London midday: Euro concerns weigh on stock, BoE maintains rates
10th May 2012 11:27
- BoE leaves interest rates, QE unchanged - Greece fails to form a coalition...again - Reckitt drops after shareholder sale Stocks were firmly lower by Thursday lunchtime as markets awaited a policy rate decision from the Bank of England. Concerns over the political uncertainty in Greece eased slig
Read moreBroker tips: BT, Weir, AVEVA
10th May 2012 11:26
Nomura has maintained its buy recommendation and 295p target price for telecoms titan BT, saying that while fourth-quarter revenues were soft, earnings, free cash flow and guidance were strong. The broker did note BT's decision not to rebase its dividend after announcing an 8.3p-a-share payout, up
Read moreBroker snap: UBS upgrades AVEVA on valuation grounds
10th May 2012 10:26
Engineering software provider AVEVA was performing well on Thursday morning, helped by an upgrade by UBS from sell to neutral. The broker says that the stock is now trading at a 2012 EV/NOPAT multiple of 18.5 which "more reasonably balances the growth opportunities in Product Lifecycle Management (
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreNew chairman for Aveva
26th Apr 2012 10:49
FTSE 250 engineering technology firm Aveva has announced a new chairman. Incumbent Nick Priest is set to step down from the job at the company's annual general meeting in July. The company said Philip Aiken would join the board at the start of May as Deputy Chairman and, subject to election by sha
Read moreTuesday tips round-up: Evraz, Aveva, APR Energy
17th Apr 2012 07:14
In the Times, Tempus takes a peek at the fount of at least some of Roman Abramovich's wealth, the steel firm Evraz in which he holds a 30 per cent stake. Despite rumours of a possible merger with rival Severstal the shares look cheap, trading at just 5.6 times forecast earnings for 2012. But Tempu
Read moreMonday broker round-up - UPDATE
16th Apr 2012 08:22
AMEC: Investec keeps buy rating and 1,300p target. AVEVA: Merchant Securities maintains buy recommendation and 1,800p target; Invetec cuts target from 1,900p to 1,850p, buy rating kept. Barclays: Investec maintains buy rating and 240p target. BHP Billiton: UBS cuts target from 2,500p to 2,400p, b
Read moreLondon pre-open: FTSE tracks US stocks lower
16th Apr 2012 07:30
City sources predict the FTSE 100 will open down 10 points from Friday's close of 5,652, taking their lead from stocks in the US and Asia. Investetor sentiment has also taken a knock from rising bond yields in Spain, giving rise to renewed concerns over the Eurozone. AMEC, the engineering consul
Read moreStrong finish for AVEVA
16th Apr 2012 07:11
Engineering data and design information technology systems provider AVEVA put in a strong finish to the financial year just ended, driven by strong demand from the oil and gas industry. The Europe, Middle East and Africa (EMEA) region continued to perform strongly in the second half of the year, th
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreFTSE 250 movers: Misys leaps on new bid interest
20th Feb 2012 14:36
Misys, the software firm, soared on news it has received a rival bid from Vista Equity Partners, just a fortnight after it agreed a merger deal with Swiss firm Temenos. Despite Misys clocking up solid gains it was CSR which made it into the top spot among FTSE 250 stocks, after the firm's fourth q
Read moreBroker tips: Lloyds, CSR, Aveva
20th Feb 2012 11:24
Nomura has reiterated its reduce recommendation and 35p target for Lloyds Banking Group ahead of the firm's full-year results due later this week. Nomura says that the outlook for both revenue and asset quality has deteriorated over the second half of the year, "which makes us more concerned about
Read moreBroker snap: UBS downgrades Aveva on valuation grounds
20th Feb 2012 10:17
UBS has downgraded its rating for Aveva on valuation grounds but has highlighted "many positives" for the FTSE 250 engineering information technology company. The broker has cut its recommendation from neutral to sell, saying that the stock's valuation looks high with the business's fundamentals "m
Read moreMonday broker round-up -UPDATE
20th Feb 2012 09:08
Whitbread: Credit Suisse recommends trading sell. Morgan Crucible: Credit Suisse raises price target to 375p from 305p. Halma: Credit Suisse raises target to 380p from 310p, upgrades to neutral from underperform. Spectris: Credit Suisse raises target to 1,900p from 1,690p. Lloyds: Nomura re
Read moreLondon midday: Losses pared on talks of progress in Greece
27th Jan 2012 12:06
- Gains pared by midday. - Talks of progress in Greece. - BP falls after Transocean spat. After a sharp decline early on, losses were pared by lunchtime, with the FTSE 100 trading only slightly lower, as talks of progress in Greece helped lift sentiment. European markets on the whole are generall
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