FTSE 250 movers: Home Retail slumps as Argos misses forecasts
13th Jun 2013 14:42
Home Retail saw shares sink on Thursday after the first-quarter underlying growth figures at its Argos chain missed forecasts. Like-for-like (LFL) sales increased by just 1.9 per cent in the 13 weeks to June 1st, well below the 3.0 per cent expected by analysts. LFL growth at the smaller Homebase di
Read moreLondon midday: Financials pull markets lower after Hester exit from RBS
13th Jun 2013 11:38
Uncertainty regarding central-bank stimulus, reductions in global growth forecasts and the surprise departure of the head of one of the UK's biggest domestic banks prompted a sell-off on the FTSE 100 on Thursday, as volatility continued on markets across the globe. London's benchmark index slumped
Read moreWS Atkins posts flat sales, but profits beat forecasts
13th Jun 2013 07:57
WS Atkins, the FTSE 250 engineering and product management consultancy, said that a strong performance in the UK was offset by continued challenging markets elsewhere as it posted flat revenues for the year ended March 31st, though the bottom line did come in ahead of market expectations. The compa
Read moreThursday broker round-up UPDATE
13th Jun 2013 07:01
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to
Read moreLondon pre-open: FTSE to dip ahead of BoE inflation forecast
15th May 2013 07:29
City sources predict the FTSE 100 will open up five points from yesterday's close of 6,686, likely to be driven in part by utilities giant Severn Trent, which has this morning brushed off a bid approach from a consortium of foreign investors, saying it completely undervalues the firm. The UK water
Read moreAtkins JV awarded Thames Water contract
15th May 2013 07:02
Atkins, a design, engineering and project management consultancy, has announced that its joint venture (JV) with Veolia Water and Costain has been selected as a capital delivery partner for Thames Water. The group is expected to deliver a "significant proportion" of the £3.0bn AMP6 investment prog
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreFTSE 250 movers: AZ Electronic Materials recovers after yesterday's losses
10th Apr 2013 15:50
Shares in chemicals group AZ Electronic Materials surged today by around 14 per cent, though this only slightly made up for the near-35 per cent slump yesterday after a profit warning. UBS upgraded the stock from 'neutral' to 'buy' this morning, saying that yesterday's sell-off was overdone and that
Read moreLondon midday: Stocks boosted by stimulus hopes, Chinese imports
10th Apr 2013 11:37
Optimism regarding central-bank stimulus was driving gains on stock markets on Wednesday morning following recent comments from Japan and ahead of an announcement from the Federal Reserve later today. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a stro
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreAtkins to beat expectations as margins expand
10th Apr 2013 07:44
Engineer Atkins (WS) has revealed that its full year results will come in ahead of expectations thanks to stronger second-half margins in the UK and US. The group said that after a good fourth quarter, results for the year ended March 31st 2013 would be "slightly ahead" of the market's expectatio
Read moreWednesday preview: Atkins and Halfords Group updates
9th Apr 2013 14:46
Engineering giant Atkins (WS) is expected to confirm it has been trading in line with expectations in an update Wednesday ahead of its annual results. The FTSE 250 company last month said it was on track to meet targets despite difficult market conditions and analysts predict the trend to continue
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
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