Numis downgrades Centamin to 'hold' from 'buy'
6th Feb 2017 10:24
(ShareCast News) - Numis on Monday downgraded its rating on Centamin to 'hold' from 'buy' and left its target price unchanged at 170p, following the gold mining company's recent share price appreciation. The Egyptian miner last Wednesday reported its full year results. Revenue jumped 35% to $687m an
Read moreFTSE 250 movers: Gold miners shine; Wizz Air flies lower
2nd Feb 2017 14:31
(ShareCast News) - The FTSE 250 index rose 0.13% to 18,264.17 in the late afternoon. Financial services firm JRP Group was in the green as it reported that its margin for 2016 will exceed 6%, up from 3.6% on a pro-forma basis from the previous year, due to pricing and risk selection, as well as on m
Read moreThursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreCentamin declares dividend bonanza as earnings soar and costs fall
1st Feb 2017 08:11
(ShareCast News) - Egyptian gold miner Centamin declared a bumper dividend as it posted results for the year to 31 December on Wednesday, with EBITDA up 145% to $373m due to higher gold prices, increased production and lower costs. The FTSE 250 company's revenue was also up, to $158.3m from $130.2m
Read moreFTSE 250 movers: Miners climb while Nostrum Oil and Gas slips
27th Jan 2017 15:39
(ShareCast News) - The FTSE 250 index rose 0.26% to 18,190.37 in the late afternoon. The UK's largest food wholesale operator Booker Group gained as it reached an agreement to merge with supermarket giant Tesco. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new Te
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreCentamin production at Sukari well above 2016 forecast
9th Jan 2017 07:13
(ShareCast News) - Centamin announced its preliminary production results for the quarter to 31 December from its Sukari Gold Mine in Egypt on Monday, with total gold production for the period of 136,787 ounces - an 8% decrease on the previous quarter and a 16% increase on Q4 2015. The FTSE 250 firm
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read moreEgypt announces shift towards floating exchange rate
3rd Nov 2016 09:03
(ShareCast News) - Egypt´s central bank announced its decision to switch towards a semi-floating exchange rate in a bid to alleviate a 'credit crunch' in the country. In parallel, the country´s monetary authority announced a 300 basis point hike in its main lending rates. The monetary authority "an
Read moreBroker tips: Centamin, Ladbrokes Coral, Amec Foster Wheeler
1st Nov 2016 12:25
(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
Read moreNumis cuts Centamin to 'hold' from 'add'
1st Nov 2016 09:56
(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
Read moreCentamin sees FY production at upper end of guidance
31st Oct 2016 07:33
(ShareCast News) - Centamin said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and 540,000 ounces as it reported a 41% increase in third quarter output. The group said gold production in the third quarter was 148,674 ounces, up 41% on the same period
Read moreSector movers: Retailers, homebuilders pace gains
11th Oct 2016 17:12
(ShareCast News) - Somewhat ironically, it was two of the sectors with perhaps the most to lose from the drop in the pound's value which helped to offset losses in Mining and Oil & Gas even as Sterling continued to skid lower. A better than expected showing from retailers during the month of Septemb
Read moreFTSE 250 movers: Clothing retailers outstrip weight of gold miners
11th Oct 2016 14:32
(ShareCast News) - While its larger sibling fell into the red after soaring to record levels, the FTSE 250 was still in positive territory on Tuesday afternoon, as positive earnings reports provided good cheer. After some difficult months for the sector as weather played havoc with their seasonal sa
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