FTSE 250 movers: AZ Electronic Materials hit by downgrade
10th Dec 2012 15:52
Speciality chemicals producer AZ Electronic Materials was leading the fallers on the FTSE 250 after UBS cut its rating from 'buy' to 'neutral' on valuation grounds, removing the stock from its 'Pan-euro Midcap Key Call List'. Including Monday's over 5% decline (to 360.8p), the stock has still gain
Read moreLondon midday: Markets hit by resignation of Italian PM
10th Dec 2012 11:24
- Italian PM Monti to resign - Japan in recession - Greece extends buy-back offer Stock markets reacted to Mario Monti's resignation with moderate losses on Monday, as the departure of Italy's Prime Minister throws up another curve ball in the ongoing Eurozone debt crisis. Benchmarks across Europe
Read moreLondon open: Italian political uncertainty dampens stocks
10th Dec 2012 08:27
Political uncertainty in Italy and an economic contraction in Japan weighed on stock markets on Monday morning, as investors shrugged off some better-than-expected industrial production figures from China. A close eye will be kept on Italian bond yields today after the weekend's news that Prime Min
Read moreLondon pre-open: Italian uncertainty to weigh on stocks at the start
10th Dec 2012 07:43
After having gained nearly six per cent over the past four weeks, the Footsie is expected to open slightly lower on Monday's session on the news that Japan's economy sank into a technical recession in the third quarter. City sources predict the FTSE 100 will open down 10 points from Friday's close
Read moreMonday broker round-up UPDATE
10th Dec 2012 07:10
Andor Technology: Investec moves target price from 450p to 460p, while reiterating its buy recommendation. Antofagasta: Alphavalue downgrades to reduce, while keeping the target price at 1371p. Ashtead Group: Investec target price from 250p to 475p and reiterates its buy recommendation. Atkins: J
Read moreAG Barr serves up increased revenue
10th Dec 2012 07:07
Irn-Bru maker AG Barr posted a robust increase in revenue in the 18 weeks to the start of December and says it remains confident of delivering on full year expectations. Revenue for the 18 weeks to December 1st 2012 increased 9%, with volumes up by 6.6% from the same time a year before. Year to dat
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 UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreThursday Broker round-up UPDATE
15th Nov 2012 07:21
AMEC: Nomura raises target price from 1240p to 1340p, buy rating remains unchanged. Barclays Capital reduces target price from 1350p to 1320p, underweight rating kept. Atkins (WS): Investec reduces target price from 727p to 700p, hold recommendation maintained. Barr AG: UBS raises target price fro
Read moreLondon close: Footsie drops over one per cent after Rehn comments
14th Nov 2012 16:32
- Olli Rehn says Spain has taken 'effective action' - UK data mixed; BoE cuts growth forecast - Mining and oil stocks sold off The Footsie lost nearly one per cent on Wednesday as risk appetite waned after comments from Olli Rehn on Spain and concerns about the global economy brought out the bears.
Read moreFTSE 250 movers: ICAP looking a bit peaky
14th Nov 2012 16:15
When the Chief Executive Officer says his company is facing one of the toughest periods in his 36-year business career, it should not be too much of a surprise that the shares take a hammering. ICAP, the inter-dealer broker, is the company in question and the shares were duffed over after the compa
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreBarr and Britvic cocktail finally mixed
14th Nov 2012 08:02
J20 and Irn-Bru sounds like a disgusting combination and hopefully J20 maker Britvic and Irn-Bru maker AG Barr won't market a cocktail of the pair now the two giants of the UK soft drinks industry have agreed on a merger. Under the terms of the merger, which has been brewing for at least two months
Read moreMonday newspaper round-up: Greece, Barclays, Britvic
12th Nov 2012 07:08
Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget passed by a 167-128 vote in the 300-member Parlia
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