Monday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreBroker tips: Barclays, Lloyds, Chariot Oil&Gas
22nd Feb 2013 12:38
Investec analysts on Friday retained a 'sell' recommendation for Lloyds Banking Group shares but upgraded Barclays to 'buy.' However, they received two very different reviews from Investec on Friday. Investec told investors to "get back on it" and buy stocks in Barclays as the bank undergoes a mas
Read moreBroker snap: Investec gives differing outlooks on Barclays and Lloyds
22nd Feb 2013 11:05
Investec analysts on Friday retained a 'sell' recommendation for Lloyds Banking Group stocks, but upgraded Barclays to 'buy'. The two UK banks have been making headlines in recent months for alleged financial wrongdoings. Barclays was hit by a string of scandals in relation to LIBOR rigging, whil
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreLondon close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreLondon midday: Footsie breaches 6,400 on stimulus hopes
20th Feb 2013 11:41
The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases. London's benchmark index hit an intraday
Read moreBroker tips: Barclays, RSA, Compass
20th Feb 2013 11:08
After a strong performance over the last few months, Barclays has now been removed from Goldman Sachs' Pan-European 'buy' list and is now rated 'neutral' by the US investment banks. The broker said that following Barclay's strategic review announced earlier this month, the risk/reward in the shares
Read moreBroker snap: Goldman removes Barclays from 'buy' list
20th Feb 2013 09:16
After a strong performance over the last few months, Barclays has now been removed from Goldman Sachs' Pan-European 'buy' list and is now rated 'neutral' by the US investment banks. Since being added to the 'buy' list back on November 16th 2012, shares in the UK banking group have jumped a whopping
Read moreLondon open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreWednesday newspaper round-up: BHP, Sainsbury, Japanese deficit...
20th Feb 2013 06:52
BHP Billiton has named its new chief executive on the same day that it revealed its worst half-year figures for more than a decade. The Australian global mining company has appointed Andrew Mackenzie, the head of its base metals division, to replace Marius Kloppers, who will step down in May. The an
Read moreAviva mandates Barclays to sell Turkish unit, sources say
18th Feb 2013 14:08
Barclays has been ordered to sell the Turkish unit of British insurer Aviva, sources told Reuters on Monday. Aviva mandated the bank to sell the entire unit of its Turkish non-life insurance company Aviva Sigorta. "It's a pretty tough sell as they don't have a banking distribution channel, but the
Read moreHead of investment banking at Barclays says "I'm not going anywhere"
15th Feb 2013 14:30
Rich Ricci, who heads up investment banking at Barclays this week told Financial News that he is "not going anywhere" and gave his full support to Chief Executive Antony Jenkins and his strategy for the investment banking division, where a significant number of jobs are being cut. Ricci also comm
Read moreBroker snap: Investec downgrades Barclays
14th Feb 2013 11:42
Barclays was downgraded to a 'hold' rating by Investec analysts Thursday following the bank's 2012 annual results. "Barclays remains (by far) our preferred UK domestic bank, but we take a breather," Investec broker Ian Gordon said. The comments come after the bank on Tuesday posted its full-year
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
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