Sunday newspaper round-up: RBS, BP, Asos
21st Oct 2012 16:09
Nationwide is considering a takeover bid for the 316 bank branches that have been put back up for sale by Royal Bank of Scotland. Britain's biggest building society is mulling a possible offer following the collapse of a £1.65bn deal to sell the network to Santander UK. RBS, which has to dispose of
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreTuesday broker round-up - UPDATE
16th Oct 2012 08:14
Amara Mining: Seymour Pierce keeps buy rating. ASOS: Morgan Stanley initiates coverage with overweight rating and 3,000p target. Bellway: Panmure Gordon raises target from 954p to 957p, hold rating kept; Jefferies keeps hold rating and 1,004p target. British American Tobacco: Nomura keeps buy rat
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreFormer M&S fashion boss joins ASOS
10th Oct 2012 07:16
Kate Bostock, the former Marks & Spencer (M&S) fashion boss, is joining the board of fast-growing online fashion outfit ASOS. Bostock's arrival at ASOS has been rumoured ever since she announced her departure from M&S in July after an underwhelming trading performance by the high street retail gian
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreTesco still a basket case
3rd Oct 2012 16:05
If Tesco was hoping that a return to like-for-like sales growth in the UK in the second quarter would earn it some love in the market, it was sadly disillusioned. Not when supermarket rival Sainsbury reported second quarter like-for-like (LFL) sales growth year-on-year of 1.9%, which put Tesco's 0.
Read moreASOS names Amazon director as new Chairman
1st Oct 2012 07:32
Lord Waheed Alli is stepping down as Chairman of online fashion retailer ASOS after 12 years with the company and will be succeeded by Amazon UK's Managing Director, Brian McBride. ASOS's Chief Executive Officer Nick Robertson said on Monday morning: "I would like to thank Waheed for his significan
Read moreLondon close: M&A rumour mill cranks up
19th Sep 2012 16:53
After trading in positive territory for most of the day Footsie dipped into the red after US markets opened lower, but bounced back into the black in the final 90 minutes of trading. The day started well with the Japanese central bank unexpectedly opting to beef up its quantitative easing programme
Read moreLondon midday: Gains ebb, financials weaken
19th Sep 2012 11:50
After getting off to a flying start after the Japanese central bank unexpectedly opted to beef up its quantitative easing programme London's leading shares ended the morning little changed. The Bank of Japan (BoJ) took markets by surprise with the announcement that it will increase the size of its
Read moreASOS just about justifies its premium rating
19th Sep 2012 11:02
Online fashion and beauty store ASOS turned in its usual quarter of strong top line growth, although after the share's recent good run, market reaction to its trading update was muted. Group revenues were up 31% to £145.2m in the group's fourth quarter, which following a change in year-end now run
Read moreLondon open: BoJ action lifts miners
19th Sep 2012 08:49
Investors are giving a tip of the hat to the Bank of Japan this morning, after the Japanese central bank opted to beef up its quantitative easing programme. The news from the world's third largest economy has lifted miners in particular, and even with the usual Wednesday glut of stocks going ex-div
Read moreASOS still in fashion
19th Sep 2012 07:57
Online fashion and beauty store ASOS continued its recent barnstorming performance, boosting revenues by a third in the last quarter. Group revenues were up 31% to £145.2m in the fourth quarter, the firm said in a trading update. Retail sales were up 31% year-on-year, with a 15% rise in the UK and
Read moreWednesday preview: ASOS, Redrow, MPC minutes
18th Sep 2012 18:02
After the recent gloomy trading statement from fashion retailer Next, ASOS shareholders might be a bit apprehensive ahead of the online clothes seller's interim management statement on Wednesday, but Panmure Gordon says not to worry. The broker recently raised its price target for the stock from 2
Read moreBroker tips: Aggreko, ASOS, Falkland Oil & Gas
17th Sep 2012 12:48
Analysts at Seymour Pierce have this morning raised their price target on shares of temporary power solutions provider Aggreko, while reiterating their "buy" stance on the company´s shares. This followed a visit to the company´s new bespoke manufacturing facility in Dumbarton, Scotland. In their o
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