London close: Footsie drops 100 points on political uncertainty in Europe
4th Feb 2013 16:32
Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month
Read moreFTSE 250 movers: Salamander ahead of the pack after oil discovery
4th Feb 2013 16:11
Salamander Energy's share price rose 10.27 per cent to 205.10p on Monday as the oil and gas company announced that oil had been discovered at the first well in its multi-well programme. A combined 40m of net oil and gas pay was identified in the well - known techniclly as the South Kepaci-1 DIR/ST
Read moreCentamin targets 40 per cent rise in gold production at Sukari Mine
31st Jan 2013 14:56
Egypt-focused gold mining company Centamin has unveiled predictions for gold production at its flagship Sukari Gold Mine during an on-site presentation to analysts on Thursday. It forecast 367,187 ounces of gold would be produced at the site in 2013, 39.6% more than the 262,958 ounces mined in 2012
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 250 movers: Investec given boost by Morgan Stanley upgrade
29th Jan 2013 16:04
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight. Bookmaker William Hill was also a high riser after saying its good performance continued into its final quarter after strong trading in retail and online. Net revenue grew by 12% in the 53 weeks to January 1st wh
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreFTSE 250 movers: New World Resources hit by stock warning
14th Jan 2013 16:11
Coal and coke producer New World Resources was a heavy faller after warning that as a result of recent declines in energy demand and broader market conditions, thermal coal inventories have been above the historical average levels. These conditions are likely to create pricing volatility and continu
Read moreLondon close: Markets end the week with slight gains
11th Jan 2013 17:04
- Japan launches new stimulus package - Chinese inflation rises in December - Tullow misses production forecasts in 2012 UK stocks finished with slight gains on Friday on the back of plans for economic stimulus in Japan, as markets were able to shrug off some weakness in the mining sector. The F
Read moreEgyptian Petroleum Minister backs agreement with Centamin
11th Jan 2013 16:45
Egypt´s Petroleum Minister, Osama Kamal, is last night reported to have defended the country´s profit-sharing agreement with Centamin, the FT Alphaville blog comments today. In response to a question about the verdict, he is reported to have said that people, "misunderstood. You can't cancel
Read moreFTSE 250 movers:Centamin continues to rise on Q4 production
11th Jan 2013 14:59
Gold miner Centamin continued to rise after its fourth-quarter production results on Wednesday, in which it beat output guidance by five per cent. Liberum Capital labelled the stock as a compelling buy this morning. The shares have now risen by over a third in the last five days. Price comparison
Read moreLondon midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreLondon close: Index closes at highest level since 2008
9th Jan 2013 16:33
UK markets closed significantly higher on Wednesday, up 45 points equal to 11.41bn pounds, with the index closing at its highest level since May 22nd 2008. The gains were led by banking stocks after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of co
Read moreSector movers: Miners rise to the top
9th Jan 2013 15:38
Miners led the way in the mid-week session as Egypt-focused gold mining and exporting company Centamin jumped 14%. The firm reported record production at its Sukari Gold Mine for the final quarter of 2012. During the three month period gold production totalled 85,543 ounces, up 45% on the same pe
Read moreFTSE 250 movers: Centamin rises on record production
9th Jan 2013 15:28
Egypt-focused gold mining and exporting company Centamin has posted record production at its Sukari Gold Mine for the final quarter of 2012. During the three month period gold production totalled 85,543 ounces, up 45% on the same period the previous year and 40% higher than that generated in the t
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
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