Tuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreLondon open: Stocks rebound on German GDP data
15th May 2012 08:27
- German GDP surprises to the upside - Eurogroup rules out Greek exit - G4S on track to meet full-year guidance Blue-chip stocks opened broadly higher on Tuesday morning following a steep sell-off yesterday which saw the Footsie set a new low for 2012. Helping sentiment this morning was an upwards
Read moreBabcock raises guidance after record year
15th May 2012 07:56
Babcock International, the engineering support services company, expects earnings in the current year to be ahead of previous expectations, thanks to its bulging order book. "Our key markets remain strong and the current economic climate is favourable to the further growth of our business. We have
Read moreTuesday preview: Babcock, Enterprise Inns
14th May 2012 15:51
Babcock International, the engineering support services company, is set to publish full year figures on Tuesday and, according to Panmure Gordon, the key question at this stage is not so much how well the company did last year, but whether it can continue to replenish its bid order pipeline, and whe
Read moreFTSE 250 movers: Babcock up after winning contract
2nd Apr 2012 15:37
Babcock was on the up after its Babcock Dounreay partnership became the Parent Body Organisation of Dounreay Site Restoration, and with it has grabbed the contract to manage the decommissioning, demolition and clean-up of the Dounreay nuclear site. Specialist chemicals maker Yule Catto fell despite
Read moreBabcock JV wins nuclear clean-up contract
2nd Apr 2012 15:04
Babcock International's Babcock Dounreay partnership has become the Parent Body Organisation of Dounreay Site Restoration Limited, and with it has grabbed the contract to manage the decommissioning, demolition and clean-up of the Dounreay nuclear site. The Babcock Dounreay partnership, a joint vent
Read moreWednesday broker round-up - UPDATE
28th Mar 2012 08:24
Babcock: UBS ups target from 800p to 880p, reiterates buy rating. Compass Group: Nomura keeps buy rating and 800p target. GKN: Investec reiterates buy rating and 240p target. Hansteen: Jefferies reiterates hold recommendation and 80p target. Henderson: Investec upgrades from hold to buy. Qineti
Read moreFTSE 250 movers: PZ Cussons at the bottom on the pile
27th Mar 2012 14:26
PZ Cussons, the Imperial Leather soap maker, was in the bottom spot after announcing its second profit warning since November. The company warned that the impact of economic and social tensions in its largest market of Nigeria would be significant, resulting in overall performance being some way be
Read moreLondon midday: Gains pared despite strong performance by banks
27th Mar 2012 11:55
- Government may cut stake in RBS - Defensives sold off - Resolution could split before sale The Footsie was nearly back where it started by midday, after gains were trimmed as heavy losses for Resolution, Compass and utilities stocks weighed on the blue chip index. The earlier rise for London's
Read moreBroker tips: Babcock, Ophir Energy, PZ Cussons
27th Mar 2012 11:47
Peel Hunt has maintained its positive rating for engineering support services group Babcock after an in-line pre-close trading update this morning. "With an acceleration in organic growth to come as the pipeline continues to convert, the potential for increased merger synergies and deleverage conti
Read moreBroker snap: Babcock could enter FTSE 100, says Peel Hunt
27th Mar 2012 11:09
Peel Hunt has maintained its positive rating for engineering support services group Babcock after an in-line pre-close trading update this morning. In its final update ahead of its full year results, the firm said the trading environment for the year had been positive and it hoped to build on its s
Read moreTuesday broker round-up - UPDATE
27th Mar 2012 09:21
Aberdeen Asset Management: UBS ups target from 300p to 310p, buy recommendation maintained. Babcock: Investec raises target from 810p to 850p, buy rating kept; Peel Hunt reiterates buy rating and 855p target; Jefferies keeps buy rating and 780p target. Bellway: Investec downgrades from buy to hold
Read moreLondon pre-open: Stocks track gains in Asia and US
27th Mar 2012 07:35
City sources predict the FTSE 100 will open up 20 points from yesterday's close of 5,903, taking its lead from gains in both US and Asian stocks, which got a boost from a speech from Ben Bernanke, Chairman of the Federal Reserve. Plumbers' merchant Wolseley, no longer drowning in a sea of debt, f
Read moreBabcock rides the outsourcing wave
27th Mar 2012 07:06
Babcock International, the engineering support services company, continues to be one of the lucky companies benefitting from the financial crisis with full year expectations still on track. In its final update ahead of its full year results, the firm said the trading environment for the year had be
Read moreMonday broker round-up - UPDATE
5th Mar 2012 09:03
Weir: Citi cuts to sell from neutral, shaves target to 1,850p from 1,950p. Morrison: Oriel downgrades to sell from reduce. Tesco: Oriel downgrades to reduce from hold. Sainsbury: Oriel downgrades to hold from add. Serco: Bank of America downgrades to neutral from buy. Afren: Credit Suisse rais
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