London midday: Stocks gain as BoE holds fire
7th Mar 2013 11:59
Stocks were making moderate gains by Thursday lunchtime despite the Bank of England (BoE) refraining from further easing to boost the UK economy. At noon, the BoE revealed that policy-makers had voted to maintain interest rates at their record-low level of 0.5% (where they have been since March 200
Read moreBroker tips: Aviva, Aggreko, Melrose
7th Mar 2013 11:32
Panmure Gordon it has downgraded its rating for insurance group Aviva from 'buy' to 'hold' after the company announced a surprise cut in the dividend on Thursday. "The clarification on the dividend may remove an issue that we believe has hindered Aviva's valuation, but we think the market will righ
Read moreBroker snap: Investec upgrades Aggreko after delivering in 2012
7th Mar 2013 11:08
Investec has lifted its recommendation for temporary power and temperature control group Aggreko from 'hold' to 'buy' following the company's strong 2012 results. Revenues rose 13% to £1,583bn in 2012, slightly ahead of Investec's £1,578m forecast, while pre-tax profit (PTP) increased by 11% to £36
Read moreLondon open: Fed comments provide support ahead of BoE, ECB
7th Mar 2013 08:43
The FTSE 100 held on to recent gains on Thursday morning ahead of central-bank policy decisions in the UK and Europe, as comments from the Federal Reserve provided some support. According to the Fed's Beige Book released last night, the US economy expanded at a "modest to moderate pace" at the star
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreNorth American business supports trading profit at Aggreko
7th Mar 2013 07:13
FTSE 100-listed temporary power and temperature control provider Aggreko has posted strong performance with trading profit up 13 per cent in the year ended December 31st. In its final result, the group reported underlying growth in group revenue of 14% to £1.6bn post-exceptional items. Trading prof
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 moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreLondon midday: Gains intensify on the back of German data
22nd Feb 2013 12:11
The London market is holding higher, bouncing back strongly from Thursday's losses although miners have surrendered the lead to the likes of Melrose Industries and Serco. The main reason for the advance continues to be the endorsement given by the President of the US Federal Reserve bank of St.Loui
Read moreLondon open: Miners bounce back on Fed remarks
22nd Feb 2013 07:52
The London market has opened clearly in the blue this morning, bouncing back strongly from the previous day's losses and with miners in the lead. That follows yesterday's finish by the main Wall Street indices well of their lows. Of note, the President of the US Federal Reserve bank of St.Louis gav
Read moreLondon pre-open: FTSE to regain some of yesterday's losses
22nd Feb 2013 07:30
City sources predict the FTSE 100 will open up 30 points from yesterday's close of 6,292, clawing back some of yesterday's heavy losses after hawkish comments from the Federal Reserve weighed heavily on markets. Last night US stock markets extended losses on the back of the previous night's releas
Read moreAggreko appoints director for Europe, Middle East and Africa
22nd Feb 2013 07:01
Aggreko, the temporary power and temperature control solutions group, has appointed David Taylor-Smith MBE as a director of the company, who will be responsible for Europe, Middle East and Africa, with effect from March 11th this year. 51-year-old Taylor-Smith worked for G4S between 1998 and 2012,
Read moreFTSE 100 movers: Barclays leaps after results
12th Feb 2013 15:16
UK banking group Barclays was performing well today after releasing the details of its strategic review, which includes 3,700 jobs cuts. Meanwhile, the company said that adjusted profits before tax grew 26% to £7.05bn in 2012, helped by a 46% improvement in Corporate and Investment Banking and 52%
Read moreLondon close: Stocks finish higher after decent economic data
8th Feb 2013 17:04
The FTSE 100 finished strongly on Friday afternoon as better-than-expected economic data from across the globe offset yesterday's gloomy comments from Mario Draghi which sparked a sell-off. Markets across Europe suffered steep falls on Thursday - London's FTSE 100 dropped 1.06% - after European Cen
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