Friday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreLondon open: Markets cautious ahead of US jobs report
6th Jul 2012 08:56
- Markets look ahead to US jobs report - Investors shrug off central bank action - Aviva jumps on Delta Lloyds disposal Following a subdued reaction to central bank policy decisions yesterday, European markets were lower in early trading on Friday as investors looked ahead to key employment data in
Read moreFriday newspaper round-up: Sinners, BP, North Sea
6th Jul 2012 07:12
A group of 172 leading economists have written an open letter to Angela Merkel warning her that her decision to agree to allow Eurozone bail-out funds to support sinner states was "wrong". The economists, who included Hans-Werner Sinn, head of Ifo, the influential think tank, argued that the German
Read moreLondon close: Stocks edge higher as markets digest central bank action
5th Jul 2012 16:38
- BoE ups QE; ECB and PBoC cut rates - Concerns over Chinese growth dampen sentiment - GKN rockets after acquisition, trading update, placing After a subdued morning, markets were choppy in afternoon trade on Thursday as investors took in major policy decisions by central banks in the UK, Europe an
Read moreFTSE 100 movers: GKN leaps into the top spot after acquisition
5th Jul 2012 13:15
Shares in GKN rocketed after the announcement of its acquisition of Volvo Aero for 633m pounds. To help fund the deal GKN aims to place £140m of new shares with institutional investors, with the rest of the money coming from new debt facilities. Investec reiterated its 'buy' recommendation for the
Read moreLondon midday: Stocks edge higher as BoE ups QE
5th Jul 2012 11:35
- BoE increases QE, maintains Bank Rate - ECB expected to cut refi rate to 0.75 per cent - GKN jumps higher after 633m-pound Volvo Aero purchase The Footsie was registering moderate gains in morning trade on Thursday as investors hoped that the Bank of England would inject more stimulus into the su
Read moreMoody's cuts Barclays rating outlook to negative
5th Jul 2012 09:17
Ratings agency Moody's has changed its outlook for Barclays's standalone bank financial strength rating (BFSR), currently at C-/baa2, to negative from stable. The A2 senior debt and deposits rating had already been lowered to a negative outlook due to expectations that the UK will reduce its supp
Read moreLondon open: Markets cautious ahead central bank decisions
5th Jul 2012 08:35
- BoE expected to increase QE - ECB predicted to slash rates - GKN rockets after Volvo Aero acquisition The FTSE 100 was flat in early trading on Thursday with markets cautious ahead of policy decisions in both the UK and Europe due after midday. The Bank of England's (BoE's) Monetary Policy Commi
Read moreThursday newspaper round-up: Barclays, ECB, QE
5th Jul 2012 06:59
City regulators raised concerns with Barclays's board in February about a breakdown of trust with the bank over incidents including a £7.5bn Cayman Islands scheme known as Protium to transfer toxic assets off its balance sheet. Andrew Tyrie, the chairman of the Treasury Select Committee, yesterday q
Read moreLondon close: Stocks flat, attention turns to Barclays late on
4th Jul 2012 16:48
- Former Barclays CEO quizzed by MPs over LIBOR fixing - Market subdued as Wall Street closed - Tomorrow's policy decisions eyed After a brief foray into positive territory, gains for the Footsie were pared in the final hour of trade with the focus shifting to Barclays as its former boss was being
Read moreBroker tips: Barclays, Burberry, Taylor Wimpey
4th Jul 2012 12:10
After assessing the 'large uncertain risk' of the LIBOR scandal, Nomura has cut its rating for under-pressure UK banking group Barclays from 'neutral' to 'reduce' and reduced its target price from 268p to 210p. The broker sees material uncertainties at Barclays arising from: the shape and direction
Read moreLondon midday: Footsie edges lower on weak PMI data
4th Jul 2012 11:34
- PMI data from China and Europe disappoints - US markets closed for July 4th - Investors await policy decisions tomorrow The Footsie was trading within a narrow range of just 17 points on Wednesday as volumes were seen to be light given that Wall Street is closed for Independence Day. Disappointin
Read moreBroker snap: Nomura downgrades Barclays on uncertainty
4th Jul 2012 09:25
After assessing the 'large uncertain risk' of the LIBOR scandal, Nomura has cut its rating for under-pressure UK banking group Barclays from 'neutral' to 'reduce'. In a research note on Wednesday morning, Nomura attempts to quantify the potential size of the issues surrounding interbank lending rat
Read moreLondon open: Markets cautious ahead of policy decisions
4th Jul 2012 08:38
- Ex-div stocks provide a drag in London - Chinese economic data dampens the mood - US markets closed for national holiday UK stocks slipped in early trading on Wednesday with volumes expected to be light as US markets remain closed for Independence Day; investors are likely to be cautious ahead of
Read moreWednesday broker round-up
4th Jul 2012 08:19
African Minerals: Jefferies keeps buy rating and 800p target. Anite: Jefferies raises target from 155p to 160p, buy rating retained. Barclays: Nomura downgrades from neutral to reduce, target cut from 268p to 210p. British American Tobacco: AlphaValue downgrades from add to reduce, target raised
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