Broker 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
Read moreLondon open: Stocks edge higher ahead of US elections
6th Nov 2012 08:32
Stock markets across Europe opened tentatively on Tuesday morning as the world gears up for the presidential elections across the Pond later today. While all eyes will likely be on the US today, investors had plenty to distract them this morning in London, with a barrage of trading updates and res
Read moreBabcock confident about bid pipeline after strong first half
6th Nov 2012 07:23
Babcock hiked its interim dividend by over a tenth after hitting analysts' forecasts in the first half, and said it is confident of meeting full-year expectations as its order book remains strong. The firm, which provides engineering support services to the defence, energy, telecommunications, tra
Read moreTuesday preview: US election, M&S, Babcock, Asian Citrus
5th Nov 2012 17:41
The big event on Tuesday is the US presidential election but the exit polls for that won't be published until well after London has shut up shop for the day. On the corporate front, Marks & Sparks (M&S) is set to take centre stage. Seymour Pierce thinks Marks & Spencer will "do the normal trick of
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreLondon open: BP lifts Footsie higher early on
30th Oct 2012 08:45
- Stocks rebound after Sandy-related falls - BP and Imperial gain after results - BoJ expands stimulus Stocks opened strongly on Tuesday morning with mining stocks making gains and oil giant BP providing a lift after raising its quarterly dividend, as markets rebounded following a subdued day yeste
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreHitachi buys UK nuclear project
30th Oct 2012 07:07
Japanese electronics giant Hitachi is set to buy the UK nuclear project Horizon, which was put up for sale by German-owned E.ON and RWE in March. The Horizon project to covers the building of new reactors at Wylfa and Oldbury in Gloucestershire. The deal to build six gigawatts of nuclear capacit
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
Read moreLondon midday: Hargreaves leads risers in morning trade
15th Oct 2012 11:30
- Chinese export data beats forecasts - Eyes on Greece and Spain - Hargreaves Lansdown extends gains. Better-than-expected Chinese export data and hopes for the Eurozone were lifting stocks on Monday morning, with the Footsie up 0.5 per cent by lunchtime. Chinese exports increased at an annual rat
Read moreLondon close: Spanish concerns dampen stocks
2nd Oct 2012 16:37
- Moody's to reveal Spanish review this month - Banks provide a drag on the Footsie - Bumi and Bank of Georgia are big movers on FTSE 250 After a morning rally into the blue, the Footsie had dropped back into negative territory by the close of trade on Tuesday with uncertainty surrounding Spain con
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