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FTSE up on China-inspired miners, energy stocks

Resources and retail stocks helped FTSE indices close higher with investors pouncing on value buys across these and other sectors. The FTSE 100 ended the day up 71.86 points, or 1.08%, to 6750.76, while the FTSE 250 was up 87.1, or 0.56%, to 15,691.6. Miners were prominent after yesterday’s sell-off. Lonmin (LMI) was up 7.94% […]

Mining Sector: Central Rand Gold jumps on MOU with Ankong

Central Rand Gold (LON:CRND) was the sector’s biggest riser after it announced that following its non-binding memorandum of understanding with Hiria Group, it has entered into a separate non-binding MOU with Beijing Ankong Investment, a wholly-owned subsidiary of Phoenix Tree Investment Group. The Ankong MOU, which is substantively consistent with the terms and conditions of […]

Centrica downgraded by JP Morgan

JP Morgan Cazenove has added Centrica (LON:CNA) to its list of stocks to avoid and moved to an ‘underweight’ investment rating (from ‘neutral’), stating that it sees 12 per cent downside to 2015 consensus EPS and believes the company’s dividend cover is stretched. The City heavyweight added: “The new CEO Iain Conn is due to […]

BG Group brings new production onstream in Brazil

BG Group has announced the start-up of the Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel. This is the second unit deployed on the Sapinhoá field and the fifth FPSO to have come onstream across the interests in which BG Group is partner in the pre-salt Santos Basin, offshore Brazil. The Cidade de […]

Pan African final dividend approved

Pan African Resources’ shareholders have approved the payment of a final dividend of 14.10000 ZAR cents per share. The dividend will be paid on 19 December to holders of record on 5 December. At 1:19pm: (LON:PAF) Pan African Resources PLC share price was +0.13p at 12.38p Story provided by StockMarketWire.com

FTSE speeds higher on resources, retail stocks

FTSE indices sped higher towards midday as profit-hungry investors sniffed buying opportunities in miners discounted yesterday, while energy stocks enjoyed an uptick on rebounding crude prices. Several retail-sector players also ticked higher. FTSE 100 was up 51.91 points, or 0.78%, to 6730.81 a tickle before midday. FTSE 250 was up 96.41, or 0.0.62%, to 15,700.9. […]

Pan African Resources resumes work at Barberton and Evander

Pan African Resources has advised its shareholders that on Thursday, 13 November 2014, operations at Barberton Mines were suspended by the Mine Health and Safety Inspectorate (MHSI) of the South African Department of Mineral Resources. This was as a result of a Section 54 notice of orders that was issued after deviations were identified by […]

Sefton Resources forebearance payment deferred

Sefton Resources said, in respect of the forbearance payment due to Bank of the West on Oct. 31, to which the bank provided a deferral of partial payment to Nov. 20, has been further deferred to Dec. 1. Hawker Energy Inc. has provided the Bank with a reasonable expectation of having additional equity to contribute […]

FTSE up on buying opportunities, resources in focus

FTSE indices are marching higher as profit-hungry investors sniff opportunity in resources stocks, after yesterday’s softness, along with some commercial property and retail outfits. Wall St closed up overnight, while Asian markets were firmer this morning. Just after the open, FTSE 100 was up 25.01 points, or 0.37%, to 6703.91. FTSE 250 was up 29.44, […]

Ormonde Mining wins concession for Barruecopardo

Ormonde Mining said the Mining Permit for its flagship Barruecopardo Tungsten Project in Salamanca, Spain, has been granted. Saloro SLU, the Company’s wholly-owned subsidiary which is developing the Project, has been granted the Mining Concession for Barruecopardo by the Director General for Energy and Mines in the Castilla y Leon Region. This follows on from […]

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