London close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreLondon close: Eurozone uncertainties fuel risk aversion
25th Jun 2012 16:43
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues Mining stocks were dragging London's FTSE 100 sharply lower on Monday, as investors sold off 'riskier' assets. However, it was Shire that finished the day as the wor
Read moreFTSE 250 movers: Centamin leaps on broker comment
25th Jun 2012 14:15
Gold miners Centamin and Petropavlovsk were benefiting from bullish remarks from Nomura about the gold sector. "Gold remains fundamentally supported by long-term trends", including increasing gold holdings within central bank reserves and strong Chinese demand. Essar Energy, the India-focused in
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreFTSE 250 movers: Invensys drops after bid talks fizzle out
21st Jun 2012 15:34
Following a massive jump the day before on the back of bid speculation, shares of Invensys plummeted on Thursday after it said that while rumours of an approach from Emerson Electric proved to be correct, these discussions 'are no longer ongoing'. The maker of rail signalling and industrial automa
Read moreChief Executive pay keeps rising
12th Jun 2012 09:05
FTSE 100 Chief Executives enjoyed bumper pay rises in 2011 while their employees got virtually no increase at all, according to a new report. The average wage earned by Chief Executives in the UK's biggest firms was £4.8m, up 12% on the year before. In contrast, employees at FTSE 100 companies saw
Read moreBroker tips: Centamin, Synergy Health, Halfords
7th Jun 2012 12:10
Nomura has upgraded its rating for Egyptian gold miner Centamin from neutral to buy and increased its target price from 100p to 130p, saying that operational momentum may be turning positive after '18 months to forget'. "With the planned open-pit pushback now optimised for 2013-15 [following last w
Read moreBroker snap: Nomura upgrades Centamin to buy
7th Jun 2012 12:08
Nomura has upgraded its rating for Egyptian gold miner Centamin from neutral to buy and increased its target price from 100p to 130p, saying that operational momentum may be turning positive after '18 months to forget'. "Centamin has faced many challenges over the past 18 months including delays in
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read moreThursday tips round-up: Centamin, Severn Trent, Amec
31st May 2012 06:56
The Egyptian gold miner Centamin still glistens for Questor in the Telegraph. It's had a rough time during the Arab spring but is investing in a massive increase in production and could benefit from more stability following the elections in mid-June. Hold until the politics calms down in Cairo is th
Read moreCentamin sees increased mining rates at Sukari
30th May 2012 07:34
Egypt-focused gold miner Centamin has revealed a more up-to-date five-year production plan for its flagship Sukari mine, which includes increased ore grades and mining rates. "The open pit mine plan [previously released on March 14th] has been optimised to better reflect the expected increase in mi
Read moreFTSE 250 movers: Inmarsat rises on first quarter earnings
9th May 2012 15:26
Miner Petra Diamonds was up having reported a doubling of production in its third quarter, driven by its purchase of the Finsch mine in South Africa. The firm said production rocketed 126 per cent to 622,509 carats during the period, with Finsch exceeding management expectations and contributing 343
Read moreLondon midday: Stocks tank again on euro worries
9th May 2012 11:36
- Weir and Sage fall heavily - ITV, Sainsbury, Glencore higher after updates - Footsie hits new YTD lows on euro concerns London's blue chip index had sunk to levels not seen since late December by Wednesday lunchtime, as political uncertainty in the Eurozone continues to cloud the outlook for the
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
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