Tuesday broker round-up
14th Aug 2012 09:29
BTG: Jefferies cuts target from 410p to 360p, hold rating kept. Capital & Counties: Jefferies initiates coverage with buy rating and 249p target. Centamin: Investec maintains buy rating and 95p target. Daily Mail & General Trust: UBS raises target from 380p to 465p, neutral rating kept. Dragon O
Read moreLondon open: Stocks gain as German GDP beats forecasts
14th Aug 2012 08:35
- German Q2 GDP above forecasts - Japanese stimulus could be on the agenda - Standard Life impresses as profits jump London's FTSE 100 advanced on Tuesday morning after German growth data beat expectations and investors hoped that policy-makers in Japan would step up to boost its economy. German e
Read moreRecord output at Centamin's Sukari mine
14th Aug 2012 07:30
Egypt may not have been the most restful place in which to operate in 2012 but Egyptian gold miner Centamin is sticking with its production guidance after second quarter output hit record levels. In the second quarter of 2012 gold production rose to 67,422 ounces at the Sukari Gold Mine, located in
Read moreStrike hits Centamin's Sukari production again
25th Jul 2012 09:01
Centamin has again stopped operations at its flagship Sukari gold mine in Egypt due to 'illegal labour unrest' from a 'small percentage' of the Sukari workforce, it said. The illegal work stoppage began as a result of a dispute during on-going discussions relating to general salary increases. The
Read moreLondon open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreWednesday tips round-up: Centamin, Michael Page, Melrose Resources
11th Jul 2012 07:28
Gold miner Centamin's operations are running better than anyone expected, but the political backdrop in Egypt has sunk the group's share price. Centamin has confirmed that this report is false, as did the chairman of the Egypt Mineral Resource Authority. The worries the report caused however saw the
Read moreLondon midday: Stocks surge after UK production data
10th Jul 2012 11:53
- UK industrial production beats estimates - Eurogroup gives Spain more time - Oil stocks rise after Norwegian lockout prevented London's FTSE 100 index rose strongly on Tuesday morning with resource stocks and banks providing a lift after some better-than-expected UK industrial production data. U
Read moreLondon open: Stocks flat after Eurogroup meeting
10th Jul 2012 08:47
- Eurogroup gives Spain extra time - Chinese trade surplus at three-year high - M&S maintains guidance despite LFL sales falling The Footsie opened broadly flat on Tuesday morning with investors digesting the the developments from yesterday's Eurogroup meeting. Eurozone finance ministers decided t
Read moreLondon pre-open: Flat start expected for FTSE
10th Jul 2012 07:35
City sources predict the FTSE 100 will open up two points from yesterday's close of 5,627 with gains in the US expected to do little to boost sentiment in early trading and with concerns over China again weighing on the benchmark. China's imports rose less than expected last month while export grow
Read moreCentamin hails record second-quarter
10th Jul 2012 07:05
Egypt-focused gold mining Centamin achieved record production in the second quarter and said that it saw strong performance on all key operating metrics. Centamin, which operates through its flagship Sukari Gold Mine, saw total gold production jump to 67,422 ounces in the three months to June 30th,
Read moreLondon close: Stocks fall as Spanish bond yields jump
9th Jul 2012 16:30
- Spanish yields back above 7.0 per cent - All eyes on Eurogroup meeting - Defence stocks rise on contract hopes Stocks were trading near their lowest levels of the day by Monday's close as bond yields in Spain surged while European officials met in Brussels. By the close in London, the yield on a
Read moreFTSE 250 movers: New World Resources falls on downgrade
9th Jul 2012 15:26
Head coal and coke producer New World Resources was a heavy faller after Bank of America Merrill Lynch downgraded its rating on the stock to 'underperform'. Kenmare Resources (following a profit-warning from titanium feed-stock producer Iluka), Centamin and Aquarius Platinum were also firmly out of
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
Read moreCentamin quashes press report
9th Jul 2012 10:27
Egypt-focused gold miner Centamin's share price plummeted on Monday morning on the back of reports in an Egyptian newspaper which cited an un-named government source as stating that there have been breaches of the company´s concession agreement. The firm, however, has been quick to refute the repor
Read moreLondon open: Stocks slip ahead of Eurogroup meeting
9th Jul 2012 08:55
- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
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