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
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

FTSE 100 movers: Randgold cheers with strong update

Mon, 03rd Feb 2014 14:52

Randgold Resources was the strongest riser after it said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. Production for the quarter and year to December rose 20 per cent and 15 per cent respectively, in line with the company´s guidance and ahead of some analysts´ forecasts. Cash costs dropped by 5% in the last quarter of the year when compared with the previous three months.Reckitt Benckiser Group was rising strongly after Sanford C. Bernstein reiterated its 'outperform' rating on the shares. Weir Group was another top performer as investors ignored the target price reduction (2,500p to 2,335p) from broker Jefferies and instead focused on its comments that the oil and gas group could experience a favourable shift in sentiment if "the on-going concerns towards the Minerals division [were] to dissipate". Rexam climbed after it proposed the sale of the Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare business for $805m. Following completion of the sale, the group plans to return around £450m to shareholders. Meanwhile, shares in Lloyds were at the bottom of the pile after the group revealed its payment protection insurance (PPI) bill had soared by a further £1.8bn to nearly £10bn, and despite predicting its full-year underlying profits would be almost double that predicted by analysts. Sector peer Barclays was also a heavy faller. Financial stocks took a hit after the European Central Bank said the largest banks in the euro-area's will be required to prove their capital will not drop below 5.5% of their assets in the event of an economic crisis. Vodafone slumped ahead of the telecommunication giant´s release of its results on Thursday, when it is expected to post a 5% decline in revenue for the three months to the end of December. The Sunday Times called attention to its exposure to the recent mayhem in India, South Africa and Turkey.FTSE 100 - RisersRandgold Resources Ltd. (RRS) 4,387.00p +4.63%Reckitt Benckiser Group (RB.) 4,697.00p +2.94%Weir Group (WEIR) 2,148.00p +2.58%Aggreko (AGK) 1,582.00p +2.33%Travis Perkins (TPK) 1,778.00p +2.24%Sage Group (SGE) 417.00p +2.13%British Sky Broadcasting Group (BSY) 894.50p +2.11%Rexam (REX) 503.00p +2.03%SSE (SSE) 1,333.00p +1.99%Petrofac Ltd. (PFC) 1,178.00p +1.99%FTSE 100 - FallersLloyds Banking Group (LLOY) 80.92p -2.86%Aberdeen Asset Management (ADN) 382.30p -2.17%Vodafone Group (VOD) 223.35p -1.41%Barclays (BARC) 269.10p -1.25%Burberry Group (BRBY) 1,430.00p -1.24%Royal Bank of Scotland Group (RBS) 336.40p -1.06%Schroders (SDR) 2,442.00p -1.01%Babcock International Group (BAB) 1,376.00p -1.01%Hargreaves Lansdown (HL.) 1,472.00p -0.94%BAE Systems (BA.) 425.50p -0.84%NR

Related Shares

More News
Today 12:08

Barclays AGM disrupted by activists protesting over Gaza

LONDON, May 9 (Reuters) - Barclays' annual shareholder meeting was disrupted by activists protesting against its alleged indirect links to violence ...

Today 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

8 May 2024 16:45

UK watchdog considers redress scheme after motor finance probe

LONDON, May 8 (Reuters) - Britain's financial watchdog said on Wednesday it was considering a formal redress scheme to compensate thousands of consu...

7 May 2024 07:00

Race for Europe's first 'real-time' stock trade tape heats up

LONDON, May 7 (Reuters) - Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors ...

4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays C...

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.