Financials, big oil, miners pace gains in London
25th May 2016 21:00
(ShareCast News) - Financials and big oil continued to power ahead at the middle of the week as the threat from two of the market´s most recent bugbears appeared to receed a little. On Wednesday, Athens managed to clinch a deal to relieve the government´s lack of financial liquidity, while in the UK
Read moreMacquarie hikes short-term iron ore price forecasts, cautious on miners
18th May 2016 15:43
(ShareCast News) - Macquarie boosted its forecast for the price of iron ore in 2017 on the back of burgeoning steel demand in the People's Republic of China and deferrals in supplies, but cut those for 2018 and 2019. In a research note dated 16 May the broker hiked its 2017 iron ore price forecast b
Read moreBasic resource shares pumelled, Canadian wildfire blaze slows advance
9th May 2016 19:03
(ShareCast News) - Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia's largest economy and after Chinese regulators warned they might clamp down on speculation further. On Sunday, China's customs administration said exports and imports s
Read moreGlencore reportedly in talks to sell further 9.9% stake in agricultural unit
6th May 2016 11:37
(ShareCast News) - Glencore is reportedly in talks to sell a further 9.9% stake in its agricultural unit, valued at around $625m. Reuters cited sources as saying the commodity trader and miner was negotiating with bidders who missed out on the 40% sold to Canada Pension Plan Investment Board. It wa
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreGlencore cuts mining production in first quarter, as expected
4th May 2016 07:54
(ShareCast News) - Glencore held its full year production guidance largely steady as copper, zinc, lead, oil and coal volumes all were cut in the first quarter as part of the commodities giant's plan to draw in its horns during this low point in the cycle. Overnight it emerged that Glencore is mu
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreLarge-cap miners pace gains
28th Apr 2016 19:45
(ShareCast News) - Shares in large-cap mining groups paced gains on the top flight index after one of their number closed the sale of two of its Brazilian businesses, a possible indication that the rally in commodity prices had opened at least a window of opportunity to divest some of their assets.
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
Read moreFTSE 100 movers: Mining bears outweigh construction bulls
22nd Apr 2016 13:54
(ShareCast News) - London's blue chips were on the back foot as the week came to a close, weighed down as the miners continued to lose ground for a second session and despite oil prices launching a new move higher. After the European Central Bank's tough-talking stance on Thursday, miners were being
Read moreMiners and banks pace gains
20th Apr 2016 16:00
(ShareCast News) - Miners led on the upside throughout much of the session as some brokers weighed in with relatively upbeat assessments of the current market backdrop for the sector and industrial metals prices' continued their push higher. On Wednesday, it was Anglo American's turn at the top of t
Read moreWednesday broker round-up
20th Apr 2016 15:54
(ShareCast News) - Zoopla: Exane BNP Paribas reiterates neutral with a target price of 270p and Canaccord upgrades to buy with a 330p target. Ashmore: Barclays stays at underweight with a 250p target, Societe Generale downgrades to hold with a target price of 295p and Exane BNP Paribas downgrades to
Read moreInvestec boosts target prices, bias towards miners
20th Apr 2016 13:47
(ShareCast News) - The slight improvement in China's fundamentals did not justify in miners' equity prices, Investec said, but recent events surrounding the sector nevertheless prompted the broker's analysts to boost their target prices for many of the companies under their coverage and to move to a
Read moreSector movers: Miners surge, steel demand strong survey says
19th Apr 2016 17:31
(ShareCast News) - Shares in miners surged again as sentiment towards the sector continued to thaw on Tuesday, amid more bullish views from some strategists in the previous session and a soft US dollar. That sent a pan-European gauge of stocks in the sector, the DJ Stoxx 600's Basic Resource sub-ind
Read moreSector movers: Miners lead gains
18th Apr 2016 16:08
(ShareCast News) - Shares in miners paced gains as the prices of several key industrial metals bounced back and a leading commodities strategist said that for the first time in three years probabilities around a base-case were shifting to the 'bullish' rather than the 'bearish' side. "Commodity mark
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