London open: Iraq tensions continue to pull stocks lower
16th Jun 2014 08:50
- Iraq tensions continue to push crude higher - Fed meeting in focus this week - Smith & Nephew falls as Medtronic buys Covidien techMARK 2,798.75 -0.58% FTSE 100 6,770.86 -0.10% FTSE 250 15,741.74 -0.46% UK stocks edged lower on Monday morning as ongoing tensions in Iraq continued to erode risk a
Read moreJupiter finance chief reduces stake amid controversy at AGM
22nd May 2014 15:57
Jupiter Fund Management's Chief Financial Officer, Philip Johnson, traded in 63,588 shares, making only a small dent in his holding, which was reduced to 1.32m. Johnson, who took up the role in 2009, paid 383.80p per share, giving the deal a trade value of £244,051. The purchase was made the day
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreCentamin's first quarter earnings fall on lower gold output
15th May 2014 10:38
Centamin's first quarter earnings declined as gold production was hurt by lower grades at the Sukari mine in Egypt. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 58% to 34.3m as gold output fell 15% to 74,241 ounces. Output was affected by a drop in grades and a te
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreFTSE 250 movers: SuperGroup slides on slowdown in Q4 growth
8th May 2014 16:01
Fashion retailer SuperGroup saw its shares plummet today after reporting a steep slowdown in sales growth in the fourth quarter and saying full-year profits would be at the lower end of expectations. The company, famous for the Superdry brand, said group revenues increased by just 12.4% in the thre
Read moreFTSE 250 movers: Centamin rises on law change hopes
24th Apr 2014 15:30
Centamin rose strongly on the back of hopes a change in the law could resolve the Egyptian mining row. After a claim was made against the company's licence for the Sukari mine, in 2012 a court ruled the company did not have the right to mine with the licence, a decision since appealed by the group
Read moreLondon midday: Stocks at seven-week high as earnings impress
24th Apr 2014 12:07
- FTSE 100 at highest since March 6th - Apple, Facebook surge after the closing bell - AstraZeneca, Anglo American gain after updates techMARK 2,769.72 +1.01% FTSE 100 6,721.42 +0.70% FTSE 250 16,066.89 +0.48% The FTSE 100 was trading at a seven-week high on Thursday morning as stellar results fro
Read moreLondon open: FTSE 100 rises after results from Apple, Facebook
24th Apr 2014 08:31
- Apple, Facebook lift sentiment after results - FTSE 100 at highest since March 7th - Miners Anglo, ABG and Centamin rise techMARK 2,762.55 +0.74% FTSE 100 6,708.61 +0.51% FTSE 250 16,070.47 +0.51% Forecast-beating quarterly results from Wall Street heavyweights Apple and Facebook fed through to
Read moreCentamin likely to benefit from new Egyptian contract law - UPDATE
24th Apr 2014 07:12
Thanks to a new investment law brought in by the Egyptian government, gold miner Centamin will try and dismiss an ongoing court case over rights to its Sukari mine in the country. The new law came into effect in Egypt on Wednesday and the FTSE 250 company's legal advisers have interpreted it as res
Read moreFTSE 250 movers: Evraz, Ocado, Centamin, Debenhams
17th Apr 2014 14:38
Russian steelmaker Evraz rebounded on Thursday following a slump a day earlier when it reported an eight per cent fall in crude steel production for the first quarter. Online grocer Ocado Group gained ahead of the Easter weekend as shoppers stocked up on food for the holiday. Mining giant Centami
Read moreCentamin Executive Director steps down after Sukari expansion completed
14th Apr 2014 09:17
Mining group Centamin has announced Trevor Schultz is to step down as an Executive Director and will assume the role of Non-Executive Director of the firm with effect from May 1st. The company said Shultz's resignation and new role coincides with the successful completion of construction of the Sta
Read moreCentamin retains annual gold guidance despite grade issues
9th Apr 2014 07:23
Egyptian gold miner Centamin has maintained its gold guidance for the year despite challenges during the first quarter from lower grades and poor mining fleet availability underground. Total gold production for the quarter was 74,241 ounces, a 14% decrease on the corresponding quarter in 2013 and 1
Read moreFTSE 250 movers: Evraz continues to recover, miners gain
31st Mar 2014 13:54
Steel producer Evraz continued its recent volatile moves on Monday, rising over seven per cent to the top of the risers list on the FTSE 250. The stock fell to an all-time closing low of 54.4p two weeks ago on the back of heightened tensions between Russia and Ukraine, where a large chunk of its o
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
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