Sector movers: Mining stocks dented by Greek concerns
15th May 2012 15:52
Mining stocks continue to bear the brunt of recent sell-offs on the back of concerns over the ongoing Eurozone debt crisis. Metals prices are under pressure again today as worries over the escalating political situation in Greece continue to prompt speculation that the nation could leave the euro i
Read moreFTSE 250 movers: Miners up on Chinese stimulus speculation
13th Apr 2012 14:29
Mining stocks Kenmare and Ferrexpo were on the up after Chinese GDP data came in below expectations, which sent rumours flying around that the 'weak' (by Chinese standards) growth may prompt the central bank to boost the economy by launching new stimulus measures. Burkina Faso-focused gold miner A
Read moreThursday tips round-up: Kenmare, Petropavlovsk, Ophir Energy
29th Mar 2012 06:53
Questor in the Telegraph ponders Kenmare, the Mozambique titanium dioxide miner with one main asset, the Moma mine. The company benefited from rising prices last year but production was difficult because the ore body at Moma started to show higher levels of clay, making dredging difficult. It is n
Read moreLondon close: UK GDP, Eurozone concerns weigh on stocks
28th Mar 2012 16:40
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Comments from ECB's Weidmann weigh on markets Just a dozen or so stocks on the FTSE 100 finished in the blue on Wednesday as the benchmark index sank a whole percentage point to its lowest level of the day. A weaker-than-expe
Read moreFTSE 250 movers: Spots knocked off Domino
28th Mar 2012 14:12
Titanium feedstock miner, Kenmare Resources, leapt on news of a sharp increase in revenues and a return to the black in 2011. Revenues during 2011 increased to $167.5m from $91.6m in 2010, while profit after tax was $23.7m versus a loss of $16.3m in the prior year. Gold producer Petropavlovsk also
Read moreLondon midday: Stocks slip after UK GDP data
28th Mar 2012 11:36
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Defensives in demand The FTSE 100 swung between gains and losses during the morning session in London as stocks reacted to some worse-than-expected economic data. The UK economy did worse in the last three months of 2011 than
Read moreLondon open: Stocks flat ahead of GDP data
28th Mar 2012 08:24
- Investors await UK GDP data - RSA, Pru, Anglo among ex-div stocks providing a drag - Kenmare, Petropavlovsk lead rise on FTSE 250 London's blue chip index opened cautiously on Wednesday with ex-dividend stocks registering heavy losses, while concerns over the outlook for US economic growth weighe
Read moreKenmare cashes in on high prices but has sludge problem
28th Mar 2012 07:20
Titanium feedstock miner, Kenmare Resources, has reported rising profits but says it needs to buy new dredging equipment for its main asset, the Moma mine in Mozambique. Moma produces ilmenite, zircon and rutile; all are ingredients used to make titanium oxide pigment and titanium metal, and the de
Read moreSector movers: Miners tumble on Chinese demand worries
5th Mar 2012 16:12
China's decision to lower its forecast for growth in 2012 knocked resource companies from the off today, with mining stocks being down an average 3.42 percent in afternoon trade. Wen Jiabao, the Premier of the world's second-largest economy, revealed that the country had reduced its gross domestic
Read moreLondon open: Miners fall as China cuts GDP target
5th Mar 2012 08:32
- China cuts 2012 GDP target to 7.5%. - Miners drag Footsie lower early on; Glencore declines after results. - BP up after Macondo settlement. With China cutting its growth forecast to the lowest level since 2004, miners were the worst performers in early trading on Monday, dragging London's FTSE 1
Read moreKenmare sees Moma Mine production fall
5th Mar 2012 08:13
Irish mining company Kenmare said final output for January was lower than expected after poor weather conditions and problems in the mining path caused a delay in production at the Moma Mine on the coast of Mozambique. These factors have also continued to adversely affect February production, mean
Read moreFTSE 250 movers: Galliford leaps on divi raise
22nd Feb 2012 14:27
Housebuilding and construction firm Galliford Try rose to pole position after reporting that it had doubled its interim dividend and delivered strong profit growth. Pre-tax profit rose to £32.2m for the half year ended 31 December 2011 from £17m the same time a year earlier. Group revenue climbed
Read moreLondon close: Stocks slip as doubts remain over Greece
21st Feb 2012 16:32
- Doubts still remain over Greek despite €130bn bailout. - Vedanta jumps on speculation of restructuring. - Kenmare rises on takeover rumours. London's blue chip index finished the day slightly lower as last night's approval by Eurozone finance ministers to grant Greece its next aid package underwh
Read moreLondon midday: Greek optimism lifts the Footsie
17th Feb 2012 11:41
- Footsie rises as Greek optimism boosts buying. - Resources stocks track commodities prices higher. - UK retail sales beat expectations. The FTSE 100 had held on to gains by lunchtime - keeping its head above the 5,900 mark - as Greece comes ever closer to its crucial second bailout. Meanwhile a
Read moreLondon open: Stocks up ahead of economic data
25th Jan 2012 08:39
London's Footsie opened slightly higher on Wednesday morning with the mood boosted by last night's strong showing from US tech giant Apple. In UK news, a raft of economic data is due out this morning, including the minutes from the January meeting of the Bank of England's Monetary Policy Committee
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