Thursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon open: ASOS plummets as UK stocks fall ahead of ECB
5th Jun 2014 08:26
techMARK 2,825.83 +0.11% FTSE 100 6,802.80 -0.23% FTSE 250 15,937.44 -0.31% A surprise profit warning from fast-growing fashion retailer ASOS and a cautious outlook from speciality chemicals firm Johnson Matthey sent UK stock markets lower on Thursday, as investors nerves were tested ahead of the p
Read moreASOS plummets on profit warning as sales growth slows
5th Jun 2014 07:46
Shares in online fashion retailer ASOS plummeted on Thursday after the company cut its margin guidance for the full year and blamed a strong pound for a slowdown in growth in the third quarter. The stock, which has surged in recent years to a high of 7,195p in early 2014, lost over 40% of its value
Read moreFriday broker round-up UPDATE
30th May 2014 09:14
ASOS: N+1 Singer reduces target price from 5300p to 4100p, while staying with its hold recommendation. Cairn Energy: JP Morgan cuts target price from 315p to 279p and maintains an overweight rating. Cobham: Canaccord Genuity increases target price from 285p to 320p and reiterates a hold recommenda
Read moreGoldman Sachs upgrades Asos to 'buy'
22nd May 2014 14:47
Despite the slowdown seen in Asos's sales during the second quarter, analysts at Goldman Sachs upgraded the shares to 'buy' despite cutting its earnings forecasts. Now the broker calculates that the digital fashion retailer's three-year forward compound annual growth rate of sales will be at 31%,
Read moreBroker tips: Asos, Mothercare, Royal Mail
22nd May 2014 14:00
Despite the slowdown seen in Asos´s sales during the second quarter analysts at Goldman Sachs decided to upgrade the shares to 'buy'. Now the broker calculates that the digital fashion retailer´s three-year forward compound annual growth rate of sales will be at 31%, instead of 38%. That means th
Read moreThursday broker round-up UPDATE
22nd May 2014 08:34
ASOS: Goldman Sachs reduces target price from 7300p to 6250p, while upgrading to buy. BTG: N+1 Singer shaves target price from 488p to 486p retaining a sell recommendation. EKF Diagnostics: FinnCap initiates with a target price of 38p and a buy recommendation. Exova Group: Credit Suisse starts wi
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreFriday broker round-up UPDATE
25th Apr 2014 09:19
African Barrick Gold: Deutsche Bank lowers target price from 310p to 300p maintaining a buy recommendation. Anglo American: Deutsche Bank cuts target price from 1530p to 1510p and reiterates a hold recommendation. ASOS: Deutsche Bank upgrades to buy with a target price of 5800p. Astra Zeneca: Deu
Read moreGood Energy's Finance Director reduces stake after strong results
14th Apr 2014 16:00
Garry Peagam, the Group Finance Director of Good Energy Group, has traded in shares worth 122,335 pounds one week after the AIM-listed renewable energy provider delivered a doubling of its pre-tax profits. The director traded in 42,500 shares at 287.85p a time. Following the sale, Garry Peagam h
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
Read moreLondon open: Stocks pull back from one-month high
7th Apr 2014 08:34
- Stocks track heavy losses in US and Asia - UK markets retreat from highest close since early March - CRH rises despite rivals' merger, housebuilders fall techMARK 2,741.16 -1.06% FTSE 100 6,646.69 -0.73% FTSE 250 16,282.85 -0.92% UK stocks fell sharply on Monday morning as investors booked profi
Read moreMattioli Woods co-founder reduces stake with sale of 220,000 shares
4th Apr 2014 16:06
AIM-listed Mattioli Woods, a specialist wealth management and employee benefits business, announced on Friday that its Chairman and co-founder, Bob Woods, had sold 220,000 shares. At 445p per share, the deal raised £979,000. His stake in the group was reduced to 3.07m shares, equal to 15.42% of
Read moreLondon close: Markets may be underestimating deflation risks in euro area
2nd Apr 2014 17:15
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake techMARK 2,782.92 -0.04% FTSE 100 6,659.04 +0.10% FTSE 250 16,415.96 +0.05% The Footsie ended the day slightly in the blue after the release of largely in-line data on US manufacturing orders alongside a sli
Read moreBroker tips: Glaxo, Centrica, FirstGroup, ASOS
2nd Apr 2014 12:17
Panmure Gordon has said that the disappointing outcome of GlaxoSmithKline's (GSK) clinical trial for its therapeutic cancer vaccine MAGE-A3 is already priced into the stock. Panmure said that MAGE-A3 could have been one of the "three particularly transformative pipeline opportunities". However, giv
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