London 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
Read moreBunzl expands into healthcare in Brazil
4th Mar 2013 07:23
FTSE 100-listed distribution and outsourcing group Bunzl has acquired Labor Import Comercial Importadora Exportadora in Brazil. Located near São Paulo, Labor Import is principally engaged in the supply and distribution of own label medical and healthcare consumable products to redistributors as wel
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreXP Power Chairman sells 120,000 shares after results disappoint
26th Feb 2013 16:28
The Chairman of XP Power, Larry Tracey, sold 120,000 shares in the group on Monday, disposing of them for 1,080p a time. The transaction earned the director just short of £1.3m and reduced his stake to 1.28m shares. On Monday the group posted a 9.0% decline in revenue for the year ended December
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreTuesday tips round-up: Bunzl, Persimmon, Hiscox
26th Feb 2013 06:54
Glamorous it ain't. Supplying loo roll, tea bags and plastic cutlery to workplaces worldwide may not set the investor pulse racing, but it's proved very lucrative for Bunzl in recent years. Organic growth has been tortoise-like in recent years, typically growing by around a percentage point more tha
Read moreLondon midday: Banks lift markets higher despite UK downgrade
25th Feb 2013 11:47
The FTSE 100 was making decent gains on Monday morning in spite of Moody's stripping the UK of its prized 'AAA' credit rating, as sentiment was lifted by central-bank stimulus speculation in the US and Japan. Over the last few days, Federal Reserve Chairman Ben Bernanke showed his commitment to the
Read moreLondon open: Stocks gains as market shrugs off UK downgrade
25th Feb 2013 08:19
Markets managed to shrug off the UK ratings downgrade and some disappointing economic data from China on Monday morning, as stocks advanced on the back of optimism surrounding central-bank stimulus. "Signs from the US and Japan indicate they will continue with their monetary policy for some time ye
Read moreFX puts a dampener on growth at Bunzl in 2012
25th Feb 2013 07:29
FTSE 100 distribution and outsourcing group Bunzl said that its 'significant' levels of investment helped to boost revenues in 2012, though foreign exchange rates put a dampener on reported growth. Revenues increased by 5.0% from £5.11bn to £5.36bn last year, helped by good organic growth and the c
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
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