Broker snap: Nomura turns bearish on tobacco, downgrades Imperial
8th Oct 2012 08:18
After three years of outperformance for Tobacco (up 75 per cent versus the Euro Stoxx 50 at -14 per cent), there is a risk of underperformance (at least on a 12-month view) as many of the drivers of the 19 per cent per annum average total shareholder return (TSR) since 2009 are less supportive
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreLondon close: Stocks surge after US data, Spanish stress tests
1st Oct 2012 16:45
- US data beats forecasts in September - Reports imply Germany may soften stance on Greece - Banks and miners rise strongly in London - Credit Suisse says Spanish stress test a "generally credible exercise" - Credit Suisse says larger top-down questions remain in stress tests Better-than-forecast m
Read moreLondon midday: Strong start to Q4; Footsie up one per cent
1st Oct 2012 11:24
- Investors taking advantage of underpriced stocks, says analyst - Asian and UK data disappoints - Xstrata rises after agreeing terms with Glencore London's blue-chip index gained strongly in morning trading on Monday with increased risk appetite benefitting the banking and mining sectors as stocks
Read moreBroker tips: Glenstrata, Tesco, Tobacco stocks
1st Oct 2012 11:11
Jefferies has reiterated its 'buy' ratings for potential merger partners Glencore and Xstrata after the companies announced on Monday morning that they had reached agreement on the final terms of a tie-up. Jefferies said that both Xstrata and Glencore shares may underperform for a short period afte
Read moreBroker snap: Investec positive about BATS and Imperial
1st Oct 2012 09:32
Investec has upgraded its recommendation for British American Tobacco (BATS) and reiterated its positive stance on sector peer Imperial Tobacco (IMT) after the stocks' recent underperformance. "The NHS wants us to stop smoking for October. We respond by going long on UK tobaccos," said analyst Mart
Read moreMonday broker round-up
1st Oct 2012 08:58
Barclays: Liberum Capital upgrades to buy, target lifted from 210p to 245p. British American Tobacco: Investec upgrades to buy. Capital & Counties: Seymour Pierce downgrades from buy to add, 233p target kept. Charles Stanley: Peel Hunt downgrades to hold. Electrocomponents: Panmure Gordon downgr
Read moreFriday tips round-up: Imperial Tobacco, United Utilities
21st Sep 2012 06:00
Martin Deboo, analyst at Investec Securities, raises two interesting points about Imperial Tobacco. One, it is the lowest rated across a range of 30 consumer goods producers, the shares, as the graph shows, having lost 200p of their value, or approaching 8 per cent, since July. To be fair, the compa
Read moreLondon close: Late rally fizzles
18th Sep 2012 16:50
A late rally which briefly looked like it might see Footsie venture into positive territory for the first time all day was nipped in the bud right at the death. Equities had a dull but fretful day, which started with concerns over China becoming involved in a trade war with the US and a military wa
Read moreFTSE 100 movers: Aviva falls on downgrade
18th Sep 2012 14:39
Broker downgrades put insurance titan Aviva on the skids, pushing the stock's dividend yield beyond seven per cent; BofA Merrill Lynch has downgraded Aviva to 'underperform', although the target price has been raised to 360p from 330p, while Deutsche bank has moved to a 'hold' recommendation and edg
Read moreSector movers: European car sales disappoint
18th Sep 2012 12:52
The Automobiles & Parts sector was the worst performer of the morning session after the release of disappointing European car sales data. European car registrations fell 8.5% to 722,483 vehicles in August, from 789,458 a year earlier. In the year to date sales have decreased by 6.6% to 8.59m cars,
Read moreBroker tips: British American Tobacco, Imperial, Galliford, StanChart
18th Sep 2012 12:17
After reviewing key news-flow across the industry in the prior month as well as the latest market data for Spain and Japan cigarettes, Swedish and US smokeless, and US cigars, analysts at Nomura have up-dated their forecasts and price targets for the companies within this sector where appropriate.
Read moreLondon midday: Stocks pare losses after in-line macro data
18th Sep 2012 12:06
Inflation data was in line with forecasts while the Spanish debt auction went as well as could be expected, prompting London equities to claw back some of the losses seen in early trading The Consumer Prices Index (CPI) measure of inflation dropped to 2.5% in August, down from 2.6% in July, helped
Read moreBroker snap: Nomura raises targets on BATs and IMPs
18th Sep 2012 11:59
After reviewing key news-flow across the industry in the prior month as well as the latest market data for Spain and Japan cigarettes, Swedish and US smokeless, and US cigars, analysts at Nomura have up-dated their forecasts for the companies within this sector where appropriate. In greater detail
Read moreLondon open: Stocks retreat ahead of inflation update
18th Sep 2012 08:54
London has opened lower ahead of this morning's inflation figures, with tensions in China putting investors in a cautious frame of mind. There are signs that US President Barack Obama may be keen to pick a fight with China over US jobs. Obama launched action at the World Trade Organisation (WTO) to
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