Tuesday broker round-up - UPDATE
17th Jan 2012 09:15
IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main
Read moreThursday broker round-up - UPDATE
12th Jan 2012 09:08
Reckitt Benckiser: J.P. Morgan Cazenove downgrades to neutral from overweight. Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged. Royal Bank of Scotland: Shore Capital reiterates sell. Tesco: Shore Capital downgrades to hold fr
Read moreFTSE 100 Movers: Miners drag footsie lower
12th Dec 2011 15:07
Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), hit the bottom spot on reports that it is said to be examining allegations of corruption at a Kazakh iron ore subsidiary - although denied on Sunday that it was the subject of a formal investigation by Britain's Serious Fraud Office (SFO),
Read moreMonday broker round-up - UPDATE
12th Dec 2011 09:30
Xstrata: UBS cuts target from 1,550p to 1,450p, buy rating unchanged AstraZeneca: Credit Suisse reiterates underperform rating and 2,600p target. Standard Chartered: Investec reduces target from 1,650p to 1,550p, hold rating maintained. British American Tobacco: Investec raises target from 3,100p
Read moreReckitt Benckiser director sells £13.3m of shares
30th Nov 2011 16:52
The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm. Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107. Towards the end of October the firm, which makes a number
Read moreLloyds director buys up shares
23rd Nov 2011 16:42
Glen Moreno, a non-executive director at banking giant Lloyds, has dipped into his savings to buy £44,180-worth of shares. The 68-year-old, who joined the board in March 2010, purchased 200,000 shares at 22.09p each. Moreno is also the chairman of Pearson, the media group, and director of Fideli
Read moreAB Foods to step up Indian expansion
22nd Nov 2011 15:03
Associated British Foods, the FTSE 100 foods manufacturer, was among the best performers of the day on Tuesday, a day after announcing plans to give its Indian operations a boost. The company - famous for its well-known bread brands such as Allinson, Kingsmill and Sunblest - was trading 2.4% higher
Read moreFTSE 100 Movers: IAG flying low
22nd Nov 2011 14:40
It was bad news all round for the travel industry, as shares in International Consolidated Airlines lost over 4% after Iberia, which operates under IAG, let it be known that it is facing potential strike action from workers, over the firm's plans to launch a new airline next year. Heading in the o
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreLondon midday: Lloyds leads the way
8th Nov 2011 12:32
There has been no shortage of company announcements to keep investor occupied while they await the outcome of the keenly awaited vote in the Italian parliament this afternoon, which could determine whether Silvio Berlusconi continues his charmed life as Italian Prime Minister. PUNTERS BACK THE BLAC
Read moreLondon open: Thumbs-up for Lloyds
8th Nov 2011 08:44
It has been a hectic morning for big company announcements, busy enough to distract traders from events in the Eurozone. Eight of the FTSE 100 companies have made trading updates already, while insurance giant Prudential is set to weigh in with his third quarter update at 9:00am. Part-nationalised
Read moreLondon pre-open: Lloyds plays 'pick a number'
8th Nov 2011 07:34
London is set to make a quiet start, possibly because traders are trying to determine which numbers to focus on in the trading update this morning from Lloyds Banking. City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,527. Part-nationalised lender Lloyds Banking
Read moreAB Foods beats expectations despite Primark dip
8th Nov 2011 07:27
Despite giving a very detailed trading update as recently as mid-September, Associated British Foods, the owner of Primark, still managed to surprise on the upside with its full-year results. The international food, ingredients and retail group, which operates in 46 countries, said revenues went up
Read moreTuesday preview: Lloyds, M&S, AB Foods, Prudential
7th Nov 2011 18:03
Temporary chief executive Tim Tookey will no doubt be handling conference call duties on Tuesday after the release of third quarter figures from part-nationalised lender Lloyds Banking. Tookey, the group's chief financial officer, is standing in for António Horta-Osório, while the Portuguese boss re
Read moreDigital Look broker talk -UPDATE
7th Nov 2011 09:37
RBS: "At c0.45x TBV, the shares already discount a lot of negative news. The group prospects are uncertain and vulnerable to downturns in the economy and financial markets. Our recommendations of Barclays and the two Far Eastern banks are more analysable. However, RBS does now look oversold to us, e
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