Tuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read moreLondon open: Markets edge lower on mixed corporate updates
5th Nov 2013 08:23
- RSA, G4S lead losses after updates - Shire, M&S provide some support to markets - Economic data in focus techMARK 2,650.20 -0.04% FTSE 100 6,755.11 -0.13% FTSE 250 15,451.03 -0.11% UK markets opened slightly lower on Tuesday as investors digested a raft of mixed corporate updates from some heavy
Read moreLondon pre-open: Stocks to rise ahead of UK data
5th Nov 2013 07:25
City sources predict the FTSE 100 will open around 16 points higher than yesterday's close of 6,764, with modest gains in the US and a mixed performance across Asia seen overnight. The gains in the US were driven in part by encouraging earnings from the likes of Kellog Co., and saw investors shrug
Read moreAB Foods full-year results exceed expectations, strong Primark
5th Nov 2013 07:03
- Full-year results beat expectations - Stunning Primark performance, weaker Sugar trading - Earnings per share for year ahead expected to be similar to 2013 - 2014 EPS outlook implies progress elsewhere, Credit Suisse says Associated British Foods delivered a better-than-expected set of annual re
Read moreTuesday preview: UK data released as M&S and ABF report results
4th Nov 2013 14:42
A flood of UK economic data will be released on Tuesday including house prices, retail sales and services activity. Halifax will say house prices rose by 0.9% in October compared to an increase of 0.3% the month before, according to consensus. The British Retail Consortium's sales figures are exp
Read moreWednesday broker round-up UPDATE
30th Oct 2013 08:28
African Barrick Gold: Investec places its target price (prev.: 137p) under review and keeps a sell recommendation. Canaccord Genuity upgrades from sell to hold with an unchanged target price of 125p. AMEC: Goldman Sachs cuts target price from 1248p to 1227p, while keeping its buy recommendation. A
Read moreFTSE 100 movers: Johnson Matthey tops leaders after upgrade
14th Oct 2013 14:37
The share price of chemicals group Johnson Matthey jumped on Monday after the stock was upgraded by JPMorgan Cazenove from 'neutral' to 'overweight'. The US bank hiked its target price for the shares from 2,800p to 4,000p, saying that it sees "major potential from a swathe of new global industrial c
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreFTSE 100 movers: BG falls after warning on Egypt
9th Sep 2013 18:29
Oil and gas group BG was a heavy faller today after lowering its 2014 production milestones due to the instability in Egypt, delays to the start-up of production in Norway and low natural gas prices in the US. Food ingredients peer and retail group Associated British Foods was also lower despite s
Read moreLondon close: BG Group drags FTSE 100 lower, Syria concerns weigh
9th Sep 2013 17:44
The FTSE 100 dropped into the red on Monday, pulling back after hitting a three-week high the previous session, as heavy falls from natural gas giant BG Group and ongoing concerns about Syria pressured stocks lower. London's benchmark index finished 16.59 points lower at 6,530.74, falling 0.25% fro
Read moreLondon midday: Stocks hit by Syria concerns, BG Group drops
9th Sep 2013 11:29
Markets shrugged off improving economic data from Asia on Monday morning with stocks falling into the red on concerns over a potential Western military intervention in Syria. Syria will be in firm focus this week ahead of a vote by US Congress over whether or not to proceed with a military attack a
Read moreBroker tips: BG Group, AB Foods, Tate & Lyle
9th Sep 2013 11:03
Investec has placed its estimate for BG Group under review and maintained its negative stance on the stock after the natural gas firm scaled back its production guidance for next year. "We expect to cut our forecasts by 3-4%. Despite strong earnings and cash flow growth, on our current forecasts BG
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
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