Centamin Q1 production falls as expected, but guidance unchanged
8th Apr 2015 07:50
Egyptian gold miner Centamin said it remains on track to hit its annual production targets despite an anticipated slip in output in the first quarter. Total production from its flagship Sukari project in the three months ended 31 March was 108,233 ounces (oz), up 46% on the same time last year but 1
Read moreFTSE 250 movers: Mitie dips on profit warning, Serco higher on railway sale
31st Mar 2015 13:22
Outsourcing services group Mitie fell after warning that it expects full-year profits to be pushed slightly lower than forecast by margin pressures in the homecare and social housing businesses. Petrofac was in the red following a downgrade from Canaccord Genuity who dropped their rating from 'buy'
Read moreTuesday tips round-up: Centamin, Halfords
24th Mar 2015 18:28
Egypt-focused gold miner Centamin offers investors a rather unique selling point, a dividend yield of about 3%. That comes despite the poor performance by the price of gold over the past year, which fell to below $1,200 an ounce. However, the risk of further drops in the price of gold cannot be igno
Read moreTuesday broker round-up
24th Mar 2015 14:42
Legal&General: Canaccord Genuity reiterates hold and raises target to 290p from 240p. Standard Chartered: JP Morgan Cazenove reiterates overweight and lifts target to 1,250p from 1,050p. Vesuvius: Credit Suisse reiterates underperform and hikes target 460p from 405p. Marks&Spencer: Investec reit
Read moreLondon close: FTSE ekes out new record despite Greek uncertainty
23rd Mar 2015 17:19
After a subdued start, the Footsie managed to edge higher to a new record on Monday though worries about Greece limited upside for London's stocks. The FTSE 100 finished the session up 0.22% at 7,037.67, surpassing the previous all-time closing high of 7,022.51 set on Friday. Stocks on the continen
Read moreInvestec upgrades Centamin to 'buy' on dividend potential
23rd Mar 2015 15:50
Full-year results from gold miner Centamin mostly missed analysts' estimates on Monday, though a much higher-than-expected dividend saw shares surge and prompted Investec to upgrade its recommendation. The broker now rates the stock as a 'buy', from 'hold' previously, though it lowered its target pr
Read moreFTSE 250 movers: Centamin surges on strong dividend, energy stocks higher
23rd Mar 2015 12:52
Profits at gold miner Centamin more than halved in 2014, as higher production was offset by increased output costs and lower commodity prices, yet the stock surged after the company's maiden dividend smashed analysts' expectations on the back of stronger cash generation. Other miners were also tradi
Read moreLondon midday: FTSE fluctuates around 7,000 as Greek concerns weigh
23rd Mar 2015 11:42
UK stocks retreated slightly from a record high on Monday morning on the back of uncertainty in Greece, though decent gains from banking, oil and mining stocks were providing some support. The FTSE 100 was down 0.09% at 7,016 by midday, pulling back after setting a new all-time closing high of 7,022
Read moreCentamin profits fall more than expected, but dividend impresses
23rd Mar 2015 07:58
Profits at gold miner Centamin more than halved in 2014 as higher production was offset by increased output costs and lower commodity prices. However, shares in the Arabian-Nubian Sheild-focused producer surged on Monday after the company declared its maiden full-year dividend, with the payout ratio
Read moreLondon pre-open: Small gains expected as FTSE extends record
23rd Mar 2015 07:40
UK stocks are set to extend a record high on Monday morning following positive newsflow from Greece and continued bullishness following the Federal Reserve meeting. City sources predict the FTSE 100 will open 13 points higher than Friday's close of 7,022.51. US markets finished strongly on Friday,
Read moreFTSE 250 movers: Betfair surges on higher price target, gold miners lower
9th Mar 2015 14:05
Betfair topped the risers after analysts at Morgan Stanley raised their price target on the stock from 1550p to 2030p, in a research note e-mailed to clients. "The fourth quarter saw strong revenue growth of 20%, marking the fourth consecutive quarter of 20%+ growth. This is despite tough sports res
Read moreFTSE 250 movers: Centamin lower on Alecto Minerals split, De La Rue strong on potential bid
18th Feb 2015 13:52
Centamin was in the red after revealing it was pulling out of its joint venture with Alecto Minerals in Ethiopia. Results from its 2014 drilling programme, which included 25 diamond drills holes at Wayu Boda, and the analysis of surface work carried out during the year will be handed to Alecto when
Read moreSector movers: Miners rise on Ukraine ceasefire deal, Rio Tinto jumps
12th Feb 2015 14:47
Mining stocks gained on Thursday, benefitting from an increase of risk appetite across financial markets as tensions between Ukraine and Russia eased, while Rio Tinto impressed with its annual results. Russian president Vladimir Putin on Thursday morning confirmed that the country had reached a ceas
Read moreSector movers: Mining stocks in demand despite worsening outlook for China
9th Feb 2015 14:46
Mining stocks were resilient in the face of some gloomy trade figures from top metals consumer China on Monday, as hopes increased for further stimulus measures by Beijing to avert a sharp slowdown in economic growth. The Chinese trade surplus unexpectedly ballooned to a record $60bn in January from
Read moreSector movers: Gold miners track bullion higher
30th Jan 2015 15:54
A slight rebound in gold on Friday after its worst one-day slump in over a year gave precious metals miners a boost in London. Blue-chip mining stocks such as Fresnillo and Randgold were among the best performers, up 4.7% and 5%, respectively, while FTSE 250 peers Centamin and Acacia Mining also adv
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