Thursday tips round-up: Bodycote, UBM, Rio Tinto
26th Apr 2012 06:57
Bodycote, the heat treatment firm, has made a sensible purchase of US outfit Curtiss-Wright, thinks Tempus in the Times. Revenues have also been strong, 8.3% up in the first quarter, with aerospace, defence and energy particularly impressive. The shares trade at around 12 times 2012 earnings, whic
Read moreWednesday broker round-up
25th Apr 2012 09:08
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreBodycote hammers out good first quarter
25th Apr 2012 07:44
FTSE 250 metals and alloys treatment firm, Bodycote, reported a good performance in the first quarter of 2012 and said it was on track to meet full year forecasts. Revenue for the three months to the end of March was 6.9% higher than in the same period last year, the firm said. Sales in its Aerosp
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreLondon close: Stocks plummet on Eurozone fears
4th Apr 2012 16:31
- Miners lead fallers as commodity prices fall - ECB keeps rates on hold, Fed quashes QE3 hopes - Spanish, Italian yields soar No stocks finished in positive territory on Wednesday as Eurozone concerns and fading hopes of additional stimulus in the US fuelled a mass sell-off. The Footsie managed to
Read moreLondon midday: Miners provide a drag, ECB decision eyed
4th Apr 2012 11:43
- Miners track commodity prices lower - Yields rise at Spanish debt auction - ECB expected to maintain rates London's blue chip index was trading well over a whole percentage point lower by midday as Eurozone concerns continued to dampen the mood ahead of a policy rate decision by the European Cent
Read moreLondon open: Stocks slip after QE3 hopes fade
4th Apr 2012 08:21
- ECB to hold rates - Pearson and host of ex-div stocks fall - Kentz drops after major shareholder slashes stake UK stocks fell into the red on Wednesday morning after the US Federal Reserve quashed speculation that it would start another round of quantitative easing (QE) in the near-future. US be
Read moreBBA Aviation boss jettisons incentive plan shares
3rd Apr 2012 16:02
Shares in aviation support service group BBA Aviation are a few pence off their 52-week high, so it was not a bad time for Group Chief Executive Simon Pryce to get shot of a pile of shares awarded under the firm's long term incentive and bonus plans. Pryce jettisoned 323,613 shares at 215.55p each
Read moreMonday broker round-up
2nd Apr 2012 09:26
Ashtead: Jefferies reiterates buy rating and 300p target. Bodycote: Jefferies maintains buy recommendation and 475p target; Investec raises target from 400p to 410p, buy rating kept. BT Group: Jefferies raises target from 237p to 268p, buy rating maintained. Centrica: Investec ups target from 423
Read moreBodycote expands in the US, adds nine facilities
2nd Apr 2012 07:29
Thermal processing services provider Bodycote has bought the heat treatment business of US aircraft manufacturer Curtiss-Wright Corporation, a bolt-on acquisition thought to fit 'extremely well' with the existing business, the group said. Bodycote has purchased nine sites in northern and central Am
Read moreLondon close: US data provides a lift
23rd Feb 2012 16:28
- US data comes in better-than-expected. - EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. London's blue chip index finished strongly on Thursday, gaining nearly 40 points in the final two hours, after some better-than-expected economic data Stateside bo
Read moreSector movers: Bodycote boosts industrial engineers
23rd Feb 2012 16:22
A near-15% jump in the share price of metals and alloys treatment firm Bodycote lifted the industrial engineering sector to the top spot today. Bodycote announced this morning that profits surged 68% after strong demand at its aerospace and defence unit and robust sales overseas. Pre-tax profit fro
Read moreFTSE 250 movers: Bodycote leaps as profits surge
23rd Feb 2012 13:29
Shares in metals and alloys treatment firm Bodycote rocketed after it said profit surged 68% helped by strong demand at its aerospace and defence unit and robust sales overseas. The group said despite economic headwinds, particularly in Europe, the business would continue to make progress in the com
Read moreLondon midday: Gains trimmed after gloomy EU growth forecasts
23rd Feb 2012 11:56
- EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. - German IFO survey comes in at six-month high. After a strong start, gains for the Footsie were pared by lunchtime after the European Commission cut its forecasts for economic growth. The market reaction t
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