Glencore zinc output down 31% in H1; ups copper guidance
11th Aug 2016 07:48
(ShareCast News) - Glencore reported a drop in production in the first half - with the exception of nickel and agricultural products - as expected, and lifted its full-year copper guidance. The miner and commodity trader said copper production was down 4% on the first half of last year to 703,000 to
Read moreWednesday broker round-up
10th Aug 2016 10:11
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
Read moreSector movers: Real estate, Oil&Gas pace gains, mining down
19th Jul 2016 10:54
(ShareCast News) - Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year. In the case of the Washington-based
Read moreBroker tips: Rentokil Initial, Glencore, UK real estate stocks
18th Jul 2016 15:57
(ShareCast News) - HSBC raised its rating on Rentokil Initial to 'hold' from 'reduce' and lifted its target price to 190p from 145p on Monday. The bank said the pest control company's international businesses are likely to benefit from a weaker pound. "Our target price implies 7% downside from the
Read moreCredit Suisse downgrades Glencore to 'neutral'
18th Jul 2016 09:04
(ShareCast News) - Credit Suisse downgraded Glencore to 'neutral' from 'outperform' and lifted the price target to 200p from 160p. The price target lift reflects a 10% reduction in the bank's GBP/USD assumption and a 4% increase to 2017 earnings before interest, tax, depreciation and amortisation la
Read moreFTSE 100 movers: Antofagasta leads miners' rise and Barratt the builders' fall
13th Jul 2016 13:36
(ShareCast News) - The FTSE 100 index was scuttling crabwise on Wednesday, as markets held their powder dry as Britain appointed a new Prime Minister later in the day and a day ahead of the Bank of England expected policy tinkering. Commodities heavyweights Antofagasta, Glencore, BHP Billiton and
Read moreLondon midday: Miners pace gains on stimulus hopes, upbeat US jobs data
11th Jul 2016 12:10
(ShareCast News) - London stocks were continuing to push higher come midday, carried by positive sentiment from Asia and the US, with domestic thoughts turning to the Bank of England monetary policy meeting scheduled for later in the week. Asian stocks finished the session with strong gains, as some
Read moreInsurers and miners pace gains
30th Jun 2016 16:42
(ShareCast News) - Insurers and miners helped the Footsie outperform on Thursday after Fitch reaffirmed its constructive view on Prudential and an upbeat reserch note out of Credit Suisse helped to boost shares of many miners. A further one-notch downgrade of its rating on the UK´s sovereign long-te
Read moreCredit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreRio Tinto seals $3bn debt reduction
21st Jun 2016 09:47
(ShareCast News) - Rio Tinto has arranged a further $3bn reduction in its gross debts after agreeing further purchases of its bonds in New York. The mining group's has agreed to buy back $1.252 billion of debt under a 'maximum tender offer', which began on 7 June. This comes on top of the $1.748bn
Read moreMiners and tech lead gains
15th Jun 2016 18:54
(ShareCast News) - A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher. Adding to the positive sentiment, data published overnight in China revealed stable lending dynamics across the country in May, although the figures also pointed towards a
Read moreFriday broker round-up
10th Jun 2016 15:10
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 160p. Glencore: JP Morgan keeps at neutral with a 150p target. Home Retail: HSBC stays at hold with a target price of 165p. Booker: HSBC keeps at buy with a target of 230p. Safestore: Berenberg stays at buy with a target pr
Read moreGlencore agrees to sell further stake in agriculture business
9th Jun 2016 07:54
(ShareCast News) - Glencore has agreed to sell a further 9.99% stake in its agricultural business to Canada Pension Plan Investment Board, Canada's largest pension fund. The Canadian pension fund in April purchased a 40% stake in the business for $2.5bn, which at the time Glencore reserved the right
Read moreBHP, Glencore bidding for Anglo's Australian coal assets - report
7th Jun 2016 16:40
(ShareCast News) - Mining titans BHP Billiton and Glencore number among the final bidders for Anglo American's Australian metallurgical coal assets that may fetch about $1.5bn, according to a report. Bloomberg, citing several sources with knowledge of the matter, also reported that Anemka Resources,
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
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