Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMC.L Share News (AMC)

  • There is currently no data for AMC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sector movers: Supermarkets and food retailers nudge London market higher

Wed, 10th Jun 2015 15:57

Healthy trading in supermarket and food related stocks led the London market back into the green on Wednesday.The blue chip FTSE 100 closed up by 1.13% or 76.47 points at 6,830.27 points having been greeted by positive news from supermarkets. Market leader Tesco (up 4.63%) saw its shares surge on reports it has invited at least six firms including KKR and Carlyle Group to bid for its South Korean unit Homeplus, which is valued at about $6bn.According to people familiar with the matter cited by Reuters, London-based CVC Capital Partners, Hong Kong-based Affinity Equity Partners and Asia-focused MBK Partners were also invited to bid.Additionally, rival Sainsbury's (up 0.62%) made modest gains, as its first quarter sales came in slightly better than expected. The 2.1% fall in like-for-like sales for the 12 weeks to 6 June, excluding fuel, beat analysts' expectations for a 2.3% decline.The positivity fed through to the wider market with Morrisons (up 4.96%), along with other retailers Associated British Foods (up 5.35%), Ocado (up 5.69%) and Home Retail (up 5.63%) all trading higher.Mining and materials stocks reversed some, if not all, of the losses they incurred as the base metals markets, excepting tin (down 0.3%), generally saw improved trading on the London Metal Exchange.Anglo American (up 2.50%), Antofagasta (up 1.31%), BHP Billiton (up 2.55%), Fresnillo (up 3.15%), Glencore (up 1.82%) and Vedanta (up 4.10%) led the recovery, even though iron ore related mining stocks continued to suffer. Acacia Mining (up 4.58%) was the top FTSE 250 riser in the segment, ending the session up 13.50p or 4.58% at 308.20p.Finally, small cap Amur Minerals provided also provided a footnote. Following the issue of its production licence for the Kun Manie nickel copper sulphide deposit, the company's shares closed up 1.75p or 5.98% at 31p.Top five sectorsFood & Drug Retailers 3,101.31 +132.81 +4.47%Food Producers 8,015.55 +266.95 +3.45% Construction & Materials 4,941.27 +101.73 +2.10%Mining 13,752.97 +281.21 +2.09% Household Goods & Home Construction 15,210.42 +272.75 +1.83%
More News
10 Mar 2014 10:59

Amur Minerals Moves Closer Toward Zeppelin Transport Plan

LONDON (Alliance News) - Amur Minerals Corp Monday said it has entered into a memorandum of understanding with Aeroscraft Corp to explore the possibility of using Aeros's heavy-lift vehicles for transport operations in the far east of Russia. The Russia-focused nickel-copper sulphide minera

Read more
29 Jan 2014 09:38

Amur Minerals Says Set To Benefit From Russia Tax Cuts

LONDON (Alliance News) - Amur Minerals Corp Wednesday said its Kun-Manie nickel-copper project in the far east of Russia is set to benefit after the Russian government cut the country's Mineral Resources Extraction Tax and its Profits Tax. The Mineral Resources Extraction Tax was a flat 8%

Read more
11 Oct 2013 08:48

Amur Minerals Completes 2013 Drill Programme As It Moves Toward Russia License

Read more
11 Oct 2013 07:09

Amur minerals completes Kubuk drilling

Amur Minerals has completed its exploration field season at its Kun-Manie project in Russia. The company has drilled to a 900 metre long deposit at Kubuk, where 26 of 31 holes contain potentially economic grades of nickel and copper. On Tuesday the miner completed 32 diamond core holes and a total

Read more
30 Sep 2013 08:51

Amur Minerals Pretax Loss Narrows On Fair-Value Asset Gains

Read more
12 Sep 2013 10:30

Amur Minerals Mining License Application Passes 2 Russian Hurdles

Read more
28 Jun 2013 11:00

Amur Minerals has cash and expects exciting times ahead

Russian nickel and copper developer Amur Minerals revealed it still has more than $2m cash after drilling 7,200 metres in the last year. Amur, which is expecting its mining licence this year, increased the known areas of mineralisation at its Maly Kurumkon and Ikenskoe ore bodies of its Kun-Manie

Read more
12 Jun 2013 09:43

Amur Minerals commences first stage of drilling at Kun-Manie

AIM-listed mineral exploration and resource development company Amur Minerals, has initiated its 6,000 metre 2013 drill campaign at its Kun-Manie exploration licence. The company reported that the first stage of drilling had been initiated at the company's Kubuk target within the Kun-Manie explora

Read more
24 May 2013 08:28

Amur Minerals advances on Kun-Manie mining licence progress

Amur Minerals, the exploration and development company focused on Far East Russia, has received formal notification that the Federal Agency on Subsoil Use (Rosnedra) has completed calculation of the one-time payment to convert a portion of its exploration licence to a mining licence on its Kun-Manie

Read more
23 Apr 2013 16:26

Wessex Exploration directors keep the faith

Three directors at Wessex Exploration have demonstrated their support for the oil and gas group after it said no hydrocarbons were found at the GM-ES-3 well in French Guiana. Drilling activities have been terminated and the well is being plugged and abandoned, the firm said. The biggest purchase

Read more
19 Apr 2013 12:47

Amur Minerals prepares drilling of Kun-Manie nickel-copper mine

Amur Minerals Corporation's shares rose Friday after the miner announced it the completion of restocking at its Kun-Manie nickel-copper sulphide project in Russia. The delivery of more than 200 tonnes of fuel, supplies, spare parts and materials will allow the company to begin 6,000 metres of dril

Read more
25 Mar 2013 07:12

Monday broker round-up UPDATE

Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3

Read more
22 Mar 2013 10:55

Amur Minerals jumps on hopes of project approval in Russia

Amur Minerals Corporation's shares rocketed Friday after the nickel-copper sulphide miner announced progress on its Kun-Manie project in Blagoveshchensk, Russia. The company said the application for its mining licence is under review by the Ministry of Natural Resources. Approvals from the Mini

Read more
20 Mar 2013 10:55

Amur Minerals advances on approval of Russian development

Amur Minerals Corporation's shares surged Wednesday after the nickel-copper sulphide exploration company said the Russian government accepted a regional development plan in the country's Far East. The plan, which comprises the Kun Manie nickel project, includes an 11trn rouble investment in the reg

Read more
6 Mar 2013 14:39

Amur Minerals completes construction of ice road

Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company, has completed the construction of its winter ice road from the Baikal - Amur rail siding to its Kun-Manie project. The road is constructed every year and is used by the comnpany to restock the

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.