SHAREHOLDERS in copper miner Antofagasta have had a mixed year, with the current rally hitting a solid rock around the £13.50 mark. Although production updates point to continued progress, doubts still persist whether the company can meet its full-year target. A slowing Chinese economy continues to cast a long shadow over the share price. IG quotes a price of £12.48-£12.52 for Antofagasta.
Energy company SSE may have taken the lead in slashing its complex tariffs, but it was the first to hike prices last month. Traders will be keen on seeing how tariff simplification has affected its bottom line when the company reports interim results tomorrow. GFT Markets quotes a price of 1,393.6p-1,397.4p for SSE.
Vodafone is expected to announce a decline in its half-year revenues when it reports on Friday. The mobile phone giant is playing catch with EE after the latter’s 4G launch in the UK. However, there has been buying action near six-month lows around 166p, as traders believe that the stock will claw its way back upwards. Spreadex quotes a price of 166.2p-166.7p for Vodafone.
Traders are expecting a respectable set of numbers from Carphone Warehouse Group when it reports its interim results tomorrow. The company has increased its marketing spend and management seem to be focused on its European business. Sales of the new iPhone5 are likely to have given the company a boost. The product pipeline has also improved, particularly for prepay phones. But traders will want clarification about its relationship with American retailer Best Buy. ETX Capital quotes a price of 175.54p-177.71p for Carphone Warehouse Group.