London midday: Stocks snap six-day losing streak after Crimea vote
17th Mar 2014 11:36
- Crimea votes to rejoin Russia - Russia-West tensions high after referendum - Housebuilders rise on Help to Buy, housing data - Glencore Xstrata leads miners higher, Vodafone gains techMARK 2,783.12 +0.64% FTSE 100 6,551.58 +0.36% FTSE 250 16,237.65 +0.70% UK stocks were performing well on Monday
Read moreFTSE 250 movers: Hikma Pharmaceuticals jumps after strong 2013
12th Mar 2014 14:43
Powerful revenue growth from its generic drugs and solid growth elsewhere helped Hikma Pharmaceutical post impressive results for 2013. Group revenue increased 23% to $1,365m and a 30% strengthening of operating margins from improvements in the Generics and Injectables businesses helped group prof
Read moreKenmare swings to loss but upbeat about Moma potential
12th Mar 2014 07:37
- Pre-tax loss of 42.1m pounds - Revenues sink 41 per cent as prices fall - Moma expansion completed after recent investment Kenmare Resources swung to a loss in 2013 on the back of falling commodity prices but gave an upbeat outlook after completing its investment programme in the Moma Titanium Mi
Read moreFTSE 250 movers: Savills climbs on reports of partnership deal
10th Mar 2014 13:45
Savills rose on the news the real estate advisor had agreed a new partnership with McGuire Real Estate, the San Francisco-based real estate brokerage. Water regulators have given a boost to Pennon Group, pushing the stock firmly higher after saying its regulated water utility, South West Water, has
Read moreRBC Capital says debt restructure should lift Kenmare
14th Feb 2014 15:10
Broker RBC Capital Markets says a debt restructuring deal agreed by Mozambique titanium miner Kenmare Resources should remove any need for a fund-raising and could boost its share price. Kenmare was facing a debt payment of $143m by August 2015, but the deal with lenders it announced on Friday has
Read moreFTSE 250 movers: Kazakhmys extends rise on currency valuation change
14th Feb 2014 14:48
Copper miner Kazakhmys surged today, extending gains made earlier this week after the Kazakh government devalued its local currency which investors hope will lead to lower costs for the firm. Shares of Essar Energy are rocketing after the company announced that all main units have resumed operation
Read moreKenmare restructures financing of Mozambique mine
14th Feb 2014 09:25
Titanium miner Kenmare Resources has struck a deal with lenders to restructure the finances of its flagship Moma mine in Mozambique. Kenmare said the agreement removes an obligation to repay all deferred subordinated debt by August 1st 2015 and reschedules all such debt unpaid as of July 31st 2015.
Read moreFTSE 250 movers: Telecity sinks on revenue prediction
12th Feb 2014 14:59
Data centre services group Telecity saw its shares dive after predicting 2014 revenue would be below that forecast by analysts following a good set of results for 2013. Liberum issued a 'sell' rating on the company saying the guidance was five per cent below its guidance. Engineering and project m
Read morePanmure upgrades Kenmare Resources to 'buy'
12th Feb 2014 13:46
Broker Panmure Gordon upgraded titanium miner Kenmare Resources to a 'buy' from 'hold' on Wednesday, saying a potential debt restructuring should keep its finances robust beyond this financial year. Panmure, whose analysts visited Kenmare's Moma titanium mine in Mozambique last month, said the comp
Read moreSector movers: Industrial miners gain on copper prices, ArcelorMittal
7th Feb 2014 15:20
Industrial metals and mining stocks were among the best performers in London on Friday as metals prices more or less rose across the board. Copper, in particular, was up 0.5% at $3,245 a pound, heading for its biggest weekly gain (+1.5%) since late-December. Analysts said the gains were as a res
Read moreFTSE 250 movers: Miners provide a lift, retailers fall
7th Feb 2014 13:55
Mining stocks were among the best performers on the FTSE 250 on Friday as metal prices more or less rose across the board. Kenmare Resources, Vedanta Resources and EVRAZ were putting in decent gains. Copper prices, in particular, were up 0.5% at $3,245 a pound, heading for the biggest weekly gain (
Read moreSector movers: Metals, financials bear brunt of the sell-off
24th Jan 2014 15:33
Every sector on the UK stock market was either flat or in the red on Friday afternoon as a global rout of equity indices spurred investors to shy away from risk. Rising concerns about a slowdown in China - figures yesterday pointed to a contraction in the manufacturing sector in January - and a sel
Read moreFTSE 250 movers: Imagination Tech extends recent declines
23rd Jan 2014 15:25
Imagination Technologies Group was once again a big faller despite Liberum Capital recommending investors buy the stock, saying it was 'overhyped on the way up and has been oversold on the way down'. The share price has fallen from 552p in March 2013 to its current level of less than 193p. IP Grou
Read moreKenmare's ramp up of Moma Mine boosts production
23rd Jan 2014 09:10
Kenmare Resources reported a 120 per cent increase in ore mined at its Moma Mine in Mozambique to 7.66 tonnes with grades improving 11 per cent. In the three months to December 31st 2013, the group produced 311,000 tonnes of heavy minerals concentrate (HMC), compared with 157,000 tonnes of HMC in 2
Read moreFTSE 250 movers: F&C Asset Management up on read-across
20th Jan 2014 13:45
F&C Asset Management was to be found in the upper rungs of the leader-board today after Credit Suisse upped the majority of its price targets for Europe's Diversified Financials. The sector has the highest 'gearing' to a rise in 10-year US Treasury yields, the Swiss broker's analysts explained.
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