Friday tips round-up: Premier Farnell, Kier, BAE/EADS
14th Sep 2012 07:07
In the Times, the Tempus column notes the big surge yesterday by electronic components distributor Premier Farnell. This was probably because of an impressive performance in August when sales increased. The company is seen as a canary in the coal mine indicator of global trends because it has almo
Read moreFriday newspaper round-up: Fed, BAE, Recovery
14th Sep 2012 06:55
America's central bank said it will purchase 40bn dollars (25bn pounds) of mortgage-backed bonds a month to stimulate the housing market and keep long-term interest rates low. In a major departure from the two previous rounds of stimulus, the Fed said it will persist with the policy until the outloo
Read moreLondon close: Stocks surge on hopes for QE3
13th Sep 2012 16:35
- Markets close higher ahead of Fed decision - Greece could need third bailout, says IMF official - BAE's merger with EADS called into question Following a subdued start, UK stocks ended at their highest levels of the day with just an hour or so to go before the announcement of the Federal Reserve'
Read moreFTSE 100 movers: BAE drops on broker notes
13th Sep 2012 14:56
Defence group BAE Systems was also a heavy faller, pulling back after surging yesterday on discussions with aerospace giant EADS regarding a "possible combination" of the businesses. Investec, Societe Generale and Oriel Securities cut their recommendations for the stock this morning. Hot on its hee
Read moreLondon midday: Markets look to Fed for a boost
13th Sep 2012 11:50
- Markets tentative ahead of FOMC announcement - Stocks already priced in stimulus - Next and BAE provide a drag in London The FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yest
Read moreBroker tips: BAE, Next, WPP
13th Sep 2012 11:14
Investec has downgraded its rating for defence giant BAE Systems from 'hold' to 'sell' after yesterday's revelation that the group is in discussions with EADS about a possible merger. The broker has raised its target price from 290p to 350p, 4% below the yesterday's share price. "This is not quite
Read moreBroker snap: Investec tells BAE investors to 'cash in'
13th Sep 2012 09:55
Investec has downgraded its rating for defence giant BAE Systems from 'hold' to 'sell' after yesterday's revelation that the group is in discussions with EADS about a possible merger. Shares jumped yesterday on the news to the 363p mark by the close, which Investec says nearly reflects the shareho
Read moreThursday broker round-up
13th Sep 2012 09:17
Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6
Read moreLondon open: Markets cautious ahead of FOMC meeting
13th Sep 2012 08:27
- Markets focus on FOMC announcement - Next sinks on gloomy outlook - BAE eases after strong surge With all eyes on a Federal Open Market Committee (FOMC) meeting today, UK stocks started flat on Thursday ahead of a key policy decision in the US. "European headline shares opened tentatively this m
Read moreLondon pre-open: Flat start expected for FTSE
13th Sep 2012 07:21
City sources predict the FTSE 100 will open unchanged from yesterday's close of 5,782. BAE Systems surged before the close of trade on Wednesday after it confirmed rumours that it is in talks with European aerospace giant EADS regarding a 'possible combination'. Small gains were seen in the US
Read moreBAE surges on possible tie-up with EADS
12th Sep 2012 17:11
Shares in defence group BAE Systems surged before the close of trade on Wednesday after it confirmed rumours that it is in talks with European aerospace giant EADS regarding a 'possible combination'. "BAE Systems and EADS have a long history of collaboration and are currently partners in a number o
Read moreLondon close: Stocks down ahead of Fed, employment data divides
12th Sep 2012 16:32
- Ex-div stocks and miners weigh on Footsie - Germany approves ESM - All eyes turn to the Fed - Dutch elections tonight Following a stint in the blue after Germany's decision to approve the Eurozone rescue fund, the Footsie had sunk firmly into the red by the close with ex-dividend stocks and minin
Read moreLondon close: Credit Suisse thinks defensive-led rally will continue
6th Aug 2012 17:06
- Greece making progress - RBS up on US sale rumours - StanChart in the spotlight over Iranian transactions UK stocks started the week strongly on the back of improvements in Greece and hopes of imminent action from the European Central Bank (ECB) to stem the crisis. After a meeting between the Tr
Read moreBAE wins South Korea fighter jet contract
6th Aug 2012 15:32
BAE Systems, Europe's biggest defence contractor, has scored a contract with South Korea, which is reportedly worth more than one billion dollars, the majority of which will go in BAE's back pocket. Under the contract the group will upgrade over 130 F-16 fighter aircraft, with the work taking plac
Read moreFriday broker round-up
3rd Aug 2012 08:17
Avanti Communications: Jefferies maintains buy rating and 600p target. BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept. Cairn Energy: AlphaValue downgrades to sell. FlyBe: HSBC initiates coverage with overweight rating and 90p target. Hammerson: Credit Suisse lifts ta
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