The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

FTSE 100 Movers: Miners rising high

Wed, 02nd Nov 2011 13:39

Africa-focused gold miner Randgold Resources surged higher after profits for the third quarter jumped by 336% on last year to $122.9m, helped by the sale of 31,646 ounces of previously held gold on hand at Tongon. Mining peers Fresnillo and Kazakhmys were also higher. Miners were also buoyed by rising metal prices, with copper gaining 2.28% to $3.58 on its December contract. Gold was also rising 1.18%, gaining $20.20 on its December contract to $1,732. Next, the fashion retailer, was heading higher after reporting a 3.3% increase in group sales in the third quarter compared to the same period of 2010. The figure is flattered, however, by new store openings, with Next saying 3.4% of sales growth was down to new space; when those numbers are stripped out it appears like-for-like sales were down 0.1% Fears about slowing revenue growth at satellite communications firm Inmarsat appear to have been overdone after the company saw revenues rise 17.9% in the third quarter compared to the same period of 2010, sending the share price higher. Meanwhile, Standard Chartered, the number two UK bank by market value, was heading lower, despite having seen revenues for the first nine months of 2011 grow by "a high single digit percentage". Imperial Tobacco was also down despite UBS raising its target from 2,385p to 2,435p, and keeping its buy recommendation on the stock. Lloyds also continued to fall after announcing that its chief executive officer, Antonio Horta-Osorio, is taking a leave of absence for health reasons, according to the Financial Times. The board is set to discuss interim measures later today. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 7,165.00p +6.38%Fresnillo (FRES) 1,752.00p +5.80%Next (NXT) 2,689.00p +5.16%Burberry Group (BRBY) 1,329.00p +4.40%Wolseley (WOS) 1,812.00p +4.08%Man Group (EMG) 141.40p +3.97%Eurasian Natural Resources Corp. (ENRC) 646.00p +3.86%Inmarsat (ISAT) 463.00p +3.49%Kazakhmys (KAZ) 890.50p +3.37%Glencore International (GLEN) 430.15p +3.28%FTSE 100 - FallersLloyds Banking Group (LLOY) 28.80p -5.76%GlaxoSmithKline (GSK) 1,344.50p -2.47%Imperial Tobacco Group (IMT) 2,220.00p -2.42%ICAP (IAP) 378.50p -2.35%Standard Chartered (STAN) 1,405.00p -2.33%Royal Dutch Shell 'B' (RDSB) 2,182.50p -2.15%Ashmore Group (ASHM) 325.00p -1.93%Royal Dutch Shell 'A' (RDSA) 2,140.00p -1.77%ITV (ITV) 59.30p -1.74%Sage Group (SGE) 268.00p -1.40%NR

Related Shares

More News
1 Mar 2023 12:26

CMA provisionally clears Viasat, Inmarsat merger

(Sharecast News) - The UK's Competition and Markets Authority has provisionally cleared US satellite company Viasat's £5.4bn takeover of UK rival...

14 Oct 2022 12:05

Viasat acquisition of Inmarsat heading to full CMA inquiry

(Sharecast News) - The competition regulator has decided to refer the planned acquisition of Inmarsat by Viasat to a full-scale inquiry, it announced ...

25 Jul 2022 12:25

CMA to review Viasat takeover of Inmarsat

(Sharecast News) - The UK's Competition and Markets Authority said on Monday that it has launched an investigation into Viasat's £6bn takeover of...

8 Nov 2021 11:59

Viasat to buy UK's Inmarsat in $7.3bn deal

(Sharecast News) - California-based Viasat has agreed to buy British mobile satellite communications group Inmarsat in a $7.3bn deal.

4 Dec 2019 16:37

Inmarsat To Be Delisted On Thursday After Acquisition Approval

Inmarsat To Be Delisted On Thursday After Acquisition Approval

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.