London open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreCentamin lowers output expectations for 2010
13th Sep 2010 07:44
Centamin Egypt has cut its production estimate for the year by as much as 20% due to machinery failures, lower grade ore and a drop in recoveries. The £2bn firm, mining the Sukari gold deposit in Egypt, has lowered its 2010 guidance to between 160,000 and 170,000 ounces of gold, down from 200,000 o
Read moreFriday tips round-up: Rolls-Royce, Aegis, Travis Perkins
30th Jul 2010 06:55
Rolls-Royce is among the FTSE 100's band of defensives. The shares trade on a multiple of 15.5 times forecast earnings for 2010, putting the stock at the top of end of its historic range. While that may worry some, it's just a reflection of the market's preference for what is a relatively safe and
Read moreSmall caps: Titon, Utd Drug, Vernalis...
29th Jul 2010 14:16
Blinds specialist Titon's revenues for the 3 months to June were 19% higher than the corresponding period last year, with UK sales 15% higher and the rest of the world 37% higher. Growth in the UK came from higher sales of mechanical ventilation systems. There were also increased sales volumes in
Read moreEssar and Barrick go straight into Footsie
9th Jun 2010 18:00
Two of this year's new issues have gone straight into the FTSE 100 index. Essar Energy and African Barrick Gold are the only two new inclusions in the the latest FTSE quarterly changes will further increase the non-UK proportion of the Footsie. The two resources businesses replaced London Stock Ex
Read moreFTSE Review: Essar Energy, African Barrick To Join FTSE100
9th Jun 2010 17:42
LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreCentamin Egypt Ups Sukari Gold Project Resource To 10.99M Oz
8th Jun 2010 07:40
LONDON (Dow Jones)--Centamin Egypt Limited (CEY.LN), a gold mining group with operations in Egypt, said Tuesday the Sukari gold in-situ mineral resource has increased to 10.99Moz Measured and Indicated, plus 3.5Moz Inferred MAIN FACTS: -This represents an increased gold resource of 699,000 o
Read moreCapital and Counties bosses lay foundations
14th May 2010 16:29
Bosses at Capital and Counties Properties have been opening their accounts in the real estate firm following its demerger from the property giant Liberty International. Chairman Ian Durant bought 122,347 shares at 1,21.7p a share, paying a total of £148,884, while chief executive Ian Hawksworth, to
Read moreSunday tips round-up: Centamin, Lo-Q, Hill & Smith
9th May 2010 12:03
Gold producer Centamin issued its third-quarter results last week - confirming all was on track to meet its full-year targets. However, if there is any major flight to safety this will cause the dollar to strengthen further, which is a negative for gold. The shares were first recommended on January
Read moreHome Retail boss opens Hammerson account
1st Apr 2010 11:20
Terry Duddy, chief executive of Argos and Homebase owner Home Retail Group, has opened his account at Hammerson having joined the board of the shopping centre operator in December. He took 20,000 shares at 394p a time in his first purchase of shares in the company, paying a total of £78,800. In a
Read moreNon-exec buys initial stake in Aberdeen
17th Mar 2010 16:02
Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009. Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each. Fusenig is Co-Chief Operating Officer of Asset Mana
Read moreTuesday tips round-up; Wolseley, BHP Billiton, Centamin
12th Jan 2010 06:36
Ireland was not the biggest bet in Wolseley's decade-long multibillion-pound global acquisition spree, but the building-material distributor's exit from the country provides one of the starkest examples of how its ambitions have changed. Only five years ago, Wolseley paid €183m alone for Brooks, on
Read moreSunday tips round-up: Antofagasta, Debenhams, Shanks
13th Dec 2009 11:20
Antofagasta's balance sheet remains strong, with cash balances of $2.95bn (£1.8bn) as of September 30 this year. The group's production growth is highlighted in its prospective earnings multiples. The shares are trading on a December 2009 earnings multiple of 22.5, but this falls to 13.3 in 2010 and
Read moreTuesday tips round-up: UK Coal, Centamin Egypt, H&T
27th Oct 2009 06:02
Britain's largest coal miner gave a sombre update yesterday with the news of another death at one of its mines. The fatality at its Kellingley mine has halted production for a week. UK Coal also has more than 40,000 acres of land, where it used to have working mines. Much of the land is agricultural
Read moreWednesday tips round-up: Lloyds Banking, Randgold, Peter Hambro
9th Sep 2009 06:35
Lloyds Banking shares' recent froth has been driven by the company's bold prediction that bad debts have peaked and hopes that it may be able to renegotiate terms of entry into the government's asset guarantee scheme. It may be that Lloyds Banking is the recovery play of the new century. There are
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