AZ Electronic Materials directors try to minimize damage
10th Apr 2013 16:27
John Whybrow, the Chairman of AZ Electronic Materials, which on Tuesday tanked after it issued a warning on full year revenue, has shown his faith in the chemicals company by enlarging his shareholding. Whybrow acquired 40,000 shares at 254p each for a total trade value of £101,600, taking his sta
Read moreWednesday tips round-up: Centamin. Robert Walters, Lonrho
10th Apr 2013 07:36
Egypt-focused gold miner Centamin yesterday unveiled a better than forecast increase in production which - if sustained - could see the company beat its own guidance for the year. Unfortunately, it continues to be dogged by legal squabbles in the North-African country and a judicial process which is
Read moreSector movers: Miners gain as Chinese inflation slows
9th Apr 2013 15:42
Mining stocks were the best performers in London on Tuesday on the back of inflation data from China, which showed that price rises had slowed dramatically in March. Chinese consumer-price inflation slowed to a 2.1% annual rate in March, down from 3.2% in February when prices soared on the back of
Read moreFTSE 250 movers: AZ Electronic shares dive on poor Q1 revenues
9th Apr 2013 15:15
Shares in AZ Electronic Materials plunged by almost a third after the chemicals company reported a decrease in first-quarter revenues and warned of a flat year overall. Group revenue fell 2.0% year-on-year to $19.9m for the three months to April 8th, following lower-than-expected sales in its IC Ma
Read moreBroker tips: Centamin, FirstGroup, BP...
9th Apr 2013 11:00
Canaccord Genuity has kept its 'sell' rating and 38p target price for Egyptian gold miner Centamin despite the strong first-quarter production figures announced on Tuesday morning, saying that legal issues still remain. The broker said: "Although we would expect shares to be stronger today we think
Read moreBroker snap: Canaccord still cautious over Centamin despite strong production
9th Apr 2013 10:52
Canaccord Genuity has kept its 'sell' rating and 38p target price for Egyptian gold miner Centamin despite the strong first-quarter production figures announced on Tuesday morning, saying that legal issues still remain. The company produce 87,016 ounces of gold in the first three months of the year
Read moreCentamin advances on positive Q1 gold production results
9th Apr 2013 08:12
Shares in Egypt-focussed gold mining company Centamin rose on Tuesday morning after the FTSE 250-listed company unveiled its first quarter preliminary production results revealing record gold production levels at its Sukari mine. Total gold production for the quarter ended March 31st was 87,016 oun
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreCentamin shares rise on gold prices, director dealing
5th Apr 2013 14:35
Centamin shares surged Friday as gold prices improved and a director acquired a further stake in the Egypt-focused miner. The price of gold received a boost following the strong selling pressure seen earlier in the week. The yellow metal had been trading near steady levels just ahead of the releas
Read moreFTSE 250 movers: Domino's Pizza rises on Q1 figures
4th Apr 2013 15:56
Domino's Pizza Group rose strongly after it delivered tasty first quarter numbers, with like-for-like sales ahead 6.6 per cent thanks to new products such as its Hot Dog Stuffed Crust. Kazakhmys got a boost after Tradenext highlighted opportunities for potential upside in the sector following the
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreLondon close: Stocks weighed down by Eurozone concerns
27th Mar 2013 17:31
Political wrangling in Italy and uncertainty in Cyprus resulted in a volatile day for London's FTSE 100 index on Wednesday, though stocks bounced well off their lows in afternoon trade. The Footsie dropped to an intraday low of 6,344 at midday, but had recovered to 6,388 by the close, tracking a sl
Read moreFTSE 250 movers: ICAP slips after gloomy update
27th Mar 2013 16:43
Shares in ICAP fell over six per cent on Wednesday after the interdealer broker published a trading statement showing that trading conditions for the nine months ended December 31st 2012 were "extremely challenging". It said that group revenue for the year ending March 31st 2013 is expected to be
Read moreLondon midday: Stocks fall on concerns over Italy and Cyprus
27th Mar 2013 11:52
Worries about Italy and Cyprus weighed heavily on stock markets on Wednesday morning as the Eurozone crisis showed no signs of abating. The political impasse in Italy has continued with centre-left leader Pier Luigi Bersani failing to persuade Silvio Berlusconi's centre-right party to support a min
Read moreLondon open: TUI Travel leads markets higher early on
27th Mar 2013 08:28
UK stocks edged higher on Wednesday morning with TUI Travel leading the rise after a decent first-half trading update, as markets tracked gains on US and Asian benchmarks overnight. Better-than-expected durable-goods orders and home prices Stateside lifted sentiment on Wall Street yesterday, pushin
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