Broker tips: N. Brown, Aveva, Max Petroleum
27th Jan 2012 11:31
Shares of internet and catalogue home shopping specialist N. Brown were given a lift on Friday morning after UBS upgraded its rating on the stock from neutral to buy. "With almost 50% of sales now generated on the internet, significant exposure to a niche, but rapidly growing, oversize clothing mar
Read moreBroker snap: Aveva seeing recovery in China, says Panmure
27th Jan 2012 11:16
Panmure Gordon has maintained its neutral position for Aveva, but acknowledges that the third quarter was positive and highlights an increasing momentum in China. Aveva, the Cambridge based engineering technology company, released a bullish management statement this morning, putting to rest any qua
Read moreFriday broker round-up - UPDATE
27th Jan 2012 09:43
CRH: Liberum Capital downgrades to hold from buy. Misys: Espirito Santo downgrades from buy to sell, cuts target to 263p from 275p. Aquarius: Credit Suisse maintains neutral and price target at £2.1. Lonmin: Credit Suisse maintains underperform and price target at £9.8. Imperial Tobacco: Cit
Read moreLondon open: Stocks fall as Greek talks drag on
27th Jan 2012 08:20
UK stocks slipped in early trading on Friday, giving up some gains made yesterday on the back of the post-Fed rally, as focus again returns to Greece with talks over the debt swap continuing to weigh on investors' minds. Both sides taking part in the negotiations over the degree of private sector i
Read moreNo China crisis for Aveva
27th Jan 2012 07:44
Aveva, the Cambridge based engineering technology company, has released a bullish management statement, putting to rest any qualms that it might be suffering similar problems in China to its rival, Invensys. The problem Invensys had were delays to Chinese nuclear projects, where Aveva itself has in
Read moreFriday preview: Aveva shareholders look for reassurance
26th Jan 2012 16:06
Aveva, the Cambridge based engineering information technology company, issues an interim management statement on Friday, and bearing in mind that sector peer Invensys recently issued a profits warning relating to delays to Chinese nuclear projects, Aveva may be keen to reassure that all is hunky-dor
Read moreWeek Ahead: WH Smith, Aveva, MPC minutes
20th Jan 2012 09:16
With the flurry of Christmas trading updates almost over, next week is looking relatively quiet on the corporate front, with newsagent WH Smith one of the last of the household names from the retail sector to report, when it has its annual general meeting on Wednesday. In its November update WH Smi
Read moreFTSE 250 Movers: Oxford Instruments hits the top note
15th Nov 2011 14:07
High-tech tool manufacturer Oxford Instruments was rising high after it said first half pre-tax profit fell to £12.5m from £13.2m the year before but it sees an improved second half. The group, which makes and supplies tools and systems, said revenue surged over 40% in a 'robust' market environment
Read moreTuesday broker round-up - UPDATE
15th Nov 2011 09:55
Lonmin: Goldman Sachs downgrades to sell from neutral. Antofagasta: Evolution Securities upgrades from sell to neutral, target cut from 1,200p to 1,110p. Standard Chartered: Evolution Securities maintains neutral rating and 1,800p target. Burberry: Merchant Securities keeps buy rating. Burberry:
Read moreAveva falls despite profit growth
15th Nov 2011 08:27
Aveva, the Cambridge based engineering information technology company, has seen revenues rise 9% in the six months to the end of September compared to the same period of 2010. Between April and September the firm turnover totalled £85.2m, producing profits before tax of £26.1m, a rise of 6% on 2010
Read moreSunday share tip round-up: Dechra, Aveva, Persimmon
6th Nov 2011 17:27
The first three months of the financial year started well at animal health-care group Dechra. Revenue in the first quarter is 7.7% ahead of the same period last year, whereas consensus for the current year is for revenues to rise 4.7%, so this result looks good. Particularly heartening for The Sunda
Read moreLondon close: Higher finish amid euro optimism
14th Oct 2011 16:46
The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF
Read moreLondon midday: Stocks rise after Slovak vote
14th Oct 2011 12:18
The top share index is buoyant after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MPs, two days after they voted against the
Read moreUPDATE: Friday broker round-up
14th Oct 2011 08:59
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendation maintained. Renishaw: Singer Capital Markets slashes target from 1,350p to 900p, fair value rating kept. Royal Bank of Scotland: Evolution Secur
Read moreLondon open: Footsie flat early on
14th Oct 2011 08:35
The Footsie has opened flat despite expectations that Thursday's vote by Slovakia to expand the Eurozone' rescue fund would give a boost to equities early on. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MP
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