Friday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreThursday tips round-up: FirstGroup, Bunzl
12th Dec 2013 10:31
Sometimes acquisitions can go terribly wrong. That's what happened after First Group's debt-financed purchase of US outfit Laidlaw, in 2007. That has been reflected in the company's share price, which has been off by 80 per cent since then, while rival Stagecoach has seen its stock price appreciate
Read moreBunzl confirms numbers on track for full year
11th Dec 2013 07:12
Distribution group Bunzl confirmed full-year revenue and margins figures were still in line with recent guidance, as it approached its year end. As at its October third-quarter results, the FTSE 100 company said annual revenue growth at constant exchange rates is expected to be around 12%, with un
Read moreThursday broker round-up UPDATE
5th Dec 2013 08:15
AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
Read moreEuromoney Executive more than halves stake
15th Nov 2013 16:08
Bashar AL-Rehany, an Executive Director of Euromoney, the international publishing business, this week sold 22,485 shares, reducing his stake to 14,791. The £252,500 disposal, which was made on behalf of his wife, saw the shares sold at 1,123p a piece. The sale was made on Thursday, the same day
Read moreAPR Energy directors sell over 10m pounds-worth of shares
12th Nov 2013 15:58
Power solution provider APR Energy on Tuesday announced large share sales by two of its Non-Executive Diectors. Selling at 1,100p a piece, Matthew Allen, traded in 563,224 shares, while Edward Hawkes, who is also a founder of the company, disposed of 416,113. They pocketed £6.2m and £4.6m, respec
Read moreLondon pre-open: Stocks to rise ahead of UK data
5th Nov 2013 07:25
City sources predict the FTSE 100 will open around 16 points higher than yesterday's close of 6,764, with modest gains in the US and a mixed performance across Asia seen overnight. The gains in the US were driven in part by encouraging earnings from the likes of Kellog Co., and saw investors shrug
Read moreBunzl acquires Canadian cleaning firm
5th Nov 2013 07:01
- Bunzl expands cleaning operations in Canada - Acquisition made for undisclosed sum Distribution and outsourcing group Bunzl has acquired Canadian business Wesclean Equipment & Cleaning Supplies, which supplies to a variety of customer markets. The business, which was acquired for an undisclosed
Read moreCarpetright Chairman trades in 416,500 shares
17th Oct 2013 16:32
Lord Harris of Peckham, the Executive Chairman of Carpetright, this week reduced his stake in the flooring specialist with the sale of 416,500 shares. The sale was made through his company Harris Ventures, which is also connected with Martin Harris, Carpetright's Group Development Director. Harr
Read moreLondon midday: Markets retreat from four-week high on US concerns
17th Oct 2013 11:33
UK markets pulled back from a four-week high on Thursday as investors gave a mixed reaction to an 11th-hour deal on Capitol Hill to increase the debt ceiling and reopen the US government. Nevertheless, losses were trimmed by midday after UK retail sales rose by a better-than-expected 0.6% in Septem
Read moreLondon open: Markets underwhelmed by last-minute US deal
17th Oct 2013 08:37
Stocks slumped on Thursday morning as investors digested a last-minute deal in the States for a short-term increase in the debt ceiling to avert a default and reopen the government. Markets across Europe were registering moderate declines in early trading, with London's FTSE 100 pulling back from a
Read moreBunzl third-quarter revenue growth driven by acquisitions
17th Oct 2013 08:06
Packaging group Bunzl said trading had been in line with expectations helped by its aggressive acquisition strategy. Third-quarter revenues were up 12%, reflecting underlying growth of 2% and the lift which a string of acquisitions has given the business. At the same time the group announced a fu
Read moreLondon midday: Markets pause on US stalemate, mixed Chinese data
14th Oct 2013 11:28
Markets paused at a two-week high on Monday as investors refrained from building as concerns over the US debt ceiling and mixed data from China weighed on risk appetite. London's benchmark FTSE 100 was trading with small gains by midday after finishing Friday's session at 6,483.79, its highest clos
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
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