FTSE 250 movers: Berkeley boosted by strong interims
7th Dec 2012 15:55
House builder Berkeley Group jumped early on after seeing revenue and profit surge in the first half, as it declared an interim dividend of 15p per share, compared with nil the year before. Revenue increased 69.4 per cent and pre-tax profit rose 40.7 per cent in the six months to October 31st. ITE
Read moreLondon midday: Markets cautious ahead of US jobs report
7th Dec 2012 11:45
The FTSE 100 was trading within a tight range on Friday morning as caution set in ahead of the eagerly-anticipated US employment report later today. However, providing a drag on sentiment this morning was newsflow from Germany: the Bundesbank now expects just 0.4% growth in the economy next year, d
Read moreBroker tips: PZ Cussons, Berkeley, Cape
7th Dec 2012 11:12
Investec has raised its price target for cosmetic products group PZ Cussons from 300p to 335p after the firm confirmed that it is to return to profit growth in the first half. However, the broker kept its 'hold' rating, saying that much depends on how Nigeria (described as "fragile" by PZ Cussons)
Read moreBroker snap: Panmure hikes Berkeley forecasts after first-half beat
7th Dec 2012 09:01
Panmure Gordon has raised its target price for house builder Berkeley Group from 1,390p to 1,650p following a strong set of interim results. The company reported a 40.7% increase in profit before tax (PBT) in the first half to £142.2m, "ahead of what we were looking for at this stage", Panmure said
Read moreLondon open: Stocks flat after Germany trims growth forecasts
7th Dec 2012 08:28
The FTSE 100 opened broadly flat on Friday following two consecutive days of gains after Germany reduced its economic growth expectations for next year. "Germany's Bundesbank cutting the country's 2013 GDP forecast [...] has taken the shine off the earlier support provided by firm sessions in Asia
Read moreLondon pre-open: FTSE to track US stocks modestly higher
7th Dec 2012 07:31
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,901, tracking reasonable gains seen in the US overnight. Attentions will now turn to Friday's US jobs report, which is expected to show a 90,000 gain in non-farm payrolls in November, significantly lower than the
Read moreBerkeley helped by London housing market in first half
7th Dec 2012 07:23
House builder Berkeley Group saw revenue and profit surge in the first half, as it declared an interim dividend of 15p per share, compared with nil the year before. Revenue jumped 69.4% from £404.9 to £686m in the six months to October 31st, as a result of the sale of residential homes across mix-u
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 250 movers: Dixons continues to surge
30th Nov 2012 14:30
Electrical retailer Dixons surged today, one day after beating first-half forecasts, after its CEO Sebastian James said expressed optimism that his company can benefit from Comet's demise. James said that its Curry and PC World divisions haven't seen "much disruption" from the fire sale by bankrup
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreThursday broker round-up - UPDATE
25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read moreRegenersis CFO buys stake as firm unveils strong results
26th Sep 2012 15:56
Jog Dhody, the Chief Financial Officer of Regenersis, a consumer electronics repair specialist, bought a stake in the firm on Tuesday, opening his account on the same day it posted a 24 per cent rise in operating profits. Dhogy, who joined the board in March of this year, purchased 155,987 shares
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