Thursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreCentamin left with big challenge to hit full year target
9th Oct 2014 08:13
Third quarter production at Egyptian gold miner Centamin was up 15% on the same period last year, below some analysts' expectations, but the company was bullish about meeting its optimistic full-year target. After producing an estimated 93,624oz of gold in the quarter from its Sukari gold mine the c
Read moreSector movers: Ebola fears hammer travel stocks, but grocers and miners rise
7th Oct 2014 14:19
Fears about the fallout from a potential Ebola outbreak hammered stocks in the travel and leisure sectors on Tuesday with UK-listed airlines and tour operators dropped sharply. In contrast, supermarket and mining stocks were bucking the trend with the two sectors, which have both bore the brunt of t
Read moreSector movers: Next weighs on retailers, while broker commentary buoys miners
6th Oct 2014 14:19
Retailers were the weakest performing sector on Tuesday, dragged down by the negative news-flow around ex-market darling Next. The fashion retailer warned investors that third quarter sales would be coming in below analysts' expectations and that a continuation of the cold weather could reduce full-
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreLondon open: Footsie slips as Russia threatens immediate retaliation
26th Sep 2014 08:54
The Footsie slipped quickly into the red after the start of trading on Friday, with US stocks having fallen deeper into the red for the month of September overnight amid on-going geopolitical concerns about both Russia and Iraq. Vladimir Putin has demanded that the European Union re-open a trade pac
Read moreFTSE 250 movers: Booker rises after positive first half
18th Sep 2014 15:40
Shares in Booker Group performed strongly on Thursday after the group reported a 3.1% year-on-year rise in like-for-like sales. The result was welcome by Peel Hunt, which said it continues to see "significant upside" at the cash and cash firm after a decent second-quarter update. The broker kept a '
Read moreSector movers: Precious metal miners fall as gold sinks after FOMC
18th Sep 2014 14:11
Heavy falls in the prices of gold and silver saw precious metal miners drop on Thursday after the Federal Reserve lifted its outlook for interest rates. While the Federal Open Market Committee on Wednesday maintained its pledge to keep short-term interest rates near zero for a "considerable time" af
Read moreLondon midday: Scottish stocks lead gains ahead of crucial referendum
18th Sep 2014 11:43
After a slow start, London stocks advanced on Thursday with the FTSE 100 bouncing off its lowest levels in nearly a month, as companies based north of the border advanced with the focus firmly on the Scottish referendum. The benchmark Footsie index was trading 0.4% higher at 6,811 by noon. Three str
Read moreLondon open: FTSE fluctuates at one-month low as markets await Scottish vote
18th Sep 2014 08:31
UK stocks opened broadly flat on Thursday as investors digested comments from the Federal Reserve and showed caution ahead of the Scottish referendum. London's FTSE 100 was down 0.06% at 6,777 in early deals, fluctuating at its lowest levels in nearly a month. The index closed the previous session a
Read moreSector movers: Miners rise as Australia repeals controversial MRRT tax
2nd Sep 2014 15:01
Mining stocks were on the rise on Tuesday after Australia's government repealed a controversial tax on mining companies. The Australian Senate has voted to remove the Minerals Resource Rent Tax (MRRT), first introduced by the former Labor government in 2012, which taxes 30% of coal and iron ore min
Read moreFTSE 250 movers: Redrow joins housebuilder slide despite strong results
2nd Sep 2014 14:36
Housebuilders were among the worst performing stocks on the FTSE 250 on Tuesday afternoon as rate-hike speculation continued to dominate sentiment. Data released earlier in the session showed that UK construction activity reached a seven-month high in August. Redrow was even in the red despite beat
Read moreLondon open: Stocks rise amid Ukraine crisis talks
18th Aug 2014 09:14
- Crisis talks in focus in Berlin - UK rates could rise before wage growth sets in, Carney says - Bovis gains after strong growth in H1 profits techMARK 2,780.09 +0.89% FTSE 100 6,734.04 +0.67% FTSE 250 15,757.36 +0.57% UK stocks rose strongly on Monday on the back of a slight reduction in geopoli
Read moreFTSE 250 movers: Oil stocks rise, gold and silver miners fall
15th Aug 2014 14:37
Oil stocks were leading the risers on the FTSE 250 on Friday with Afren, Premier Oil and Enquest making decent gains as oil prices bounced slightly after recent losses. Brent crude was higher after hitting a 13-month low on Thursday. In contrast, precious metal producers such as Centamin, Hochschil
Read moreSector movers: BHP Billiton leads mining stocks higher
15th Aug 2014 13:47
Mining stocks were making decent gains as a return of investor risk appetite and demerger talk surrounding sector giant BHP Billiton provided a boost. An upgrade to UK economic growth estimates for the second quarter and hopes of stimulus measures in Europe and China was driving gains across the Lo
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