Friday 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 morePan African Resources appoints CEO as FD steps down
9th Sep 2013 09:07
Pan African Resources has announced the appointment of Ron Holding as Chief Executive Officer (CEO) and departure of Financial Director Busi Sitole. Holding, who was appointed interim CEO in March this year following the departure of Jan Nelson, will take over the role permanently with immediate e
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read morePan African reports strong results at Barberton and Evander mines
7th May 2013 15:38
Pan African Resources' South African gold mines Barberton and Evander recovered high grades in the first quarter, according to an operational update Tuesday. Barberton sold 25,880 ounces in the three months to March, while the newly-acquired Evander sold 25,990 ounces. The miner said the average
Read moreWhitbread Finance Director buys stake in group
1st Mar 2013 16:15
Nicholas Cadbury, the Finance Director of Whitbread, bought 600 shares at 2,522.88p on Thursday, two days after the hotel and restaurant group posted a 14.8 per cent rise in total sales in the 50 weeks to February 14th. The modest £15,137 purchase follows Tuesday's trading statement, in which the
Read morePan African's CEO steps down
27th Feb 2013 14:20
Pan African Resources announced Wednesday the resignation of Chief Executive Officer Jan Nelson. He steps down from the company and its board on March 1st but will continue to provide counsel. He will remain a Director of Auroch Minerals, the holding company of the Manica gold project. Chairman,
Read moreNew Thorntons Chairman buys a chunk of shares as profits climb
25th Feb 2013 16:31
The new Chairman of Thorntons increased his stake in the High Street chocolatier by around a half on Monday, the same day that the company revealed a massive jump in profits in the first half. Paul Wilkinson purchased ome 310,000 shares in the company (equal to a 0.45% stake) at a price of 47p a sh
Read morePan African Resources acquires Evander Gold Mines from Harmony
15th Feb 2013 08:15
Precious metals producer Pan African Resources' has fulfilled the remaining conditions necesary to undertake an unconditional acquisition of Evander Gold Mines from Harmony Gold Mining. Nelson: Evander is "world-class ore-body" Jan Nelson, Chief Executive Officer of Pan African Resources, comment
Read morePan African Resources sells Manica Gold Project
29th Aug 2012 08:55
Gold and platinum producer Pan African has agreed to sell its Manica Gold Project to Auroch Minerals Mozambique, a wholly owned subsidiary of Terranova Minerals, to retain its focus on the development of its South African based operating assets. The exploration project, which is situated in central
Read morePan African wins approval to start project
1st Feb 2012 15:03
Pan African Resources, the southern Africa-focused gold and platinum producer, has won approval from directors for the first phase of its Barberton Tailings Retreatment Project situated close to the Barberton Gold Mining Operations. The firm anticipates that the project will increase the productio
Read morePan African Resources sees earnings almost double
25th Jan 2012 09:20
Pan African Resources, the southern Africa-focused gold and platinum producer, says earnings for the final six months of 2011 will be between 83% and 93% better than the equivalent period of 2010. The impressive announcement has been forced on the firm by stock exchange rules which require disclosu
Read moreGold price lifts sales at Pan African Resources
12th Sep 2011 15:55
Mining firm Pan African Resources saw strong results for the full year to 30 June. Revenues for gold sales rose 15.62% from £68.5 to £9.2m after a rise in the price of the precious metal, while pre-tax profits increased from £14.4m to £17m. Earnings per share grew from 1.04p to 1.20p. Only the
Read moreFriday tips round-up: IG Group, Pan African Resources, JD Sports...
10th Jun 2011 06:41
IG Group announced a management rejig and the closure of its sport-betting business yesterday along with its end-of-year trading statement. The moves signal a welcome decision to concentrate on the spread-betting company's core financial business and to expand it in new markets and make use of new t
Read moreSmall caps round-up: Medusa Mining, Kentz, Central Rand
22nd Feb 2011 14:59
Philippines-focused miner Medusa Mining saw earnings before interest, tax, depreciation and amortisation double to $63.3m in the six months to 31 December 2010 from $31.5m in the second half of 2009. Revenues surged to a record $78.3m from $41.3m the year before, due to increased gold production a
Read moreBetfair finance chief buys
15th Dec 2010 16:33
Betfair finance director Stephen Morana has bought £100,000 worth of shares in the betting exchange operator following yesterday's share price fall in the back of interim figures. Betfair floated in October at an offer price of 1,300p a share. It dipped below that price prior to the interims and a
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