FTSE 100 movers: Standard Life soars after beating analyst expectations
24th Apr 2013 15:09
Insurance giant Standard Life was a strong riser after beating analysts' predictions in the first quarter after delivering strong sales and group assets under administration. The group recorded a 24% increase in long-term savings sales to £6.3bn and a 26% increase in long-term savings net flows to
Read moreLondon midday: Stocks flat as ECB rate cut speculation ramps up
24th Apr 2013 11:49
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreFTSE 100 movers: Johnson Matthey share lifted by Credit Suisse
12th Apr 2013 15:34
Johnson Matthey shares were lifted by Credit Suisse, in which it said the speciality chemical makers is in a better position than its peers in Europe in terms of its position within the industry. The broker reiterated its 'outperform' rating on the stock. Aggreko shares got a boost after Jefferies
Read moreLondon midday: FTSE 100 snaps four-day winning streak
12th Apr 2013 11:55
The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
Read moreBroker tips: Aggreko, Croda, Debenhams
12th Apr 2013 10:44
There will be no upgrades yet for Aggreko after a decent first quarter, but upside risk is building, according to Jefferies which reiterated its 'buy' rating and 2,200p target price for the stock. "We estimate that the new strategic plan implies a five-year 15% earnings per share (EPS) compound ann
Read moreBroker snap: Aggreko makes 'good start' but no upgrades yet, says Jefferies
12th Apr 2013 09:39
There will be no upgrades yet for Aggreko after a decent first quarter, but upside risk is building, according to Jefferies which reiterated its 'buy' rating and 2,200p target price for the stock. Underlying revenue growth in the first quarter was 8.0%, the company said on Friday morning, well ahea
Read moreLondon open: Stocks fall ahead of Eurozone meeting
12th Apr 2013 08:40
Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
Read moreLondon pre-open: FTSE set to retreat ahead of bailout meeting
12th Apr 2013 07:29
City sources predict the FTSE 100 will open down 26 points from yesterday's close of 6,416, as investors await the outcome of a meeting between Eurozone finance leaders - regarding the Cypriot bailout - set to take place in Dublin today. Ministers are expected to try and reach and agreement in ord
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreAggreko sees mixed first quarter, but guidance unchanged
12th Apr 2013 07:17
Aggreko, the temporary power and temperature control firm, has said that expectations for the full year remain unchanged after an in-line first quarter, though its performance remains mixed across its two main divisions. Underlying revenues grew by 8.0% in the three months to March 31st which repre
Read moreFriday preview: Aggreko, JP Morgan and Wells Fargo report
11th Apr 2013 14:58
Investors look to an encouraging update from Aggreko on Friday as it releases its interim management statement. The temporary power and temperature control firm has been bolstered by contract wins and strong performance of its North American division in recent months. Last month, the group announc
Read moreWednesday newspaper round-up: Morrisons, Germany, Aggreko...
10th Apr 2013 06:50
According to The Independent, around 700 jobs are at risk at supermarket group Morrisons after the firm launched an automated cash-handling technology in back offices in an effort to improve competitiveness. The group has started consultations with cash office managers. Billionaire investor George
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreLondon close: US sentiment data dampens stocks as traders take profits
15th Mar 2013 16:51
UK stocks finished the week on a dull note as disappointing data from the States and an ongoing summit of European leaders in Brussels dampened risk appetite in afternoon trade. Following a barrage of impressive US economic figures over recent weeks - especially from the labour market - sentiment w
Read more