Tuesday broker round-up
9th Dec 2014 09:23
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
Read moreAshtead non-exec sells stake worth £740,000
13th Oct 2014 16:32
Michael Burrow, a non-executive director of equipment rental group Ashtead, has sold 80,000 shares in the FTSE 250-listed company. The 924p-a-share deal, which saw Burrow pocket a total of £739,200, comes around a month or so since the group revealed it expects to beat full-year estimates after prof
Read moreLondon close: ECB conference sends FTSE sliding more than 100 points lower
2nd Oct 2014 17:15
London's blue chips ended Thursday's session more than 100 points lower, as the European Central Bank (ECB) conference disappointed traders. The FTSE 100 closed 111.13 points below the opening bell, at 6,446.39. The ECB decided to keep key rates unchanged and unveiled further details of its asset-b
Read moreFTSE 100 movers: Hargreaves rises after Numis upgrade
2nd Oct 2014 16:19
Hargreaves Lansdown was one of just a handful of stocks to rise on Thursday, driven higher by Numis which upgraded its rating on the stock to 'buy'. Readacross from its US peer United Rentals sent shares in Ashtead into the red. Sainsbury continued its path lower following a disappointing update th
Read moreLondon midday: Stocks in the red as ECB rate decision edges closer
2nd Oct 2014 11:29
UK stocks were starting to come off their earlier losses around midday, having fallen sharply early on ahead of the European Central Bank (ECB) rate decision. At the midday point, the FTSE was 13.95 points lower at 6,543.57. Although the ECB is not expected to adjust its current rate, there was spe
Read moreUS building recovery to boost Ashtead and Wolseley, says broker
24th Sep 2014 17:38
Builders merchant Wolseley and plant hire group Ashtead are set to benefit from a bounceback in the US construction market, according to broker Brewin Dolphin. The broker said that while the non-housing construction recovery had taken longer than expected to occur, indications were now look
Read moreThursday tips round-up: Booker Group, Ashtead
4th Sep 2014 08:54
Somewhat perversely, shares of food wholesaler Booker Group have been weighed down by the souring in market sentiment towards the big grocers, despite not having any exposure to them. Much like Bunzl however the company has long been considered a dull operation but a reliable generator of cash and i
Read moreFTSE 100 movers: Ashtead leads after raising full-year estimates
3rd Sep 2014 15:59
Equipment rental group Ashtead Group was a top riser after saying it expects to beat full-year estimates after profits jumped by a third to a record high in its first quarter. Results were supported by strong revenue growth and improving margins. Barclays gained after selling its Spanish operations
Read moreLondon midday: UK stocks hit 14-year high on Ukraine hopes
3rd Sep 2014 12:55
- Ukraine and Russia working towards a ceasefire, reports say - Chinese, UK services PMIs improve, Eurozone PMI falls - Ashtead rises after upbeat outlook - Vodafone up on takeover speculation techMARK 2,879.44 +0.71% FTSE 100 6,882.50 +0.78% FTSE 250 16,018.45 +0.33% London's FTSE 100 hit its hig
Read moreLondon open: UK stocks at two-month high as Ashtead, Vodafone gain
3rd Sep 2014 09:11
- HSBC China services PMI jumps to 17-month high - Investors digest weak Eurozone services data, await UK figures - Ashtead ups full-year view after strong Q1 - Vodafone rises on takeover speculation techMARK 2,871.10 +0.42% FTSE 100 6,869.21 +0.59% FTSE 250 15,990.24 +0.16% UK stocks were trading
Read moreLondon pre-open: UK stocks to edge higher ahead of economic data
3rd Sep 2014 07:46
UK stocks were expected to open slightly higher on Wednesday after three straight days in positive territory. However, gains were likely to be limited ahead of a raft of economic data, including services purchasing managers' indices (PMIs) from the Eurozone and UK, Eurozone retail sales and US fact
Read moreAshtead sees upside to full-year forecasts after record Q1 profits
3rd Sep 2014 07:35
Equipment rental group Ashtead said it expects to beat full-year expectations after profits jumped by a third to a record high in its first quarter, helped by strong revenue growth and improving margins. Chief executive Geoff Drabble said that the company, which provides equipment for construction
Read moreWednesday preview: All eyes on UK services PMI on Wednesday morning
2nd Sep 2014 16:54
A crucial gauge of the UK economy, the services purchasing managers index (PMI), is published at 09.30 on Wednesday, with economists predicting a slide to 58.5 from the 59.1 recorded last month. Services is the main contributor to UK gross domestic product, with the sector employing around four-fi
Read moreFriday broker round-up UPDATE
22nd Aug 2014 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation. Bank of Georgia: Peel Hunt increases target price from 2416p to 2600p and reiterates a hold recommendation. Boot (Henry): Numis upgrades from add to buy with a target price of 254p. Howden Joinery
Read moreFTSE 100 movers: BHP Billiton jumps, but precious metal miners fall
15th Aug 2014 13:44
BHP Billiton shares jumped on Friday after the world's biggest mining company by revenues said that it is considering a demerger of certain assets in an effort to make the business "simpler and more productive". The company, reiterated its focus on its "four pillars" - iron ore, copper, coal and p
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