London midday: Chinese stimulus boosts miners, IHG gains
20th Apr 2015 11:26
Stimulus measures to spur bank lending in China gave UK stock markets a boost on Monday morning, with mining shares leading the charge after a sell-off the previous session. London's FTSE 100 was up 0.7% at 7,041.74 by midday, pulling back after hitting a high of 7,067.84 early on. The index droppe
Read moreBroker tips: Lloyds, Aldermore, Aveva
20th Apr 2015 11:20
News that the Conservatives want to sell discounted shares in Lloyds to the public if they win the election should not alter the investment case for the bank, according to Investec. However, the broker kept a 'hold' rating on the stock, saying that the inevitable sale of the government's stake, whoe
Read moreAveva is a "world-class business", says Numis
20th Apr 2015 09:41
A short trading update from engineering software group Aveva received a mixed reaction from the market on Monday, though Numis Securities reiterated its positive rating on the stock. The broker, which maintained an 'add' recommendation, said the company is a "world-class business" with a powerful po
Read moreLondon open: Mining stocks lift FTSE on PBoC stimulus
20th Apr 2015 09:07
UK stocks rose strongly on Monday morning as markets rebounded after a heavy sell-off the previous session, as sentiment recovered over the weekend following stimulus measures in China. "The markets were buoyed this morning by the news that China's central bank has taken fresh, if tentative, steps i
Read moreLondon pre-open: Stocks to rebound after Chinese stimulus
20th Apr 2015 07:51
UK stocks are expected to rebound slightly on Monday morning after heavy losses the previous session, amid stimulus measures and increased uncertainty in Greece. City sources predict the FTSE 100 will open 24 points higher than Friday's close of 6,994.63. Friday's close below 7,000 was the index's
Read moreAveva expects to meet estimates with annual results
20th Apr 2015 07:11
Engineering software group Aveva has delivered a short, albeit positive, pre-close trading update which said annual results should meet analysts' forecasts. The company, which works in the oil & gas, mining, power, chemical, paper and marine industries, said that figures for the financial year ended
Read moreTuesday tips round-up: Petra Diamonds, Aveva
27th Jan 2015 21:25
Mining is a laborious process. It takes time to get at the precious stones and ores buried deep underneath our feet. Nevertheless, eventually it can be quite a lucrative undertaking. The same is true of stock in precious gems miner Petra Diamonds. The company is investing in new areas for mining and
Read moreLondon close: IAG gains, Tesco drops
26th Jan 2015 17:25
UK equities managed to finish the day higher despite the unexpectedly strong showing over the weekend for Greece's anti-austerity Syriza party, which almost won an outright majority. The top flight index ended the day 22.81 points higher at 6,855.64 points. Economists expect little volatility as a
Read moreLondon midday: Stocks trip on lower copper and iron ore prices
26th Jan 2015 12:39
London stocks were underperforming their Eurozone peers slightly come midday as commodity prices took it on the chin. Over the weekend Greece's anti-austerity Syriza party came within a whisker of gaining an outright majority. Ironically, that meant that for now the worst political scenarios in the
Read moreAveva director raises stake as a sign of confidence in the company
19th Dec 2014 15:47
Philip Dayer, a non-executive director at Aveva, spent £14,901 buying shares at the company as a sign of confidence in the company following recent concerns about how the oil price will affect the business. Dayer bought 1,134 shares at a price of 1,314p each and now holds 7,696 shares in the enginee
Read moreBroker tips: Energy services sector, IAG, Serco, Aveva
19th Dec 2014 12:11
Shares in the oil and gas services sector were hammered on Friday by comments from US bank Goldman Sachs which repeated its 'cautious' rating on the European sector in light of the recent collapse in crude prices. Goldman said: "Our analysis suggests that the European majors would need to cut capex
Read moreWesthouse stays positive about Aveva, sparks M&A hopes
19th Dec 2014 09:31
Shares in Aveva faced heavy selling pressure on Thursday after both Morgan Stanley and JPMorgan Cazenove cut the engineering software group to 'underweight', though Westhouse Securities stayed positive with an 'add' recommendation. "We retain our 'add' stance, aware of current risks to estimates, bu
Read moreSector movers: Software stocks rise as Sage results impress
3rd Dec 2014 14:40
Software and computer services stocks were the best performers in London on Wednesday as a well-received annual report from Sage gave the sector a boost. Sage, the FTSE 100 company which makes business software for accounting, payrolls and forecasting, saw shares rise 5% in afternoon trade as it rep
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreFTSE 250 movers: Serco plunges after issuing profit warning
10th Nov 2014 16:03
Under-pressure business-to-government outsourcing group Serco saw shares sink as the company delivered a profit warning to investors and said it is planning a rights issue after writing down the value of its business by £1.5bn. Meanwhile, oil explorer Cairn Energy announced a "significant" oil find
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