Gold miner Petropavlovsk has raised doubts over the true identity of a shareholder that is trying to oust its board.
(WebFG News) - BAE Systems: Berenberg upgrades to buy with a target price of 700p.
Russian gold miner Petropavlovsk has signed and fully executed a gold sales agreement with the nation's gas industry bank Gazprombank.
Gold miner Petropavlovsk announced the resignation of its chief financial officer Andrew Maruta on Friday, along with the appointment of former HSBC investment banker Adrian Coates to the position of independent non-executive director.
Following objections by a group of shareholders, Petropavlovsk announced that founder Peter Hambro would step down as executive chairman of the London-listed Russian gold miner.
Petropavlosk expected to close its debt restructuring with one of its main lenders, VTB, on Monday, the company said in a statement.
Petropavlovsk published a trading update for the six months to 30 June on Tuesday, in advance of its half-year interim results, which are due on 28 September.
Mary Ricks, president and chief executive of Kennedy Wilson, the manager of the Kennedy Wilson Europe Real Estate investment trust, has splashed out more than £216,000 to swell her stake in the property developer.
Russian gold producer Petropavlovsk swung to a first half loss but predicted higher second half production.
A further considerable improvement in UK public finances should be the main item of interest for macroeconomic data hounds on Tuesday, in an otherwise very quiet day for scheduled economic data.
Petropavlovsk, the London listed mining company, issued its audited 2014 results and provided investors with a production update for the first quarter.
Mining stocks were among the worst performers on Tuesday afternoon as investors booked profits after a strong showing the previous session.
Russian gold miner Petropavlovsk has completed its refinancing and reiterated its confidence in meeting 2015 production guidance.
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation.
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation.
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating.
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation.
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation.
Russian gold miner Petropavlovsk announced record first-half production and increased sales despite lower gold prices.
Following a fairly flat session in the US on Wednesday evening, the FTSE is set for a modest decline at Thursday's opening bell, as investors look ahead to a busy day of data and company news.