London midday: Stocks flat as global services PMIs point to slowdown
6th Jan 2014 11:21
- UK, Eurozone, China services PMIs ease - Markets rangebound, little changed by midday - Takeover and break-up of RSA possible, says UBS - Retailers in focus ahead of sales updates techMARK 2,795.09 +0.23% FTSE 100 6,731.24 +0.01% FTSE 250 16,063.40 +0.27% The FTSE 100 was little changed on Monda
Read moreBroker snap: Centamin forecasts look 'conservative' after strong Q4
6th Jan 2014 10:45
Canaccord Genuity has labelled Egypt-focused gold miner Centamin as a 'speculative buy' after fourth-quarter production results smashed expectations on Monday. Total gold production from its flagship Sukari project in the fourth quarter ended December 31st 2013 reached 91,546 ounces (oz), 8% higher
Read moreCentamin's 2013 production growth easily tops guidance
6th Jan 2014 07:09
FTSE 250 Egypt-focused gold miner Centamin easily beat its annual output guidance for 2013 with the production of 356,943 ounces (oz) of gold from its flagship Sukari project. Total gold production in the fourth quarter ended December 31st 2013 reached 91,546oz, 8% higher than the third quarter and
Read moreLondon open: Markets edge higher in shortened session
31st Dec 2013 08:59
- Volumes expected to be low on half-day session - US data due out later on - Vedanta leads mining stocks lower techMARK 2,790.20 +0.30% FTSE 100 6,750.42 +0.28% FTSE 250 15,934.64 +0.21% UK markets headed higher on Tuesday morning as investors took advantage of low volumes on a shortened trading
Read moreFTSE 250 movers: Merlin Entertainments, Serco, Vedanta
23rd Dec 2013 13:57
Merlin Entertainments was pushed lower by news that a blaze which broke out at the Chessington World of Adventures Resort, southwest of London, forced the outfit to close the theme park. Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract exten
Read moreFTSE 250 movers: Gold miners lead gains, De La Rue under pressure
20th Dec 2013 14:30
African Barrick Gold and Centamin found a bid as the price of gold on international commodities markets stabilised after the sharp falls seen in the wake of the US Federal Reserve's surprise decision on Wednesday to initiate the tapering of its quantitative asset purchases. Shares of banknote prin
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreFTSE 250 movers: Serco rallies on UK government deal
19th Dec 2013 14:43
Serco gained after the support services group reached a 68.5m-pound deal with the UK government over its troubled electronic tagging contract. Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of Justice
Read moreThursday broker round-up UPDATE
19th Dec 2013 08:27
AstraZeneca: Alphavalue lowers target price from 3169p to 3087.7p and downgrades from reduce to sell. British American Tabacco: Panmure Gordon reduces target price from 3800p to 3200p and downgrades from buy to hold. Britvic: Investec ups target price from 600p to 672p and maintains a hold recomme
Read moreCentamin identifies high grade ore at Sukari Gold Mine
18th Dec 2013 07:14
Centamin said on Wednesday it has identified regions of high grade ore at its Sukari Gold Mine in Egypt. However, the group reported a 19% fall in total combined open pit and underground reserve of 8.2m ounces, compared to 10.1m ounces at December 31st 2011, reflecting higher international fuel pri
Read moreWednesday newspaper tips: Prudential, Centamin
11th Dec 2013 09:51
Unlike in 2010, when it last set out its medium-term financial targets, this time around Prudential can point to a 126 per cent rise in the stock price and 1.8bn pounds in dividends paid out over the intervening period. However, the firms needs to provide greater clarity on what it expects in terms
Read moreCentamin makes offer for West African gold miner
10th Dec 2013 07:53
- Recommended offer for West African gold miner - Offer price of 22m pounds - Target has 100km of prospective development licences In order to dilute its dependence on unstable Egypt, gold miner Centamin has agreed an all-share takeover of Burkina Faso and Cote d'Ivoire-focused Ampella Mining. Aus
Read moreFTSE 250 movers: Berkeley lifts housebuilders higher after strong results and guidance
6th Dec 2013 15:29
Housebuilder Berkeley Group surged on Friday after reporting a 19.2 per cent jump in first-half profits and saying that full-year earnings could come in at the top end of analysts' expectations due to an earlier-than-expected completion of one its housing schemes in London. The company said that th
Read moreFTSE 250 movers: AZ Electronic Materials gains on Merck takeover
5th Dec 2013 15:16
AZ Electronic Materials advanced after Merck KGaA agreed to buy the speciality chemicals company for about 1.6bn pounds, a 53 per cent premium to the stock's closing price on Wednesday. Gold miner Centamin rallied as miners rebounded following a sell-off earlier in the week. Sector peer Polymetal h
Read moreLondon midday: Markets flat as BoE holds rates, AZ Electronic rockets
5th Dec 2013 12:01
- FTSE 100 at lowest level since October 14th - BoE, ECB announce policy decisions - US data in focus later on, Wall Street futures flat - AZ Electronic Materials rockets after Merck offer techMARK 2,644.54 +0.02% FTSE 100 6,504.39 -0.09% FTSE 250 15,200.92 +0.48% UK markets were rangebound on Thu
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