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Major European stock market indexes traded in the red in the premarket on Wednesday. The dampened sentiment came after Moderna's Chief Executive Stephane Bancel warned the European Union that prolonged negotiations for the purchase of its COVID-19 vaccine could put the timely delivery of the doses at risk. The European Commission confirmed in the meantime it had approved another purchase of CureVac's vaccine candidate against coronavirus

The DAX declined 0.40% at 7:57 am CET, the FTSE 100 fell by 0.55% at the same time while the CAC 40 lost 0.22% at 8:00 am CET.

The euro grew 0.10% against the dollar, going for 1.18765 at 7:55 am CET while the pound gained 0.08% compared to the greenback at the same time to change hands at 1.32632.

Breaking the News / TF

The Daily Telegraph: Amazon is urging shoppers to buy their presents early as even the most advanced online retailers battle against supply chain chaos in the run-up to Christmas

Busy here... forgot the clip

“ Deputy Minister for Mining Investment & Development, Mr. Saleh Al-Aqili will present developments in the Saudi mining sector in the MENA Connections Webinar - Mining and Resources hosted by @AustArabChamber and @dfat on 17 November.
Register Now:”

Siko news looks imminent.
This is a clip from the tweeter link below, referring to Saudi Arabia but mentions that the International webinar is taking place today nov 17th

Thanks to Cowichan for the link:

https://twitter.com/abedhakmi80/status/1328398192522780686

The Times: The FTSE 100 could have a new goldminer next year after Endeavour Mining, of Canada, announced the takeover of a rival Teranga and plans to seek a secondary listing in London.

European stocks were lower in premarket trading on Tuesday after Poland and Hungary vetoed the EU governments' proposal of the 2021-2027 budget and recovery fund. Investors are also waiting for the eurozone construction output to be reported later in the day.

The DAX decreased by 0.23% at 8:03 am CET and the FTSE 100 was 0.247% in the red at the same time.

The euro was flat compared to the dollar, changing hands for 1.18574 at 8:03 am CET while the pound rose by 0.19% against the greenback to 1.32216 a minute later.

Breaking the News / TF

European stocks were lower in premarket trading on Tuesday after Poland and Hungary vetoed the EU governments' proposal of the 2021-2027 budget and recovery fund. Investors are also waiting for the eurozone construction output to be reported later in the day.

The DAX decreased by 0.23% at 8:03 am CET and the FTSE 100 was 0.247% in the red at the same time.

The euro was flat compared to the dollar, changing hands for 1.18574 at 8:03 am CET while the pound rose by 0.19% against the greenback to 1.32216 a minute later.

Breaking the News / TF

Actually explains Fresnillo’s behaviour yesterday as well

MORGAN STANLEY CUTS FRESNILLO PRICE TARGET TO 1,150 (1,350) PENCE - 'EW'

https://www.morningstar.co.uk/uk/news/AN_1605519759586021200/uk-broker-ratings-summary-goldman-ups-whitbread%3B-hsbc-raises-wizz-air.aspx

Ratings that seek to boil down the environmental, social and governance (ESG) credentials of companies to a single number are ‘nonsense’ according to Catherine Flockhart, a director at Baillie Gifford.

In this short video, Flockhart explains why the managers of the group’s top-performing Positive Change fund eschew these ESG ratings in favour of other approaches to establish the positive impact of stocks.

This is the final part of our series of edited highlights from our event, The Search for Growth Stocks that can Change the World, sponsored by Baillie Gifford.

You can watch the first, which explains how the fund’s managers seek out companies making a positive impact on society, here.

The second, on why Google owner Alphabet (GOOGL.O) gains a place in the fund, is here, and the full broadcast can be accessed here.

https://citywire.co.uk/funds-insider/news/baillie-gifford-why-we-think-esg-ratings-are-nonsense/a1425436

Cut Centamin price target to 130 (205)pence – equal weight
yesterday, another reason the price performance was poor on Monday.

It be interesting if the company also announced something on Tuesday that Sky News hadn’t learnt about!

Barrick gold which holds 11.44% of Teranga shares supported the deal.

This is major stuff.

“The Minister of Petroleum and Mineral Resources, Eng. Tariq Al-Mulla, will officially announce the names of the winners of the bid within days at an international press conference that includes a large number of officials and ambassadors of some of the countries winning the bid.”

I think you’re right about the seller TigerByTheTail although Fresnillo are also down, perhaps they have the same.
I own some Boohoo and the stock although not flying the it used to is far more positive than. I think there’s a strong buyer in action.

I wonder if Siko knows of any planned press conference re EMRA. The article as MrBond46 pointed out does mention the announcement would be made in a matter of days.

We are where we are..

This morning when news broke that the pfizer's vaccine for COVID-19 has a better success rate than first expected and Centamin fell with it but by 2+%.
Now gold has recovered but cey is still down.
Typical market stealing a few pence everywhere.

If there’s no RNS re the EMRA licenses before Friday there won’t be one until next week as Friday in Egypt is their sabbath. Hopefully we’ll hear something beforehand

2030... Gezzz I’ll be dead!

Hello Akgold on the top of this message board look in the tittle “sdry share news” you’ll find the analyst comments that LSE have reported there.

This link is to the last update from Liberum

Liberum: Superdry’s shrinking market cap is wrong

Investors should buy into the weakness in Superdry (SDRY) shares as fashion brand takes steps to put itself back on an even keel, says Liberum.

Analyst Wayne Brown retained his ‘buy’ recommendation and target price of 300p on the shares, which slumped 12.6% to 132.7p yesterday after reporting a doubling of losses to £167m for the year.

Brown said results were ‘as good as could be expected’ considering the Covid-19 lockdown closed all its stores and the outlook was ‘improving’ as wholesale orders came in and stores recovered.

‘Cost savings are on track and there is a clear focus to reduce inventories further which is a clear positive,’ he said.

‘The current market cap of £125m is now smaller than the value of the inventory on the balance sheet. This has to be wrong considering momentum and the proven track record of this management to convert this into cash.’

https://citywire.co.uk/funds-insider/news/the-expert-view-st-james-s-place-superdry-and-informa/a1403346#i=3

Discount retailer B&M (BME) has been a Covid-19 winner and Shore Capital says the short-term risks are to the upside.

Analyst Greg Lawless retained his ‘hold’ recommendation on the stock after the company declared interim results and a special dividend of 25p.

Lawless said the results were ‘excellent’ and the company had ‘clearly benefitted from essential retailer status and has had a tailwind during lockdown’.

‘The risk in the short-term looks to be on the potential upside,’ he said. ‘B&M has been a definite Covid-19 winner and it would appear its new customers that it has attracted through lockdown are sticky.’

Major European stocks made gains in the premarket trade on Monday as the continent continued to struggle with the coronavirus pandemic. While Austria implemented tightened restriction measures, France saw near-record 900 coronavirus-related deaths on Friday. Meanwhile, a report revealed a coronavirus vaccine developed by China has around 90% effectiveness similar to the one created by Pfizer Inc.

The weekend was also marked by statements from French Finance Minister Bruno Le Maire, who asserted the European Union would find a solution with the United States over subsidies to Airbus and Boeing, and Irish Foreign Minister Simon Coveney, who confirmed that the Brexit deal is still reachable.

The DAX soared 1.00% or 128 points at 8:03 am CET, while the FTSE 100 rose 0.92%. A minute later, the CAC 40 advanced 1.13%. The euro gained 0.14% against the dollar to sell for $1.18492, while the pound traded 0.08% higher to go for $1.32060.

Breaking the News / ND

Major European stocks made gains in the premarket trade on Monday as the continent continued to struggle with the coronavirus pandemic. While Austria implemented tightened restriction measures, France saw near-record 900 coronavirus-related deaths on Friday. Meanwhile, a report revealed a coronavirus vaccine developed by China has around 90% effectiveness similar to the one created by Pfizer Inc.

The weekend was also marked by statements from French Finance Minister Bruno Le Maire, who asserted the European Union would find a solution with the United States over subsidies to Airbus and Boeing, and Irish Foreign Minister Simon Coveney, who confirmed that the Brexit deal is still reachable.

The DAX soared 1.00% or 128 points at 8:03 am CET, while the FTSE 100 rose 0.92%. A minute later, the CAC 40 advanced 1.13%. The euro gained 0.14% against the dollar to sell for $1.18492, while the pound traded 0.08% higher to go for $1.32060.

Breaking the News / ND