Broker tips: Defence and aero stocks, JD Sports, Greene King
8th Jun 2009 13:01
Goldman Sachs has been reviewing the aerospace and defence sector and foresees a tough time from 2011 onwards for companies with a large exposure to the UK and US defence markets, on expectations of a reduction in military operations in Iraq and Afghanistan. Goldman Sachs has downgraded defence sto
Read moreBroker snap: BAE to feel the pinch, says Goldman
8th Jun 2009 12:46
Goldman Sachs has been reviewing the aerospace and defence sector and foresees a tough time from 2011 onwards for companies with a large exposure to the UK and US defence markets, on expectations of a reduction in military operations in Iraq and Afghanistan. The broker said that 2011 should mark th
Read moreLondon midday: Miners weigh down Footsie
8th Jun 2009 12:19
London's blue-chip index is doing its usual trick of following the miners, which today are in a down phase. The worst performers in the mining sector are Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo and Antofagasta. Hochschild Mining follows
Read moreThursday's newspaper round-up: Standard Chartered, Sportingbet, BAE
4th Jun 2009 06:01
There may be some volatility ahead for Standard Chartered, as Questor thinks that global stock markets may retrench after recent gains, so some investors may wish to wait and see what happens, but Questor is including its shares in the portfolio today. Buy, says the Telegraph. If the US Department
Read moreLondon close: Footsie buoyed by global rally
1st Jun 2009 16:35
London's top stocks finished with stellar gains as optimism about the global economy boosted markets worldwide. Hopes of a recovering economy pushed forward commodities. Oil is near $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. C
Read moreBroker snap: BAE to benefit from US budget shake-up
7th Apr 2009 10:16
Defence shares are in focus after the US announced a big shake-up of its military budget on Monday evening, with BAE Systems one of the winners, as a result of a proposed increase in production of the F-35 jet fighter, which it part builds. 'BAE is the big beneficiary - it builds around 20% of the
Read moreBroker snap: Buy BAE after sell-off, JPM says
24th Jun 2008 10:10
JP Morgan has reiterated its 'overweight' rating on BAE Systems after the defence giant's share price fell heavily amid concerns about an investigation by the US Department of Justice (DoJ). The DoJ is investigating an arms deal between BAE and Saudi Arabia. Shares in the company have come off high
Read more