Thursday tips round-up: M&S, Centamin
6th Nov 2014 07:28
Shares of Marks &Spencer rose sharply following its first-half results on Wednesday, pushing the company's forward price-to-earnings multiple to just over 13, from just over 12, writes the Financial Times' Lex column. The reason for that, tellingly, is that many analysts did not revise their full-ye
Read moreFTSE 250 movers: Stock Spirits slides after profit warning
5th Nov 2014 16:27
Stock Spirits slumped after warning that full-year profits could be €5m-10m below expectations following a "very tough trading period" in the third quarter for the Central European spirits producer. Precious-metal miners such as African Barrick Gold were among the worst performers in the resources s
Read moreSector movers: Mining stocks track commodity prices lower on stronger US dollar
5th Nov 2014 14:14
Mining stocks missed out on the wider equity-market rally on Wednesday as commodity prices declined on the back of a stronger dollar, following upbeat US economic data and a Republican victory in the mid-term elections. Precious-metal miners such as Fresnillo, Petropavlovsk, African Barrick Gold and
Read moreBroker tips: M&S, AB Foods, Rolls-Royce, Centamin
5th Nov 2014 12:53
Marks & Spencer's shares surged on Wednesday after the retailer impressed with a surprise increase in first-half profits, and while the market welcomed the bottom-line beat analysts raised concerns with a continued underperformance in clothing sales. Analysts at Numis Securities maintained a 'hold'
Read moreLondon midday: Stocks jump despite weak services data, M&S and Meggitt surge
5th Nov 2014 11:52
Strong gains from Marks & Spencer, Meggitt and Associated British Foods drove the UK stock market higher on Wednesday, as investors shrugged off some disappointing global economic data. Services purchasing managers' indices (PMIs) in China, the UK and Eurozone all weakened, showing that activity gro
Read morePeel Hunt, Westhouse still upbeat about Centamin despite production downgrade
5th Nov 2014 11:52
Centamin's downgrade to production guidance on Wednesday was disappointing but not wholly unexpected, according to analysts at Peel Hunt and Westhouse Securities who kept 'buy' ratings on the stock. After plant productivity suffered a slowdown in October, output at its flagship Sukari gold mine in E
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreLondon open: M&S, Meggitt lead UK stocks higher early on
5th Nov 2014 09:02
UK stocks rose on Wednesday as decent gains from Marks & Spencer, Meggitt, Tulllow Oil and AB Foods offset falls in the mining sector after yet more weak data from China. The FTSE 100 was trading 0.6% higher at 6,493 in morning trade. With the exception Japan's Nikkei index, Asian markets weaker ov
Read moreCentamin lowers annual forecasts for Sukari gold mine
5th Nov 2014 07:51
Centamin has lowered annual forecasts for production from its flagship Sukari Gold Mine after plant productivity suffered a slowdown in October. Production, which is now expected to be between 370,000 and 380,000 gold ounces compared to previous forecasts of 420,000, was also affected by lower expec
Read moreSector movers: Anglo leads miners higher despite weak Chinese data
3rd Nov 2014 13:50
Mining stocks were making small gains on Monday despite some disappointing economic data from top metals consumer China. Anglo American was among the best performers on speculation that the former boss of Xstrata could bid for some its assets. The Chinese government's official manufacturing purchas
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreSector movers: Mining stocks continue to rise as China concerns ease
14th Oct 2014 14:20
Mining stocks were on the rise again on Tuesday as share prices continued to rebound after a recent slump. Fears about a global economic slowdown have weighed heavily on equity markets over recent weeks with the mining sector bearing the brunt of the sell-off as commodity prices dropped. However, c
Read moreSector movers: Miners track metals higher after Fed minutes
9th Oct 2014 14:50
Mining stocks were leading the gains on London's stock market on Thursday as metal prices advanced amid hopes that the US Federal Reserve will not rush to raise interest rates. A dovish set of minutes from the latest Federal Open Market Committee meeting sparked a steep fall in the dollar on Wednesd
Read moreCentamin has mountain to climb to hit target, says Peel Hunt
9th Oct 2014 12:46
Centamin has a "mountain to climb" towards the end of the year, according to analysts at Peel Hunt, after production rates for the third quarter came in short of hopes. The broker maintained its 'buy' rating and 75p target price for the gold miner after Thursday's output update, but has downgraded i
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