Intercontinental Hotels: JP Morgan upgraded to neutral with a target price of 4,350p.
Analysts at RBC Capital Markets said Glencore's settlement in its dispute over royalty payments to former business partner Dan Gertler further reduced near-term risks to its assets in the Democratic Republic of Congo.
Glencore, along with Katanga Mining, said on Friday that it has determined that its "only viable option" to avoid the material risk of seizure of its assets under Democratic Republic of the Congo court orders would be for its subsidiaries Mutanda and KCC to pay relevant royalties as and when they become due to Ventora in non-US dollars, without involving US persons, in order to discharge their obligations under the terms of the pre-existing contracts.
Oxford Instruments: Berenberg upgrades to buy with a target price of 1,180p.
Tate & Lyle: Jefferies downgrades to hold with a target price of 700p.
Glencore's Katanga Mining subsidiary has settled a legal dispute with its state-owned joint venture partner in Democratic Republic of the Congo that threatened to dissolve Katanga's DRC operating subsidiary Kamoto Copper Company (KCC).
Analysts at Citi reiterated their 'buy' recommendation and 1040p target price for shares of Kaz Minerals on Monday, welcoming Non Ferrous China's decision to take a 19.4% stake in the Koksay project, telling clients it would help to share the risks and capital expenditure arising from that next stage growth option.
Congolese-American businessman and convicted fraudster Charles Brown has resurrected a lawsuit against mining giant Glencore, claiming he was owed $1bn in compensation for a 19% stake he previously held in Mutanda Mining, the world's biggest cobalt miner.
London's FTSE 100 index lost ground on Tuesday as financial stocks and oil majors BP and Shell, some of the biggest sector weightings in the index, proved a drag.
Glencore's shares were well into the red on Friday afternoon, as reports emerged that the Serious Fraud Office was making preparations to open a formal investigation into the company, over its work with the leader of the Democratic Republic of the Congo and Israeli billionaire Dan Gertler.
Glencore said production in its first quarter was largely in line with expectations across all commodity groups on Thursday morning, keeping its full year guidance unchanged from what it presented in February.
Complications at mining giant Glencore continue to mount following the freezing of its assets in the Democratic Republic of the Congo as a result of a $3.0bn claim from an Israeli businessman, leading analysts at RBC Capital Markets to reassess their stance.
(WebFG News) - Glencore's 74.4% subsidiary Katanga Mining announced on Monday that its Democratic Republic of the Congo state-owned joint venture partner, La Générale des Carrières et des Mines (Gécamines) in its 75% operating subsidiary Kamoto Copper Company (KCC), has commenced legal proceedings to dissolve KCC.
(WebFG News) - Mining industry representatives in the Democratic Republic of Congo said on Monday that they are "hopeful" that their current engagement with Civil Society, a member of the Mining Code Revision Tri-Partite group and other key interest groups, would contribute to a "better understanding" of certain issues that needed to be addressed before the country's new mining code was implemented.
1700:Close A weaker-than-expected reading on UK consumer prices saw the pound fall back and the Footsie jump, but with buying very much concentrated on the Basic Resources space.
Analysts at RBC Capital took a fresh look at mining giant Glencore on Tuesday, arguing that the market reaction to the new Russian sanctions provided an "even better" entry point to its 'top pick' in the sector.
Ascential plc: Berenberg downgrades to hold with a target price of 400p.
Glencore chief executive Ivan Glasenberg has resigned as a director of Russian aluminium producer Rusal after the US imposed sanctions against Kremlin-backed companies and oligarchs.
Washington decided at the weekend to take aim at several publicly-traded Russian companies in protest over the Moscow's actions for the first time, sending their shares crashing.
Tesco plc: Berenberg upgrades to buy with a target price of 255p.