Tuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
Read moreDirector dealings: Anglo's Cutifani dips in, Mills's takes more profits at Gleeson
15th Mar 2016 15:04
(ShareCast News) - Mark Cutifani, chief executive of Anglo American, has spent £220,000 buying shares in the troubled mining company. The Australian, whose annual bonus was revealed on Monday to have shrunk 40% due to the company's tumbling share price, bought 40,000 ordinary shares of at a pr
Read moreFTSE 100 movers: RBS up on job cuts, miners suffer
15th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was in the red in afternoon trading on Tuesday, off the back of lower oil prices and predictions from OPEC that global demand for the cartel's crude would be less than previously expected in 2016. Leading the risers was Royal Bank of Scotland, which had revealed furth
Read moreFTSE 100 movers: Anglo American up while Admiral slumps
14th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge. Embattled miner Anglo American was among the leaders, after news its boss Mark Cutifani took home a smaller pay cheque in 2015
Read moreBroker tips: Imagination Technologies, M&S, Anglo American
11th Mar 2016 11:04
(ShareCast News) - Imagination Technologies surged on Friday after N+1 Singer upgraded the stock to 'buy' from 'hold' and lifted the price target to 191p from 151p following a visit to the company's headquarters in Kings Langley. In its last note, N+1 outlined a scenario where the group reduced rese
Read moreExane downgrades Anglo American, Antofagasta on valuation
11th Mar 2016 09:14
(ShareCast News) - Exane BNP Paribas downgraded Anglo American to 'underperform' from 'neutral' on valuation grounds and to reflect challenges associated with restructuring plans. It also downgraded South32 and Antofagasta to 'neutral' from 'outperform', both on vauation grounds. The bank said sent
Read moreUBS downgrades Anglo American, says risk/reward not compelling
7th Mar 2016 07:52
(ShareCast News) - UBS downgraded Anglo American to 'sell' from 'neutral' saying the risk/reward was not attractive, but lifted the price target to 400p from 290p. The bank noted the shares are up 137% from the low in mid-January, outperforming the sector by around 85%. "We believe the outlook for
Read moreThursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreSunday newspaper round-up: Pound, GSK, Sainsbury's, HSBC
28th Feb 2016 17:29
(ShareCast News) - Sterling will fall to $1.28 by the end of 2016, its lowest level against the US dollar in three decades, currency strategists have cautioned. If Britain votes to leave the European Union the fall will be even worse, the Sunday Telegraph reported that Deutsche Bank analysts saw a f
Read moreFriday broker round-up
26th Feb 2016 14:05
(ShareCast News) - Burberry: Nomura upgrades to buy with a target price of 1500p. Anglo American: Canaccord downgrades to sell with a target price of 350. South32: UBS reiterates neutral with a target price of 67p, Citigroup stays at buy, 75p target and Exane BNP Paribas keeps at outperform, 70p ta
Read moreFTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreAnglo American credit rating cut to junk for third time this week
18th Feb 2016 10:55
(ShareCast News) - Anglo American's credit rating was cut to junk for the third time this week on Thursday. Standard & Poor's became the latest ratings agency to downgrade the miner, whose credit rating was cut to junk by Moody's on Monday and by Fitch on Wednesday. S&P cut the rating to BB from BB
Read moreBroker tips: Anglo American, Rolls Royce, Reckitt Benckiser
17th Feb 2016 12:38
(ShareCast News) - Anglo American surged as Deutsche Bank and Credit Suisse lifted their target prices on the stock following the company's full year results. On Tuesday, Anglo outlined its promised "radical" overhaul as it announced a pre-tax loss of $5.5bn after $3.8bn of write-down since the half
Read moreWednesday newspaper share tips: Anglo American, Spectris
17th Feb 2016 12:05
(ShareCast News) - Some of Anglo American's moves to right its financials smacked of panic, but there were deeper problems at the mining group, the Financial Times's Lex column said. Anglo American's boss, Mark Cutifani, announced an "unprecedented" $6bn asset disposal and cost savings programme to
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