London open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
Read moreBroker tips: REITs, Prudential, BBA Aviation
6th Mar 2012 12:01
Jefferies said that the recent earnings season in the real estate investment trust (REIT) sector was 'reassuringly unexciting' and has reduced its net asset value (NAV) forecasts by 2% on average. REIT share prices are up an average of 9% in the year-to-date, with most of this growth coming in Janu
Read moreBroker snap: Jefferies cuts REIT targets across the board
6th Mar 2012 10:05
Jefferies said that the recent earnings season in the real estate investment trust (REIT) sector was 'reassuringly unexciting' and has reduced its net asset value (NAV) forecasts by 2% on average. "We expected a 'Reassuringly Unexciting' earnings season and that is what we got. NAVs were closely in
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreBroker snap: Credit Suisse downgrades British Land to neutral
14th Feb 2012 14:28
Shares of British Land were suffering on Tuesday afternoon after Credit Suisse downgraded its rating on the property owner from outperform to neutral, saying that it expects "the shares to lack positive momentum for the next few quarters". Credit Suisse said: "the early stage onset of capital value
Read moreTuesday broker round-up - UPDATE
14th Feb 2012 10:40
British Land: Credit Suisse downgrades to neutral from outperform, target cut to 532p from 560p. Barclays: UBS raises target from 199p to 240p, neutral rating kept. Shore Capital upgrades to neutral from sell. Exane BNP upgrades to overweight from neutral. Standard Life: Nomura raises target from
Read moreNew Homeserve director opens account
10th Feb 2012 15:23
A non-executive director of FTSE 250 emergency repair group Homeserve has purchased his first lot of shares one month after joining the firm. Ben Mingay, who joined the board at the start of January, bought himself 20,000 at 250.70p for a total of £50,140. The purchase comes just days after the s
Read moreLondon close: Stocks rise on Greek deal and QE
9th Feb 2012 16:37
- Greek deal agreed, says PM's office. - BoE boosts QE by £50bn. - ECB keeps rates on hold. Stocks were given a boost in afternoon trade on news that Greek leaders had come to an agreement over an austerity package. However, gains were trimmed late on as investors began to assess the very limited d
Read moreFTSE 100 Movers: Tate and Lyle leaves sour taste
9th Feb 2012 12:41
It has been a busy day for results from FTSE 100 heavyweights and the reception for most of them was far from warm. Sweeteners manufacturer Tate & Lyle became the biggest faller among Footsie constituents after reporting a mixed performance in the third quarter, with subdued volume growth in severa
Read moreLondon midday: Stocks hold on to gains as BoE boosts QE
9th Feb 2012 11:45
- BoE boosts QE by £50bn. - Greek leaders clash heads over pensions. - Oil stocks provide a lift to the Footsie. The Footsie held on to moderate gains by lunchtime as the Bank of England announced further stimulus measures to boost the UK economy. Earlier optimism over a draft Greek deal seems to h
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreLondon open: Stocks rise after Greek draft deal
9th Feb 2012 08:19
- Stock nudge higher after Greece drafts agreement. - BG leads oil stocks higher. - Hagreaves, Rio, Rolls-Royce, British Land, Diageo, Tate & Lyle fall after updates. It was a cautious start for the Footsie as stocks edged higher in early trading after Greece's political leaders pushed through a dr
Read moreLondon pre-open: Greek draft deal to boost FTSE 100
9th Feb 2012 07:29
City sources predict the FTSE 100 will open up 19 points from yesterday's close of 5,876, after a draft financing deal from Athens was leaked to the press which detailed tough austerity measures including a 20% reduction in the Greek minimum wage. Mining giant Rio Tinto has hiked its full-year divi
Read moreBritish Land defensively positioned - UPDATE
9th Feb 2012 07:06
Occupancy, income, estimated rental value and, most importantly of all, underlying profits all rose in the third quarter of property group British Land. Underlying profit before tax in the October to December quarter rose 6.3% to £68m from £654m the year before. The net asset value per share climbe
Read moreLondon pre-open: FTSE down as Greek deal is a no show
30th Jan 2012 07:20
City sources predict the FTSE 100 will open down 30 points from yesterday's close of 5,734 after the weekend failed to bring news of a debt solution in Greece. Outsourcing specialist Capita has acquired Fish Administration from private equity firm Inflexion. Capita is acquiring the company for £21
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