5th Dec 2012 08:07
Petropavlovsk, a FTSE 250 mining group, has said that on Tuesday it signed a share purchase agreement for the transfer of 65 per cent of its issued shares in Omchak to Susumanzoloto in four tranches. The total consideration for the sale is $21.65m. The approval of the Federal Antimonopoly Servic
Read more29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read more2nd Nov 2012 12:39
Goldman Sachs has issued a 'neutral' recommendation on gold miner Petropavlovsk (POG), despite increasing its 12-month price target to 500p, from 470p. Analysts at the US bank remain concerned about medium-term drawbacks: falling grades; rising costs; dilution of returns from investment in its pres
Read more17th Oct 2012 16:12
As on the FTSE 100, second tier miners were also firmly higher, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to increase demand for commodities. Metals futures were higher for gold, silver, platinum and copper. Cable & Wireless Communi
Read more16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read more16th Oct 2012 15:50
Petropavlovsk said IRC, its former non-precious metals division now listed on the Hong Kong Stock Exchange, had completed a technology overhaul at its Kuranakh operation in Russia. This would result in a 150% increase in ilmenite capacity and the reaffirmation of the company's targets for 2012 and
Read more16th Oct 2012 15:12
Internet and catalogue home shopping firm N Brown topped the risers list on Tuesday afternoon, gaining 13 per cent after beating forecasts in the first half. The company reported that revenue in the 26 weeks to September 1st came in at £379.3m, up 4.3% on the year and ahead of the consensus estimat
Read more16th Oct 2012 11:48
- German ZEW index beats forecasts - Markets await results from US blue-chips - Signs of progress in Eurozone lift sentiment UK stocks had held on to gains by Tuesday lunchtime as investors digested some decent economic figures and improving newsflow from the Eurozone. "Financial markets extended
Read more16th Oct 2012 08:37
- Portugal, Greece and Spain in the spotlight - Markets await economic data from UK and Eurozone - Rio Tinto and Anglo American gain London's FTSE 100 index registered a strong start on Tuesday morning as investors celebrated signs of progress in the Eurozone. Markets finished with just slight ga
Read more16th Oct 2012 07:49
Gold miner Petropavlovsk said it was on track to achieve its full-year production target of at least 700,000oz. The firm said production had dropped slightly in the the third quarter due scheduled decreases at one of its mines, but it was up 11% in the last nine months compared to the year before.
Read more10th Oct 2012 11:21
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. Nomura has highlighted Petropavlovsk, Centamin and Polymetal as its sector 'likes' going into the third-quarter results. All thr
Read more10th Oct 2012 09:34
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. The Datastream World Gold Mining index is now up 18% over the past three months "as investors return to gold equities after a di
Read more10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read more1st Oct 2012 08:58
Barclays: Liberum Capital upgrades to buy, target lifted from 210p to 245p. British American Tobacco: Investec upgrades to buy. Capital & Counties: Seymour Pierce downgrades from buy to add, 233p target kept. Charles Stanley: Peel Hunt downgrades to hold. Electrocomponents: Panmure Gordon downgr
Read more17th Sep 2012 17:04
Footsie finished the day below 5900, having traded in a narrow range spanning from 5,883 to 5,916, as worries about Chinese growth weighed on investors' minds. Last week London enjoyed a good run on the back of apparent enthusiasm of central banks worldwide to give the global economy a leg-up, but
Read more