London open: Stocks flat as US political deadlock continues
14th Oct 2013 08:38
A political stalemate in Washington over the debt ceiling weighed on risk appetite on Monday morning, with the FTSE 100 holding steady in early trading after hitting two-week highs the previous session. London's benchmark index finished at 6,483.79 on Friday, its highest close since September 27th,
Read moreLondon midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreLondon midday: Markets retreat from six-week high as banks fall
17th Sep 2013 11:23
The upcoming all-important policy decision by the Federal Reserve prompted an element of caution on stock markets across Europe on Tuesday, with the FTSE 100 pulling back from a six-week high. Banking stocks were among the notable fallers in London with Lloyds sinking after the government placed a
Read moreBroker tips: Lloyds, Glencore Xstrata, Bunzl...
17th Sep 2013 11:21
The sale of a six per cent stake in Lloyds by the government was a 'very well-timed' disposal, according to Investec. Investec analyst Ian Gordon said: "We regard the government's timing as impeccable, and it appears credible to suggest that it could yet be out in full by the election." Nevertheles
Read moreBroker snap: Deutsche Bank lifts target for Bunzl on potential M&A
17th Sep 2013 10:02
Deutsche Bank has raised its target price for distribution and outsourcing group Bunzl by over a fifth to include the benefit of potential merger & acquisition (M&A) activity. The target price has been raised by 22.9% from 1,160p to 1,426p. "We do not forecast earnings from future M&A, but have no
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreBroker tips: G4S, Bunzl, African Barrick Gold
28th Aug 2013 11:22
Panmure Gordon has maintained its 'hold' rating and 240p target price for security solutions group G4S after a weaker-than-expected first half, but has praised management's efforts to turn the business around. The broker said that while this will be a year of consolidation for G4S, it is a strong s
Read moreBroker snap: Bunzl's premium rating hard to justify, says Berenberg
28th Aug 2013 09:03
Berenberg has maintained its 'sell' rating for distribution business Bunzl, saying that the stock's premium rating is hard to justify following its strong performance as of late. Since the start of the year, the share price has gained around 36% and is currently trading near all-time highs. The co
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreBunzl acquires UK, Mexico businesses
27th Aug 2013 07:14
Distribution and outsourcing company Bunzl posted a robust set of half year results, despite challenging conditions particularly in Europe, and announced acquisitions in Mexico and the UK. "We have a promising acquisition pipeline and have had an encouraging start to the second half of 2013 with tw
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreThursday tips round-up: Bunzl, Direct Line, Real Good Food
27th Jun 2013 06:36
Bunzl is a boring investment but in these markets, boring is good, according to The Times' Tempus column. As a note from Numis Securities on Wednesday highlighted, there is little that is boring about a share price that has risen by 25 times over 23 years. The latest trading statement from Bunzl al
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
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