Tuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreAnite completes acquisition of Elektrobit's Propsim portfolio
31st Jan 2013 15:40
FTSE 250-listed software solutions provider Anite has completed its acquisition of the Propsim channel emulation product set of Finnish company Elektrobit. The product set comprises a range of radio channel emulation hardware and software products, as well as associated research and development cap
Read moreLondon close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreBroker snap: Jefferies happy with Anite's latest purchase
28th Jan 2013 16:17
Jefferies has kept its 'buy' rating and 160p target price for FTSE 250 software group Anite, calling Monday's acquisition of Finnish group Propism as 'strategic progress'. The company has spent €31m on Propism, a vendor of channel emulation technologies that will be integrated into its Handset Test
Read moreFTSE 250 movers: Home Retail Group suffers following downgrade
28th Jan 2013 15:37
Home Retail Group fell after Morgan Stanley downgraded the stock from overweight to equal-weight, with a target price of 140p. New World Resources also slumped today after saying that the price it could sell its thermal coal in 2013 had tumbled as the market was hit by oversupply. The company manag
Read moreLondon midday: Markets trading within narrow range
28th Jan 2013 11:33
London's benchmark index, the FTSE 100, was pausing for a breather on Monday morning with markets cautious ahead of a busy week. The index was trading within a narrow range over the course of the morning, with just 10 points separating its intraday high (6,289) and low (6,279). Economic data from
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreLondon pre-open: Modest gains expected on FTSE in early trading
28th Jan 2013 07:32
City sources predict the FTSE 100 will open up three points from Friday's close of 6,284, shrugging off last week's disappointing GDP data. Sentiment was helped by market activity in the US where stocks finished with decent gains on Friday on the back of several better-than-expected corporate resu
Read moreAnite acquires Finnish software channel
28th Jan 2013 07:15
Anite, which provides software solutions to the international wireless and leisure travel industries, has acquired the Propsim channel emulation product set of Elektrobit Corp., of Finland. The product set is being bought for €31m (around £26m), which will be paid in full in cash on completion on
Read moreWednesday tips round-up: AMEC, ITE Group, Anite
5th Dec 2012 07:00
Engineering and project management group AMEC's win of a 327m pound contract relating to the Al Zour oil refinery in Kuwait seems to show that the company's strategy of focusing on higher-margin infrastructure and construction projects in the mining, power generation and the oil and gas sectors is
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreFTSE 250 movers: ITE exhibits positive figures
4th Dec 2012 15:48
ITE Group led the charge after it said revenues were up 11 per cent in the last year and good trading conditions had continued into the new financial year. Westhouse Securities raised its target price for the conference and exhibition organiser from 245p to 261p, while Numis raised its target price
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreLondon pre-open: FTSE to track US stocks lower
4th Dec 2012 07:33
City sources predict the FTSE 100 will open down nine points from yesterday's close of 5,871, tracking US stocks lower which fell following the release of weak economic data. US manufacturing data revealed a surprise contraction for November, coming in at 49.5 versus 51.7 for the month before (Con
Read moreAnite bolsters profit and divi
4th Dec 2012 07:03
Software group Anite said recent trends and a growing pipeline of work has boosted the group's confidence in meeting full year forecasts as it posted a 30 per cent increase in half year profit. The company, which provides software solutions to leisure and travel and wireless industries, said pre-ta
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