Thursday tips round-up: Nokia, Berkeley, AMS
6th Sep 2012 07:27
In the Financial Times, the Lex column urges caution on the apparent temptation of Nokia. The stock has collapsed 92pc in the last five years, hammered by the emergence of Apple's iPhone. In the last month though the stock has recovered somewhat, buoyed by Apple's victory in a US patent case against
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreLondon pre-open: Stocks set to fall ahead of ECB meeting
5th Sep 2012 07:29
London's FTSE 100 index is expected to open slightly lower this morning as investors continue to show caution ahead of a pivotal European Central Bank (ECB) monetary policy meeting tomorrow. City sources predict the Footsie will open down around 10 points from yesterday's close of 5,672. Yesterday
Read moreBerkeley Group calls for government to get its finger out
5th Sep 2012 07:01
House builder Berkeley Group has been cracking on with development at its Grosvenor Waterside site on the outskirts of Chelsea, as a result of which this year's earnings are likely to be towards the top end of brokers' forecasts. Trading since the beginning of May have been in line with the board's
Read moreWednesday preview: Berkeley Group, Prezzo
4th Sep 2012 16:15
House builder Berkeley Group has its annual general meeting (AGM) on Wednesday, and although things have gone quiet of late in terms of shareholders grumbling about excessive executive remuneration, broker Northland Capital Partners thinks there may be some questions asked about the long-term incent
Read moreBroker tips: IAG, AstraZeneca, Berkeley
6th Aug 2012 11:25
Credit Suisse has downgraded its recommendation for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, from 'outperform' to 'neutral' on the back of risks to 2013 consensus estimates. IAG reported a second-quarter loss of €4m last week and revealed g
Read moreBroker snap: Investec ups target for Berkeley
6th Aug 2012 10:49
After an 'impressive' performance by house-builder Berkeley in the year to April 30th, Investec has raised its target price for the stock from 1,500p to 1,560p and reiterated its 'buy' recommendation for the shares. "Following last year's announcement of the return of £13 per share by 2021, these r
Read moreMonday broker round-up
6th Aug 2012 08:26
AstraZeneca: UBS ups target from 3,500p to 3,600p, buy rating kept. Berkeley: Investec raises target from 1,500p to 1,560p, buy rating kept. Catlin: Nomura reiterates buy rating and 506p target. Centrica: Deutsche Bank downgrades to hold from buy, target cut from 365p to 320p. Falkland Oil and G
Read moreMonday broker round-up
2nd Jul 2012 09:28
Amlin: Jefferies keeps hold rating and 350p target. Avocet Mining: Numis downgrades to hold, target slashed from 230p to 130p; Westhouse Securities downgrades to neutral, target cut from 262p to 102p; JP Morgan Cazenove downgrades to neutral, target cut from 240p to 100p. Barclays: Investec mainta
Read moreLondon close: Global stocks surge after EU agreements
29th Jun 2012 16:30
- Major breakthrough at EU summit - Equity markets rocket across the globe - Another banking scandal hits Barclays London blue chips rallied on Friday on the back of developments at the EU summit overnight, as analysts hailed the agreements as a major breakthrough. The agreements include: the Euro
Read moreFTSE 250 movers: Berkeley rises on profit surge
29th Jun 2012 13:50
House-builder Berkeley Group jumped after seeing both revenues and profits surge in the 2011/2012 fiscal year and saying it would hit its medium-term profit targets quicker than first thought. ?? Meanwhile, two weeks after confirming speculation that it was interested in German engineering group E
Read moreLondon midday: Summit developments catch markets by surprise
29th Jun 2012 12:01
- EU leaders announce measures to combat crisis - Spanish, Italian bond yields tumble - Banks involved in another scandal Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakthrough' agreements from the first day of the European Council summit. The
Read moreLondon open: Stocks jump on summit developments
29th Jun 2012 08:45
- EU leaders make break-through agreements - FSA reveals another banking scandal - Banks rise after yesterday's sell-off The FTSE 100 surged in early trading on Friday on the back of developments at the EU summit after European leaders issued a joint statement after the first day of discussions. L
Read moreBerkeley profits helped by rising house prices
29th Jun 2012 08:20
House-builder Berkeley Group saw both revenues and profits surge in the 2011/2012 fiscal year and said it would hit its medium-term profit targets quicker than first thought. Revenue jumped by 40.2% from £742.6m to £1,041.1m in the year to April 30th. The group sold 3,656 homes, up from 2,544 the y
Read moreLondon close: Stocks flat as investors digest Budget
21st Mar 2012 16:47
- FTSE 100 unchanged on the day after subdued reaction to Budget - MPC unanimous on interest rates, divided on QE - Weir slumps on negative read-across from Baker Hughes The markets gave a rather muted reaction to today's Budget announced by Chancellor of the Exchequer George Osborne at lunchtime,
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