Thursday broker round-up
7th Apr 2016 15:32
(ShareCast News) - Zoopla: UBS downgrades to neutral with a target price of 260p. Caledonia Mining: Panmure Gordon downgrades to hold, 61p target. Burberry: RBC downgrades underperform with a target price of 1300p, JP Morgan reiterates neutral with a target of 1400p and UBS keeps at buy with a targ
Read moreFTSE 250 movers: Kaz and Vesuvius lead midcaps lower
7th Apr 2016 14:21
(ShareCast News) - By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains. The biggest faller in the mid cap index was Kaz Minerals as it was downgraded among a wider JP Morgan Cazenov
Read moreJP Morgan downgrades Glencore, Antofagasta; recommends selling rally
7th Apr 2016 09:21
(ShareCast News) - JP Morgan Cazenove reviewed its ratings on a number of metals and mining stocks as it took a look at the sector and recommended selling the recent rally. The bank noted Chinese demand growth is slowing, oversupply is rising and previous super-cycles suggest spot prices could carry
Read moreFTSE 250 movers: Market to end the day in the red
18th Dec 2015 15:26
(ShareCast News) - The FTSE 250 was on track to finish Friday in the red after being bolstered on Thursday after the Fed rate hike. The market was down 72.46 points (0.42%) to 17,104.82 by mid-afternoon. Entertainment One undid Thursday's gains from its announcement it had extended its output agreem
Read moreFTSE 250 movers: Commodities downturn clobbers midcaps
14th Dec 2015 15:14
(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read moreKaz Minerals expects first Bozshakol production in January next year
11th Dec 2015 07:51
(ShareCast News) - Copper miner Kaz Minerals said the Bozshakol project in Kazkahstan has progressed well in the fourth quarter and is currently undergoing commissioning works, with production of copper concentrate expected to begin in January. Kaz had originally said it would start production in
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreKAZ Minerals produces first copper from Aktogay project
1st Dec 2015 07:36
(ShareCast News) - KAZ Minerals has produced its first copper cathode from oxide ore at the Aktogay project in the east of Kazakhstan. The company, which operates four mines and three concentrators in Kazakhstan and Kyrgyzstan, said the SX/EW plant is expected to swiftly reach an output level of 15,
Read moreFTSE 250 movers: Kaz Minerals and Ophir Energy help market surge
17th Nov 2015 14:22
(ShareCast News) - The FTSE 250 surged ahead on Tuesday as traders bet that the Paris attacks would not have a lasting effect on global markets. The index sat at 17,041.67 by mid-afternoon, up 197.29 points (1.17%). Kaz Minerals was the market's biggest gainer, after reached an agreement with its p
Read moreKaz Minerals agrees contractor payment deferral
17th Nov 2015 08:12
(ShareCast News) - Copper producer Kaz Minerals has reached an agreement with its principal construction contractor, Non Ferrous China, to defer payment of $300m (£198m) relating to the company's Aktogay project. Under the revised terms, the construction costs which were due to be paid in 2016 and 2
Read moreFTSE 250 movers: Miners slump on Barclays downgrade; DCC shines after interims
10th Nov 2015 14:52
(ShareCast News) - London's FTSE 250 index was down 0.5% to 17,027.36 at 1500 GMT as weakness in the mining sector proved a drag. Kaz Minerals and Vedanta Resources were under the cosh after Barclays downgraded its stance on the stocks and the broader European mining sector. The bank cut Kaz to 'und
Read moreBarclays cuts European mining sector to 'neutral' on cloudy outlook
10th Nov 2015 10:36
(ShareCast News) - Barclays downgraded its stance on the European mining sector to 'neutral' from 'positive', noting that 2015 has been another bad year. The bank pointed out that the last five years have marked the worst performance since 1966 and said it's hard to see what might pull the sector ou
Read moreFTSE 250 movers: Commodities cause market to slide
13th Oct 2015 14:15
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, dropping 94.11 points (0.55%) mid-afternoon to 16,892.84 after much weaker than expected data on Chinese imports in September. Natural resource related companies were the biggest fallers of the day. Evraz led the pack on the back of gold
Read moreMonday broker round-up
12th Oct 2015 14:37
(ShareCast News) - Kaz Minerals: Goldman Sachs downgrades to sell, cuts target price to 110.00p. Darty: Liberum Capital starts new coverage with a buy, sets target price at 100.00p. Avon Rubber: N+1 Singer downgrades to hold, raises target price to 1040.00p. Berendsen: RBC Capital Markets upgrades
Read moreSector movers: Metal stocks drive markets up
8th Oct 2015 15:19
(ShareCast News) - Industrial metals helped to prop up London markets again on Thursday, after Jefferies commented optimistically on the metals and mining industry. Towards the end of trading, the FTSE 100 was up 0.45% or 28.44 points higher at 6,364.79, while the FTSE 250 dropped 0.35% or 58.87 poi
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