London open: Soft start but banks shine
12th Oct 2012 08:51
London has taken its cue from Wall Street, which experienced a late swoon yesterday, and opened lower. Stocks on the other side of the Atlantic were initially boosted by jobless data, which showed a fall to levels not seen in over four years, but the good mood did not last, as some pundits claimed
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreImproved profit and divi at Bodycote
26th Jul 2012 09:07
Heat treatment firm Bodycote posted an 8.7% rise in half year pre-tax profit and said its expects growth in aerospace, energy and new technologies to counteract negative economic headwinds. Profit before taxation rose to £43.8m for the six months ended 30 June 2012 from £40.3m before. Revenue rose
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreBodycote CEO ditches chunk of shares
8th May 2012 16:16
Stephen Harris, who has held the role of Chief Executive Officer at FTSE 250 heat treatment firm Bodycote for over three years, sliced off a sizeable chunk of his shares on May 4th. Harris, who has also been a director of Spectris, ditched 94,000 shares at 421.00p each, earning himself the handsom
Read moreBodycote to open new Houston plant
30th Apr 2012 07:08
The heat treatment firm Bodycote says it will open a new surface technology plant in Houston, Texas. The new plant, scheduled to open during the third quarter of 2012, will enable Houston's large oil & gas market to access Bodycote's spray services, which prolong the life of components operating in
Read moreThursday 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
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