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SacOil shares surge on upbeat EPS forecast
Johannesburg-based SacOil Holdings expects to post full-year basic earnings per share (EPS) of 1. 23-2. 05 cents, down from the prior year's loss per share of 8. 54 cents, as it benefits from restructuring its portfolio and foreign-exchange gains.
Asia close: Spike lower in Chinese equity futures rekindles worries
The main Asian equity benchmarks put in solid gains despite a sharp spike lower in futures linked to China´s CSI 300 index at one point in the session that drew comparisons with the volatility seen in August and set off 'market chatter' about the risk of renewed weakness in the yuan.
Strategic Minerals shares soar as Hanns Camp drill hole finds nickel sulphates
Strategic Minerals shares soared as the company reported that the first drill hole at its Australian Hanns Camp project has intersected nickel sulphides.
Jazz Pharmaceuticals to buy Celator for $1.5bn
Jazz Pharmaceuticals has agreed to buy Celator Pharmaceuticals for $30. 25 per share in cash, or around $1. 5bn, which will be financed with a combination of cash on hand and borrowings under its senior secured credit facility.
Numis reiterates 'buy' rating on St Modwen Properties
Numis reiterated a ‘buy’ rating and target price of 535p on St Modwen Properties after the property company said trading for the year had started well.
Darty board recommends investors accept Fnac offer
FTSE 250 electrical goods retailer Darty said on Tuesday that its board has recommended shareholders approve a 170p-per-share takeover offer from French retailer Fnac.
Renold posts lower FY profit, revenues
Industrial chains and related power transmission products company Renold has posted a reduced full-year pre-tax profit as its revenue fell amid a challenging market.
Connemara Mining starts drilling on Donegal gold target
Connemara Mining said drilling has started on the gold target on the Inishowen peninsula in Donegal.
DECC proposal on microCHP feed-in tariff hits Inspirit Energy and Flowgroup
As the Department of Energy and Climate Change launched a consultation about feed-in tariff (FIT) support for the green technologies of anaerobic digestion and small combined-heat-and-power (micro-CHP) boilers and generators, Inspirit Energy said it could benefit from potential changes hitting its rivals.
RBC raises target price on Bodycote
RBC Capital raised its target price for Bodycote to 645p from 625p on Tuesday, saying the shares are approaching “fair value”.
Europe midday: Stocks nudge lower as investors sift through data
European stocks edged lower on Tuesday as investors digested a batch of data releases at the start of a busy week.
Credit Suisse retains neutral stance on global equities
Multiple factors had improved of late, lending suppport to equities on both sides of the Atlantic, but were unlikely to improve further, thereby capping the upside to be had for the main stock benchmarks in the US and Europe, strategists at Credit Suisse said.
Haike Chemical profiting from higher-margin focus after tough 2015
HaiKe Chemical remained profitable despite selling prices being ravaged by industry oversupply last year and its focus on higher margin products in the fourth quarter has produced encouraging results that have flowed into the new financial year.
Eurozone deflation eases in May, Eurostat reveals
Deflation in the euro-area eased in May, according to an initial estimate from Eurostat on Tuesday.
Petra Diamonds finance director to step down, new CEO appointed
David Abery will step down from his role as finance director at Petra Diamonds to pursue other opportunities.
London midday: Stocks slide as oil prices fall, eurozone remains in deflation
London stocks were in the red on Tuesday as oil prices fell and official data showed the eurozone remained in deflation.
Eurozone money supply slows sharply in April
Money supply in the euro area slowed sharply in April, although some economists cautioned that the underlying details of the report painted a significantly better picture.
US pre-open: Stocks seen little changed at start of busy week
US futures pointed to a broadly flat open on Wall Street, with traders likely to tread carefully as they returned to their desks following the long weekend.
French consumer prices slip in May
Consumer prices in France remained in negative territory in May as energy prices and those for manufactured goods registered declines.