Broker tips: RBS, ARM Holdings, Astrazeneca
2nd Sep 2015 13:17
(ShareCast News) - Societe Generale upgraded Royal Bank of Scotland to 'hold' from 'sell' with an unchanged price target of 330p. It said the long-term view for RBS is attractive, namely to become a UK-focused retail and commercial bank. SocGen said the de-risking of the balance sheet has really ta
Read moreBroker tips: RBS, ARM Holdings, Astrazeneca
2nd Sep 2015 13:17
(ShareCast News) - Societe Generale upgraded Royal Bank of Scotland to 'hold' from 'sell' with an unchanged price target of 330p. It said the long-term view for RBS is attractive, namely to become a UK-focused retail and commercial bank. SocGen said the de-risking of the balance sheet has really ta
Read moreBroker tips: RBS, ARM Holdings, Astrazeneca
2nd Sep 2015 13:17
(ShareCast News) - Societe Generale upgraded Royal Bank of Scotland to 'hold' from 'sell' with an unchanged price target of 330p. It said the long-term view for RBS is attractive, namely to become a UK-focused retail and commercial bank. SocGen said the de-risking of the balance sheet has really ta
Read moreFTSE 100 movers: Ashtead jumps on strong interims; Glencore, BP in the red
2nd Sep 2015 13:16
(ShareCast News) - London's FTSE 100 was up 1% to 6,116 at 1423 BST in a choppy session as stocks rebounded from weakness on Tuesday. Industrial equipment rental firm Ashtead was the standout gainer after it posted better-than-expected first quarter pre-tax profits of £155m, up 23%, driven by solid
Read moreJPMorgan lifts ARM, says it's discounting smartphone inventory correction
2nd Sep 2015 10:44
(ShareCast News) - JPMorgan Cazenove upgraded ARM Holdings to 'neutral' from 'underweight' and kept its price target at 850p. "With ARM stock having corrected since the beginning of July, we believe the stock is discounting the impact of the smartphone correction even though consensus estimates like
Read moreLondon close: Stocks drop as investors dwell on China slowdown
26th Aug 2015 16:08
(ShareCast News) - UK equities dropped on Wednesday as China's economic slowdown continued to weigh on investors' minds. The People's Bank of China on Wednesday said it would pump 140 billion yuan into the financial system through a short-term liquidity adjustment operation. The SLO loans, introduce
Read moreFTSE 100 movers: Weir Group rallies on Schlumberger deal; WPP drops after results
26th Aug 2015 13:13
(ShareCast News) - London's FTSE 100 was up 0.2% to 6,091 by 1352 BST, recovering from earlier losses, although worries about a slowdown in China continued to unsettle investors. Engineering company Weir got a boost from M&A news in the sector, after it emerged that oilfield services group Schlumber
Read moreBroker tips: Moneysupermarket.com, ARM Holdings, European stocks
26th Aug 2015 12:28
(ShareCast News) - Moneysupermarket.com got a boost on Wednesday after Citigroup upgraded the stock to 'buy' from 'neutral' and raised its price target to 370p from 300p, pointing to improved visibility. "Whilst we acknowledge the strong run in the share price, we now however take a more positive vi
Read moreBernstein upgrades ARM after share price weakness
26th Aug 2015 10:28
(ShareCast News) - Bernstein upgraded ARM Holdings to 'market perform' from 'underperform' with an unchanged target price of 800p, noting that since its last peak at the end of March, the stock has significantly underperformed the wider market. Bernstein said the stock has dropped 25% since March as
Read moreMorgan Stanley recommends adding exposure to European stocks
26th Aug 2015 09:33
(ShareCast News) - The ongoing weakness in emerging markets and China won't significantly dent the European economy, Morgan Stanley said in its most recent equity strategy note. The bank said it expects equities to be higher in three months, adding that current volatility in markets is likely to be
Read moreFTSE 100 movers: Financials lead risers as blue chips end losing streak
25th Aug 2015 15:18
(ShareCast News) - The FTSE 100 bounced back on Tuesday, recouping some of Monday's China-triggered losses, for what looked like being the first positive session in 11 trading days. An hour before the close London's blue chips were up 136.80 points, or 2.32%, to 6,035.67, led by companies lifted pur
Read moreLondon close: UK stocks decline after labour market data disappoints
12th Aug 2015 16:16
(ShareCast News) - UK stocks ended Wednesday lower as investors processed disappointing UK jobs data and another devaluation of the yuan by China's central bank. The number of people employed in the UK in the three months to June fell 63,000 to 31.035m, more than the 55,000 drop expected by analysts
Read moreFTSE 100 movers: Shire slips on bid rebuff, Smiths lifted by activist hopes
4th Aug 2015 14:47
(ShareCast News) - The FTSE 100 was marginally in the red on Tuesday afternoon after an early fall was followed by a sharp bounce that soon lost momentum. London's primary equity index was down 0.14% at 6,679.14 points by 1405 BST, with shares in drug company Shire leading the fallers. The Dublin-h
Read moreLondon midday: FTSE 100 declines on surprise construction slowdown
4th Aug 2015 12:21
(ShareCast News) - The FTSE 100 continued its slide as investors weighed earnings, mixed news from Greece and a worse-than-expected report on the UK construction sector. The Markit/CIPS purchasing mangers' index on UK construction activity fell to 57.1 in July from 58.1 a month earlier, missing fore
Read moreARM Holdings reshuffles board
4th Aug 2015 09:03
(ShareCast News) - Stephen Pusey and Lawton Fitt have been appointed as independent non-executive directors of ARM Holdings, the microprocessor and intellectual property group said on Tuesday. The duo will step into their new roles on 1 September, the FTSE 100 company said in a brief statement, addi
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