Tuesday broker round-up UPDATE
23rd Apr 2013 07:40
Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation. Aveva Group: Sanlam Securities upgrades from sell to hold with an unchanged target price of 1980p. Bank of Georgia: Bank of America raises target price from 1443.60p to 1765p, but downgrade
Read moreLondon pre-open: FTSE edges higher ahead of Eurozone data
23rd Apr 2013 07:25
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,281, as investors balance expectations of Eurozone data with figures out from the US yesterday and China last night. Overnight China's composite index showed manufacturing was down 2.12% to 2,194, while in the St
Read moreAssociated British Foods profits increase on Primark sales
23rd Apr 2013 07:09
Associated British Foods (ABF) reported a 10 per cent rise in half-year revenue driven by sales at its clothing retail subsidiary Primark. Group revenue came to £6.3bn for the six months to March 2nd, and adjusted operating profit was 20% ahead of the previous year at £496m. Adjusted profit before
Read moreTuesday preview: Associated British Foods unveils first-half results
22nd Apr 2013 15:19
Associated British Foods' (ABF) results on Tuesday will reflect a surge in international sales growth at its clothing retail arm Primark, according to analysts. The FTSE 100 company will release its half-year report on Thursday which is expected to show a 44% jump in profits to £222m at Primark - c
Read moreLondon close: FTSE 100 falls for third day straight despite mining strength
16th Apr 2013 16:33
The resource-heavy FTSE 100 finished Tuesday's session in the red despite some big gains in the mining sector, as concerns about global growth and a disappointing reading of German sentiment provided a drag on sentiment. This marks the third consecutive decline for London's benchmark index. Market
Read moreFTSE 100 movers: ARM falls on reaffirmed 'sell' rating
16th Apr 2013 15:06
Chip designer ARM Holdings was the biggest faller after Societe Generale reiterated its bearish 'sell' rating on the stock. That comes on the back of slowing growth trends for the two leading smartphone makers. "We estimate that to justify the current share price ARM needs to maintain over 15 per ce
Read moreLondon midday: Markets extend losses after Boston tragedy, German ZEW survey
16th Apr 2013 11:33
The FTSE 100 looked set to register its third straight decline by Tuesday lunchtime, extending heavy losses made the day before as mining stocks were hammered by slowing growth in China. While miners were doing their best to rebound this morning, markets on the whole were on the cautious side as i
Read moreBroker tips: SSE, AB Foods, GKN
16th Apr 2013 10:44
Investec has lowered its recommendation for utilities giant SSE from 'buy' to 'hold' following the stock's recent strong performance that has taken it beyond the target price of 1,520p. Nevertheless, the broker said its positive view about the business remains intact. "The investment case for SSE
Read moreBroker snap: Credit Suisse cuts AB Foods to 'neutral'
16th Apr 2013 10:23
The re-rating at Associated British Foods (ABF) is now complete, according to Credit Suisse which downgraded its rating for the stock from 'outperform' to 'neutral' on Tuesday. The broker however has hiked its target price from 1,650p to 1,850p for the food ingredients and Primark owner, in line wi
Read moreLondon open: FTSE 100 on track for third consecutive fall
16th Apr 2013 08:23
Mining stocks were making moderate gains on Tuesday morning, attempting to recover after the heavy sell-off the day before, but the FTSE 100 still opened in the red, on track for its third straight day of losses. Markets were on the cautious side this morning as investors awoke to the news of fatal
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
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