Wednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreLondon pre-open: Modest rise forecast for FTSE
1st May 2013 07:36
City sources predict the FTSE 100 will edge up seven points from yesterday's close of 6,430, balancing gains seen in the US overnight with caution ahead of tomorrow's central bank decision. America's three key US equity benchmarks finished higher on Tuesday, buoyed by encouraging data from the Ins
Read moreBunzl expands footprint in Australia
1st May 2013 07:11
Distribution and outsourcing firm Bunzl has bought three units from Australian industrial and safety company Jeminex in an attempt to expand its footprint in a key market. The businesses, all based in Sydney, focus on three specialist markets and "significantly increases the size of our business in
Read moreThursday broker round-up UPDATE
18th Apr 2013 07:16
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye
Read moreBunzl makes third acquisition of 2013, updates on Q1
17th Apr 2013 08:06
FTSE 100-listed distribution and outsourcing group Bunzl has made its third acquisition of the year, purchasing Michael Davies and Associates (MDA), a UK-based businesses engaged in the procurement and fulfilment of promotional products and marketing point of sale materials for a variety of customer
Read moreLondon pre-open: FTSE to track US stocks higher
17th Apr 2013 07:41
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,305, tracking gains seen in the US overnight. Across the Atlantic, both corporate news and macroeconomic releases were generally positive, with the 'forward-looking' housing starts numbers undershooting expectatio
Read morePrudential Chairman keeps the faith
3rd Apr 2013 16:05
Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreCairn Energy announces stock purchases by three senior directors
20th Mar 2013 16:23
Cairn Energy on Wednesday announced that its Chief Executive, Deputy Chief Executive, and Managing Director / Chief Financial Officer all increased their holdings in the company, showing their faith after the group delivered a decline in full year pre-tax losses. Chief Executive Simon Thomson and
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreLondon close: Chinese data and Italian uncertainty weigh on stocks
4th Mar 2013 17:16
UK stocks ended the session moderately lower on Monday, pushed into decline by concerns over a stricter mortgage policy introduced in China, in an effort to curb soaring property prices, and political tensions in Italy. The news out of Asia prompted declines amongst resources stocks on fears demand
Read moreBroker Snap: UBS upgrades Bunzl to neutral
4th Mar 2013 13:45
A two-person team of analysts at UBS has upgraded Bunzl to neutral with a target price of 1,250p. UBS previously gave the FTSE 100-listed distribution and outsourcing group a sell recommendation and price target of 1,000p. "Organic growth slowed across 2012, we estimate from approximately 6% in th
Read moreFTSE 100 movers: GKN boosted by upgrade
4th Mar 2013 12:45
GKN shares rose into the top spot after Goldman Sachs raised its target price from 195p to 272p and upgraded the stock from sell to neutral. Capita Group followed closed behind after Jefferies raised its target price from 840p to 1,010p and kept a buy recommendation. The business process manager a
Read moreLondon midday: Chinese mortgage policy puts FTSE in the red
4th Mar 2013 12:00
UK stocks were sitting firmly in negative territory by midday on Monday, pushed into decline by concerns over a stricter mortgage policy introduced in China in an effort to curb soaring property prices. The news prompted declines amongst resources stocks on fears demand for building materials coul
Read moreLondon open: HSBC off following results
4th Mar 2013 08:07
Investors have come back from the weekend to find that the budget sequester in the US is in 'full-swing' after US President Barack Obama and Republicans failed to reach an agreement to avoid 85bn dollars in automatic federal budget cuts which will come into effect throughout what remains of this fis
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