1st Nov 2012 14:41
FTSE 250 gold miner Centamin rebounded strongly on Thursday after returning to the market following a suspension from trade, as the firm looked to reassure investors concerned about the future of its flagship Sukari project in Egypt. Shares plummeted two days ago after media reports claimed that an
Read more1st Nov 2012 11:50
- Results impress from BT, BSkyB, Lloyds... - Markets await barrage of economic data Stateside - Chinese manufacturing beats expectations Impressive gains from BT Group, Lloyds, BSkyB and Legal & General were lifting the FTSE 100 higher on Thursday, with better-than-expected economic figures from
Read more31st Oct 2012 07:20
On the face of it, the admission by Lonmin that it needs to launch an 800m dollar rights issue to cut its debt burden looks as though it will test investors' patience. They will be asked to put more money into a company whose main product ? platinum ? is priced largely according to demand for cars i
Read more30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read more30th Oct 2012 15:44
Lonmin shareholders saw their shares jump over eight per cent after the platinum producer announced a chunky rights issue to improve its chances of passing banking covenant tests. The group, which was almost brought to its knees by strikes at its South African operations in the summer, plans to ra
Read more30th Oct 2012 14:38
Egypt-focused gold miner Centamin has reassured that mining operations are continuing as usual after concerns about the company's flagship Sukari concession sent the stock tumbling on Tuesday morning, prompting the temporary suspension of trading on the FTSE 250. The share price, which closed yeste
Read more30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read more30th Oct 2012 11:01
Centamin plummeted on Tuesday morning shortly before trading in the shares was suspended on concerns that it could lose its flagship Sukari gold mine in Egypt. According to media reports, an Egyptian court has said that the gold miner's contract to mine Sukari has been withdrawn, after a decision i
Read more24th Oct 2012 11:14
Below-consensus third-quarter results from British American Tobacco (BATS) have led Panmure Gordon to cut its price target for the stock. Nevertheless, a 'buy' rating for BATS has been retained after its 2.5% underperformance against the FTSE All-Share Index. The broker says that the valuation - th
Read more24th Oct 2012 10:46
Investec has downgraded its ratings for both Randgold Resources and Centamin from 'buy' to 'hold', saying that its time to "take a breather (and profits)" in the gold mining sector. "In a gold sector report earlier this year we lifted all of our gold company recommendations to 'buy', on the basis t
Read more24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read more10th Oct 2012 11:21
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. Nomura has highlighted Petropavlovsk, Centamin and Polymetal as its sector 'likes' going into the third-quarter results. All thr
Read more10th Oct 2012 09:34
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. The Datastream World Gold Mining index is now up 18% over the past three months "as investors return to gold equities after a di
Read more10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read more9th Oct 2012 08:25
- IMF cuts global growth estimates - Q3 US earnings season to kick off this evening - Capita and Aggreko dented by broker downgrades UK stocks continued to fall on Tuesday morning following a steep drop the day before, as concerns about the global economy were fuelled by a downgrade to growth forec
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