Wednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreLondon pre-open: Markets turn cautious ahead of busy end to the week
4th Sep 2013 07:27
Markets are expected to open broadly flat on Wednesday morning as heightened fears about imminent Western military intervention in Syria dampen risk appetite. City sources predict the FTSE 100 will open more or less unchanged from yesterday's close of 6,468.41. The Senate Foreign Relations Commi
Read moreAshtead lifts full year view
4th Sep 2013 07:11
Equipment rental company Ashtead Group booked a 24 per cent hike in first quarter revenue, amid strong demand and a tight control on costs, and now expects a full year result ahead of previous expectations. Revenue increased to £410.5m for the first quarter ended July 31st 2013 from £325.0m a year
Read moreAshtead execs sell off awards after share-price surge
2nd Jul 2013 15:41
Equipment rental business Ashtead has seen a number of board-members sell off their share awards given to them as part of their performance share plan (PSP) in June 2010. Awards given to executives under the PSP vest on the third anniversary of grant subject to continued employment and the achievem
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreSector movers: Housebuilders lifted as mortgage approvals rise
25th Jun 2013 15:45
Construction and materials stocks were performing well on Tuesday after the British Bankers' Association (BBA) revealed that mortgage approvals hit a 16-month high in May. Approvals for house purchases reached 36,102 last month, up from a revised 32,952 the month before, well ahead of the 33,200 co
Read moreFTSE 250 movers: Housebuilders rise after mortgage-approval data
25th Jun 2013 15:09
House builders and construction stocks were performing well on Tuesday after the British Bankers' Association revealed that mortgage approvals for house purchase hit a 16-month high in May of 36,102. This was up from a revised 32,952 the month before, well ahead of the 33,200 consensus forecast and
Read moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreFriday tips round-up: Ashtead, Oracle, Gulf Keystone
21st Jun 2013 06:43
Equipment rental group Ashtead Group delivered record pre-tax profits on Thursday thanks to the strong performance of its US operation Sunbelt. However, Sunbelt revenues are not going to continue to grow at three times the industry average, according to The Times' Tempus column. But while growth may
Read moreLondon close: FTSE 100 drops three per cent after Fed signals end to QE
20th Jun 2013 16:58
Equity, bond and commodity markets were a sea of red on Thursday as traders fled from risk in the aftermath of the Federal Reserve's confirmation of its stimulus 'exit strategy'. The FTSE 100 finished down an eye-watering 189 points, falling 2.98% to 6,160. The last time the index was at this level
Read moreFTSE 250 movers: Ted Baker, Ashtead, New World Resources, Man Group
20th Jun 2013 13:56
Ted Baker's shares soared after the fashion chain reported retail sales growth that beat forecasts. The UK company reported a 32.7 per cent rise in overall group sales. Ashtead Group advanced after the equipment rental firm reported a record year of pre-tax profit. Revenue growth, operational effi
Read moreLondon midday: Markets drop over two per cent in Fed aftermath
20th Jun 2013 11:38
The Federal Reserve may have painted a better picture of the US economy last night, but the concept of a life without quantitative easing (QE) prompted a heavy sell-off on equity markets on Thursday morning, with indices across Europe hit hard following steep losses on Wall Street. The Federal Open
Read moreThursday broker round-up UPDATE
20th Jun 2013 08:43
Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme
Read moreLondon open: 'Tapering' concerns hit markets hard as Fed signals end to QE
20th Jun 2013 08:26
Markets across Europe dropped sharply in early trading on Thursday after Federal Reserve Chairman Ben Bernanke last night signalled that the central bank could soon start to scale back its quantitative easing (QE) programme. Fed confirms QE taper Stocks on Wall Street last night were trading sligh
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