London open: Stocks dented by Japanese export figures
22nd Oct 2012 08:42
- Japanese export data misses forecasts - US corporate earnings in focus - Aggreko extends losses US corporate earnings and some disappointing economic data from Japan were weighing on stocks in London on Monday morning. Japanese exports declined 10.3% last month, worse than the 5.8% decrease in A
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreSunday share tips: Aggreko, Dechra, Optos
21st Oct 2012 10:42
Friday's trading statement from temporary power group Aggreko indicated a robust third quarter, with revenues up 22%. However, the shares tumbled by 7% as a number of headwinds emerged. Similarly, Rupert Soames, Aggreko's chief executive, was cautious about economic prospects for next year. He is ri
Read moreLondon close: Stocks fall on concerns over Eurozone
19th Oct 2012 16:44
- EU leaders agree to banking supervisor by January - Aggreko and Bunzl lead fallers in London - US heavyweights disappoint with Q3 results The FTSE 100 index had sunk firmly into the red by the close on Friday as investors awaited further news from the European summit. Aggreko and Bunzl were regis
Read moreFTSE 100 movers: Hammerson rises on office sale
19th Oct 2012 16:02
Hammerson, the property company that has spent much of the year selling off its offices, rose on news that it continues to recycle the cash into shopping centres with the acquisition The Junction Unit Trust. The group has paid £254.5m for the trust, which owns four prominent retail parks in strong
Read moreSector movers: Aggreko and Bunzl dampen support services sector
19th Oct 2012 14:58
Support services stocks were firmly in the red on Friday afternoon with Aggreko and Bunzl providing a drag. FTSE 100 temporary power and temperature control group Aggreko sank over 8% after reporting that since its last trading update, exchange rates have "moved against us" and bad debt provisions
Read moreLondon midday: Stocks fall as investors await Eurozone developments
19th Oct 2012 11:32
- EU summit in focus - US corporate results disappoint - Aggreko and Bunzl provide a drag on the FTSE 100 The Footsie was slightly lower by Friday lunchtime but was trading within a narrow range of just 19 points as investors awaited further news from the two-day EU summit in Brussels. "The second
Read moreBroker tips: Barclays, Burberry, Aggreko
19th Oct 2012 10:48
Nomura has retained its 'reduce' recommendation and 210p target price for Barclays following the revelation of more PPI provisions, saying that the bank is entering a period of potential negative catalysts. As for the upcoming adverse catalysts, the PPI issue is unsurprisingly the first of many ne
Read moreBroker snap: Brokers upbeat about Aggreko despite sell-off
19th Oct 2012 09:35
The market reaction to Aggreko's third-quarter trading update on Friday was far from positive, but analysts on the whole have retained their upbeat long-term stances on the stock with the majority recommending investors to 'buy on weakness'. The temporary power and temperature controls group had a
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreLondon open: Stocks flat with US earnings and EU summit in focus
19th Oct 2012 08:31
- Sentiment dampened by Microsoft and Google - EU summit in focus - Aggreko, Bunzl and financials provide a drag Worse-than-expected results from some US blue chips and the EU summit were in the spotlight on Friday morning, keeping UK stocks flat early on. "European equities are trading lower this
Read moreLondon pre-open: FTSE to track US stocks lower
19th Oct 2012 07:24
City sources predict the FTSE 100 will open down 14 points from yesterday's close of 5,917, tracking US stocks lower, which ended Thursday's session firmly in the red following Google's surprise results, which came in well below expectations. Search engine giant Google sent tech stocks into reverse
Read moreFull-year guidance trimmed at Aggreko - UPDATE
19th Oct 2012 07:04
Temporary power and temperature control group Aggreko got an Olympics revenue boost in the third quarter, but guidance for the full year was mixed, with some parts of the business now expected to perform better than expectations, but others worse, and with currency movements and increased charges fr
Read moreLondon close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read moreLondon midday: Banking stocks gain, yet Footsie falls
10th Oct 2012 11:32
- IMF warns about Eurozone crisis - Unions call for strikes in Greece - Banks gain on speculation of eased capital rules UK stocks suffered more losses on Wednesday in spite of some relative strength in the banking sector, as the International Monetary Fund (IMF) warned about the risks emanating f
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