Broker tips: ASOS, Vesuvius, Miners
16th Sep 2014 12:26
Brokerages have slashed their target prices for ASOS in the aftermath of a profit warning by the online fashion retailer on Tuesday, which sent shares sharply lower. Numis, JPMorgan Cazenove, Cantor Fitzgerald and Peel Hunt have all reduced their targets for the shares. "With no profit growth and o
Read moreDeutsche Bank upgrades commodity forecasts, Anglo and Antofagasta
16th Sep 2014 09:42
Deutsche Bank has lifted its target prices for stocks across the UK-listed mining sector after upgrading most of its commodity price forecasts. As part of its review, it has lifted its rating for Anglo American from 'hold' to 'buy', raising its target price from 1,650p to 2,100p, and for Antofagasta
Read moreFTSE 100 movers: Next results fall short of City expectations
11th Sep 2014 14:53
FTSE 100 retailer Next confirmed total sales growth of 10.3% in the first half and slightly upgraded its full-year earnings guidance, but shares slumped after the figures fell short of City analysts' ambitious forecasts. Retail stores and its online business both delivered significant growth to lift
Read moreLondon midday: Miners pull UK stocks lower after weak Chinese data
11th Sep 2014 11:56
Weakness in the heavyweight mining sector pushed UK equity markets into the red on Thursday, outweighing a decent performance by financial stocks. Underwhelming interim results from the likes of Morrisons and Next were also weighing on sentiment in London. The FTSE 100 was trading 0.4% lower at 6,8
Read moreLondon open: UK markets flat despite decent gains from banks
11th Sep 2014 08:28
Despite decent gains by Royal Bank of Scotland, the UK stock market opened more or less flat on Thursday morning as investors speculated about stimulus measures in China. London's FTSE 100 was trading at 6,828 in early deals, down slightly on Wednesday's close of 6,830.11. While concerns about the
Read moreFTSE 100 movers: CSR rises on rumours
28th Aug 2014 16:14
Wireless technology group CSR jumped on rumours that the firm is considering a sale. According to the Financial Times, the UK chipmaker has received takeover offers from a number of rival semiconductor manufacturers and could fetch a price of as much as $3bn, compared with Wednesday's closing price
Read moreLondon midday: Profit-taking, Ukraine tensions hit UK stocks
28th Aug 2014 12:14
- Ukraine accuses Russia of invasion - Sentiment dampened by ECB uncertainty - CSR jumps on takeover hopes - Xaar plummets on weak guidance techMARK 2,838.91 -0.22% FTSE 100 6,799.21 -0.46% FTSE 250 15,898.75 -0.79% UK stocks retreated from an eight-week high on Thursday as renewed geopolitical te
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreLondon open: Miners pull FTSE 100 back from eight-week high
28th Aug 2014 09:13
- Traders uncertain about ECB - CSR jumps on takeover hopes - Xaar plummets after weak H1, outlook - Miners fall, supermarkets mixed techMARK 2,849.12 +0.14% FTSE 100 6,820.18 -0.15% FTSE 250 15,983.18 -0.26% UK stocks were trading lower on Thursday as the FTSE 100 paused for breath after settlin
Read moreWednesday broker round-up UPDATE
27th Aug 2014 09:57
Antofagasta: Westhouse Securities reduces target price from 885p to 805p and stays with its neutral rating. Bunzl: Deutsche Bank ups target price from 1508p to 1565p leaving its hold recommendation unchanged. Chime Communications: Canaccord Genuity lowers target price from 390p to 385p and maintai
Read moreSector movers: Miners in a hole as lower prices hit Antofagasta
26th Aug 2014 17:54
Miners were on the slide on Tuesday after news of lower copper output and prices hit Chilean copper producer Antofagasta. Antofagasta said first-half earnings before interest, taxes, depreciation and amortization (EBITDA) fell from $1.27bn to $1.128bn after the average copper sales price dropped 2.
Read moreLondon close: Stocks end higher after US data beats forecasts
26th Aug 2014 17:07
- FTSE closes up 47.51 at 6,822.76 - UK services growth suffers slowdown - US durable goods jump 22.6% techMARK 2,833.11 +0.35% FTSE 100 6,822.76 +0.70% FTSE 250 15,998.00 +0.74% It was a strong finish to Tuesday's session, with traders keen to keep up with the gains seen amongst global equities d
Read moreFTSE 100 movers: ABF lifted by JPMorgan rating
26th Aug 2014 16:37
Associated British Foods was a top performer on Tuesday after JPMorgan Chase & Co. reiterated its 'overweight' rating on the stock. RSA was higher after Bank of America gave the stock a 'buy' recommendation, up from its previous rating of 'neutral', prompted by a cleaner balance sheet and better m
Read moreBroker tips: Telecity, Stagecoach, Antofagasta
26th Aug 2014 13:43
Telecity's shares slumped on Tuesday after announcing the departure of chief executive Michael Tobin who has been with the company for more than 10 years. Tobin will leave in October following a handover period on 31 October. It comes shortly after Eric Hageman was appointed chief financial officer
Read moreInvestec reiterates 'sell' on miner Antofagasta
26th Aug 2014 13:34
Despite largely in-line operating profits from Chilean copper miner Antofagasta broker Investec has reiterated its 'sell' recommendation on the shares of the company. In particular, analyst Marc Elliot highlights the fact the company has capital programmes ahead. Together with volatile commodity p
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