Tuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreCarnival Chairman reduces stake by around a quarter
26th Mar 2014 15:54
Micky Arison, the long-standing Chairman of cruise line operator Carnival Corp., docked a batch of shares earlier this week ahead of its better-than-expected first quarter trading update. Arison offloaded 525,348 at $40.09 each, reducing his stake to 104.52m shares. The group on Tuesday reported
Read moreAstraZeneca brings on board Mastercard executive
20th Mar 2014 11:15
Pharmaceutical group AstraZeneca has announced that the President of Master Card's International Markets division, Ann Cairns, will be proposed to shareholders for election as a non-executive director. The board has also suggested appointing Cairns to the group's audit committee at upon her electio
Read moreEx-Asos man Williams dips in on arrival at Rightmove
19th Mar 2014 15:57
Peter Williams, a new non-executive director at property website Rightmove, has made a significant statement about his confidence in the company with a 99,463 pounds purchase of shares just over a month after his appointment. Williams filled a similar independent role at online retailer Asos for ei
Read moreJP Morgan says sell AstraZeneca
14th Mar 2014 14:58
Investors in AstraZeneca have been waiting seven years for the company's 15.6bn dollar purchase of US outfit Medimmune in 2007 to pan out and they may have longer to wait. Some things may just not be worth waiting for, as JP Morgan explained to clients, according to the Financial Times. Shares
Read moreLondon midday: Stocks extend losses ahead of Crimea referendum
14th Mar 2014 11:38
- Ukraine tensions rise ahead of Crimea vote - Analysts cut forecasts for China - Banking stocks mixed - US lifts ban on BP GoM contracts techMARK 2,765.64 -0.76% FTSE 100 6,529.08 -0.38% FTSE 250 16,062.45 -0.76% The FTSE 100 was registering losses for the sixth consecutive session as investors s
Read moreLondon open: Stocks down for sixth day on Ukraine, China fears
14th Mar 2014 08:32
- Ukraine crisis steps up a gear - Analysts cut forecasts for China - US lifts ban on BP GoM contracts - Financials gain, miners fall techMARK 2,757.98 -1.04% FTSE 100 6,525.28 -0.43% FTSE 250 16,032.04 -0.95% UK stocks were suffering losses again on Friday, falling for the sixth straight day, as
Read moreAstraZeneca sells Alderley Park site
12th Mar 2014 07:29
Pharmaceutical giant AstraZeneca is selling its Alderley Park site in Cheshire to Manchester Science Parks, a Greater Manchester-based public-private partnership and science park operator. The sale is part of AstraZeneca's plan to establish a new global research and development centre and corporat
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreFTSE 100 movers: Majority of stocks in red as risk appetite weakens
3rd Mar 2014 14:20
UK stocks sank to their lowest levels in two weeks today, with escalating tensions in Ukraine prompting a sharp reduction in risk appetite. This saw investors flee towards safe-haven assets, such as gold and silver, today, pushing the share prices of precious metal producers Randgold and Fresnillo
Read moreLondon open: Stocks drop sharply as Ukraine tensions rise
3rd Mar 2014 08:14
- Ukrainian concerns escalate - US condemns Russian military move - Financials fall sharply - Precious metal miners track gold and silver prices higher techMARK 2,867.09 -1.30% FTSE 100 6,744.93 -0.95% FTSE 250 16,488.43 -1.42% UK stocks were sold off sharply on Monday morning on the back of the
Read moreLondon pre-open: Ukraine to weigh heavily on FTSE
3rd Mar 2014 07:24
The FTSE is expected to open notably lower this morning, hit by the most recent developments in the Ukraine and ahead of what is set to be another busy week. City sources predict the FTSE 100 will open around 80 points lower than Friday's close of 6,809.70. The crisis in Ukraine has stepped up a g
Read moreAstraZeneca receives FDA approval for Bydureon diabetes treatment
3rd Mar 2014 07:14
The US Food and Drug Administration (FDA) has approved AstraZeneca's injectable treatment for type 2 diabetes, the pharmaceutical company announced on Monday. Bydureon Pen, the first and only once-weekly medicine for adults with type 2 diabetes, has been given the green light as a supplement to die
Read moreLondon close: Flat finish as unemployment rises
19th Feb 2014 16:21
- UK unemployment rises to 7.2 per cent - BoE MPC vote to maintain interest rates - US housing starts fall 16 per cent techMARK 2,875.58 -0.22% FTSE 100 6,796.71 0.00% FTSE 250 16,347.33 +0.03% The FTSE closed flat as traders digested UK unemployment data, minutes from the Bank of England's most
Read moreFTSE 100 movers: Sports Direct jumps after strong update
19th Feb 2014 14:02
Sports Direct International shot to the top of the risers after group sales in the quarter to January 26th rose 11.2 per cent from the previous year to 655.4m pounds. Gross profit gained 14.6 per cent to 280.7m pounds during the period with growth across all its divisions including Sports Retail, Br
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