Sunday tips round-up: Morgan Crucible, BAE, Tate & Lyle
2nd Aug 2009 12:04
Industrial material specialist Morgan Crucible's markets have been hit hard by the downturn. Last week's first-half results were reassuring and though the company does have a significant amount of debt - and there had been worries that a rights issue would be needed to shore up its balance sheet -
Read moreInternational Ferro to crank up production
23rd Jul 2009 09:48
Ferrochrome producer International Ferro Metals (IFL) has decided to restart production from its second furnace to cope with demand from China. The UK-listed firm will get things going again in mid-August, with full ramp-up expected by mid-September. "International Ferro Metals has watched careful
Read moreLondon close: Footsie adds to week's gains
17th Jul 2009 16:28
Footsie rounded off its best week since March with more gains. Miners were prominent among the risers. Eurasian Natural Resources, Xstrata, Vedanta Resources and Rio Tinto are doing well. British Airways climbed after saying it is raising £600m, including a £300m convertible issue and another £30
Read moreInt'l Ferro welcomes rise in demand and prices
17th Jul 2009 10:58
International Ferro Metals (IFL) is better Friday after it said the Chinese stimulus programme boosted ferrochrome demand and spot prices over the past month. Ferrochrome group IFL restarted production during the fourth quarter, producing 18,437 tonnes versus just 1,168 tonnes in the previous three
Read moreSector movers: Metals stocks rise again
20th May 2009 12:48
The industrial metals sector is shrugging off a gloomy trading update from International Ferro Metals to climb for the second day in a row. The ferrochrome producer said it remains focused on preserving cash and cutting costs as it reported falling sales of the alloy used to make stainless steel. I
Read moreIFL ferrochrome sales still sliding
20th May 2009 09:58
Ferrochrome producer International Ferro Metals (IFL) said it remains focused on preserving cash and cutting costs as it reported falling sales for the alloy used to make stainless steel. IFL, which produces ferrochrome in South Africa, sold 10,484 tonnes in the three months to March 31, compared w
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