Basic Resources Sector News

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  • G A Chester revisits popular growth prospect Sirius Minerals plc (LON:SXX).

  • European equities climbed higher on Thursday, with energy shares rallying after oil prices surged overnight following a deal by OPEC members to limit crude output. The Organization of the Petroleum Exporting ...

  • Stock markets diverge, weighing oil output deal

    Energy firm PetroChina's stock on the Hong Kong Stock Exchange rose more than three percent on news that the OPEC cartel had agreed to cut production

  • These three stocks could either fly out of the traps, or remain stuck there for years, says Harvey Jones.

  • Britain's top share index rose near a 1-1/2 year high on Thursday, boosted by a rise in its heavyweight energy sector as a decision by OPEC to curb output for the first time since 2008 lifted oil prices. Energy stocks added 47 points to the FTSE 100, contributing more than half of its rise.

  • Stock markets diverge, weighing oil output deal

    Energy firm PetroChina's stock on the Hong Kong Stock Exchange rose more than three percent on news that the OPEC cartel had agreed to cut production

  • Stock markets diverge, weighing oil output deal

    Energy firm PetroChina's stock on the Hong Kong Stock Exchange rose more than three percent on news that the OPEC cartel had agreed to cut production

  • Britain's FTSE recovers from one-week low as miners rally Reuters - UK Focus - Wed, Sep 28, 2016 17:13 BST

    Britain's blue-chip share index bounced back from a one-week low on Wednesday as engineering firm Smiths Group surged after posting higher-than-expected profits and miners tracked stronger metals prices. ...

  • Bridgepoint to list French hospital group Medipole - sources Reuters - UK Focus - Wed, Sep 28, 2016 13:46 BST

    Private equity investor Bridgepoint is stepping up preparations to list France's second-largest independent private hospital group Medipole on the stock exchange by the end of the year, in a deal potentially valuing the company at about 1.5 billion euros ($1.7 billion), people close to the matter said. The investor, which …

  • Deutsche gets lift from $1.2 bln sale of Abbey Life to UK's Phoenix Reuters - UK Focus - Wed, Sep 28, 2016 11:28 BST

    Deutsche Bank AG (LSE: 0H7D.L - news) has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators' demands. Phoenix, Britain's largest owner of life insurance funds closed to new customers, …

  • Could BHP Billiton plc (LON: BLT) pounce on Sirius Minerals plc (LON: SXX)?

  • Motoring group AA considers pension deals as deficit widens Reuters - UK Focus - Wed, Sep 28, 2016 10:38 BST

    Motoring group AA (Frankfurt: A116XA - news) is considering a bulk annuity deal with an insurer as it weighs how to deal with its ballooning pension deficit, its chief financial officer said on Wednesday. "We are looking at ways of mitigating current and future liabilities," chief financial officer Martin Clarke told …

  • Britain's FTSE recovers from one-week low as miners, TUI rally Reuters - UK Focus - Wed, Sep 28, 2016 10:10 BST

    UK shares rose on Wednesday, recovering from a one-week low as shares in commodities-related stocks rallied and tour operator TUI gained after raising its profit forecast. The blue chip FTSE 100 index ...

  • Two new tsars to be created as Airbus reorganisation takes shape Reuters - UK Focus - Wed, Sep 28, 2016 08:21 BST

    Airbus Group Chief Executive Tom Enders plans to expand a shake-up of Europe's largest aerospace group by promoting two executives to oversee engineering and programmes as he forces through more "integration" to prepare for future competition. People familiar with the matter told Reuters the heads of the company's two …

  • Fed seeks more capital from big banks, relief for regional lenders Reuters - UK Focus - Mon, Sep 26, 2016 21:23 BST

    The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller lenders as it updates its annual stress test, Fed Governor Daniel Tarullo said on Monday. The reforms will include a new capital buffer to better protect the financial system from a shock at the nation's …

  • R3, 8 banks successfully test Intel blockchain platform for bond trading Reuters - UK Focus - Mon, Sep 26, 2016 19:09 BST

    U.S.-based financial innovation start-up R3 announced on Monday that it and eight banks, including HSBC and State Street, have successfully tested a blockchain platform powered by Intel Corp technology ...

  • European shares fall as Deutsche Bank leads financial stocks lower Reuters - UK Focus - Mon, Sep 26, 2016 17:39 BST

    European shares fell on Monday, weighed down by major banking stocks, with Deutsche Bank hitting an all-time low amid concerns over the impact on its finances of a big U.S. fine. The pan-European STOXX ...

  • Rio Tinto aims to cut debt with bond buyback Reuters - UK Focus - Mon, Sep 26, 2016 17:03 BST

    Rio Tinto (LSE: RIO.L - news) on Monday announced a bond buyback plan for up to $3 billion, saying it was using spare cash to further cut its debt. Compared with other miners, Rio Tinto has a strong balance sheet and earlier this year completed $4.5 billion in bond buybacks.

  • FTSE scores worst day in 3 months, downgrades weigh Reuters - UK Focus - Mon, Sep 26, 2016 17:02 BST

    Britain's top share index fell on Monday and made its worst one-day performance in three months, with Lloyds pushing banks lower after a downgrade by Goldman Sachs and miners tracking weaker metals prices. ...

  • Orosur Mining Inc. – Notice of Annual and Special Meeting Business Wire - Mon, Sep 26, 2016 16:54 BST

    SANTIAGO, Chile--(BUSINESSWIRE)-- Orosur Mining Inc. (“Orosur” or the “Company”) (TSX/AIM:OMI), a South American-focused gold producer, developer and explorer announces that copies of the Notice of Annual ...

  • Rio Tinto launches debt reduction programme Reuters - UK Focus - Mon, Sep 26, 2016 15:49 BST

    Major minor Rio Tinto on Monday announced a bond buyback plan for up to $3 billion, saying it was taking advantage of its healthy cash situation to further reduce debt. Under the plan Rio Tinto has issued ...

  • UK says no date for renewing Airbus credits, sources see 2017 restart Reuters - UK Focus - Mon, Sep 26, 2016 15:41 BST

    Britain's export credit agency said it is not targeting any date for restoring financial support for Airbus jets and two sources said European government export financing, suspended this year amid a corruption probe, may not be available before 2017. Airbus Group (Swiss: AIR.SW - news) predicted in July that government …

  • These two shares could add precious riches to your portfolio Fool.co.uk - Mon, Sep 26, 2016 13:57 BST

    Could shares in precious metals and gemstones help boost your investment riches?

  • Will Sirius Minerals plc plunge like 88 Energy Limited? Fool.co.uk - Mon, Sep 26, 2016 12:43 BST

    Here’s a way to play the volatility with Sirius Minerals plc (LON: SXX) and 88 Energy Limited (LON: 88E).

  • Ex-divs to take 0.28 points off FTSE 100 on Sept. 29 Reuters - UK Focus - Mon, Sep 26, 2016 11:44 BST

    The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...

  • FTSE on track for worst day in 3 months, downgrades weigh Reuters - UK Focus - Mon, Sep 26, 2016 09:56 BST

    Britain's top share index fell on Monday and headed for its worst one-day performance in three months, with Lloyds pushing banks lower after a downgrade by Goldman Sachs and miners tracking weaker metals ...

  • BUZZ-Gemfields: hits 4-mth high on strong results Reuters - UK Focus - Mon, Sep 26, 2016 09:48 BST

    ** Miner Gemfields up 3.3 pct, highest level since May and top gainer on FTSE AIM 100 index after reporting revenue in line with its forecasts ** FY revenue $193.1 mln, up 13 pct versus last year, profit ...

  • European shares fall as banking and energy stocks decline Reuters - UK Focus - Mon, Sep 26, 2016 08:58 BST

    European stocks fell on Monday, weighed down by a pullback in the shares of major banking and energy companies. The pan-European STOXX 600 index fell 1.4 percent. The index remains down by around 7 percent ...

  • Desperate for dividends but has Britain Plc been wrung dry? Telegraph - Sun, Sep 25, 2016 06:45 BST

    Desperate for dividends but has Britain Plc been wrung dry?

  • 'We profit from other investors' mistakes' Telegraph - Fri, Sep 23, 2016 15:56 BST

    'We profit from other investors' mistakes'

  • Will Sirius Minerals plc crash after its 132% rise in 2016? Fool.co.uk - Fri, Sep 23, 2016 13:24 BST

    Should you avoid Sirius Minerals plc (LON: SXX) and buy a larger resources peer?

  • Britain's FTSE retreats, Polymetal slumps Reuters - UK Focus - Fri, Sep 23, 2016 09:57 BST

    Britain's top shares index slipped lower on Friday, after a rally this week pushed it near its highest level for 2016, as a fall in Polymetal and other mining stocks weighed on the market. The blue-chip FTSE 100 index, which had risen for the last four sessions in a row to approach its 2016 peak of 6,955 points, was down …

  • BUZZ-UK housebuilders: brokers bullish Reuters - UK Focus - Fri, Sep 23, 2016 09:32 BST

    ** Liberum upgrades Persimmon to "buy" and reiterates "buy" for Bellway , Berkeley and MJ Gleeson ** Broker raises PT prices sector wide as sales have picked up and risks faded; it ...

  • Anglo American names new finance director Reuters - UK Focus - Fri, Sep 23, 2016 08:54 BST

    LONDON/BENGALURU, Sept 23 (Reuters) - Global mining company Anglo American Plc (LSE: AAL.L - news) on Friday named a new finance director with a track record in cost-cutting and debt reduction at Australian iron ore giant Fortescue. Anglo American has been among the companies hardest hit by a deep commodities slide that …

  • Global equities advance on Fed decision AFP - Thu, Sep 22, 2016 23:12 BST
    Global equities advance on Fed decision

    Among leading bourses, the gains were greatest in Paris and Frankfurt, with both climbing 2.3 percent

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