UBS stays positive on UK engineers, recent sell-off overdone
28th Oct 2014 10:03
The recent sell-off in the UK engineering sector has been overdone, according to UBS, which predicts that trading should improve in the near term. As part of its review of the sector, UBS has upgraded Rotork from 'neutral' to 'buy' and named Bodycote, Fenner and Spirax-Sarco as other top picks. "Ou
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreBodycote posts strong H1 but warns of currency headwinds
31st Jul 2014 11:43
Specialist coatings group Bodycote reported a strong first half but warned of limited visibility and a bigger currency hit in the second half. The group, which heat-treats jet engine fan blades for the likes of Rolls-Royce, said operating profit before amortisation of intangibles in the six months
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreFTSE 250 movers: Carillion and Balfour lead on merger talk
25th Jul 2014 14:37
Both Carillion and Balfour Beatty leapt after they confirmed rumours they are in discussions about a possible merger. The preliminary talks are to develop a strategy and outline a business plan for a combined entity, which it said would be "underpinned by the evaluation of achievable synergies, futu
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreFTSE 250 movers: IG Group rises on increased divi payment
22nd Jul 2014 15:59
IG Group leapt following what broker Numis Securities termed a "substantial" increase in its dividend payment, up 28% to 22.4p. The financial spread betting firm reported a 2.4% rise in full-year trading revenue to £370.4m. Numis kept its 'add' rating on the stock with a target price of 665p. Secu
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreRSA Insurance UK Chief reduces holding ahead of departure
21st May 2014 16:04
Adrian Brown, the outgoing Chief Executive Officer of RSA Insurance's UK & Western Europe business has reduced his stake in the group after his wife, Sara, disposed of 180,000 shares. The shares were traded in at 491.32p each for a total of £884,376. The transaction comes one month after the di
Read moreExperian director takes advantage of recent decline in share price
19th May 2014 15:56
A non-executive director of credit information group Experian has acquired a stake in the group worth 114,720 pounds, it said on Monday. Jan Babiak bought 11,000 shares at 1,042.91p a piece, taking advantage of the fall seen in the share price in the past fortnight. The decline came after the grou
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read moreBodycote Q1 revenue drops 2.2 per cent as expected
29th Apr 2014 07:50
- YOY fall in Q1 revenue of 2.2 per cent - Up 2.8 per cent at constant exchange rates - Outlook for 2014 unchanged Bodycote on Tuesday reported that group revenue in the first quarter was 2.2 per cent lower year-on-year (YOY) at actual exchange rates, as previously anticipated. The group, which
Read moreLondon pre-open: FTSE to rise ahead of busy session
29th Apr 2014 07:40
The City is set for an upbeat start today, with stocks tracking gains seen in the US last night ahead of a busy day of economic data and following yesterday's close above the psychologically important level of 6,700. City sources predict the FTSE 100 will open around 18 points above yesterday's cl
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