Centamin lifts profit
27th Mar 2013 07:21
Egypt-focused mining company Centamin said full year production increased by nearly a third and, while the year has produced operating challenges and higher costs, it is confident of increased production at its flagship Sukari Gold Mine. Centamin posted EBITDA of US$233.3m for the period ended Dece
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreCentamin warns of delays to Stage 4 expansion project
14th Mar 2013 08:20
Gold miner Centamin has warned investors that its Stage 4 expansion project has experienced some delays for key items, materials and services. Partly as a result of the delay, as well as general cost inflation, the group now estimates the total capital cost of Stage 4 will be $325m, including conti
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreBroker snap: Gold stocks fall as Nomura cuts price forecasts
7th Mar 2013 16:27
The gold sector was under pressure on Thursday after Nomura cut its near-term gold price forecasts and said that downside risks to equity prices are still 'substantial'. In a review of the sector, Nomura said: "For the first time since 2008, in our view, the investment environment for gold is deter
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreFriday tips round-up: Ladbrokes, CSR, Centamin
22nd Feb 2013 07:09
Pre-tax profit grew 49.1 per cent to 200.7m pounds in the 12 months to December 31st at Ladbrokes, as the chain's betting shops - of which there are almost 2,200 in the UK - continued to draw in punters. The bookie yesterday declared a final dividend of 4.6p a share, taking the full-year pay-out to
Read moreLondon close: Stocks tank after Fed wavers on QE
21st Feb 2013 16:40
Hawkish comments from the Federal Reserve weighed heavily on markets on Thursday with cyclical stocks bearing the brunt of the sell-off as traders looked to book some profits after a strong run in recent months. The FTSE 100 was boosted on Wednesday to highs not seen since January 2008 after minute
Read moreGold miner Centamin ramps up stake in Nyota Minerals
21st Feb 2013 10:38
Egypt-focused mining company Centamin has increased its stake in AIM-listed Nyota Minerals to further develop the Arabian-Nubian Shield, an area of land that straddles parts of North East Africa and the Middle East. It includes regions of Egypt, Ethiopia, Eritrea, Sudan and Saudi Arabia and is hig
Read moreLondon close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreFTSE 250 movers: Centamin hit by target price cut
20th Feb 2013 15:26
Centamin fell after Goldman Sachs cut its target price on the stock from 160p to 130p. Savills, an estate agent, made decent gains after sector peer Countrywide said it plans to re-list its shares in anticipation of a UK property market recovery. This also prompted a rise amongst housebuilders, wi
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreFTSE 250 movers: ICAP rises as electronic volumes climb
6th Feb 2013 15:43
ICAP climbed after seeing a 17 per cent increase in electronic volumes in January, with sector peer Tullett Prebon also on the rise. Enterprise Inns rose after Barclays upgraded the stock to overweight. Talk Talk Telecom Group climbed after Barclays raised its target price from 235p to 300p, whi
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
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