Sector movers: Mining stocks rebound as copper and gold prices gain
15th Jan 2015 15:03
Resource stocks were on the rise on Thursday, rebounding strongly after a sharp sell-off the previous session, as copper prices recovered. Copper, having dropped over 5% to $5,548 a metric tonne on Wednesday, was rising 2% to $5,666 in afternoon trade after data from China showed that credit growth
Read moreSector movers: Mining stocks hammered as copper prices tumble
14th Jan 2015 14:57
Mining stocks were bearing the brunt of the sell-off on Wednesday as a tumble in the price of copper hammered share prices across the sector. Miners were lower across the board but those with exposure to copper, such as Kaz Minerals and Vedanta Resources, were faring the worst. Kaz and Vedanta were
Read moreLondon close: Retailers provide a lift as inflation data boosts economic hopes
13th Jan 2015 16:48
UK stocks put in decent gains on Tuesday as a sharper-than-expected slowdown in inflation boosted hopes for consumer spending and pushed back projections for the first rate raise. A strong start to corporate earnings season in the States and increased hopes for further stimulus by the European Centr
Read moreLondon open: UK stocks retreat from three-week high on Greek politics, oil prices
30th Dec 2014 08:26
Political uncertainty in Greece and falling oil prices were weighing on UK stocks on Tuesday as markets pulled back from a three-week high. The FTSE 100 was down 0.6% at 6,594 in early trading, snapping an eight-day winning streak. The index settled at 6,633.51 on Monday, its highest close since 8 D
Read moreLondon pre-open: UK stocks to snap winning streak on Greek concerns
30th Dec 2014 07:40
UK stocks are expected to pull back from a three-week high on Tuesday as concerns about Greece prompt markets to snap an eight-day winning streak. City sources have predicted that the FTSE 100 will open 33 points lower than Monday's close of 6,633.51. This was the index's highest close since 8 Decem
Read moreKAZ Minerals agrees better bank terms with China Dev Bank
30th Dec 2014 07:21
KAZ Minerals has negotiated new bank terms for $2.3bn of its bank debt, with interest rates cut 30 basis points and more flexibility to mitigate for exchange rate movements. The facility previously held with China Development Bank (CDB) and Kazakhstan sovereign wealth fund Samruk-Kazyna, which was a
Read moreSector movers: Miners sideswiped as Chinese manufacturing stagnates
20th Nov 2014 14:32
UK-listed mining stocks were bearing the brunt of the selling pressure on Thursday as disappointing economic data from across the globe - China in particular - hit market sentiment. Resource shares, often sensitive to news-flow from top metals user China, took a hit when it emerged that the nation's
Read moreFTSE 250 Movers: Miners hit by Chinese data, Inmarsat boosted by new partnership
20th Nov 2014 14:26
Kaz Minerals' shares plummeted alongside other mining companies Ferrexpo, Lonmin, Vedanta, Evraz Hochschild Mining who took a hit following the release of unfavourable Chinese manufacturing data early on Thursday. The slowdown in the pace of manufacturing growth and wider economic concerns caused re
Read moreJupiter CIO Chatfeild-Roberts pockets £2.3m
6th Nov 2014 15:46
John Chatfeild-Roberts, the chief investment officer of Jupiter Fund Management, has trousered a tidy £2.29m after selling shares in an options deal a few weeks after they recovered from 12-month lows. Chatfeild-Roberts, who heads the Merlin multi-manager team and has been at Jupiter since 2001, sol
Read moreSector movers: Anglo leads miners higher despite weak Chinese data
3rd Nov 2014 13:50
Mining stocks were making small gains on Monday despite some disappointing economic data from top metals consumer China. Anglo American was among the best performers on speculation that the former boss of Xstrata could bid for some its assets. The Chinese government's official manufacturing purchas
Read moreKazakhmys completes restructuring, renames itself Kaz Minerals
31st Oct 2014 11:16
Kazakhmys, the mining group newly renamed Kaz Minerals, has completed its restructuring after first announcing it back in February. Under the new structure, Kaz Minerals retains mining and processing assets in the eastern region of Kazakhstan and the Bozymchak mine in Kyrgyzstan, as well as the majo
Read moreFriday broker round-up UPDATE
31st Oct 2014 09:36
Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreKazakhmys sees Q3 copper production rise, de-merger imminent
30th Oct 2014 08:05
Kazakhmys, the Kazakhstan-focused copper miner, said its de-merger is expected to complete any time now as it reported an increase in copper cathode production in the third quarter. Copper cathode output totalled 59,000 tonnes in the nine months to 30 September, up 10% on the previous year. Third-q
Read moreFTSE 250 movers: Renishaw leads after updating second half outlook
27th Oct 2014 13:56
Renishaw has revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of its financial year. The brief announcement from the metrology and healthcare manufacturer came less than two weeks after it delivered its interim management statemen
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