Thursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreCredit Suisse expects another good year for small and mid-caps
29th Dec 2012 17:34
2013 should be a good year for small and mid-capitalisation stocks following a strong 2012. That was the view put forth by analysts at Credit Suisse in a research note published on December 20th. Amongst the factors cited by their analysts were the strong historical track record (10% average re
Read moreTuesday broker round-up UPDATE
18th Dec 2012 07:06
African Minerals: Deutsche Bank cuts target price from 610p to 600p, while its buy recommendation remains unchanged. Aggreko: Morgan Stanley reduces target price from 2230p to 1670p and keeps an equal-weight rating. Anglo American: Deutsche Bank moves target price from 2520p to 2268p, while the bu
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read moreLondon close: Footsie closes at worst levels since July
16th Nov 2012 16:37
- Stocks shaken by Middle-East tensions, reports of oil rig fire - US lawmakers class 'cliff' discussions as 'constructive' - Greek haircut worries dent sentiment The FTSE 100 sunk to its lowest level since July on Friday as rising tensions in the Middle East, Eurozone debt concerns and the worries
Read moreSector movers: Melrose takes down engineering sector
16th Nov 2012 15:47
The industrial engineering sector was firmly in the red on Friday afternoon as a heavy fall from Melrose outweighed a good performance from peers IMI and Rotork. A red flag was raised this morning at industrial turnaround specialist Melrose, with the group saying some of its businesses have seen a
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreRevenue grows 2.9 per cent at Bodycote
16th Nov 2012 07:44
Bodycote, the world's largest thermal processing services provider, has reported revenue growth of 2.9 per cent in the four months to the end of October compared to the same period the previous year. At constant currency rates (CER), this rose to 7.6%. Sales in the Aerospace, Defence and Energy
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 250 movers: N Brown jumps after first-half beat
16th Oct 2012 15:12
Internet and catalogue home shopping firm N Brown topped the risers list on Tuesday afternoon, gaining 13 per cent after beating forecasts in the first half. The company reported that revenue in the 26 weeks to September 1st came in at £379.3m, up 4.3% on the year and ahead of the consensus estimat
Read moreBodycote makes 68m-dollar acquisition
16th Oct 2012 07:37
Bodycote, the world's largest thermal processing services provider, has bought US-based Carolina Commercial Heat Treating from Bluewater Thermal Solutions for 68m dollars. The company also commented that trading from July to September was "in line with expectations". The consideration of $68m has
Read moreLondon close: Footsie in late slide
12th Oct 2012 16:48
Footsie ended the week on a dull note, with most of the losses coming at the death. Evraz suspends Czech steel production Russian steel-maker Evraz led the market lower as it said it had suspended steel production in the Czech Republic because of low demand. Credit Suisse stuck the boot into the
Read moreFTSE 250 movers: Morgan Crucible plunges on profit warning
12th Oct 2012 16:10
Industrial materials provider Morgan Crucible has delivered a profits warning as trading conditions have deteriorated across most geographies, particularly in Europe and China. The slowdown in demand has been most pronounced in the Advanced Materials and Technology business, the group said, in an
Read moreLondon midday: Basel III boost for banks
12th Oct 2012 11:44
Leading shares largely trod water in the morning session, although banks had a good session on the back of rumours that the implementation of the strict new Basel III capital rules may be delayed. Financials lead the way Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to
Read more