Alecto's shares dive after dicounted £650,000 placing
17th May 2016 15:11
(ShareCast News) - Alecto Minerals's shares plunged almost 17% after raising £0.65m in a discounted placing as it moves to bring the 400,000 tonnes-a-year Matala Gold Project, Zambia, into low-cost production in the near- to mid-term. The placing of 831.25m shares priced at 0.08p each, which would a
Read moreFTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreFTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
Read morePrecious metals miners jump as Fed rate hike calls pushed back
6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreMali carries Randgold to first quarter profit
4th May 2016 08:26
(ShareCast News) - Loulo-Gounkoto in Mali carried Randgold Resources to a profit in its first quarter to March, in a period where its Kibali and Tongon mines were impacted by commissioning and technical issues. The FTSE 100 group also reported a "significant improvement" in safety, with three out of
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreRandgold Resources eye energy improvement to boost Tongon
25th Apr 2016 12:53
(ShareCast News) - Randgold Resources has begun talks with Côte d'Ivoire's power suppliers to overcome energy issues that could prevent its Tongon gold mine from reaching its 2016 annual production target. Group chief executive Mark Bristow said had completed its capital project designed to improve
Read moreRandgold invests in West African golfers
25th Apr 2016 07:53
(ShareCast News) - Randgold Resources announced a new investment on Monday, into the future golfers of West Africa. The FTSE 100 mining firm has launched a gold academy for children at a golf day in the Korhogo region of Côte d'Ivoire as a joint initiative between itself and the Ivorian sport promot
Read moreSectors movers: Precious metals miners shine, banks hit by Fed
17th Mar 2016 16:08
(ShareCast News) - A charge of the large cap mining brigade kept the FTSE 100 index just in positive territory through Thursday afternoon. Boosted by the weaker dollar, commodity prices perked up, with copper up 2%, iron ore strengthening even more and precious metals sparkling. "Gold has found its
Read moreFTSE 100 movers: Anglo American up while Admiral slumps
14th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge. Embattled miner Anglo American was among the leaders, after news its boss Mark Cutifani took home a smaller pay cheque in 2015
Read moreFTSE 100 movers: Rolls-Royce leads index higher
12th Feb 2016 14:09
(ShareCast News) - The FTSE 100 was set to end the week having reduced some of its losses, with the index up 108.93 points (1.97%) to 5,645.90. Rolls-Royce Holdings led the charge as it cut its final and next interim dividend by 50% and dismissed the need for a rights issue. Lifting the mood, full
Read moreFTSE 100 movers: Banking shares drive index down
11th Feb 2016 14:37
(ShareCast News) - The FTSE 100 resumed its slide on Thursday, with the blue-chip index dropping 80.51 points (1.42%) to 5,591.79 points by mid-afternoon. Banking shares were under pressure, with Barclays and Standard Chartered among the top fallers, after Societe Generale's profit warning added to
Read moreHSBC, UBS downgrade Randgold on valuation but lift target after results
9th Feb 2016 15:35
(ShareCast News) - Randgold Resources was the subject of a couple of ratings changes on Tuesday following the gold miner's annual results the previous day. HSBC cut its view on the stock to 'hold' from 'buy' on the back of share price strength, noting the shares have rallied 37% year-to-date. Howev
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