London midday: Stocks hold on to gains before US jobs report
5th Jul 2013 12:00
The FTSE 100 was holding at a one-month high on Friday morning as investors awaited the US jobs report this afternoon which could spark a volatile reaction on stock markets worldwide. US futures were pointing to a strong start on Wall Street today, though volumes were on the light side as traders r
Read moreBroker snap: Nomura ups gold miners, but still negative on prices in 2014
5th Jul 2013 11:37
Nomura has upgraded its ratings for gold mining peers African Barrick Gold (ABG), Polymetal and Randgold Resources, saying it sees a short-term rebound in gold prices. The broker says that gold prices have reached an equilibrium stage of $1,230 an ounce and a potential rally to $1,500 should lift g
Read moreLondon open: Stocks at one-month high ahead of US jobs report
5th Jul 2013 08:42
Stocks were performing well on Friday morning, pushing the FTSE 100 to a one-month high ahead of the eagerly-anticipated US jobs report later on. London's benchmark index was building on its massive gains the day before, after jumping 3.1% on the back of dovish comments by the Bank of England and E
Read moreFriday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreFTSE 250 movers: Centamin surges after Egyptian President ousted
4th Jul 2013 14:14
Gold miner Centamin saw shares jump by nearly a fifth on Thursday after the President of Egypt, where its flagship Sukari mine is located, was ousted by the military. Centamin has been involved in a legal dispute with Egypt's administrative court since the government came into power, regarding the v
Read moreLondon midday: Stocks rise as BoE holds fire, markets eye ECB
4th Jul 2013 11:28
The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today. As expected, the Bank of England (BoE) stood
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 250 movers: Essar Energy, Man Group, Centamin, Kazakhmys
24th Jun 2013 12:59
Essar Energy's shares rallied after the company narrowed its losses as revenues grew on the back of higher refining volumes at the energy company's Refining and Marketing (R&M) India business. Man Group advanced as the company held an analyst presentation outlining that it intends to revise the for
Read moreFTSE 250 movers: International Personal Finance jumps after upbeat broker comment
17th Jun 2013 15:08
Eastern Europe-focused home-credit business International Personal Finance was the best performing stock on the FTSE 250 on Monday after analysts at Renaissance Capital named it as their top pick in the financial sector in that region. "We like the resilience of the business model, while we love it
Read moreAlecto Minerals narrows losses, upbeat about Centamin alliance
3rd Jun 2013 16:19
Shares in Alecto Minerals surged on Monday after the AIM-listed multi-commodity explorer narrowed its full-year loss and hailed a 'transformational' deal with FTSE 250 gold miner Centamin. The company announced last week that it has entered into a new agreement with Centamin to look for opportuniti
Read moreFTSE 250 movers: Oil companies advance, Lonmin falls
3rd Jun 2013 14:39
Oil and gas companies were among the biggest risers on the FTSE 250 index on Monday, tracking a rise in crude prices. Independent oil and gas exploration company Heritage Oil ended the day higher while shares in hydrocarbon producer and explorer Afren were also up at the close of trading. Meanwhil
Read moreLondon close: Stocks plummet as bond yields rise
29th May 2013 16:38
Financial markets erased yesterday's impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London. "In an almost complete reversal of yesterday's price action the bears have reasserted themselves today, overturning the brief return to optimism as European
Read moreAlecto Minerals forms strategic alliance with Centamin - UPDATE
29th May 2013 09:58
Alecto Minerals has formed a strategic alliance with Centamin to pursue gold projects in Ethiopia. The two have entered into a non-binding heads of terms agreement for a proposed joint venture for opportunities within the Federal Democratic Republic of Ethiopia. Alecto owns gold projects Wayu Bo
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
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