London close: Blue chips, mid caps end higher as miners rally with copper prices
13th Feb 2017 17:17
(ShareCast News) - UK blue chips and mid caps chimed Monday's close on a positive note, with the latter at yet another record high, as mining-related stocks surged alongside the price of the industrial-favourite copper. Prices for the 'red metal' pushed higher at the start of the week on expectatio
Read moreLondon open: Miners pace early gains after protesters enter key BHP mine
13th Feb 2017 08:41
(ShareCast News) - London miners paced early gains on Monday as news of a worsening strike at the world's largest copper mine sent futures for the red metal sharply higher. As of 08:16 GMT FTSE 100 index was higher by 8.21 points at 7,266.96. Investor sentiment was bolstered by positive news from U
Read moreMonday broker round-up
13th Feb 2017 08:26
(ShareCast News) - Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p. Flybe Group: HSBC reiterates Buy with a target price of 55p. Esure Group: Berenberg maintains Sell with a target price of 193p. Berendsen: Citigroup reiterates Neutral with a target price of 930p. Sm
Read moreMiners pace gains as copper hits 20-month high
13th Feb 2017 08:10
(ShareCast News) - Shares in miners were boosted in early trading on concern that simultaneous disruptions at the world´s two largest copper mines might lead to a sharp reduction in supplies. On 11 February, roughly 300 protesters illegally entered the premises of BHP Billiton´s Escondida copper min
Read moreFTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreSector movers: Miners gain on stronger than forecast Chinese trade numbers
10th Feb 2017 14:48
(ShareCast News) - Metals and Miners' shares bounded higher at the tail-end of the week amid stronger than expected foreign trade data out of China referencing the month of January, together with sharp gains in the price of some bulk metals. Nonetheless, in the case of Dr. Copper note should be t
Read moreRio Tinto appoints three non-exec independent directors
10th Feb 2017 13:59
(ShareCast News) - Shares Rio Tinto are up more than 3% after the mining giant confirmed the appointment of three oil- and energy-sector heavyweights to the boards of London-quoted Rio Tinto Plc and Australia-listed Rio Tinto Ltd. "The new directors broaden the experience of the board, bringing cons
Read moreThursday broker round-up
9th Feb 2017 08:59
(ShareCast News) - Hargreaves Lansdown: Citi reiterates Sell with a target price of 1200p. Rio Tinto: Deutsche Bank reiterates Buy with a target price of 4000p. Redrow: Deutsche Bank reiterates Hold with a target price of 548p. Mondi: Jefferies reiterates Buy with a target price of 2000p. Easyjet
Read moreSector movers: Drop in bond yields sees interest rate-sensitive names gain
8th Feb 2017 15:08
(ShareCast News) - Homebuilders and food processors were again at the top of the leaderboard on Wednesday, alongside interest rate-sensitive issues such as telecoms outfit Vodafone and utilities. Banks on the other hand retreated precisely due to the fall in benchmark Gilt yields. To take note of i
Read moreFTSE 100 movers: Mining shares slide, housebuilders rally
8th Feb 2017 14:57
(ShareCast News) - The FTSE 100 fell 0.41% to 7,156.95 points in Wednesday afternoon trade, led by mining shares. BHP Billiton was the top faller following reports workers at its Escondida copper mine in Chile vowed to start an indefinite strike on Thursday after the miner failed to produce an agree
Read moreCopper futures jump on reports strike at BHP's Escondida to begin Thursday
8th Feb 2017 10:52
(ShareCast News) - Copper futures jumped early on Wednesday morning amid news that talks between BHP Billiton and workers at its Escondida mine had broken down. According to reports, that opened the way for industrial action of indefinite length starting on 9 February. As of 1025 GMT three-month co
Read moreRio Tinto swings to full-year profit
8th Feb 2017 07:08
(ShareCast News) - Mining giant Rio Tinto swung to a profit in the year to the end of December thanks to a recovery in commodity prices, as it announced a better dividend than expected and a $500m share buyback. Net earnings came in at $4.6bn compared to a loss of $866m the year before as most commo
Read moreTuesday broker round-up
7th Feb 2017 15:10
(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be
Read moreWednesday preview: Rio Tinto set to report rise in full year earnings
7th Feb 2017 13:03
(ShareCast News) - Rio Tinto is expected to report on Wednesday a 7% increase in underlying profit in 2016, boosted by a recovery in commodity prices. The mining giant has particularly benefitted from a pick-up in iron ore prices - a major source of revenue for the mining giant - in the second half
Read moreMonday broker round-up
6th Feb 2017 12:34
(ShareCast News) - Rio Tinto: Macquarie reiterates outperform with a target price of 4300p. Barclays: HSBC reiterates buy, 260p target. Restaurant Group: UBS reiterates neutral with a 310p target. Beazley: JP Morgan reiterates overweight with a 460p target. Inchcape: Deutsche Bank reiterates buy
Read more