MARKET PULSE
17 Feb
Friday broker round-up
astrazeneca

AstraZeneca: Jefferies reiterates Buy with a target price of 5250p.

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17 Feb
Brave Bison warns 2017 revenue will be lower than last year
Money coins pound

Shares in Brave Bison fell after the online video and marketing firm warned that revenue in 2017 will be “substantially lower” than 2016 due to two material contract losses at the end of last year and the potential discontinuation of certain low margin business.

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17 Feb
Herencia Resources only funded until end of month
Money pounds sterling

Herencia Resources confirmed on Friday that, following “prudent cash management” and an ongoing working understanding with creditors, it believes its working capital position remains satisfactory until the end of February.

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17 Feb
Cambria Africa raises just 13pc of target in two month offer
libra pound 150

Cambria Africa confirmed the result of its open offer and the conversion of VAL's loan into Cambria ordinary shares on Friday, having initially announcing the offer to qualifying shareholders on 28 November in a bid to raise up to £1. 25m.

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17 Feb
Asa Resources performs below par in third quarter
libra, esterlina, divisa, moneda, reino unido pound currency

Asa Resource Group posted an update on operations and exploration activity for the quarter to 31 December on Friday, with old production and sales 3% lower at Zimbabwe’s Freda Rebecca Gold Mine, at 15,365oz.

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17 Feb
Broker tips: Mondi, Inmarsat
Mondi

JPMorgan Cazenove upgraded paper and packaging company Mondi to ‘overweight’ from ‘neutral’ and lifted the price target to 2,070p from 1,600p.

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17 Feb
Landore posts maiden resource estimate for BAM
Gold bars, coins, mining, metals

Landore Resources posted the maiden mineral resource estimate and report for the BAM East Gold Deposit on its Junior Lake Property, Ontario, Canada on Friday.

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17 Feb
Holders Technology manages through 'difficult year'
money

Printed circuit board laminate and LED solutions supplier Holders Technology announced its audited results for the year ended 30 November on Friday, saying both its PCB and LED segments achieved modest revenue growth in the year, with margins maintained.

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17 Feb
Asia report: Markets mostly lower as Samsung chief is arrested
ep samsung electronics ise 2016

Most Asian markets finished lower on Friday, with Samsung Group at the fore of traders’ minds in the region as its chief was arrested over his alleged role in the cash-for-influence corruption scandal surrounding impeached President Park Geun-hye.

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17 Feb
Europe midday: Stocks in the red after recent gains
europe germany map france uk britain spain

European stocks were in the red on Friday, struggling for direction after US markets came off their highs in the previous session.

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17 Feb
London midday: Stocks nudge up as pound drops on retail sales data
London Stock Exchange AIM LSE shares

London stocks nudged higher, while the pound lost ground against the dollar after data showed UK retail sales fell again in January.

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17 Feb
Samsung boss arrested in South Korean corruption scandal
procedure-judiciaire-de-samsung-bioepis-contre-abbvie

The de-facto head of South Korean electronics firm Samsung has been arrested on charges of bribery related to the ongoing corruption scandal in the country.

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17 Feb
Thor Mining completes sale of Australian gold project
gold nuggets

Thor Mining has completed the sale of its Australian gold project to miner PC Gold in order to start drill programmes at other projects.

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17 Feb
Agriterra narrows losses per share in tough trading
Money cash dollars

African agricultural company Agriterra announced its results for the six months to 30 November 2016 on Friday, with revenue from continuing operations falling to $8. 1m from $9. 4m year-on-year.

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17 Feb
Inmarsat to stop growing divi, UBS says
Satellite, space, communications

Analysts at UBS slashed their target price on stock of Inmarsat on expectations the company would stop increasing its dividend payout.

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17 Feb
UK retail sales unexpectedly drop as inflation weighs
John Lewis at St Pancras International station, London; retail

Retail sales in the UK unexpectedly fell in January, according to the latest figures from the Office for National Statistics, a sign that consumers are beginning to feel the squeeze amid a rise in inflation.

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17 Feb
US pre-open: Stocks seen slightly lower ahead of long weekend
New York Stock Exchange, markets, traders, USA, stocks, shares, Wall Street. Photo: Pete Bellis

US futures pointed to a slightly weaker open on Friday after Wall Street’s seven-day winning streak came to an end in the previous session, with investors likely to be winding down ahead of the long weekend.

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17 Feb
Eurozone construction output dips 0.2% in December
comisioneuropea_630 European Commission

Construction output in the eurozone fell 0. 2% on the month in December compared to a 0. 4% jump in November, according to figures released by Eurostat on Friday.

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17 Feb
Jersey Oil & Gas expects North Sea rig to start drilling in summer
North Sea rig

AIM-listed Jersey Oil & Gas expects that its rig in the North Sea will start drilling a well in the summer.

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17 Feb
European Metals finds 'substantial' increase in lithium resource at Czech mine
mine

Miner European Metals found that there is a “substantial” increase in indicated resource at its lithium and tin project in the Czech Republic, following a seven month drilling programme.

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