Monday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreFTSE 250 movers: Retailers driven higher by Next trading update
3rd Jan 2014 15:48
Lifted by top tier counterpart Next, retailers were today putting in a strong performance, with gains seen by Dixons, Home Retail, as well as Debenhams as it recovered from its profit warning issued earlier this week. Mobile satellite communications services company Inmarsat inched higher on the n
Read moreFTSE 250 movers: Intl Personal Finance given boost by Numis
30th Dec 2013 15:50
Shares in home credit firm Internaional Personal Finance (IPF) were gaining some of its recently lost ground today after it plummeted on Friday morning following the news of a fine in Poland. This was helped significantly by Numis Securities, which said the drop in shares presented a good buying op
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreLondon open: Markets pull back as investors await Fed outcome
17th Dec 2013 08:22
- Markets pull back after 1.3 per cent surge on Monday - Investors await US inflation data ahead of Fed meeting - RSA hit by two credit ratings downgrades techMARK 2,680.51 -0.21% FTSE 100 6,489.08 -0.51% FTSE 250 15,329.78 -0.36% After a strong surge the day before, UK markets opened with moderat
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreKenmare's Operations Director steps down
12th Dec 2013 07:44
The Operations Director of Kenmare Resources, Jacob Deysel, has decided to step down from the role and focus on his ongoing position as Chief Operating Officer of the Moma Mine in Mozambique. He took up the job in February 2009 after joining the company from Richards Bay Minerals, the world's larg
Read moreFTSE 250 movers: Thomas Cook leads risers after jump in profit
28th Nov 2013 15:50
Travel operator Thomas Cook surged after reporting a better-than-expected 49 per cent leap in full-year operating profits as it lifted its near-term guidance for revenue and cost-cutting. Kenmare Resources's wet concentrator plant A (WCP A) at the Moma Mine returned to full production capability fo
Read moreKenmare Resources returns to full production at Moma Mine
28th Nov 2013 08:32
- Returns to full production at Moma - Fire destroyed parts known as 'trommels' - Power outages continue to have impact on production Kenmare Resources's wet concentrator plant A (WCP A) at the Moma Mine returned to full production capability following the successful completion of repairs to machi
Read moreFTSE 250 movers: Chemring jumps on full-year outlook
25th Nov 2013 15:29
Defence group Chemring surged after saying that expectations for the financial year ended October 31st remain in line with previous guidance despite the adverse market backdrop. Pork producer Cranswick also gained after beating forecasts with its interim results as first-half pre-tax profits rose 1
Read moreFTSE 250 movers: Miners lifted by Chinese data
4th Nov 2013 15:39
As on the top-tier index, mining stocks were on the rise, buoyed by the upbeat outlook for top metals consumer China. Evraz, Kenmare, Afren, Hochschild and Ferrexpo were among the best performers. Activity in China's services sector in October expanded at its fastest pace in the last year, reinforc
Read moreSector movers: Miners fall on concerns over China, Caterpillar
23rd Oct 2013 15:40
Mining stocks were out of favour on Wednesday after results from US equipment manufacturer Caterpillar disappointed and concerns over the Chinese economy weighed on sentiment. Gold, silver and copper prices were declining today amid increasing money-market rates in China after the central bank refr
Read moreKenmare Resources extinguishes fire worries at Moma
23rd Oct 2013 11:26
News that a fire at Kenmare Resources' only operating mine will have a 'limited' impact on production until late November has boosted shares in the company. The FTSE 250-listed miner revealed the fire at one of the two offshore wet concentrator plants (WCPs) at its Moma mine in Mozambique, which i
Read moreWednesday broker round-up UPDATE
23rd Oct 2013 09:28
Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p
Read moreFTSE 250 movers: Pace continues impressive rise
16th Oct 2013 15:51
Satellite and cable technology firm Pace continued to rise strongly for the third straight day after Bloomberg reported that Netflix is in talks to add TV subscription-streaming services to set-top boxes of US cable-TV operators. Meanwhile, as on the top-tier FTSE 100, the fallers were led by minin
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