S&P cuts rating on Mongolia's long-term sovereign debt
19th Aug 2016 15:17
(ShareCast News) - A significant weakening in the country's growth prospects led analysts at Standard & Poor's to sour in their view on the creditworthiness of Mongolia's long-term debt. S&P cut its long-term rating on the northern Asian nation's sovereign debt by one notch to B-. Mongolia's mixed
Read moreThursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read moreRio Tinto completes sale of Mount Pleasant thermal coal assets
5th Aug 2016 07:01
(ShareCast News) - Rio Tinto completed the sale of its Mount Pleasant thermal coal assets to MACH Energy Australia Pty, taking its tally for divestments since January 2013 to $4.7bn. The total consideration of the transaction amounted to $220.7m plus royalties.
Read moreThursday broker round-up
4th Aug 2016 11:59
(ShareCast News) - Next: Goldman Sachs reiterates sell with a target price of 4800p. Standard Chartered: JP Morgan maintains overweight with a 800p target. Shire: JP Morgan reiterates overweight with a 6300p target. Genus: HSBC stays at buy with a 2200p target. Nichols: UBS keeps at buy with a ta
Read moreRio Tinto urges caution as profits fall to lowest in 12 years
3rd Aug 2016 08:22
(ShareCast News) - First half profits at Rio Tinto fell to their lowest since 2004 as crumbling commodity prices hit home, but though the numbers were in bang in-line with analyst forecasts the mining behemoth said caution was still required for the medium-term. In the six months to 30 June, the day
Read moreMacquarie expresses preference for Rio Tinto over BHP after Q2 production update
20th Jul 2016 11:04
(ShareCast News) - Analysts at Macquarie reiterated their 'outperform' stance on shares of Rio Tinto following the mining group´s second quarter calendar year production update. They also reiterated their preference for the miner´s shares over those of rival BHP Billiton. Overall, the update was mi
Read moreWednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreSector movers: Real estate, Oil&Gas pace gains, mining down
19th Jul 2016 10:54
(ShareCast News) - Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year. In the case of the Washington-based
Read moreRio Tinto ramps up iron ore production
19th Jul 2016 07:13
(ShareCast News) - Mining giant Rio Tinto said second quarter iron ore production from its mines in Western Australia's Pilbara rose 8% to nearly 81m from the same time a year ago. Pilbara iron ore shipments rose 6% to 82.2m tonnes. Over the six month period, shipments of iron ore increased 8% to n
Read moreThursday broker round-up
14th Jul 2016 11:01
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510
Read moreRio Tinto sells coal mine for A$1 as industry struggles
4th Jul 2016 15:08
(ShareCast News) - Mining giant Rio Tinto sold its interest in a coal mine in Australia for A$1 as the commodity market continues to struggle. The mine was sold for less than the price of a cup of coffee, the Financial Times reported on Monday. Rio Tinto's new chief executive said he wants to grow
Read moreSunday newspaper round-up: Brexit, BoE, LSE, housebuilders, Rio Tinto, Go-Ahead
3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read moreFriday newspaper share tips: Rio Tinto, Hays, PageGroup
1st Jul 2016 11:18
(ShareCast News) - Investors in Rio Tinto need not worry about yesterday´s unexpected change of control in Mongolia´s parliament, the Financial Times´s Lex column said. The opposition Mongolian People´s Party won control of the chamber by a landslide vote, prompting some to worry given that one of t
Read moreRio Tinto ends mining involvement in PNG
30th Jun 2016 07:05
(ShareCast News) - Rio Tinto said it was ending its involvement with Papua New Guinea by giving up ownership of the Panguna copper mine on Bougainville island. The miner said it would transfer its majority 53.8% shareholding in Bougainville Copper to an independent trustee to manage the distribution
Read moreWednesday newspaper share tips: Rio Tinto, Whitbread
22nd Jun 2016 13:44
(ShareCast News) - Shares in Rio Tinto should be avoided, they are already expensive and China's economy seems about to "roll-over", The Daily Telegraph's Questor column said. The Anglo-Australian mining concern announced on 21 June that Jean-Sebastien Jacques will replace current chief executive
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