Sunday share tips: Oxford Instruments, FTSE 100 miners, Redcentric
18th Oct 2015 14:21
(ShareCast News) - Oxford Instruments shares should be sold, said the Sunday Times' Inside the City column. The high-tech device maker spun out of Oxford University in 1959 needs to operate right on the bleeding edge of technology, and often depends on acquisitions to stay relevant - but not even th
Read moreRio Tinto posts mixed bag of production results
16th Oct 2015 07:17
(ShareCast News) - Rio Tinto has increased production in most areas, but further declines in copper production let the company down. The FTSE 100 listed mining company released its third quarter production results on Friday that showed it increased iron ore shipments and production for the quarte
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreFTSE 100 movers: Miners move up while airlines skydive
7th Oct 2015 13:44
(ShareCast News) - The FTSE 100 was up 41.13 points (0.65%) to 6,367.29 by mid-afternoon Wednesday. Mining stocks, specifically Anglo American, Rio Tinto and BHP Billiton drove the market higher on the back of Morgan Stanley upgrading its stance on all three stocks. The investment firm also lifted
Read moreMorgan Stanley lifts stance on European miners; bumps up BHP, Rio and Anglo
7th Oct 2015 09:27
(ShareCast News) - London-listed miners Rio Tinto, BHP Billiton and Anglo American got a boost on Wednesday after Morgan Stanley upgraded its stance on all three stocks, as it lifted its view on the European metals and mining sector to 'attractive' from 'in line'. As far as the sector as a whole is
Read moreLondon open: Mining shares lift equities higher
7th Oct 2015 08:29
(ShareCast News) - London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose. Anglo American, Rio Tinto and BHP Billiton topped the FTSE 100 in morning trade as the price of gold and copper jumped on the Comex. SABMiller was also on the front foot, reversing the previ
Read moreBroker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
5th Oct 2015 15:56
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreSocGen upgrades Rio and Glencore, but downgrades BHP Billiton
5th Oct 2015 09:50
(ShareCast News) - Societe Generale reviewed its ratings on Rio Tinto, Glencore and BHP Billiton as it took a look at the metals and mining sector, which it rates at 'neutral'. The bank lifted Rio Tinto to 'buy' from 'hold', albeit with a lower price target of 2,450p from 3,100p. It said the stock c
Read moreRio Tinto sells stake in Bengalla coal joint venture
30th Sep 2015 07:02
(ShareCast News) - Rio Tinto has sold its 40% stake in the Bengalla coal joint venture in Australia for $606m (£400m), the company announced on Wednesday. Its stake in the mine, which produced 8.6m tonnes of coal in 2014, has been sold to New Hope Corporation Limited. Bengalla is the smallest of th
Read moreCredit Suisse downgrades Anglo American, sees cut to divi
22nd Sep 2015 10:18
(ShareCast News) - Until final demand from China and emerging market currencies find a bottom it will continue to be hard to set a floor for commodity prices, one of the world's largest brokers believed. Iron ore was set to do worst from current levels while copper prices were seen "hovering" around
Read moreLondon close: Stocks decline on interest rate confusion ahead of FOMC decision
14th Sep 2015 16:27
(ShareCast News) - The UK equity market declined on Monday after earlier gains as investors showed nervousness ahead the Federal Reserve's interest rate decision. The Federal Open Market Committee on Thursday announces whether it will raise rates for the first time in almost a decade following a two
Read moreLondon midday: Stocks edge higher as China unveils state-firm reforms
14th Sep 2015 11:50
(ShareCast News) - London stocks edged higher on Monday after China revealed details of state-business reforms as worse-than-expected data fuelled concerns about the nation's slowdown. China on Sunday outlined plans to restructure its state-owned enterprises, including partial privatisation. The pro
Read moreBroker tips: Drax, Rio Tinto, Diageo
11th Sep 2015 13:49
(ShareCast News) - Drax was under the cosh after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed its price target to 230p from 300p. It said that as regards the outcome of the EU's deliberations on whether to permit the proposed fixed price CfD for Drax's third unit conversio
Read moreUBS ups Rio Tinto to 'buy' with an unchanged price target
11th Sep 2015 08:57
(ShareCast News) - Rio Tinto got a boost on Friday after UBS upgraded the stock to 'buy' from 'neutral' with an unchanged price target of 2,850p. The bank said the risk/reward scenario is improving following recent weakness in the share price, with Rio starting to show some discipline in iron ore an
Read moreFTSE 100 movers: Miners and financials drive third successive uptick
9th Sep 2015 14:55
(ShareCast News) - The FTSE 100 index was higher for the third day of the week, led by miners and financials stocks. Diversified miner Anglo American was the leader of the pack with an hour to go on Wednesday as it confirmed the sale of loss-making Rustenberg mining and concentrating operations to S
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