FTSE 250 movers: Broker notes spur on big movers
15th Dec 2015 15:24
(ShareCast News) - The FTSE 250 looks to finish the day in the green, with the second-tier market up 228.85 point (1.36%) to 17,001.42 mid-afternoon Tuesday. Circassia Pharmaceuticals rose to the top of the ranks after RBC Capital Markets initiated coverage at 'top pick' for the company. "With intr
Read moreLondon pre-open: Stocks seen higher as FOMC meeting looms
15th Dec 2015 07:30
(ShareCast News) - London stocks are set to open higher, rebounding from the previous session's oil-led losses following a positive session on Wall Street. The FTSE 100 is expected to open 60 points higher than Monday's close at 5,934. On the data front, the UK consumer price index is at 0930 GMT a
Read moreAveva plunges after Schneider Electric walks away from takeover talks
15th Dec 2015 07:08
(ShareCast News) - Aveva Group and French suitor Schneider Electric have terminated takeover talks after the pair were unable to reach agreement. The engineering software group said that during the due diligence process, the two companies identified "significant integration challenges" that they
Read moreFTSE 250 movers: Miners slump on Barclays downgrade; DCC shines after interims
10th Nov 2015 14:52
(ShareCast News) - London's FTSE 250 index was down 0.5% to 17,027.36 at 1500 GMT as weakness in the mining sector proved a drag. Kaz Minerals and Vedanta Resources were under the cosh after Barclays downgraded its stance on the stocks and the broader European mining sector. The bank cut Kaz to 'und
Read moreAveva swings to first half loss as Schneider deal remains on track
10th Nov 2015 08:13
(ShareCast News) - Aveva said it swung to a pre-tax loss in the first half of the year on the back of declining oil prices, adding that it hopes to reach definitive terms on the reverse takeover by Schneider Electric in December and complete the deal by mid-2016. For the six months to the end of Sep
Read moreFTSE 250 movers: Aveva Group drives market higher
20th Oct 2015 15:02
(ShareCast News) - The FTSE 250 was up mid-afternoon Tuesday to 16,974.63, rising 57.29 points (0.34%). Shares in engineering software company Aveva Group rallied after Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,450p from 1,977p. "Our discussions with various
Read moreBroker tips: Domino's Pizza, Ocado, Aveva
20th Oct 2015 13:13
(ShareCast News) - Domino's Pizza got a boost after Citigroup lifted the stock to 'buy' from 'neutral' and raised the price target to 1,170p from 760p. The bank said it sees continuing strong UK growth in the medium term through both good like-for-like sales and store roll-out. In addition, it said
Read moreTuesday broker round-up
20th Oct 2015 11:15
(ShareCast News) - Domino's Pizza Group: Citigroup upgrades to buy, bumps up target price to 1,170.00p. Randgold Resources Ltd: Deutsche upgrades to buy, raises target price to 5,050.00p. Aveva Group: Berenberg Bank upgrades to buy, lifts target price to 2,450.00p. Dairy Crest Group: HSBC reiterat
Read moreAveva tops FTSE 250 on Berenberg upgrade
20th Oct 2015 08:30
(ShareCast News) - Shares in engineering software company Aveva rallied in early trade after Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,450p from 1,977p. "Our discussions with various interested parties have strengthened our view that the deal between Aveva an
Read moreFTSE 250 movers: Kaz rides copper's rise, Credit Suisse lifts Aveva target
7th Sep 2015 15:20
(ShareCast News) - The FTSE 250 index fought back from early losses to finish in positive territory on Monday, up 0.21% to 16,842.52 points with miners to the fore. Copper miner Kaz Minerals, like its FTSE 100 copper peer Antofagasta was lifted by improving sentiment in the orange metal. Euromoney
Read moreBroker tips: Centrica, RSA Insurance, Aveva
28th Jul 2015 17:09
(ShareCast News) - Investec upgraded shares of Centrica to 'buy' from 'hold' and raised its price target to 300p from 250p for two reasons. Firstly, it said fear of a potential 'black sky' restructuring of the UK energy sector has now abated. Secondly, an imminent strategy day gives Centrica the cha
Read moreGoldman Sachs upgrades Aveva on Schneider deal
28th Jul 2015 12:29
(ShareCast News) - Goldman Sachs upgraded Aveva to 'neutral' from 'sell' and raised the price target to 2,450p from 1,300p following the company's deal with Schneider Electric. It noted Aveva's announcement earlier in the month that it plans to acquire Schneider Electric assets in what will effectiv
Read moreUBS raises Aveva target price, says Schneider deal looks "sensible"
21st Jul 2015 11:56
(ShareCast News) - UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneider Electric. It said the proposed deal looks sensible and there should be cross-selling opportunities created, although it expects cost saving opportu
Read moreBroker tips: Aveva, SABMiller, Sports Direct
21st Jul 2015 11:28
(ShareCast News) - UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneider Electric. It said the proposed deal looks sensible and there should be cross-selling opportunities created, although it expects cost saving opportu
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
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