fell on Thursday as traders took profits stoked by Donald Trump's election win, with gold-exposed miners, pharmaceutical and US rates-sensitive utilities all flopping. The FTSE 100 ended the session down 1.21% to 6,827.98 points, somewhat out of kilter with
Read moreBroker tips: Bovis Homes, Aldermore, miners
10th Nov 2016 14:35
(ShareCast News) - Numis reiterated an 'add' rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update. The company said it expects to deliver record revenues in 2016 as the backdrop for UK housebuilding continues to be positive, with dem
Read moreFTSE-listed miners boosted by HSBC note
10th Nov 2016 09:15
(ShareCast News) - Shares in Rio Tinto and Glencore gained on Thursday as HSBC initiated its coverage of the mining stocks with a 'buy' rating. HSBC said Rio's assets are positioned mainly in the developed world and hence less risky, while Glencore's are more evenly spread across the globe. BHP Bil
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