SHAREHOLDERS of Finnish miner Talvivaara won’t like looking at a chart for the year – it shows a continuation of 2011’s sharp downtrend. The share price has recently plunged to new depths. Continual forecast downgrades and worries about commodity prices have hurt the stock, and it will take a significant turnaround in outlook for the company to revive faith in its operations, lest it be finished off by yet another poor update. IG’s price on Talvivaara is 143p-145p.
Standard Chartered has had a challenging time of it. Having been branded a rogue institution by a US regulator, the bank faces a fight for survival as it seeks to avert concerns and keep its US banking licence. The stock has lost one fifth of its value and any fundamental news may exert upward or downward pressure on the price. Spread Co quotes 1,336.97p-1,338.9p for Standard Chartered.
When the Irish building materials manufacturer CRH releases interim results today, investors will be looking to see if the company has turned the tide. The weak earnings momentum of recent years has been driven by the sluggish housing and construction sectors in Europe and the US. But with real estate prices showing some support in the US, construction spending may see a rebound. The interim results will also give details of the company’s recent acquisitions in India. IG Index quotes a 1,216p-1,219p for CRH.
Resolution will release second quarter results on Wednesday and investors will be keen to see the outcome of the insurer’s launch of its asset management business, Friends Life Investments, with an estimated £6bn of assets under management. IG Index quotes 216.4p-216.6p for Resolution.