Centamin production up 41pc at Sukari
5th Oct 2016 07:15
(ShareCast News) - Centamin announced preliminary production results for the quarter to 30 September from its Sukari Gold Mine in Egypt on Wednesday, with preliminary total gold production of 148,674 ounces, a 6% increase on the previous quarter and a 41% increase year-on-year. The FTSE 250 firm sai
Read moreFTSE 250 movers: Exporters exce but OneSavings tops the list
4th Oct 2016 16:04
(ShareCast News) - Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1.66% higher late on Tuesday. Exporting companies that were high in the leaderboard included European-focused lender International Personal Finance, equipment rental group Aggreko, which
Read moreFTSE 250 movers: Grafton warns of challenging backdrop, gold miners drop
31st Aug 2016 16:41
(ShareCast News) - Grafton Group paced losses on the second tier index after warning of a challenging backdrop in UK merchanting. The builders´ merchant posted interim pre-tax profits up by 8% to £62.8m on revenue of £1.2bn, 13% higher from the first half of last year. "Shares are up +11% over the
Read moreFTSE 250 movers: Gold miners weigh against rising builders
22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
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 moreCosts down, production up in Q2 at Centamin
10th Aug 2016 08:07
(ShareCast News) - Centamin announced its results for the second quarter to 30 June on Wednesday, with an EBITDA of $101.6m up 51% on the first quarter. The FTSE 250 firm said this was driven by an increase in realised gold prices and gold sales volumes, together with improved operational efficienci
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 moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
Read moreCentamin reports strong Q2 gold production from Sukari
7th Jul 2016 08:36
(ShareCast News) - Gold Miner Centamin said second quarter production from its Sukari operation in Egypt increased 12% to 140,306 ounces on the previous quarter and 30% year-on-year. Total first half gold production was 265,574 ounces, the company added. Centamin said quarterly throughput at the pr
Read moreFTSE 250 movers: house builders in focus as mid caps sour
4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
Read moreFTSE 250 movers: Aveva flies as G4S wilts amid Brexit pall
13th Jun 2016 16:56
(ShareCast News) - FTSE 250 finished lower alongside its blue-chip sibling as Brexit fears acted as a dead-weight on sentiment and trade, but served to boost the appeal and price of safe-haven gold. Aveva was ahead almost 10% as it confirmed receiving a revised and conditional proposal from Schneide
Read moreDirector dealings: Centamin chairman sells £5.6m shares
13th Jun 2016 15:24
(ShareCast News) - Centamin founder and executive chairman Josef El-Raghy has sold disposed of 5m shares not long after they hit their highest levels for five years. The chairman of the Egyptian gold miner offloaded shares in his Nordana fund between 8 June and 10 June at an average price of £1.11 p
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreBroker tips: Coca-Cola HBC, Shire, Centamin
20th May 2016 13:04
(ShareCast News) - Beverage bottler Coca-Cola HBC shares jumped on Friday after Citigroup upgraded the stock to 'buy'. Analysts at Citigroup said the company's shares trade at a five-year peak discount to peers. While they acknowledged concerns - including a potential naira devaluation and rising s
Read moreCentamin rallies as Morgan Stanley initiates at 'overweight'
20th May 2016 08:23
(ShareCast News) - Centamin got a boost on Friday as Morgan Stanley initiated coverage of the stock at 'overweight' with a 130p price target, saying it was its top pick within the European gold space. "Sukari provides a solid foundation from which to grow the business with a 7% free cash flow yield
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