Sector movers: Miners boosted by weaker dollar, strike threat
31st Jan 2017 16:30
(ShareCast News) - Shares of Industrial Metals and Mining firms led gains on Tuesday as a weaker dollar, supportive news-flow for crude oil and copper futures and low trading volumes in the latter lifted commodity prices. As of 1800 GMT, the US dollar spot index was fading 0.73% to 99.697 after US t
Read moreFTSE 250 movers: Miners climb while Nostrum Oil and Gas slips
27th Jan 2017 15:39
(ShareCast News) - The FTSE 250 index rose 0.26% to 18,190.37 in the late afternoon. The UK's largest food wholesale operator Booker Group gained as it reached an agreement to merge with supermarket giant Tesco. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new Te
Read moreKAZ Minerals meets full-year copper guidance precisely
26th Jan 2017 09:15
(ShareCast News) - KAZ Minerals posted its production report for the fourth quarter and full year to 31 December on Thursday, with its full year copper guidance met and by-product guidance exceeded in 2016. The FTSE 250 company reported copper cathode equivalent production of 140 kt, against guidanc
Read moreSector movers: Miners higher on HSBC upgrades
16th Jan 2017 14:50
(ShareCast News) - Miners paced gains in the market following multiple upwards target price revisions from analysts at HSBC on LSE-listed copper miners and diversified miners. In the case of the former, the broker's analysts said they had raised their copper price forecast from 2017 onwards by betwe
Read moreSector movers: Chinese data stokes buying in mining stocks, Kaz rockets
10th Jan 2017 14:30
(ShareCast News) - Miners and grocers vied for the top slot on the leaderboard on Tuesday with brokers weighing in with positive remarks on the former while the latter group received a boost in the form of a positive trading update from Morrison. News that factory gate prices in China blew past fore
Read moreKAZ Minerals gains on Canaccord upgrade
10th Jan 2017 09:13
(ShareCast News) - KAZ Minerals' shares gained on Monday after Canaccord Genuity upgraded the stock to 'buy' from 'hold' and lifted the target price to 475p from 155p. Canaccord said it expects miner to see continued production growth through 2018 after the company's third quarter result showed incr
Read moreKAZ Minerals shores up financing with DBK and ING
13th Dec 2016 07:37
(ShareCast News) - KAZ Minerals announced on Tuesday that it has reached agreement on a new $300m credit facility with the Development Bank of Kazakhstan, which is scheduled to be signed on 14 December. The FTSE 250 company said the DBK facility will finance the completion of the Aktogay project whi
Read moreCredit Suisse shifts preference to Rio Tinto from BHP Billiton
7th Dec 2016 08:59
(ShareCast News) - Credit Suisse upgraded Rio Tinto to 'outperform' from 'neutral' and raised its price target to 3600p from 2750p, while simultaneously bumping down BHP Billiton to 'neutral' from 'outperform' with its price target raised to 1380p from 1300p. Looking into 2017, the bank have switche
Read moreKAZ Minerals begins testing and commissioning at Aktogay
6th Dec 2016 07:40
(ShareCast News) - KAZ Minerals announced on Tuesday that the testing and commissioning of the main Aktogay sulphide concentrator had commenced. The FTSE 250 company said production of saleable copper concentrate from sulphide ore is expected by the end of the first quarter of 2017. Production guid
Read moreFTSE 250 movers: Oil stocks gush ahead while Cranswick loses out
5th Dec 2016 15:30
(ShareCast News) - The FTSE 250 index rose 0.13% to 17,457.33 in the late afternoon. Oil prices continued their steady advance following OPEC's decision to cut its production by 1.2m barrels a day, propping up shares in Tullow Oil, Vedanta Resources (VR) and Petrofac on Monday. Goldman Sachs maintai
Read moreLondon close: Tesco paces gains as sales accelerate
15th Nov 2016 16:40
(ShareCast News) - Stocks in London finished higher as the pound slid back against the dollar after data showed consumer prices unexpectedly dropped in October. The FTSE 100 was up 0.59% to 6,792.74, while the pound was down 0.8% against the greenback at 1.2402 after data from the Office for Nationa
Read moreSector movers: Grocers gain on survey data, miners fall amid profit-taking
15th Nov 2016 16:39
(ShareCast News) - Food and drug retailers paced gains on the market, with Tesco leading the way a day before its Capital Markets Day. Sales at the grocer continued to accelerate, rising by 2.2% over the 12 weeks to 6 November, their best showing in three years, according to Kantar Worldpanel. "Muc
Read moreFTSE 250 movers: Oil services stocks bounce, Kaz knocked off high
15th Nov 2016 16:00
(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a
Read moreMacquarie raises copper price forecasts, boosts target prices for miners
15th Nov 2016 12:15
(ShareCast News) - Analysts at Macquarie hiked their target prices for a raft of miners due to the "acute" sensitivity of the pure copper plays and the majors to the price of that metal. In a previous note, published on 11 November, the Australian broker had upped its 2017 to 2020 price forecasts fo
Read moreSector movers: Steel and mining stocks rise as futures surge
7th Nov 2016 15:50
(ShareCast News) - Steel and mining stocks paced gains as key commodity futures surged at the start of the week. On 4 November, the local government of China's largest steel city, Tangshan, issued an urgent notice ordering all coking and sintering plants, together with blast furnaces, to halt produc
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