Friday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
Read moreTuesday tips round-up: Entertainment One, AVEVA, Gulf Keystone
29th May 2012 07:01
Entertainment One owns Peppa Pig, but the real reason to consider the stock, thinks Questor in the Telegraph, is the company's content distribution deal with Amazon's subsidiary LOVFiLM. There is a potential tie-up with Alliance Films on the horizon, although the funding looks tricky. But that doesn
Read moreLondon close: Gains erased as Spanish yields advance
28th May 2012 17:02
- Gains trimmed by the end of trade - Newsflow improves in Greece; New Democracy support increases - Spanish concerns weigh on sentiment London blue chips finished broadly flat on Monday as the initial optimism surrounding the Greek elections was outweighed in afternoon trade by ongoing concerns ab
Read moreFTSE 250 movers: AVEVA leaps on record profits
28th May 2012 15:39
Engineering software company AVEVA surged on the second-tier index after it reported record profits for the 12 months ended March 21st as the firm capitalised on growing demand from deep-water oil and gas exploration. Satellite group Inmarsat also rose strongly after Jefferies upgraded its rating
Read moreBroker tips: Capita, AVEVA, Inmarsat
28th May 2012 12:15
UBS has upgraded its rating for outsourcing group Capita from neutral to buy on the back of improving trading momentum combined with a depressed valuation. The valuation is at an all-time low and, with the government bid pipeline acting as a near-term catalyst, UBS says that it presents a good buyi
Read moreBroker snap: Merchant Securities surprised by AVEVA's results
28th May 2012 12:13
Merchant Securities reiterated its buy recommendation and 1,800p target price for AVEVA on Monday, saying that the engineering software group's full-year results were 'surprisingly strong' given its relatively conservative trading update last month. Revenues came in at £195.9m, 2.5% ahead of Mercha
Read moreLondon midday: Financials, miners lift Footsie higher
28th May 2012 11:43
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today Reports of rising popularity for Greece's New Democracy party were giving a lift to London's FTSE 100 on Monday morning as fears over an exit from the Eurozone eased. Sever
Read moreMonday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
Read moreLondon open: Stocks rise on Greek hopes
28th May 2012 09:00
- Support for New Democracy increases - Some European, US markets closed today - Miners gain on increased risk appetite London's blue-chip index advanced in early trading on Monday as sentiment improved on the back of the polls in Greece which showed that the pro-bailout party was in the lead. Sev
Read moreAVEVA surges after forecast-beating results
28th May 2012 07:09
The engineering software company, AVEVA, has reported record profits for the 12 months ended March 21st as the firm capitalised on growing demand from deep-water oil and gas exploration. AVEVA delivered revenue during the year of £195.9m, this was better than the consensus expectation of £192.04m a
Read moreWeek Ahead: Kingfisher results could be damp squib
25th May 2012 08:02
Monday is Memorial Day in the US, unofficially the start of summer, and there is a bit of a holiday feel in the UK, as well, with the flood of trading updates thinning out a little. AVEVA, the provider of engineering data and design information technology systems, will be announcing its preliminary
Read moreAVEVA acquires 3D structural detailing group
23rd May 2012 07:48
AVEVA, the engineering software provider, has acquired the Bocad group of companies, significantly strengthening its three-dimensional (3D) structural detailing capabilities for the plant, marine and fabrication markets. The €17.5m (£14m) purchase was made on a debt free/cash free basis which has b
Read moreFTSE 250 movers: Barratt Developments up on strong spring season
10th May 2012 15:45
House builder Barratt Developments was in demand after reporting its "strongest spring selling season for five years". Average weekly net private reservations in the period between January 1st to May 6th were 25.3% higher than the previous year, as a result of higher sales rates per site and increas
Read more