Glencore Xstrata to take over Caracal Energy for 800m pounds - UPDATE
14th Apr 2014 13:25
Commodities trader and resources group Glencore Xstrata is to buy Chad-focused oil and gas explorer Caracal Energy for around 800m pounds in cash, sending shares in the latter soaring on Monday. As part of the agreement, Canada-based Caracal has pulled out of its proposed merger with TransGlobe Ene
Read moreBroker tips: Glencore Xstrata, Tesco, ARM Holdings...
14th Apr 2014 12:11
Investec has kept a 'reduce' rating on Glencore Xstrata but said that the 5.85bn-dollar sale price of its Las Bambas copper project in Peru was ahead of its 5.5bn-dollar forecast. "Until the transaction is finalised, we would expect Glencore Xstrata to be cautious on advancing new significant trans
Read moreLondon midday: Sell-off continues on Ukraine crisis, but defensives gain
14th Apr 2014 11:40
- Ukraine calls on pro-Russian radicals to lay down arms - Defensive stocks, consumer staples rise as risk appetite falls - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,627.27 -1.60% FTSE 100 6,540.54 -0.32% FTSE 250 15,638.88 -1.63% UK markets picked up where they left off on M
Read moreInvestec hails lowered balance sheet risk at Glencore Xstrata post-Las Bambas
14th Apr 2014 09:55
Investec has kept a 'reduce' rating on Glencore Xstrata but said that the sale price of its Las Bambas copper project in Peru was ahead of expectations. Las Bambas is being sold for $5.85bn to a consortium 62.5%-owned by MMG, a subsidiary of state-owned China Minmetals Corp, 22.5% by GUOXIN Interna
Read moreMonday broker round-up UPDATE
14th Apr 2014 09:16
AMEC: Deutsche Bank raises target price from 1250p to 1400p retaining a buy recommendation. AO World: Numis initiates with a target price of 350p and a buy recommendation. BBA Aviation: Goldman Sachs cuts target price from 425p to 405p and keeps a buy recommendation. Bovis Homes Group: Goldman S
Read moreLondon open: Stocks at three-week low as Ukraine tensions rise
14th Apr 2014 08:35
- Ukraine tensions rise as deadline passes - Ukraine calls on pro-Russian radicals to lay down arms - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,649.91 -0.75% FTSE 100 6,546.34 -0.23% FTSE 250 15,806.60 -0.58% UK markets got off to a subdued start on Monday morning as stocks p
Read moreMonday newspaper round-up: Home prices, Iranian oil, Punch Taverns
14th Apr 2014 07:07
Asking prices for homes in the UK have risen by 7.3 per cent over the past 12 months, according to Rightmove and can be expected to rise by an additional 7.4 per cent this year, a new report from the E&Y ITEM Club says. However, the pace of increases is expected to taper to 7.2 per cent next year be
Read moreGlencore Xstrata signs 5.85bn-dollar deal to sell Las Bambas
14th Apr 2014 07:02
After months of negotiations, commodities trader and mining giant Glencore Xstrata has finally reached an agreement to sell its Las Bambas copper project in Peru. Las Bambas is being sold for $5.85bn to a consortium 62.5%-owned by MMG, a subsidiary of state-owned China Minmetals Corp, 22.5% by GUOX
Read moreMPs move ahead with proposals for all-female short-lists for business roles
11th Apr 2014 10:55
UK MPs have taken a step forward with proposals to gain legal clarification on all-female short-lists for business positions in a bid to boost the number of women in Britain's boardrooms. A letter has reportedly been sent to the government's equality body calling for a ruling on whether the propos
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreHigh cost copper miners facing stark choices
7th Apr 2014 08:41
High-cost copper miners face a stark choice between enduring losses or cutting production, as the price of copper drops below their breakeven level for the first time since 2008. According to research from commodities consultant CRU, that is the decision which miners in the most costly 90th percent
Read moreSunday newspaper round-up: Insurance, Sports Direct, Tesco
6th Apr 2014 08:57
The Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read moreThursday newspaper round-up: Sports Direct, Glencore, Prudential
3rd Apr 2014 07:19
Management at Sports Direct is licking its wounds after being forced into a second humiliating climbdown over a proposed reward scheme for its Chief Mike Ashley. Overnight institutional investors revolted against the proposal to hand Ashley shares worth more than 72.5m pounds. As a result the compan
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreCredit Suisse names Rio and Anglo as top mining picks
31st Mar 2014 10:47
Credit Suisse has named Rio Tinto and Anglo American as its top picks in the metals and mining sector. Following two quarters of upgrades, the bank said that earnings momentum across the sector has slowed sharply with most commodity prices now trading below consensus estimates for 2014. "While min
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