2nd UPDATE: International Ferro Metals Hopes To Raise Output
20th Jul 2010 09:38
(Rewrites first paragraph, adds analysts comment, more CEO quotes.) By Michael Haddon Of DOW JONES NEWSWIRES LONDON (Dow Jones Newswires)--International Ferro Metals Ltd. (IFL.LN) said Tuesday it hopes to increase ferrochrome production levels with the help of a new electricity plant and
Read moreUPDATE: International Ferro Metals Ferrochrome Sales Down 13% On Quarter
20th Jul 2010 07:50
(Adds chief executive comment, details) By Michael Haddon Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mining company International Ferro Metals Ltd. (IFL.LN) Tuesday reported a decrease in ferrochrome sales during the three months ended June 30, but said greater operational efficiencies s
Read moreInternational Ferro Metals Ferrochrome Sales Down 13% On Quarter
20th Jul 2010 07:26
By Michael Haddon Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mining company International Ferro Metals Ltd. (IFL.LN) Tuesday reported a decrease in ferrochrome sales during the three months ended June 30, but said greater operational efficiencies should increase production levels and lower c
Read moreMARKET TALK: Daniel Stewart Initiates Intl Ferro Metals At Buy
7th Jul 2010 09:20
0820 GMT [Dow Jones] Daniel Stewart initiates coverage of International Ferro Metals (IFL.LN) with a buy rating and 87p price target. Sees 'the company returning to profit this year, supported by improving ferrochrome prices." Says ferrochrome market "is rapidly returning to the point where demand e
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 09:20
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0820 GMT [Dow Jones] Daniel Stewart initiates coverage of International Ferro Metals (IFL.LN) with a buy rating and 87p price
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 14:50
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1350 GMT [Dow Jones] Numis says it "continues to believe that the market is materially undervaluing" International Ferro Meta
Read moreMARKET TALK: International Ferro Metals "Undervalued" - Numis
5th Jul 2010 14:50
1350 GMT [Dow Jones] Numis says it "continues to believe that the market is materially undervaluing" International Ferro Metals (IFL.LN). The brokerage adds a recent reduction in the ferrochrome benchmark settlement to $1.30 per pound 'could have been worse' and is "close enough to a roll-over to ke
Read moreSmall caps round-up: Griffin Mining, Energy XXI
6th May 2010 12:49
Griffin Mining posted a rise in profits in the year to December 31 despite a slide in revenues following the collapse in metals prices in late 2008. The company, which operates the Caijiaying zinc-gold mine in China, posted a pre-tax profit of $7.2m, up from $7m in 2008, even as revenues fell to $2
Read moreIFL sales soar as ferrochrome demand picks up
27th Apr 2010 12:00
Improvement in the ferrochrome markets helped International Ferro Metals (IFL) post sharp rises in sales and production in the first quarter. The company, which has processing operations in South Africa, produced 53,394 tonnes of ferrochrome in the three months to March 31, a 48% rise from the prev
Read moreSector movers: Commodity stocks slip back
22nd Mar 2010 14:50
Oil and gas stocks and industrial metals and miners are lower as commodity prices slip. The oil price fell for a third day in a row after India unexpectedly raised interest rates by a quarter of one percentage point to 3.5%, stoking fears that the global recovery will falter. Copper prices were lo
Read moreThursday tips round-up: Henderson, Moneysupermarket, Melrose
25th Feb 2010 05:54
Investors have applauded Henderson's New Star deal, more than doubling the share price from 50½p in January 2009 to yesterday's close of 122.1p. The price has eased since January amid predictions of a forthcoming market correction and renewed worries that a double-dip recession will weaken consumer
Read moreLondon close: Footsie suffers lack of confidence
23rd Feb 2010 16:21
A terrible report on US consumer confidence sent Wall Street spiralling lower, dragging London's leading index deep into the red late on. UK shares started well enough, but weakened steadily through the morning and spent much of the afternoon dipping in and out of negative territory until the US da
Read moreLondon afternoon: Stocks drift lower
23rd Feb 2010 15:16
A weak opening on Wall Street has dragged Footsie lower, though the number of fallers among the blue-chip index's constituents barely outnumbers the risers. Wolseley is leading the risers, after surprising the market with an unscheduled trading update. The building supplies group said it expects p
Read moreLondon midday: Leading shares mixed
23rd Feb 2010 12:13
For the second day in succession the FTSE 100 has turned lower after a moderately bright start. Comments on the fragility of the UK economy from Bank of England governor Mervyn King have given investors pause for thought. King, appearing before a parliamentary committee, said: 'There have been some
Read moreSector movers: Croda profit sparks positive chemical reaction
23rd Feb 2010 12:02
Strong results from Croda International are the catalyst for a strong performance for the chemicals sector. The maker of chemicals used for personal care, industrial, pharmaceuticals and nutritional markets said profits in the last three months jumped by 44% to £30.9m, helping to boost the total fo
Read more