London midday: Stocks hold slightly lower as Quindell craters
17th Nov 2014 12:20
UK stocks were still registering small losses come midday, weighed down by negative references out overnight from Asia, despite which miners were holding at the top of the leader board. As of 13:14 the Footsie was lower by 13 points to 6,640. Japan´s GDP contracted at a 1.6% annualised rate in the
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreLondon open: Weak Asian data weighs on Footsie
17th Nov 2014 08:47
UK stocks began the day slightly lower, weighed down by negative references out overnight from Asia, despite which miners were registering the largest gains early on. Japan´s GDP contracted at a 1.6% annualised rate in the third quarter, a far weaker outcome than the 2.2% rate of expansion which ana
Read moreBodycote sees more difficult demand conditions in 2015
17th Nov 2014 07:31
Industrial materials engineer Bodycote saw group revenues drop by 3.9% in the four months to 31 October on the back of adverse currency movements, alongside weakness at its aerospace and defence arm and in its automotive business in Western Europe. At actual exchange rates group revenues dropped by
Read moreSector movers: Rotork and Castings drag engineers lower, IMI subdued
14th Nov 2014 14:06
Industrial engineering stocks were out of favour on Friday after Rotork and Castings disappointed with results and the market gave a muted reaction to a trading update from sector peer IMI. Rotork, the actuator manufacturing and flow-control company, saw shares drop 3.8% at 2,404p in afternoon trade
Read moreLondon pre-open: FTSE to glide higher after Chinese data, CBI report
10th Nov 2014 07:43
UK stocks are expected to kick off the week with modest gains as investors digest the latest data out from China over the weekend alongside an upbeat forecast for the British economy from CBI. City sources predict the FTSE 100 will open around 15 points higher than Friday's close of 6,567.24. Data
Read moreBodycote signs eight-year deal with braking systems manufacturer
10th Nov 2014 07:03
FTSE 250-listed Bodycote has signed an eight-year agreement with Messier-Bugatti-Dowty, an aircraft landing and braking systems manufacturer. Bodycote will provide thermal spray coating services for major commercial and military airframe component programmes, including the Boeing 787 and Airbus A350
Read moreUBS 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 more