FTSE 100 movers: Aggreko rises on upgrade
8th Feb 2013 15:22
Temporary power and temperature controls firm Aggreko was higher today after HSBC upgraded the stock to 'neutral'. There was also some 'market chatter' speculating that Aggreko could be a bid target for ABB. Engineering group Weir was also on the up after UBS raised its target price from 2,000p to
Read moreLondon midday: Stocks claw back losses after yesterday's sell-off
8th Feb 2013 11:38
Better-than-expected trade data from China gave stocks a boost on Friday morning, as sentiment picked up from the day before when concerns over Europe sparked a sell-off on equity markets. Both imports and exports in China jumped year-on-year in January, resulting in a higher-than-forecast trade su
Read moreLondon open: Stocks rise after Chinese trade data
8th Feb 2013 08:41
Positive data from China helped European stocks rebound on Friday morning, following a sell-off the day before on the back of comments from European Central Bank President (ECB) Mario Draghi. Both imports and exports in China jumped year-on-year in January, "suggesting that what we saw in the fourt
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreFTSE 100 movers: WPP rises on upgrade
30th Jan 2013 15:32
Leading the upside was advertising and media firm WPP after Jefferies upgraded its rating for the stock from hold to buy. The broker said that an analysis WPP's largest clients and their 2013 ad budget 'looks encouraging' and 'with expectations low, we see upside risk'. Meanwhile, heavyweight fina
Read moreLondon close: Stocks extend gains on quiet day
21st Jan 2013 16:36
With Wall Street closed for Martin Luther King Day on Monday, the UK stock market took advantage of low volumes to push London's benchmark index close to levels not seen in five years. "European stock markets benefitted from the lack of news, earnings and economic data released today with the major
Read moreFTSE 100 movers: Meggitt lower on Boeing battery link
21st Jan 2013 16:07
Aerospace components engineer Meggitt was lower after being identified as the ultimate owner of a company which provided battery charger units for Boeing's now grounded Dreamliner air fleet. Pearson was also lower after weakness in the fourth-quarter selling season, which is key for higher educati
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreMonday newspaper round-up: Basel requirements, Rolls-Royce, Anglo American...
7th Jan 2013 07:02
The heads of the world's top regulators and central banks yesterday approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also rel
Read moreBroker tips: Barclays, Aggreko, Retail stocks
2nd Jan 2013 10:42
Barclays was performing well on Wednesday morning after Investec hiked its target price from 260p to 285p and hailed the lender as its 'preferred UK domestic bank'. Despite an impressive 79% rally over the past five months, the broker said that the shares are still trading "only in line with loss-
Read moreBroker snap: Jefferies stays optimistic about Aggreko but cuts forecasts
2nd Jan 2013 10:16
Jefferies has slashed its target price for temporary power and temperature control solutions group Aggreko by over a fifth from 2,535p to 2,000p following the group's pre-close update. The company reported on December 17th that full-year revenues in 2012 would be in line with guidance at £1.6bn (up
Read moreAggreko execs show their faith with share purchases
21st Dec 2012 16:15
Three executives from Aggreko, the FTSE 100 temporary power and temperature control group, showed their faith in the firm this week, topping up their interests a couple of days after it disappointed the market with a downbeat outlook for 2013. Ken Hanna, Chairman, purchased 6,750 shares at 1,736p e
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