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Sector movers: British American and Imperial light up tobacco sector

Mon, 22nd Oct 2012 15:19

Tobacco stocks were performing well on Monday afternoon with sector giants British American and Imperial lighting up the category.The stocks were up 0.74% and 0.79%, respectively, by 15:44 in London. One possible reason for the lift could be a broker note out from Credit Suisse on US peer Philip Morris International in which it retained its 'neutral' rating, saying that it sees "greater upside elsewhere in our coverage".The Swiss broker said that PMI trades at around 15 times next year's earnings, a premium to British American and Imperial, which have price-to-earnings ratios of 14 and 10.5, respectively. Credit Suisse reiterated 'outperform' ratings on the shares of the UK-listed counterparts.Mining stocks were also in the blue today with FTSE 100 peers Randgold, Fresnillo and Antofagasta doing well on the blue-chip index.Elsewhere, African Barrick Gold advanced after saying that its acquisition of Aviva Mining Kenya has been formally approved by the Kenyan Competition Commission, the final hurdle before the takeover could complete.Strategic Natural Resources rose after its (SNR) subsidiary, Elitheni Coal, agreed a container finance leasing agreement with Thelo Rolling Stock Leasing to help ship coal from its mine in the Eastern Cape of South Africa.Meanwhile, Botswana Diamonds jumped nearly 14% after saying that data from the PL170/2012 licence in the Orapa area of Botswana shows areas with concentrations of diamond indicator minerals.Top performing sectors so far todayTobacco 36,176.45 +1.10%Mining 19,215.15 +0.79%Banks 4,193.71 +0.73%Industrial Metals & Mining 2,657.89 +0.71%Beverages 12,702.49 +0.60%Bottom performing sectors so far todayElectronic & Electrical Equipment 3,292.70 -1.93%Oil Equipment, Services & Distribution 25,008.12 -1.92%Electricity 8,954.69 -0.93%Food & Drug Retailers 3,999.94 -0.78%Chemicals 8,504.11 -0.71%BC
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Strategic Natural Resources Chairman, CEO Alexander MacDonald Resigns

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1 Jul 2014 09:58

Strategic Natural Reviews Elitheni, Receives Subscription Offer For GBP1.2 Million

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16 Jun 2014 11:28

Winding Up Petition Against Strategic Natural Resources Dismissed

LONDON (Alliance News) - Shares in Strategic Natural Resources PLC surged by more than a quarter Monday, after it said that the winding-up petition filed by London Commodity Brokers has been dismissed, following its settlement of the agreed amounts due. Strategic Natural Resources shares w

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13 May 2014 13:11

UK MIDDAY BRIEFING: AstraZeneca Continues To Reject Pfizer

LONDON (Alliance News) - AstraZeneca Tuesday again rejected Pfizer's "opportunistic" GBP63 million takeover approach, as UK politicians grilled executives of both companies about the potential deal and what it will mean for the UK's pharmaceutical industry.

Cruciall

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13 May 2014 11:09

UK WINNERS & LOSERS: easyJet, TUI Travel Lower As Housebuilders Rise

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Barratt Developments, up 3.1%, and Persimmon, up 2.1%. The housebuilders have

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13 May 2014 10:33

Strategic Natural Resources Gets Some Of The Funding It Needs

LONDON (Alliance News) - Strategic Natural Resources saw its shares fall Tuesday after the company said it had secured an investment of GBP1.5 million in the company, secured a deal to pay off at least one creditor, and said it will appoint several new executives to run the company. The mon

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12 May 2014 11:59

UK MIDDAY BRIEFING: BSkyB Confirms Talks To Buy Sky Italia, Deutschland

LONDON (Alliance News) - British Sky Broadcasting confirmed Monday that it is working on the potential acquisition of 21st Century Fox's interests in Sky Deutschland and Sky Italia.

Bloomberg, citing people familiar with the matter, reported that talks about the pot

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12 May 2014 11:13

UK WINNERS & LOSERS: Mining Stocks Rise; BSkyB Falls Sharply

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday. ------- FTSE 100 - WINNERS ------- Rio Tinto, up 3.6%, BHP Billiton, up 2.4%, Antofagasta, up 2.4%, Anglo American, up 1.6%, and Glencore Xstrata,

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12 May 2014 10:11

Strategic Natural Resources' Winding Up Hearing Adjourned ForWeek

LONDON (Alliance News) - Strategic Natural Resources PLC said it has agreed with London Commodity Brokers to adjourn its winding up hearing, which was supposed to take place Monday, for one week. The natural resources development company said it continues to hold discussions with London Com

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12 May 2014 07:29

UK MORNING BRIEFING: BSkyB Confirms Deutschland, Italia Merger Talks

LONDON (Alliance News) - UK shares have opened cautiously higher Monday, amid a lack of economic data and with a wary eye on developments in Ukraine.

BSkyB confirmed press reports that has approached its major shareholder 21st Century Fox about buying Sky Deutschlan

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25 Apr 2014 15:37

Strategic Natural Subsidiary Concludes Arbitration With Creditors

LONDON (Alliance News) - Strategic Natural Resources PLC Friday said that its subsidiary Elitheni Coal Ltd has ended arbitration proceedings with certain of its creditors, paying out ZAR5.4 million plus costs of ZAR600,000. The natural resources development company said the payment was less

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31 Mar 2014 14:44

Strategic Natural Resources Pretax Loss Widens; Discussions For New Funding Continue

LONDON (Alliance News) - Strategic Natural Resources PLC said Monday its pretax loss widened during the half-year as it reported the business's first revenues, though warned that if it cannot secure new funding sources soon, its shares may be suspended. In its interim results for the six mo

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