FTSE 250 movers: Jimmy Choo rallies after trading update
23rd Jan 2015 17:04
Jimmy Choo was topping the FTSE 250 after reporting net revenue rose 12% to £299m last year, driven by growth in Asia. In its first trading update since listing on the London Stock Exchange in October, the luxury shoe maker said it was "delighted" with sales which were helped by new store openings i
Read moreLondon midday: Surprise Swiss policy move sinks stocks, FTSE near one-month low
15th Jan 2015 11:57
Markets were back in the red by Thursday lunchtime, erasing earlier gains after a surprise announcement by the Swiss central bank. The FTSE 100, which rebounded to an intraday high of 6,472.91 early on, was down 0.6% at 6,349 by midday after Switzerland scrapping the franc's minimum exchange rate ag
Read moreCentamin appoints new CEO
15th Jan 2015 07:42
Andrew Pardey has been appointed as the new chief executive (CEO) of gold miner Centamin, the company said on Thursday. Pardey, who has been operating as the group's chief operating officer since 2012, will replace the interim CEO, Josef El-Raghy, on 1 February. "Since joining the company, Andrew h
Read moreSector movers: Mining stocks hammered as copper prices tumble
14th Jan 2015 14:57
Mining stocks were bearing the brunt of the sell-off on Wednesday as a tumble in the price of copper hammered share prices across the sector. Miners were lower across the board but those with exposure to copper, such as Kaz Minerals and Vedanta Resources, were faring the worst. Kaz and Vedanta were
Read moreLondon close: Stocks end choppy session firmly lower as data disappoints
6th Jan 2015 17:19
It was a volatile day for the UK equity market with stocks swinging between losses and gains for most of the session, with a late sell-off sending the FTSE 100 firmly in the red by the close. Service-sector activity data from across the globe largely came in below expectations with weak figures from
Read moreSector movers: Risk aversion lifts gold and silver miners
6th Jan 2015 14:42
An aversion to risk was benefitting gold and silver stocks on Tuesday in London as precious metal prices advanced amid macro concerns and equity-market volatility. A flight to safety was lifting the price of both gold and silver, with the former rising for the third consecutive day - its longest win
Read moreFTSE 250 movers: Centamin leads gains, Ocado drops to the bottom of the pile
6th Jan 2015 14:02
Shares in precious metals companies led gains as gold futures were in the green, as investors sought out safe-havens. Centamin was doing best as gold futures for February delivery rose 1.37% to $1,220.50. Stock in platinum miner Lonmin was also outperforming. Meanwhile, energy stocks were still fail
Read moreSector movers: Mining stocks sink as markets extend drop
11th Dec 2014 14:31
Not even the hope of more stimulus in China could help mining stocks on Thursday, as shares in the sector tanked on the back of global slowdown concerns. Miners were bearing the brunt of the fourth day of losses for London's equity market after the news that banks took up fewer-than-expected loans f
Read moreFTSE 250 movers: Oil, gold and metal mining firms on the decline while retail sees an upswing
11th Dec 2014 14:17
Telecom firm Spirent Communications was rising on Thursday after being given a hold consensus recommendation by the 12 ratings firms currently covering the company. Liberum Capital upgraded the group to a 'buy' rating. The broker claimed: "Spirent is cheaper than its peers on all EV metrics and is a
Read moreLondon midday: UK stocks rise but gains limited by Kingfisher, resource stocks
25th Nov 2014 11:31
UK stocks edged higher on Tuesday, though gains were being limited by falls in the heavyweight resources sector and a drop in the share price of DIY retailer Kingfisher. The FTSE 100 trading 0.1% higher at 6,737 by midday, though was underperforming stocks across Europe with the STOXX Europe 600 ind
Read moreSector movers: Mining stocks rally on Chinese stimulus, but defensives fall
21st Nov 2014 15:20
A surprise interest-rate cut in China saw equity markets surge on Friday with cyclical mining stocks benefiting and defensive stocks feeling the brunt from an increase in risk appetite. Cyclical sectors are those that are closely and positively correlated to economic activity and, in the case of the
Read moreSector movers: Miners sideswiped as Chinese manufacturing stagnates
20th Nov 2014 14:32
UK-listed mining stocks were bearing the brunt of the selling pressure on Thursday as disappointing economic data from across the globe - China in particular - hit market sentiment. Resource shares, often sensitive to news-flow from top metals user China, took a hit when it emerged that the nation's
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreCentamin reiterates full-year guidance as Q3 profits rise
12th Nov 2014 09:40
Egypt-focused gold miner Centamin has reiterated its recently-downgraded production guidance after lower gold prices were offset by record quarterly plant throughput and falling costs in the third quarter. Earnings before interest, tax, depreciation and amortisation totalled $37.8m in the three mont
Read moreFTSE 250 movers: House-builders fall on slower autumn sales
7th Nov 2014 16:02
Service companies and house-builders were on the move on Friday after updates from several companies in the sectors. Rat-catching group Rentokil Initial failed to snare investors after it blamed currency headwinds and tough markets in mainland Europe for lower revenue and profits at actual exchan
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