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FinnCap reiterated its “buy” rating, following the mining company’s third-quarter results, which showed production had fallen while costs had climbed. The grade of the gemstones produced was lower. Target price was maintained at 60p.
THE RESTAURANT GROUP
Numis reiterated its “buy” rating, and said this was a reflection of “strong like-for-like trading prospects” in 2015. The broker noted that falling food and fuel costs were benefiting the company directly” – as was customers seeing their incomes start to grow.
S&P Capital IQ moved to a “hold” rating from “buy” and noted that the company’s third-quarter management statement was “more cautious than general market expectations”, despite beverage can production increasing in the period, particularly in Europe.