Babcock appoints John Davies as executive director
20th Dec 2012 14:46
John Davies has been appointed as Executive Director at Babcock International Group, the engineering support services company, and will assume the role actively from January 1st 2013. Davies previously held several senior executive positions within VT Group between 2000 and 2010 and became Chief Ex
Read moreLondon close: Stocks rise as investors await the FOMC
12th Dec 2012 16:59
UK stocks finished Wednesday's session with decent gains, extending its recent winning streak into its sixth day, with investors widely expecting the US Federal Reserve to reveal more stimulus measures in the coming hours. The Footsie closed at its highest level since March 19th when it finished th
Read moreFTSE 100 movers: Resources lifted by rising metal prices
12th Dec 2012 14:55
Resource stocks were leading the way on the FTSE by the afternoon on Wednesday, boosted by rising metal prices and hopes that US law-makers can come to an arrangement over the impending 'fiscal cliff'. Optimism was sparked at the weekend following President Barack Obama and House Speaker John Boeh
Read moreLondon midday: Stocks pull into the blue
12th Dec 2012 11:33
The FTSE 100 had pulled into positive territory by Wednesday lunchtime, extending its recent winning streak into its sixth day, but the mood was cautious ahead of the conclusion of the Federal Reserve policy meeting later today. The Federal Open Market Committee (FOMC) meeting is widely expected to
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreWednesday tips round-up: Babcock International, Costain and DS Smith
7th Nov 2012 06:49
Tempus in The Times writes that there are signs now, from Babcock International's halfway figures and the outlook for the next year or so, that orders are coming through as local authorities and central government seek ways to cut spending by having work done more cheaply by the private sector. Babc
Read moreLondon close: Markets in bullish mood ahead of US election results
6th Nov 2012 16:44
- Markets gear up for climax of presidential race - Economic data disappoints - Corporate earnings impress, Resolution leads risers after upgrade The UK stock market shrugged off some disappointing economic data to finish Tuesday's session with decent gains as a barrage of updates and results from
Read moreFTSE 100 movers: Resolution gets boost from Merrill Lynch
6th Nov 2012 15:49
Resolution was the standout performer in the sector today after Bank of America Merrill Lynch raised its rating on the stock from 'neutral' to 'buy'. The US broker cited an attractive dividend yield as one of the reasons behind the move. Lloyds was also rising on the back of reports the the compan
Read moreLondon midday: Stocks extend gains as US heads to polls
6th Nov 2012 11:41
- Stocks gain as eyes turn to US elections - UK industrial production disappoints - Investors digest results from Babcock, M&S, InterContinental... UK stocks rebounded on Tuesday morning following, paring losses from the day before, as markets get ready for the climax of the US presidential race. S
Read moreBroker tips: M&S, Babcock, DS Smith
6th Nov 2012 11:19
Seymour Pierce has raised its target price for High Street retail giant Marks & Spencer from 325p to 265p after a better-than-expected set of interim figures. However, with the stock having outperformed the FTSE All Share index by almost 20% this year, the broker keeps its 'hold' rating on the shar
Read moreBroker snap: 'Hold' Babcock after strong run, say analysts
6th Nov 2012 10:14
Babcock's share price took a hit on Tuesday morning despite the engineering support services group reporting a solid set of broadly 'in-line' first-half numbers. With shares performing extremely well in the year-to-date, analysts believe that the stock is now up with events. Shares have jumped fro
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
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