Citi sees 40% return on European equities to end-2016
1st Jun 2015 10:50
European shares are set to 'deliver' as economic recovery in the euro area gains traction and given that valuations are not currently expensive, contrary to what some observers say, a leading broker argued on Monday. In a research note entitled "El Toro - the European bull" analysts at Citi highligh
Read moreAberdeen Asset Management to buy Flag Capital Management
27th May 2015 16:16
Fund manager Aberdeen Asset Management has reached an agreement to buy American sector peer Flag Capital Management for an undisclosed amount. The US-based group, which focuses on US private equity and real assets, managed approximately $6.3bn in assets in the US and the Asia-Pacific region last yea
Read moreFTSE 100 movers: Fresnillo surges on strong output guidance, financials lower
18th May 2015 12:34
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, financials delivered the biggest drag, while energy stocks and miners provided a welcome boost. As of 13:30, the FTSE 100 was trading flat, just 1 point higher at 6,961 points. Fresn
Read moreFTSE 100 movers: ITV hit by strike and stiff BBC competition, miners lower
14th May 2015 12:56
UK stocks rebounded from early losses, but remained restrained by concerns of Greek instability. Sector wise, miners and technology services provided the biggest drag, while insurers and utilities gave a welcome boost. At 1:45 BST, the FTSE 100 was trading 12 points higher at 6,962. ITV declined a
Read moreFTSE 100 movers: Easyjet nose dives on strikes and currency headwinds, financials lower
12th May 2015 13:10
Budget airline Easyjet led fallers despite meeting guidance and swinging to a small profit in the first half, warning it is likely to face tougher conditions in the latter part of the year. The company saw its shares sink after saying that exchange-rate movements and air traffic control strikes in F
Read moreLondon close: Stocks erase gains despite Greek repayment, China rate cut
11th May 2015 16:40
After a positive start, UK stocks dropped into the red by the close on Monday despite positive news emanating from Greece, which has come good on its debt repayment to the International Monetary Fund (IMF). The FTSE 100 retreated 0.24% to 7,029.85 by the end of the session, having risen as high as 7
Read moreMonday broker round-up
11th May 2015 15:36
RBS: Credit Suisse reiterates underperform and 320p target. GlaxoSmithKline: Deutsche reiterates hold and lowers target to 1,540p from 1,600p. HSBC: Exane BNP reiterates underperform and 600p target. Lloyds: Credit Suisse reiterates neutral and 72p target. Sage Group: Goldman Sachs reiterates neu
Read moreFTSE 100 movers: Royal Mail surges on Whistl funding crisis
11th May 2015 13:32
Royal Mail topped the risers after rival postal firm Whistl revealed it has halted deliveries because private equity backer LDC had pulled out of funding to help expansion efforts. Whistl said it was reviewing the viability of its London, Manchester and Liverpool due to challenging market conditions
Read moreLondon midday: Miners rise on Chinese easing, but Greek concerns limit gains
11th May 2015 12:13
UK stocks rose on Monday with miners leading the way following a rate cut in China, though upside was limited on the back of continuing concerns about Greece. After a 2.3% surge on Friday following the Conservative election victory, the FTSE 100 was up a further 0.16% at 7,058.01 by midday, though i
Read moreBroker tips: Aberdeen, Centrica, Diploma
11th May 2015 11:11
Aberdeen Asset Management shares were hit by a downgrade at Societe Generale on Monday from 'buy' to 'hold' on the back of weaker fund flows in the first half. The bank has lowered its earnings per share (EPS) estimates for 2015 and 2016 by 4-6% and cut its target price from 490p to 485p. While SocG
Read moreSocGen downgrades Aberdeen on weaker fund flows
11th May 2015 09:59
Aberdeen Asset Management shares were hit by a downgrade at Societe Generale on Monday from 'buy' to 'hold' on the back of weaker fund flows in the first half. The bank has lowered its earnings per share (EPS) estimates for 2015 and 2016 by 4-6% and cut its target price from 490p to 485p. While Soc
Read moreFTSE 100 movers: Sainsbury plummets on first loss in decade, miners lower
6th May 2015 13:24
Sainsbury's led the fallers after swinging to its first annual loss in a decade, though results still came in ahead of analysts' expectations. The grocer reported a pre-tax of £72m for the year ended March, compared with a £898m profit previously, prompting it to slash it full-year dividend by 23.7%
Read moreBroker tips: Vodafone, Sainsbury's, Aberdeen, Greene King
6th May 2015 11:27
Exane BNP Paribas said it sees "much better times ahead" for Vodafone as it upgraded its view on the stock from 'neutral' to 'outperform'. "The combination of a dramatically improved proposition (both absolute and relative), the secular trend of increased data consumption and the benefits of an impr
Read moreRBC Capital Markets cuts Aberdeen Asset Management price target
6th May 2015 11:07
RBC Capital Markets cut its price target for Aberdeen Asset Management to 440p from 455p after it revised its estimates following the company's first-half results out on Tuesday. "Our core concerns remain ongoing high margin net outflows and the investment performance of key funds which are lagging
Read moreLondon close: FTSE hits one-month low as HSBC leads late sell-off
5th May 2015 16:47
Underwhelming results from banking heavyweight HSBC offset a late rally in the mining sector on Tuesday, with UK stock markets dropping into the red by the close. The FTSE 100, which rose to a high of 7,053.18 early on, finished down 58.37 points (-0.84%) at 6,927.58. This was the index's lowest clo
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