Monday broker round-up - UPDATE
26th Mar 2012 09:24
Aberdeen Asset Management: Peel Hunt upgrades from hold to buy, target left at 280p. Aggreko: Peel Hunt retains hold rating and 2,200p target. Amlin: Nomura downgrades from buy to neutral, target left at 383p. Anite: Peel Hunt raises target from 150p to 165p, buy rating kept. BBA Aviation: Jeffe
Read moreThursday broker round-up - UPDATE
8th Mar 2012 09:31
Admiral: Nomura raises target from 1,100p to 1,300p, buy rating kept; Collins Stewart ups target from 975p to 1,110p, hold rating kept; Credit Suisse reiterates outperform rating and 1,300p. Afren: UBS raises target from 140p to 150p, buy rating maintained. Amlin: Jefferies raises target from 317p
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreFTSE 250 movers: Misys leaps on offer plans
5th Mar 2012 15:34
Misys was the biggest riser after its largest shareholder ValueAct Capital Master Fund has teamed up with CVC Capital Partners in preparation to make a joint cash offer for the financial software provider. Heritage Oil was a big faller after it was hit by delays to its operations in the Kurdistan
Read moreBroker tips: IMI, Misys, Amlin
5th Mar 2012 11:21
UBS has raised its target price for FTSE 100 engineer IMI but maintained its neutral rating, saying that the group is improving margins at the expense of growth. With macro concerns easing, UBS says that the company is now past the threat of a big volume drop. While the organic growth rate remains
Read moreBroker snap: Amlin well-placed for 2012, says Nomura
5th Mar 2012 11:19
While Amlin's results were met with a negative reaction from the markets on Monday, Nomura has maintained its buy rating and 383p target price for the stock, saying that the group is well-positioned for 2012. The insurance and reinsurance underwriter reported a pre-tax loss of £194m for 2011, 2% be
Read moreMonday broker round-up - UPDATE
5th Mar 2012 09:03
Weir: Citi cuts to sell from neutral, shaves target to 1,850p from 1,950p. Morrison: Oriel downgrades to sell from reduce. Tesco: Oriel downgrades to reduce from hold. Sainsbury: Oriel downgrades to hold from add. Serco: Bank of America downgrades to neutral from buy. Afren: Credit Suisse rais
Read moreLondon open: Miners fall as China cuts GDP target
5th Mar 2012 08:32
- China cuts 2012 GDP target to 7.5%. - Miners drag Footsie lower early on; Glencore declines after results. - BP up after Macondo settlement. With China cutting its growth forecast to the lowest level since 2004, miners were the worst performers in early trading on Monday, dragging London's FTSE 1
Read moreAmlin's Chairman retires after challenging 2011
5th Mar 2012 07:51
Following an 'exceptionally challenging year' for insurance and reinsurance underwriter Amlin, the firm has remained upbeat and expects a return to a good level of profitability in 2012. Shares fell 3.3% in early trading on Monday following the release of the group's 2011 results. In the year ende
Read moreWednesday broker round-up - UPDATE
8th Feb 2012 09:22
Reckitt Benckiser: Nomura maintains buy rating and 3,900p target. BP: UBS ups target from 500p to 525p, buy recommendation unchanged; Nomura keeps neutral rating and 500p target. Xstrata: UBS lifts target from 1,450p to 1,500p, buy rating kept. BSkyB: AlphaValue upgrades from reduce to add, targe
Read moreLondon close: Losses pared ahead of Greek meeting
7th Feb 2012 16:35
-Greek talks enter critical stage. -Shareholders raise questions over terms of Glencore/Xstrata merger. -Defensives in demand as investors flee from risk. Losses were trimmed by the end of trade on Tuesday with reports pointing to progress being made in Greece. Government leaders and international
Read moreFTSE 250 movers: TalkTalk tops the table
7th Feb 2012 16:14
Internet and telephone service provider TalkTalk Telecom took first place on the risers list, having raised its full year earnings guidance as projected cost savings come in ahead of schedule. With just under two months of its financial year left to run, the company has raised full year earnings per
Read moreBroker snap: Peel Hunt remains optimistic about Amlin
7th Feb 2012 13:25
Peel Hunt has maintained its buy rating for insurance and reinsurance company Amlin, saying that losses are in line with expectations and there are signs of some improved pricing in certain segments. Amlin currently has a written total income year-to-date of £746.4m, net of brokerage, a 19.2% incre
Read moreBroker tips: BP, Cairn, Amlin
7th Feb 2012 13:00
Nomura has reiterated its neutral rating and 500p target for oil titan BP saying that while the 14% increase in the quarterly dividend is welcome, the Macondo oil settlement remains 'the elephant in the room'. Adjusted replacement cost operating profit came in at $4,986m, above both consensus and N
Read moreLondon midday: Footsie at day's worst levels on worries over Greece, China
7th Feb 2012 11:49
- Shareholders raise questions with terms of Glencore/Xstrata merger. - BP predicts flat underlying production in 2012. - Greek talks enter critical stage. UK stocks sank further into the red by midday with worries over Greece and China - as well as an early blow to the Glencore-Xstrata merger - we
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