ShareCast News for Randgold Resources (RRS)
Mon, 16th Jul 2012 15:16
Security solutions firm G4S tumbled from the off today after saying that it will incur a loss on its Olympics Games contract of 35-50m pounds after failing to provide the number of staff for the event that it had committed to. Chief Executive Officer Nick Buckles said that the company is "deeply disappointed". The stock was being pressured down further by downgrades by both UBS and Jefferies this morning.
Accountancy software leviathan Sage said it was still waiting for the looked-for pick-up in Europe to happen. While the group assured that it has been trading broadly in line with expectations since the end of March, that didn't stop shares falling over 3% today.
Miners were also providing a drag on the Footsie as a result of comments by China's Premier Wen Jiabao who sent investor sentiment in the region plunging after saying economic recovery in China is still unstable and the country could be facing hardship for a while yet. Nomura was also providing downward pressure on the sector today after slashing its target prices for numerous miners, citing lower commodity prices. Randgold, Polymetal, Vedanta, ENRC and Kazakhmys were firmly out of favour.
Meanwhile, Smiths Group, the technology company, rose on the news it is selling its share of US biometric firm Cross Match Technologies for $77m. Smiths Chief Executive, Philip Bowman, said: "As I indicated at our interim results in March, we are looking to simplify our portfolio. This disposal helps us to focus on our core businesses in driving revenue growth, operational improvements, enhanced margins and strong cash conversion."
FTSE 100 - Risers
Resolution Ltd. (RSL) 217.90p +2.59%
International Consolidated Airlines Group SA (CDI) (IAG) 159.20p +2.18%
Schroders (SDR) 1,334.00p +1.52%
Smiths Group (SMIN) 1,052.00p +1.45%
Hammerson (HMSO) 463.60p +1.42%
Morrison (Wm) Supermarkets (MRW) 272.70p +1.26%
British Land Co (BLND) 532.00p +1.24%
Kingfisher (KGF) 271.80p +1.19%
United Utilities Group (UU.) 692.00p +1.10%
Marks & Spencer Group (MKS) 319.80p +1.07%
FTSE 100 - Fallers
G4S (GFS) 252.00p -9.58%
Tullow Oil (TLW) 1,385.00p -3.35%
Sage Group (SGE) 275.80p -3.23%
Kazakhmys (KAZ) 724.50p -2.62%
Barclays (BARC) 158.20p -2.44%
Burberry Group (BRBY) 1,201.00p -2.28%
Randgold Resources Ltd. (RRS) 5,795.00p -2.19%
Polymetal International (POLY) 860.50p -1.88%
Eurasian Natural Resources Corp. (ENRC) 401.50p -1.79%
Vedanta Resources (VED) 898.50p -1.75%
NR
Well-received results from a number of FTSE 100 heavyweights and a sharp drop in consumer-price inflation in the UK lifted London's benchmark index to fresh multiyear highs on Tuesday.
[Yesterday 16:46]Stocks held on to 12-year highs on Tuesday morning as a sharp drop in consumer-price inflation lifted the outlook for the UK economy.
[Yesterday 11:38]The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector.
[Mon 11:26]London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy.
[Mon 08:40]City sources predict the FTSE 100 will open up 19 points from Friday's close of 6,723, which would see it jump past 2007 highs of 6,732 after the US Dow Jones and S&P 500 benchmarks reached fresh record closing prices at the end of last week.
[Mon 07:25]Randgold Resources, the FTSE 100-listed gold miner, has entered into a 200m dollar unsecured revolving credit facility with HSBC and three other banks to be used for general corporate purposes.
[Mon 07:01]The FTSE 100 was continuing to trade within an extremely tight range on Thursday morning as investors consider how much further the rally will go given that the index is already trading at levels not seen in five and a half years.
[Thu 11:34]easyJet narrowed its half-year losses as the low-cost airline took initiatives to boost revenues and cut costs.
[15 May '13]