Oriel sees potential in Ashtead despite uninspiring results
18th Jun 2014 15:51
Despite Tuesday's results failing to inspire the market, broker Oriel was very bullish on construction equipment rental group Ashtead and said it foresaw "growth enduring over the next several years". The results may not have contained any material upgrades, but they did demonstrate the "remarkable
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreWednesday tips round-up: Ashtead, Royal Dutch Shell
18th Jun 2014 08:05
After rising strongly so far this year shares in rental equipment company Ashtead have came off despite the company having delivered an apparently sparkling update. To a degree that is probably down to profit-taking. From a more fundamental point of view, investors are probably asking themselves wha
Read moreLondon close: FTSE ends higher ahead of FOMC meeting
17th Jun 2014 16:59
- FTSE closes up 12.13 points at 6,766.77 - Attention on Iraq, FOMC - Shire leads gains as miners weigh techMARK 2,794.60 -0.09% FTSE 100 6,766.77 +0.18% FTSE 250 15,585.46 -0.77% Blue chips recovered from a sharp dip earlier this afternoon to close in modestly positive territory, although concer
Read moreFTSE 100 movers: Shire rises on reports of bid preparation
17th Jun 2014 15:37
Pharmaceutical group Shire was making gains after Reuters reported that it has hired investment bank Citi as an advisor as it braces itself for takeover bids. The company's Irish tax base and its mid-sized market value of £22bn makes it a prime acquisition target, analysts told the news agency. Whi
Read moreLondon midday: Stocks erase gains on Iraq concerns, mixed UK data
17th Jun 2014 11:20
- M&A and deals lift a number of blue chips - UK inflation drops to four-and-a-half year low - UK house prices surge 9.9% - Iraq concerns still weighing on risk appetite techMARK 2,794.67 -0.09% FTSE 100 6,755.68 +0.02% FTSE 250 15,660.55 -0.29% London stocks fluctuated at a seven-week low on Tues
Read moreLondon open: Stocks rebound from seven-week low, but Iraq still in focus
17th Jun 2014 08:20
- FTSE 100 rebounds from lowest since April 28th - Iraq tensions continue, US deploys troops - UK inflation data in focus - Shire gains on M&A hopes, Astra also in spotlight techMARK 2,802.94 +0.21% FTSE 100 6,762.27 +0.11% FTSE 250 15,730.40 +0.15% UK stocks rose slightly on Tuesday morning, boun
Read moreAshtead beginning to enjoy recovery as earnings beat consensus
17th Jun 2014 07:13
- EPS of 46.6p ahead of expectations - Revenues up 24% to £1.48bn - "Beginning to enjoy recovery in markets" Industrial rental group Ashtead reaped the benefits of heavy investment in its fleet as profits flew higher than record levels in the year to April 30th, helping earnings beat expectations
Read moreLondon close: Ukraine developments ensure negative finish for FTSE
25th Apr 2014 16:59
- FTSE closes down 24.82 points at 6,678.18 - Ukraine developments weigh on sentiment - UK retail sales come in ahead of forecasts techMARK 2,747.90 -0.43% FTSE 100 6,685.69 -0.26% FTSE 250 15,888.21 -0.65% UK stocks ended the week in the red, as developments in Ukraine weighed on sentiment and ea
Read moreFTSE 100 movers: Pearson leads risers, while Tullow sits in last place
25th Apr 2014 14:13
Bernstein Research helped educational publisher Pearson higher after it said it is set to cash in on a shake-up of education services in the US, in spite of taking a hit from currency volatility. Bernstein says Pearson, which gets about 60% of its sales from the US, is likely to benefit from Common
Read moreFTSE 100 movers: AstraZeneca surges on takeover speculation
22nd Apr 2014 14:37
AstraZeneca was rising strongly on speculation that Pfizer could make a takeover approach for the company, in a transaction valued in the region of 60bn pounds, representing the biggest deal ever in the industry's history and the largest foreign takeover of a UK business on record. While AstraZene
Read moreTuesday broker round-up UPDATE
22nd Apr 2014 07:39
ARM Holdings: Goldman Sachs cuts target price from 1500p to 1450p and keeps a buy recommendation. Ashtead Group: Investec increases target price from 800p to 1100p and keeps a buy recommendation. Babcock International: Investec cuts target price from 1385p to 1377p, while upgrading to buy. Beazle
Read moreLondon close: Stocks finish on upbeat note
16th Apr 2014 16:59
- FTSE closes up 42.56 points at 6,584.17 - UK unemployment data drops to 6.9 per cent - US industrial production rises more than expected techMARK 2,651.59 +0.79% FTSE 100 6,584.17 +0.65% FTSE 250 15,745.98 +1.00% A strong finish to today's session put an end to the recent pattern of losses among
Read moreFTSE 100 movers: Sports Direct regains recent lost ground
16th Apr 2014 13:45
Sports Direct, IAG and Ashtead have all been under heavy selling pressure over the past week as investors took profits following some impressive gains over the last year. These stocks, however, were performing well today with Sports Direct the stand-out performer, rising more than 6% after Bank of
Read moreLondon midday: Sports Direct, Burberry and Tesco lead markets higher
16th Apr 2014 11:30
- Sports Direct gains as momentum stocks recovery - Tesco, Burberry and Persimmon impress with results - UK unemployment declines, China data mixed - Ukraine crisis escalates techMARK 2,642.64 +0.45% FTSE 100 6,562.09 +0.31% FTSE 250 15,694.83 +0.67% A recovery by so-called 'momentum' stocks and a
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