Wednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreWednesday tips round-up: Reckitt Benckiser, Asos
22nd Oct 2014 06:50
Reckitt Benckiser's high valuation rating and predicted slow progress means that the stock is rated a 'hold', according to Martin Waller from the Tempus column in The Times on Wednesday. The comments come after a trading update from the consumer-products group, in which it reassured investors of its
Read moreNew Asos COO picks up £0.5m of shares after results bounce
21st Oct 2014 11:57
Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a significant share purchase on Wednesday morning after the company unveiled final results. Beighton
Read moreLondon midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read moreLondon open: UK stocks flat on mixed earnings, Chinese data
21st Oct 2014 08:28
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising strongly and Reckitt Benckiser, Intercontinental and
Read moreLondon pre-open: FTSE to register modest gains after strong US finish, weaker Chinese GDP
21st Oct 2014 07:40
City sources predict the FTSE 100 will open around seven points higher than Monday's close of 6,267.07. At 7.3%, Chinese third quarter GDP came in slightly above expectations, but this was lower than the 7.5% seen in the previous quarter, adding to concerns about the state of the Chinese economy as
Read moreAsos annual profits fall 14% as 'green shoots' seen from pricing investment - UPDATE
21st Oct 2014 07:34
Annual profits were not quite as bad as feared as online fashion retailer Asos put a troublesome year to bed, although significant investment in international pricing is likely to hold profits back for the next two years. The company has issued three profit warnings in the last seven months, and rec
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreLondon midday: UK stocks rise despite weak economic data
6th Oct 2014 11:37
Weak economic data from Germany and the wider Eurozone failed to deter bullish investors on Monday as UK stocks continued to bounce off a 10-month low reached last week. London's FTSE 100, spurred by gains in the banking, airline and supermarket sectors, was trading nearly 0.4% higher at 6,550 by mi
Read moreBroker tips: UK banks, Easyjet, Just Retirement, ASOS
6th Oct 2014 11:35
Shares in HSBC and emerging markets bank Standard Chartered both look cheap, according to analysts at Barclays Capital, though HSBC is the broker's preferred pick as it appears "structurally and cyclically stronger". The valuations of both stocks suggest potential buying opportunities, Barclays said
Read moreMonday broker round-up
6th Oct 2014 10:05
Asos: UBS ups target price from 4000p to 4050p and stays with its buy recommendation. Cranswick: Numis cuts target price from 1326p to 1296p and keeps a hold recommendation. Dunelm Group: Citi reduces target price from 930p to 870p downgrading to neutral. easyJet: Citi ups target price from 1600p
Read moreASOS 'ripe for an approach', UBS names Amazon as potential buyer
6th Oct 2014 09:20
Online fashion retailer ASOS "seems ripe for an approach", according to UBS, which predicted that US internet marketplace Amazon could pay £50 a share in a potential takeover. UBS said that after a "very tough year" for ASOS, management's strategic decision to invest in local logistics, pricing and
Read moreSunday newspaper round-up: Lloyds, Marks&Spencer, Oil explorers
21st Sep 2014 18:48
Lloyds Banking Group is considering moving its legal home to England from Scotland even after the Scots voted against leaving the UK, the Mail on Sunday reported. Lloyds had said it would move if Scotland voted to leave the union but has only said it would keep "a significant presence" in Scotland a
Read moreBroker tips: Imagination Technologies, IG Group, ASOS
17th Sep 2014 13:13
A corner is being turned at Imagination Technologies after an in-line first quarter, according to Investec, though the broker kept a 'hold' recommendation on the stock ahead of an uncertain second half. "While there is a sense of a corner being turned after a torrid 18 months, we remain on 'hold' be
Read moreDeutsche Bank downgrades ASOS to 'hold'
17th Sep 2014 11:19
Deutsche Bank has lowered its stance on ASOS from 'buy' to 'hold', saying that the online fashion retailer is attempting to maintain growth at the expense of its margins. A profit warning from the company on Tuesday saw shares sink 10.5% to 2,131.17p, as it warned that profits in the year to August
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