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Friday broker round-up UPDATE

Fri, 13th Dec 2013 09:36

African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered.Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell.Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Morgan cuts target price from 1655p to 1570p retaining a neutral rating.ASOS: Deutsche Bank raises target price from 4800p to 6200p, while its hold recommendation remains unchanged.AstraZeneca: Societe Generale ups target price from 2700p to 2740p, but still recommends selling.Barclays: Numis increases target price from 222p to 274p and upgrades from reduce to hold.Bellway: Numis downgrades from buy to add with a target price of 1690p.Bunzl: HSBC raises target price from 1360p to 1425p and stays with its neutral rating.Carphone Warehouse Group: Deutsche Bank takes target price from 285p to 315p reiterating a buy recommendation.Centrica: Societe Generale reduces target price from 410p to 315p downgrading to hold.Debenhams: Deutsche Bank lowers target price from 110p to 105p maintaining a buy recommendation.Dixons Retail: Deutsche Bank shifts target price from 54p to 60p and retains a buy recommendation.Drax Group: Citi increases target price from 725p to 800p, while downgrading to neutral.Dunelm Group: Deutsche Bank moves target price from 934p to 945p and keeps a hold recommendation.Experian: HSBC reduces target price from 1500p to 1300p maintaining its overweight rating.Ferrexpo: JP Morgan takes target price from 135p to 150p, while keeping an underweight rating.First Quantum Minerals: JP Morgan reduces target price from 1250p to 940p and stays with its neutral rating.Fresnillo: JP Morgan cuts target price from 1160p to 1000p and leaves its overweight rating unchanged.Gem Diamonds: JP Morgan shifts target price from 185p to 190p and stays with its hold recommendation.Glencore Xstrata: JP Morgan cuts target price from 370p to 350p reiterating an overweight rating.Hochschild Mining: JP Morgan moves target price from 120p to 135p and upgrades to neutral.Home Retail Group: Deutsche Bank ups target price from 185p to 225p upgrading to buy.Imagination Technologies: Numis cuts target price from 460p to 200p downgrading from buy to hold.Inchcape: Deutsche Bank reduces target price from 690p to 655p, while leaving its buy recommendation unchanged.John Wood Group: Liberum Capital cuts target price from 874p to 825p and retains a hold recommendation. HSBC reduces target price from 860p to 740p reiterating its neutral rating.Kazakhmys: JP Morgan cuts target price from 200p to 180p and maintains an underweight rating.Kenmare Resources: JP Morgan lowers target price from 30p to 24p and keeps a neutral rating.London Mining: Citi moves target price from 160p to 170p and retains a buy recommendation. JP Morgan lowers target price from 200p to 195p, while its overweight rating remains unaltered.Next: Deutsche Bank increases target price from 5660p to 5900p, while staying with its buy recommendation.Optos: Numis raises target price from 180p to 300p and keeps a buy recommendation.Perform Group: Credit Suisse reduces target price from 570p to 246p, while maintaining its outperform rating.Petropavlovsk: JP Morgan cuts target price from 80p to 40p and downgrades to underweight.Rambler Metals and Mining: FinnCap initiates with a target price of 40p and a buy recommendation.Rio Tinto: Deutsche Bank ups target price from 4645p to 4685p and retains a buy recommendation.Smith (WH): Deutsche Bank moves target price from 1075p to 1090p keeping its buy recommendation.Sports Direct International: Citi cuts target price from 825p to 815p, while its buy recommendation is kept.Standard Chartered: Numis downgrades target price to 1340p keeping a hold recommendation.Synectics: FinnCap raises target price from 480p to 600p, while downgrading to hold. Westhouse Securities increases target price from 545p to 675p, while downgrading from buy to add.Thomas Cook Group: Nomura ups target price from 136p to 152p, while downgrading to reduce.TUI Travel: Citi raises target price from 372p to 405p maintaining a neutral rating.Vedanta Resources: JP Morgan reduces target price from 1360p to 1130p, while leaving its overweight rating unaltered.Whitbread: Credit Suisse increases target price from 3900p to 4100p and retains an outperform rating. Numis downgrades to hold with a target price of 3600p.
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Rambler Metals says no choice but to turn to voluntary liquidation

(Alliance News) - Rambler Metals & Mining PLC on Friday said it has "no means to continue to operate" as funds have dried up.

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17 Apr 2023 19:43

TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

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11 Apr 2023 18:13

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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30 Mar 2023 19:20

TRADING UPDATES: Centamin targets reduction in greenhouse gases

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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28 Feb 2023 19:32

IN BRIEF: Rambler Metals and Mining starts proceedings under CCAA

Rambler Metals and Mining PLC - AIM-listed owner of Ming copper-gold mine in Baie Verte, Newfoundland and Labrador - Obtains initial order from the Supreme Court of Newfoundland and Labrador and starts proceedings under the Companies' Creditors Arrangement Act. Says the order allows for a stay of proceedings in respect of Rambler Canada, 1948, the company, and Rambler Mines Ltd and authorises Rambler Canada to continue its business in the normal course during the CCAA proceedings. States proceedings will allow time and stability to develop and implement a sale process. Secures USD5 million to allow business to continue operating.

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27 Feb 2023 19:42

TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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20 Feb 2023 18:26

Rambler Metals & Financing says financial position "uncertain"

(Alliance News) - Rambler Metals & Mining PLC on Monday said its financial position was uncertain as it faced the possibility of default payments in relation to a contract with Sandstorm.

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20 Feb 2023 13:34

Rambler defaults on gold repurchase agreement with Sandstorm

(Sharecast News) - Copper and gold producer Rambler Metals and Mining announced a default on its gold streaming repurchase agreement with Sandstorm Gold on Monday.

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17 Feb 2023 13:06

Rambler Metals pauses mine operations as it discusses finances

(Sharecast News) - Copper and gold explorer, developer and producer Rambler Metals updated the market on its progress on financing and the status of its operations on Friday.

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17 Feb 2023 10:59

IN BRIEF: Rambler Metals pauses operations amid finance uncertainty

Rambler Metals & Mining PLC - Richmond, England-based, Canada-focused mining and development company - Pauses operations pending the delivery of "key supplies" to its Ming copper-gold mine. The mine is a fully operational base and precious metals processing facility on the Baie Verte peninsula in Canada. Says all operations will stop on Friday. Plans to recommence operations on or before Friday next week. Says the mine will be "fully maintained" through this period. Notes that the decision was made as its continues with discussions around its financial restructuring.

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10 Feb 2023 11:45

Rambler Metals' financial position precarious on gold sale default

(Alliance News) - Rambler Metals & Mining PLC on Friday said that its financial position remains uncertain, after it failed to deliver refined gold under its agreement with Elemental Altus.

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18 Jan 2023 21:58

TRADING UPDATES: Bankers net assets drop; Invinity Energy wins funds

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TRADING UPDATES: MaxCyte in deal; Angus to resume Saltfleetby drilling

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15 Nov 2022 21:23

TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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15 Nov 2022 13:41

Rambler takes forward sale position on copper tonnage

(Sharecast News) - Copper and gold developer and producer Rambler Metals has taken a forward sale position on a large tonnage of copper, it announced on Tuesday.

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