Tuesday tips round-up: Banks, Petropavlovsk, Glencore Xstrata
14th May 2013 07:10
Authorities attempts to create a challenger to the main established lending groups - RBS, Lloyds, Barclays, HSBC - are in a state of disarrray after Moody´s six notch downgrade of Co-op last week. Simply put, creating a large new lender is far more difficult and risky than many appreciate. In any ca
Read moreFTSE 250 movers: Petropavlovsk rises on plans for cash savings
13th May 2013 15:54
Petropavlovsk plans to make cash savings and cost cuts in response to volatility in gold prices. The Russia-focused miner said it has approved adjustments to its business plan this year, including estimated cash savings of 160m dollars to strengthen its financial position against falling commodity p
Read morePetropavlovsk cuts costs to mitigate volatile gold prices
13th May 2013 10:53
Petropavlovsk plans to make cash savings and cost cuts in response to volatility in gold prices. The Russia-focused miner said it has approved adjustments to its business plan this year, including estimated cash savings of $160m to strengthen its financial position against falling commodity prices
Read moreFriday newspaper round-up: RBS, Barclays, Shell...
3rd May 2013 06:26
"Royal Bank of Scotland is poised to send the clearest signal yet that it is ready for the government to begin reprivatising its majority stake," writes the Financial Times. The paper says that the bank is expected to announce plans for a share sale that could start as soon as next year. According
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreWednesday tips round-up: ARM Holdings, Petropavlovsk
24th Apr 2013 07:21
There is something to be said for companies who manage to significantly outperform their peers, but not a whole lot when they are trading at 40 times´ forward earnings. That is the case of chip-maker ARM Holdings, who yesterday announced first quarter figures which came in comfortably ahead of analy
Read morePetropavlovsk posts record production in first quarter
23rd Apr 2013 07:45
Petropavlovsk achieved record gold production in the first quarter as output increased at its Pioneer and Albyn mines in Russia. The group produced 136,800 ounces (oz) of gold for the first three months of the year, up 13% from 2012. It sold 146,400oz of gold at an average price of $1,639/oz.
Read moreBroker tips: Tullow, Debenhams, Gold miners
18th Apr 2013 11:14
Tullow Oil's recent pull-back due to investor uncertainty over its exploration-led strategy has created a buying opportunity, according to Societe Generale, which has upgraded its rating for the shares from 'hold' to 'buy'. "Short-term catalyst-driven investors should now have moved on from the s
Read moreBroker snap: Tradenext highlights 'buys' in gold sector after sell-off
18th Apr 2013 11:00
The sharp sell-off in the gold price this week on the back of concerns over demand has created some buying opportunities across the gold-mining sector, according to Tradenext. Gold slumped by around 9.0% on Monday, its biggest on-day drop since the start of the 1980s as a slowdown in China and pric
Read moreLondon midday: Markets extend losses after Boston tragedy, German ZEW survey
16th Apr 2013 11:33
The FTSE 100 looked set to register its third straight decline by Tuesday lunchtime, extending heavy losses made the day before as mining stocks were hammered by slowing growth in China. While miners were doing their best to rebound this morning, markets on the whole were on the cautious side as i
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreSector movers: Miners fall sharply as Chinese growth disappoints
15th Apr 2013 16:05
Mining stocks were tracking commodity prices sharply lower on Monday afternoon as a disappointing reading of Chinese economic growth dampened the demand for 'riskier' assets. As such, defensive sectors were at the top of the pile: stocks that are expected to hold up relatively well during tough eco
Read moreFTSE 250 movers: Petropavlovsk leads mining sector lower
15th Apr 2013 15:04
Mining stock Petropavlovsk plunged after Citi downgraded the stock and cut its forecasts for gold. Other miners, including Bumi, Centamin, Ferrexpo, Hochschild and African Barrick Gold were also falling sharply. High Street bookie Ladbrokes also fell after it said it has said that it had experienc
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