Wednesday tips round-up: Centamin, Shell, Barr
10th Jul 2013 06:43
Centamin's 20 per cent rise in shares since the overthrow of President Morsi in Egypt is perplexing, The Times' Tempus column noted. The Morsi government seemed to back the Egyptian miner and its asset, the Sukari goldmine. A lawsuit challenging its right to operate is still before the administrativ
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreLondon pre-open: Strong start expected early on
9th Jul 2013 07:33
A good start to US corporate earnings season and a deal in Greece was lifting sentiment on Tuesday morning, with the FTSE 100 expected to open with strong gains early on. City sources predict London's benchmark index will open up 40 points from yesterday's close of 6,450. Wall Street stocks fini
Read moreBritvic and AG Barr get green light from competition watchdog
9th Jul 2013 07:23
Soft drinks maker Britvic confirmed that the Competition Commission has formally approved its possible merger with Scottish rival AG Barr. "The CC's final decision is that the possible merger is not expected to result in a substantial lessening of competition," Britvic confirmed in a company state
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreFTSE 250 movers: Ocado up as rumours escalate; Dialight drops
11th Jun 2013 15:10
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the superm
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreBroker tips: AG Barr/Britvic, FirstGroup, Keller
11th Jun 2013 11:19
Canaccord Genuity has upgraded its rating for AG Barr to 'buy' but downgraded its view on Britvic to 'sell' following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday. Comments from Britvic Chairman Gerald Corbett - that the firm is in a "differe
Read moreBroker snap: Britvic's comments on AG Barr merger 'perplexing', says Canaccord Genuity
11th Jun 2013 10:53
Canaccord Genuity has upgraded its rating for AG Barr but downgraded its view on Britvic following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday. The competition watchdog said that the the combined company would not be detrimental to competiti
Read moreLondon open: Stocks fall as ECB gets ready to defend bond-buying plan
11th Jun 2013 08:36
Markets opened firmly in the red on Tuesday morning as traders awaited a courtroom battle in which the European Central Bank (ECB) is expected to defend its bond-buying programme. The two-day hearing into the legality of the ECB's Outright Monetary Transactions programme begins today in the German
Read moreCompetition Commission provisionally approves AG Barr-Britvic merger
11th Jun 2013 08:00
The Competition Commission (CC) has provisionally cleared the tie-up between FTSE 250 soft-drinks giants AG Barr and Britvic, saying that the combined company would not be detrimental to competition and would not cause a big hike in wholesale prices. However, comments from the Chairman of Britvic o
Read moreTuesday broker round-up UPDATE
11th Jun 2013 07:22
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p. Aquarius Platinum: Nomura reduces target price from 90p to 65p, but keeps its buy recommendation. AstraZeneca: Berenberg takes target price from
Read moreLondon close: Stimulus hopes drive triple-digit gains for FTSE 100
28th May 2013 16:49
While hopes have now faded for a long-term continuation of stimulus measures in the US, speculation surrounding continued monetary easing in Europe and Japan sparked a huge surge on equity markets on Tuesday. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter par
Read moreFTSE 250 movers: Victrex gains after hiking dividend
28th May 2013 16:19
Polymer manufacturer Victrex was the highest riser on the FTSE 250 index by the close of trading in Tuesday with its share price having jumped nearly nine per cent to 1,769p after its first-half results. Victrex posted modest growth in revenues and volumes in the first six months of its fiscal year
Read moreLondon midday: Stocks bounce back after recent sell-off
28th May 2013 11:20
UK markets were registering impressive gains on Tuesday morning with hopes of continued monetary easing in the Eurozone lifting sentiment as stocks bounced back following last week's sharp sell-off. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last
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