Market Pulse - Commodities
FTSE 250 movers: Pets at Home out of the dog house; Hochschild up as silver flies
London's second tier index finished the month on the back foot, weighed down by losses in the travel and leisure space after the Prime Minister announced that the planned easing of lockdown measures would be postponed.
Roman Abramovich sells stake in Highland Gold
A group of investors in Highland Gold, including Russian billionaire Roman Abramovich, announced on Friday the sale of a roughly 40% stake in the company's share capital to Fortiana Holdings at a valuation of approximately $1. 1bn.
GlaxoSmithKline stands by full-year EPS guidance but with a caveat
GlaxoSmithKline saw its top line shrink over the second quarter, somewhat ironically as the Covid-19 pandemic disrupted its vaccines unit.
Canaccord Genuity says 'buy' Petropavlovsk, despite boardroom battle
Analysts at Canaccord Genuity stuck to their 'buy' recommendation for shares of Petropavlovsk despite what some market commentary said was an ongoing board battle for control of the Russian gold miner.
US trade deficit on goods shrinks by more than expected in June
America's shortfall in trade on goods with the rest of the world fell more quickly than expected last month as export growth picked up.
Devro sees strong 1H sales in emerging markets, pays out 2019 dividend
Devro saw first half sales dip as the Covid-19 pandemic dented its sales momentum, offset by a solid performance in emerging markets that led the company's board to go ahead and pay out the final dividend for 2019 on top of its reular interim payment.
Petropavlovsk may delay 1H results after PwC declines appointment as auditor
Auditors PwC declined Petropavlovsk's decision to appoint them as the company's new auditors following the recent multiple changes to the Russian gold miner's board.
Canaccord ups target price on Atalaya Mining
Analysts at Canaccord Genuity hiked their target price on metals and mining group Atalaya Mining from 200. 0p to 290. 0p on Wednesday, singling out the firm's "outstanding" recovery leverage.
Fresnillo shares surge as the price of silver jumps
Shares of precious metals miners were flying on Wednesday as the US dollar weakened and, arguably, as investors sought out safe havens in the wake of another flare-up in US-China diplomatic tensions.
Cairn Energy provides update on Indian litigation
Exploration and development company Cairn Energy provided investors with an update on its proceedings against the Indian Government under the UK-India Bilateral Investment Treaty on Tuesday.
Monday broker round-up
British American Tobacco: Jefferies downgrades to hold with a target price of 3,000. 0p.
Norges Bank takes stake in BHP past 5%
Norway's sovereign wealth fund took its stake in Australia's BHP past 5% despite recently airing its reservations about the group's activities in coal.
Chinese imports and exports jump past forecasts in June
Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
Libya set to restart oil exports
Libya is set to resume crude oil exports in the wake of successful talks between the country's two warring factions following talks led by the United Nations and the United States.
Week ahead: UK GDP, EU leaders' summit, US earnings in focus
The focus over the coming week will be on reports covering gross domestic product and the labour market in May.
Morgan Stanley stays at 'underweight' on BP, sees 50% dividend cut
Analysts at Morgan Stanley reiterated their 'underweight' recommendation on shares of BP and their forecast for a 50% dividend cut in 2020.
Gold hits 2011 highs above $1,800/oz.
Gold prices have broken fresh records, despite a recent rally in equities, amid ongoing concerns about the long-term economic impact of the Covid-19 pandemic and the prospect of rising inflation.
Coca Cola HBC appoints Naya Kalogeraki as COO
Coca-Cola HBC AG named Naya Kalogeraki to the newly-created role at the firm of chief operating officer.
Director dealings: Polymetal director makes share purchase
Polymetal International revealed on Tuesday that non-executive director Italia Boninelli had purchased 1,446 shares in the FTSE 100-listed precious metals mining group.
Ferrexpo Q2 production rises, sales jump
Swiss iron ore company Ferrexpo recorded a jump in second-quarter production and sales on Tuesday, stating that the Covid-19 pandemic had only a minimal impact on the group.