Broker tips: De La Rue, Bodycote, Michael Page
29th May 2013 11:08
Investec has upgraded its rating for banknote maker De La Rue from 'add' to 'buy' following the company full-year results on Wednesday, with the broker saying that the company is in 'increasingly good shape'. "Reduced visibility in ordering patterns from the group's customers continues to impact, p
Read moreBroker snap: JPMorgan downgrades Bodycote on volume concerns
29th May 2013 09:27
JPMorgan Cazenove has cut its recommendation for FTSE 250-listed thermal processing group Bodycote from 'neutral' to 'underweight', saying that the group's outperformance will likely reverse on the lack of volume growth. The company, which provides a range of services including heat treatment, meta
Read moreWednesday broker round-up UPDATE
29th May 2013 08:59
AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr
Read moreBodycote CEO reduces stake by 200,000 shares
22nd May 2013 16:19
Stephen Harris, the Chief Executive Officer of Bodycote, has reduced his stake in the in the heat treatment company with the sale of 200,000 shares. Each of the shares were sold at 546.50p for a total trade value of £1.09m. The transaction comes just under a month after the group posted a four pe
Read moreUnilever director builds stake
20th May 2013 16:30
Ann Fudge, a non-executive director of consumer goods company Unilever has purchased 1,350 American depository receipts, each of which represents one ordinary share. The shares were bought at 2,843.50p each for £38,387 in total. At the end of last month the Anglo-Dutch group admitted that grwoth
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreBodycote lifts first quarter revenue
24th Apr 2013 07:17
Heat treatment firm Bodycote lifted revenue by nearly four per cent in the three months ended March 31st and still expects modest progress during the remainder of the year. Revenue during the first quarter rose 3.9% to £156.5m from the same period last year or 2.9% at constant exchange rates and wa
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreLondon close: Stocks rebound after upbeat US housing data
27th Feb 2013 17:08
Continuing upbeat data from the US housing sector boosted the FTSE 100 in afternoon trade on Wednesday, as stocks tracked Wall Street indices higher. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake of the Italian elections which revealed growing suppo
Read moreFTSE 250 movers: bwin.party leaps on Citigroup upgrade
27th Feb 2013 15:57
Online gaining group bwin.party jumped after Citigroup upgraded its rating for the stock to 'neutral'. "The company´s stock approached technical resistance towards 160p yet seems to have left quite a bullish pattern on charts, although pullbacks are possible given the sharp gains seen over the last
Read moreLondon midday: Sentiment still fragile after inconclusive Italian elections
27th Feb 2013 11:28
Markets across Europe were staging a slight rebound on Wednesday but sentiment was still fragile as political instability in Italy spread fears that the Eurozone crisis could drag on for some time yet. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake o
Read moreLondon open: Markets claw back after sell-off
27th Feb 2013 08:40
Stock markets rebounded slightly on Wednesday morning following a sell-off the day before after the disappointing outcome to the national elections in Italy. Equities across Europe were sold off yesterday in the wake of the Italian elections which revealed growing support for anti-austerity parties
Read moreBodycote boosted by growth Aerospace and Energy business
27th Feb 2013 07:39
Headline operating profit rose 14.4 per cent at Bodycote in the year ended December 31st, boosted by growth in its global Aerospace and Energy business. In its audited results for the year, the company, which provides thermal processing services, reported that its headline operating profit rose to
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