Friday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreLondon open: Markets edge higher despite growing UK concerns
20th Dec 2013 08:27
- UK consumer confidence falls - BoE admits to poor economic estimates - S&P downgrades EU to 'AA+' - BAE tumbles after UAE walks away from Eurofighter deal techMARK 2,732.19 -0.10% FTSE 100 6,595.40 +0.16% FTSE 250 15,592.04 +0.01% UK stocks edged higher on Friday morning with markets hitting the
Read moreFriday newspaper round-up: BAE Systems, interest rates, British Gas
20th Dec 2013 07:15
BAE Systems suffered a bruising setback after Britain's negotiations to supply 60 Typhoon fighter jets to the UAE collapsed and pricing talks on a separate deal with Saudi Arabia stalled. - Financial Times Millions of homeowners will be forced to rein in their spending or take a second job when int
Read moreUAE axes plan to buy Eurofighter Typhoons from BAE Systems
19th Dec 2013 17:54
The United Arab Emirates has ditched talks with arms group BAE Systems and the UK government to buy Eurofighter Typhoon jets. The UAE had "elected not to proceed with these proposals at this time", BAE said in a statement. The UAE had signalled it may order up to 60 Eurofighters, which BAE builds
Read moreLondon close: Stocks erase gains as investors weigh US budget, Fed policy
11th Dec 2013 17:01
- Taper speculation picks up after budget deal - Imagination Technologies drops sharply on H2 guidance - RBS, Lloyds lead banks lower - Defence stocks rise on US budget techMARK 2,674.83 +0.08% FTSE 100 6,507.72 -0.24% FTSE 250 15,396.12 -0.10% After a choppy session, UK markets sank into the red
Read moreSector movers: Defence stocks gain after US budget
11th Dec 2013 15:45
Aerospace and defence stocks were on the rise on Wednesday after a budget deal in Washington removed some uncertainty in the sector, which is heavily dependent on state funding in the States. Chief Congressional negotiators Senator Patty Murray and Representative Paul Ryan last night worked out a d
Read moreFTSE 100 movers: easyJet, BAE Systems, BT Group
11th Dec 2013 15:22
easyJet soared to the top of the FTSE 100 on Wednesday after the airline was upgraded by Goldman Sachs to 'conviction buy'. The bank cited the group's ability to grab market share in the short-haul market in Europe as legacy carriers restructure. Defence and security company BAE Systems gained afte
Read moreFTSE 100: Petrofac, Royal Dutch Shell, BHP Billiton
6th Dec 2013 14:36
Oilfield services group Petrofac rebounded on Friday, a day after heavy falls on concerns about guidance at its investor day on Thursday. "Having hit a two-year low yesterday on rumours that management was reducing long-term earnings forecasts, Petrofac has been besieged by bargain-hunters this mo
Read moreLondon open: Mining stocks drag UK markets lower early on
3rd Dec 2013 08:27
- Miners fall after steep drop in metal prices yesterday - Risk appetite scaled back ahead of US jobs report - HSBC downgraded by Nomura to 'neutral' techMARK 2,657.15 +0.13% FTSE 100 6,580.97 -0.22% FTSE 250 15,306.73 -0.18% Continued weakness in the mining sector dampened the FTSE 100 in London
Read morePerpetual Income and Growth lifts interim dividend
25th Nov 2013 13:52
- Dividend raised 5.9 per cent - NAV rises 7.7 per cent - Basic revenue per share climbs 9.8 per cent Perpetual Income and Growth Investment Trust raised its first half dividend by 5.9 per cent to 5.40p on the back of an increase in revenue return and net assets. Net asset value rose by 7.7% in t
Read moreLondon close: Markets gain on QE speculation, Vedanta drops
15th Nov 2013 17:02
- Stocks extend gains on US stimulus hopes - US industrial production, NY manufacturing data misses forecasts - Vedanta drops sharply after interim report techMARK 2,649.29 0.00% FTSE 100 6,693.44 +0.41% FTSE 250 15,246.58 -0.07% Markets ended Friday's session with decent gains as investors contin
Read moreSector movers: Aero/defence hit by US concerns after Ultra Electronics update
15th Nov 2013 15:42
Aerospace and defence stocks were being sold off on Friday after Ultra Electronics became the latest company in the sector to be hit by concerns over government funding in the States. The defence, transport and energy products company said that due to a "number of headwinds, mainly in the US govern
Read moreFTSE 100 movers: Vedanta shares hit by revenue decline
15th Nov 2013 14:27
Mining group Vedanta Resources dropped sharply lower as investors reacted to a 17 per cent drop in first-half revenue to 6.2bn dollars on the back of falling commodity prices. Shares in Centrica extended yesterday's declines which came after it warned market conditions remained challenging, partic
Read moreLondon midday: Markets extend gains on US stimulus hopes
15th Nov 2013 11:38
- Stimulus hopes continue to drive markets after Yellen comments - Eurozone CPI inflation in line with initial estimate - IAG raises profit forecast for 2015 techMARK 2,653.33 +0.15% FTSE 100 6,692.14 +0.39% FTSE 250 15,283.74 +0.17% UK stocks were registering decent gains on Friday morning follow
Read moreBAE to shed 1,775 jobs in Scotland and Portsmouth
14th Nov 2013 16:36
BAE Systems will cut a total of 1,775 jobs at its shipyards in Scotland and Portsmouth in the next three years. The defence conglomerate revealed these numbers in discussions with unions, with 835 jobs going in Glasgow and Fife, and a further 940 staff posts and 170 agency workers removed at Ports
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