Broker tips: Tesco, Lamprell, Ashtead
11th Jun 2012 11:19
Nomura has reiterated its buy recommendation and 430p target price for supermarket giant Tesco, saying that while still early days, there was 'incremental progress evident' in the group's first-quarter statement. "Although Tesco's recovery to a market rate of growth remains work-in-progress, we bel
Read moreBroker snap: All eyes on 2013 guidance at Ashtead
11th Jun 2012 11:16
Jefferies has reiterated its buy rating and 300p target price for FTSE 250 rental equipment firm Ashtead ahead of its full-year results next week, saying it sees upside risk to current-year forecasts. The broker is expecting Ashtead to report a pre-tax profit of £121.1m for the year ended March 31s
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreFTSE 250 movers: Ashtead up on positive read-across from US peer
18th Apr 2012 14:06
Rental equipment firm Ashtead was a high riser on the back of a positive read-across from US peer United Rentals which beat consensus estimates after the closing bell on Wall Street last night. "We stress these successive record quarterly performances from both United Rentals and Ashtead are being
Read moreLondon midday: Investors show caution after yesterday's strong rise
18th Apr 2012 11:46
- Ex-div stocks weigh on Footsie - MPC minutes: Miles calls for more QE - Eurozone swings to deficit in February - UK jobless rate falls for first time since May 2011 London's FTSE 100 index was trading slightly lower by Wednesday lunchtime following a strong showing from the benchmark yesterday, a
Read moreBroker tips: Tesco, RBS, Ashtead
18th Apr 2012 10:28
Tesco's preliminary results are a 'non-event' after coming in line with expectations, according to Merchant Securities, which says that the key focus point is the strategy going forward. "The statement fails to provide anything new on their strategy. UK remains the key focus with £1bn investment to
Read moreBroker snap: United Rentals provides positive read-across for Ashtead
18th Apr 2012 10:18
Rental equipment firm Ashtead was a high riser on the FTSE 250 on Wednesday morning, helped by last night's strong results from US peer United Rentals. United Rentals reported first quarter rental revenue growth of 20.5% after the close on Wall Street on Tuesday, causing shares to jump 6% in after-
Read moreWednesday broker round-up - UPDATE
18th Apr 2012 09:12
ARM Holdings: Morgan Stanley maintains overweight rating. Ashtead: Jefferies maintains buy rating and 300p target. BHP Billiton: Barclays Capital maintains overweight recommendation and 2,400p target. British American Tobacco: Nomura raises target from 3,360p to 3,390p, buy recommendation maintai
Read moreLondon close: Lacklustre day for Footsie
3rd Apr 2012 16:52
London's leading shares drifted lower, with little to encourage buyers into the market ahead of the release this evening of the minutes from the March 13th meeting of the Federal Open Market Committee, the US Federal Reserve's policy-making committee. Sky grounded after Murdoch resignation Britis
Read moreLondon midday: Whitbread blows froth off Costa speculation
3rd Apr 2012 11:47
The Footsie moved sideways in the morning session, prompting the suspicion that many traders have made an early start to the Easter break. Food - and drink - for thought Whitbread's Chief Executive Officer, Andy Harrison, moved to damp down speculation about the possibility of the Premier Inn and
Read moreBroker snap: Ashtead acquisition will give small fillip to earnings
3rd Apr 2012 10:20
Broker Jefferies says the bolt-on acquisition of specialist temperature control equipment rental provider Topp Construction Services has come too late to have much effect on Ashtead's profits for the current financial year, but should provide a small fillip to fiscal 2012/13. For the year to the en
Read moreLondon open: Heritage bubbles higher on Iraqi success
3rd Apr 2012 08:51
London has started on the front foot, taking heart from the late surge on Wall Street yesterday, which was sparked by a better-than-expected performance by the Institute of Supply Management's manufacturing index. Drugs firms in focus Drugs giant GlaxoSmithKline has received top-line results fro
Read moreBroker tips: BHP Billiton/Rio Tinto, Ashtead, tour operators
3rd Apr 2012 07:34
Nomura has looked at the possibility of a tie-up between the diamond businesses of BHP Billiton and Rio Tinto, both of which have been put up for sale. BHP's and Rio's diamond units are valued at $2.2bn and $1.9bn, respectively, and only represent around 1% of each company net present value. As the
Read moreLondon pre-open: Stocks to track US indices higher
3rd Apr 2012 07:25
City sources predict the FTSE 100 will open up 10 points from yesterday's close of 5,875, tracking US stocks higher which rose on the back of better-than-expected US and Chinese manufacturing data. Whitbread has given Finance Director Chris Rogers the job of running its Costa Coffee chain and imp
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