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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%
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28 Nov 2018 12:40

Amur Minerals Issues 3.6 Million Shares To Settle Loan Interests (ALLISS)

LONDON (Alliance News) - Amur Minerals Corp said Wednesday it issued 3.6 million shares to Cuart Investments PCC Ltd and YA II PN Ltd in settlement of interests related to a convertible loan to an

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19 Nov 2018 10:27

Amur lays out strategic plan at Kun-Manie, looks for partners

(Sharecast News) - Nickel-copper sulphide mineral exploration and development company Amur Minerals Corporation updated the market on its fully integrated strategic plan for its Kun-Manie nickel copper sulphide project on Monday.

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5 Nov 2018 10:34

Amur Minerals Completes All Objectives In 2018 Drilling Programme

LONDON (Alliance News) - Amur Minerals Corp said Monday its 2018 drill programme at its nickel copper sulphide Kun-Manie mine in east Russia has been completed "with all objectives objectives

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28 Sep 2018 14:12

Amur Minerals Swings To Interim Loss On Increased Finance Costs

LONDON (Alliance News) - Amur Minerals Corp on Friday reported a swing to a loss on increased finance costs and no gain on fair-value movements on derivative financial instruments.In the to

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19 Sep 2018 15:00

August Drilling Connects Orebodies At Amur's Kun-Manie Copper Project

LONDON (Alliance News) - Amur Minerals Corp on Wednesday said August drilling at its Kun-Manie nickel copper sulphide project in Russia has connected the two key orebodies.Shares in the up

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30 Aug 2018 16:26

Amur Minerals Settles USD203,835 Loan Interest Through Share Issue (ALLISS)

LONDON (Alliance News) - Russia-focused exploration company Amur Minerals Corp said Thursday it has issued 4.7 million shares to Cuart Investments PCC Ltd and YA II PN LTD to settle USD203,835 of

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16 Aug 2018 13:46

Amur Minerals Approaching End Of Current Kun-Manie Drilling Work

LONDON (Alliance News) - Amur Minerals Corp on Thursday said it has made good progress on meeting its targets for its current drill programme at Kun-Manie.Amur is currently drilling at the

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23 Jul 2018 13:56

Amur Minerals' shares boosted following shipping collaboration with GEFCO

(Sharecast News) - Nickel-copper sulphide mineral exploration and resource development firm Amur Minerals saw its shares jump on Monday after it entered into a memorandum of collaboration with GEFCO LLC.

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23 Jul 2018 10:49

Amur Minerals Enters Cooperation With Supply Chain Company

LONDON (Alliance News) - Russia-focused mineral exploration company Amur Minerals said Monday that it entered into a memorandum of cooperation with supply chain company GEFCO LLC.The will

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5 Jul 2018 13:06

Amur Minerals Shares Up As It Passes Halfway Point In Drill Programme

LONDON (Alliance News) - Nickel and copper sulphide miner Amur Minerals Corp said Thursday it has completed a total of 66 holes, or 10.81 kilometres, at the end of June, in its 20.30 kilometre at

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20 Jun 2018 11:01

Amur Minerals Issues 3.5 Million Shares Following Loan Conversion (ALLISS)

LONDON (Alliance News) - Amur Minerals Corp on Wednesday said it issued 3.5 million shares to an investor group in settlement of USD197,753 of principal and accrued interest.Back in the a a

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13 Jun 2018 13:25

Amur Minerals Close To Concluding Drilling Programme For May

LONDON (Alliance News) - Nickel-copper sulphide mining firm Amur Minerals Corp said on Wednesday it has drilled a total of 5.1 kilometres through 41 drill holes at the Kun-Manie project in were at

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2 May 2018 13:12

Amur Minerals Says Kun-Manie Costs To Be Amongst Industry's Lowest

LONDON (Alliance News) - Resources firm Amur Minerals Corp said Wednesday its recent cost estimate would place among the ten lowest cost nickel producers.Its in-house C1 cost estimate per a

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26 Apr 2018 18:00

Amur Minerals Issues 3.6 Million Shares Following Loan Conversion (ALLISS)

LONDON (Alliance News) - Amur Minerals Corp said on Thursday it has raised 3.6 million shares to Cuart Invests PCC Ltd and YA II PN Ltd for the settlement of USD200,263 in principal and accrued in

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20 Mar 2018 10:43

Amur Minerals Boosts Kun-Manie Mineral Resource Estimate By 50%

LONDON (Alliance News) - Shares in Amur Minerals Corp surged on Tuesday as the firm reported a 50% increase to the mineral resource estimate at its Kun-Manie shares were up on

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