FTSE 250 movers: Polymetal, Hochschild Mining, Centamin
27th Aug 2013 16:01
Polymetal shares plunged almost nine per cen after HSBC cut the stock from overweight to neutral, although it did raise its target price from 730p to 820p. Hochschild Mining was also heading south after Goldman Sachs reiterated its sell rating on the group. Meanwhile, Centamin and African Barric
Read moreCentamin posts record production, but profits hit by falling prices
14th Aug 2013 07:44
Centamin, the FTSE 250 north-east Africa-focused gold miner, delivered record production in the second quarter and maintained its full-year guidance, but said that earnings fell from the start of the year. The company, whose flagship Sukari mine is located in Egypt, said production reached a record
Read moreLondon close: Markets finish lower despite mining strength
12th Aug 2013 16:44
Markets were choppy on Monday with early gains on the FTSE 100 being erased by the end of trade as traders reacted to mixed newsflow from Asia and Europe. Even a strong performance in the heavyweight mining sector wasn't enough to push the London benchmark into positive territory today, with Financ
Read moreLondon close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreSector movers: Miners track metals higher after Bernanke comments
11th Jul 2013 15:49
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreFTSE 250 movers: Gold miners jump as metals prices surge
11th Jul 2013 14:23
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreWednesday tips round-up: Centamin, Shell, Barr
10th Jul 2013 06:43
Centamin's 20 per cent rise in shares since the overthrow of President Morsi in Egypt is perplexing, The Times' Tempus column noted. The Morsi government seemed to back the Egyptian miner and its asset, the Sukari goldmine. A lawsuit challenging its right to operate is still before the administrativ
Read moreLondon close: Stocks rise as investors shrug off IMF growth downgrade
9th Jul 2013 16:41
The FTSE 100 put in a decent performance on Tuesday, jumping around one per cent as investors shrugged off gloomy comments from the International Monetary Fund (IMF) and instead focused on progress in Greece and a strong start to US corporate earnings season. London's benchmark index finished the d
Read moreSector movers: Miners boosted by metal prices, Alcoa results
9th Jul 2013 15:28
The mining sector as a whole was over three per cent higher on Tuesday as resource stocks tracked metal prices higher and reacted positively to a number of upbeat trading updates. Sentiment was also lifted today by aluminium producer Alcoa, which unofficially kicked off second-quarter earnings seas
Read moreFTSE 250 movers: Ferrexpo jumps after production update
9th Jul 2013 14:50
Ferrexpo was the standout performer of the day on Tuesday, surging by nearly 14 per cent after a second-quarter production update. The iron ore producer said that group pellet output was up 11.4 per cent year-on-year in the first half, helped by the ramp up of production from the new Ferrexpo Yerist
Read moreLondon midday: Banks, miners lead markets higher
9th Jul 2013 11:30
Improved appetite for risk helped equities in the banking and mining sectors on Tuesday morning, pushing the FTSE 100 to levels not seen in over a month. London's benchmark index was trading at around 6,500 this morning, a mark not reached since the start of June when markets were beginning to pric
Read moreLondon open: Miners give markets a boost
9th Jul 2013 08:29
Strong gains from mining and banking stocks ensured a strong open for the FTSE 100 on Tuesday morning as sentiment was lifted by improving hopes for the US economy and a bailout deal in Greece. London's benchmark index opened over one per cent higher early on advancing past 6,500, a level not seen
Read moreCentamin reports record gold output at Sukari mine
9th Jul 2013 08:04
Centamin achieved record gold production at its Sukari Gold Mine in Egypt in the three months to end of June. Total gold production for the second quarter came to 93,624 ounces, up 39% from a year earlier and up 8.0% from the previous quarter. The company said guidance for the year to March 14th
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreLondon close: Economists wax optimistic on UK
8th Jul 2013 17:08
Stocks registered a solid gain on Monday on the back of an advance in the banking sector. That came on the heels of what some economists termed a solid jobs report last Friday Stateside and upwards revisions to growth forecasts for the UK. Leading gains were shares of Royal Bank of Scotland, as Ch
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