Wednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreFTSE 100 Movers: InterContinental rises after upgrade
9th Jan 2012 15:27
InterContinental Hotels was rising after Deutsche Bank upgraded its rating from hold to buy. Investec has kept its positive stance on the temporary power rental market and says that the investment case remains "compelling", with the temporary power and temperature control provider Aggreko getting a
Read moreBroker snap: Temporary power market remains compelling, says Investec
9th Jan 2012 09:50
Investec has kept its positive stance on the temporary power rental market and says that the investment case remains "compelling". The broker quotes the International Energy Agency as saying: "In a world full of uncertainty, one thing is for sure: rising incomes and population will push energy need
Read moreMonday broker round-up - UPDATE
9th Jan 2012 09:19
InterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor
Read moreLondon close: Footsie jumps late on
20th Dec 2011 16:32
A successful Spanish bond auction and some uplifting confidence data helped lift sentiment and boost the Footsie to its highest level of the day by the close. After trading within a narrow range for the majority of the day, the blue chip index rocketed in afternoon trading, tracking US markets highe
Read moreFTSE 100 movers: Aggreko extends gains, pharmas fall
20th Dec 2011 15:29
Temporary power supplier Aggreko was leading the gains on the FTSE 100 on Tuesday, as investors continue to celebrate yesterday's news that full-year profits should come in slightly ahead of previous guidance. Media stocks were also on the rise with advertising giant WPP among the best performers i
Read moreLondon midday: Banks and pharmas drag Footsie lower
20th Dec 2011 11:54
London's blue chip index was slightly down at midday, despite a temporary stint in the blue, with heavyweight banking and pharmaceuticals stocks providing a drag. The Footsie nevertheless has been trading within a narrow range, with just 33 points separating the intraday low and high. The European
Read moreLondon close: Banks tumble as Osborne speaks
19th Dec 2011 16:19
The Footsie tanked in late afternoon trade with the government's response to Sir John Vickers banking report weighing heavily on the banking sector. In a debate in the House of Commons, Chancellor of the Exchequer George Osborne said that lenders should be forced to ring-fence their high street len
Read moreFTSE 100 movers: Banks weighed down by ICB report
19th Dec 2011 14:21
The banks were among the worst performers of the day on Monday as they awaited a the government's response to proposed changes to the sector by the Independent Commission on Banking (ICB). The ICB has recommended that lenders should be forced to ring-fence their High Street lending operations from
Read moreLondon midday: Banks fall, Footsie flat
19th Dec 2011 11:50
The Footsie pared gains and was trading flat by midday with banking stocks providing a drag ahead of the government's response to Sir John Vickers' report into banking. The Bank of England's Quarterly Bulletin revealed that 56% of households surveyed reckoned that income available after tax, insura
Read moreMonday broker round-up - UPDATE
19th Dec 2011 09:10
Randgold Resources: Goldman Sachs downgrades to sell from neutral. Aggreko: Investec puts 1,950p target under review, buy rating retained. Carnival: Evolution Securities keeps buy recommendation and 2,850p target. Ocado: Panmure Gordon keeps sell rating and 50p target. Babcock: Panmure Gordon r
Read moreLondon open: Householders' gloom hits equities
19th Dec 2011 08:38
Economic data is proving a drag on sentiment in London, with gloomy news on consumer sentiment from the Bank of England and bad news for house sellers in England and Wales from the Rightmove property listings web site. The Bank of England's Quarterly Bulletin revealed that 56% of households surveye
Read moreLondon pre-open: Quiet day expected
19th Dec 2011 07:28
City sources are predicting the FTSE 100 will open down 44 points from Friday's close of 5,387 in what is expected to be a quiet trading day. Temporary power provider Aggreko said it has had a strong fourth quarter, with underlying revenues set to be up 22% on the final quarter of last year. Prof
Read moreAggreko raises profit forecasts...again
19th Dec 2011 07:07
After raising its profits forecasts twice already this year, Aggreko has informed that full-year profits are expected to slightly ahead of the previous guidance given in October. The temporary power and temperature control provider now anticipates generating around £324m in profit before tax and am
Read moreWeek Ahead: Aggreko, National Express, BoE minutes
16th Dec 2011 08:43
It may be the week before Christmas next week but it will not be quite the non-event that some traders already in holiday mood are hoping for. On the company news front temporary power provider Aggreko and bus and train operator National Express are both set to update the market, while in the econo
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