Risers & Fallers courtesy of Spreadex

2 mins. to read


RandGold Resources
With the Federal Reserve refusing to taper their bond buying programme last night, this sent the price of Gold jumping which has helped shares in gold miners this morning. RandGold was top riser in the FTSE 100 with shares trading 10 percent higher on the open. They have since trimmed gains.

Glencore Xstrata
BNP Paribas upgrades Glencore Xstrata today to outperform from neutral and raises its price target to 410p from 345p. “With aggressive restructuring under way, Glencore Xstrata’s return profile is poised to make one of the fastest improvements among diversified miners in Europe,” says Exane. Says with an estimated 51% drop in its capex spend between 2013 and 2015, the group should see its free cash flow improve to 9.6% by 2015.

African Barrick Gold
Similar to RandGold Resources, ABG trades over 10 percent higher helped by an increase in the price of bullion. They have also appointed Andrew Wray as Chief Financial Officer, replacing Acting CFO Jaco Maritz.

Northgate PLC,
The light commercial vehicle rental business have announced they continue to trade in line with expectations, with vehicles on hire showing signs of stabilization. They announced that vehicle hires have risen for its UK and Spain business during May and September and continues its growth strategy.

Kirkland Lake Gold
Shares in Kirkland Lake Gold react to trade higher after they expanded its South Mine Complex in Ontario. The company said the latest results from its on-going underground diamond drilling exploration programme confirmed expansion at SMC and in particular the New South Zone on the HM claim and the North Amalgamated-Kirkland (North AK) claim.


Nomura cuts Tesco to neutral from buy whilst cutting its price from 430p to 400p.

The global security and outsourcing group, said Thursday it has been awarded a two year extension to its contract to provide aviation security at Baghdad International Airport, worth $22.5 million per annum. Shares in G4S trade a tad lower, one of the few FTSE 100 companies trading down on the day.

Landore Resources
Exploration company Landore Resources Limited have posted a significantly narrowed pre-tax loss for the first half of the year and said that it will continue to raise further equity as needed to carry out its exploration and development activities.

New World Oil and Gas
New World Oil and Gas has reported a significantly widened pre-tax loss, primarily due to a large charge relating to dry wells, and said that it is currently conducting talks with possible farm-in or joint venture partners for both Belize and Denmark.

Rare Earth Minerals, down 7%
The rare earth minerals and metals investment company have announced the appointment of Kiran Mozaria as Chief Executive Officer and Donald Strang as Finance Director of the Company. They also announced the departure of Richard Griffiths who will step down as non-executive director.

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