Friday broker round-up -UPDATE
25th May 2012 09:16
Aggreko: HSBC upgrades from neutral to overweight. Bumi: Nomura slashes target to 860p from 1,000p, stays at neutral. British Petroleum: Credit Suisse retains outperform, cuts target to 540p from 550p. ARM Holdings: UBS upgrades from neutral to buy, target lifted from 620p to 630p. BAE Systems
Read moreLondon close: Stocks surge as JPMorgan hints at ECB stimulus
24th May 2012 16:38
-JP Morgan suggests ECB rate cut, LTRO restart -EU leaders make little progress -UK contracts more than expected in Q1 An underwhelming EU summit and a barrage of disappointing economic figures failed to hold back gains on Thursday, as the Footsie rebounded following yesterday's steep sell-off. C
Read moreFTSE 100 movers: Commodities get a boost
24th May 2012 15:59
Commodities prices improved on Thursday, buoying the share prices of some blue-chip miners and oil stocks, including Randgold, Vedanta, Amec, BP and BG Group. United Utilities was higher after saying that it has seen a marked improvement in customer satisfaction in the last year or so, and it is
Read moreSector movers: Oil stocks track crude higher on Iran talks
24th May 2012 15:50
Stocks in the oil sector were the best performers on Thursday as crude prices rebounded from a seven-month low. Before the close in London, Brent futures were up $0.93 at $106.55 on the InterContinental Exchange as the P5+1 group of world powers - China, France, Germany, Russia, UK and US - continu
Read moreLondon midday: Stocks shrug off gloomy economic data
24th May 2012 11:45
- Stocks surge after yesterday's heavy falls despite Eurozone travails - China, Eurozone PMIs disappoint - UK contracts more than expected in Q1 Equity markets across Europe on Thursday were seemingly ignoring a barrage of disappointing economic data and last night's underwhelming EU summit, as sto
Read moreLondon close: US jobless data sparks late rally
10th May 2012 16:59
- US jobless claims boost buying late on - BoE keeps interest rates, QE unchanged - Miners shrug off China data as Greek concerns ease London's blue chips rallied in afternoon trade on Thursday after some better-than-expected US economic data and easing concerns about Greece helped to snap a three-
Read moreTuesday broker round-up
8th May 2012 08:35
Balfour Beatty: Investec keeps sell rating and gives new target of 210p. BP: Barclays downgrades from neutral to underweight. Ladbrokes: Nomura maintains neutral stance and 150p target. Morgan Crucible: Jefferies reiterates buy recommendation and 365p target. Rentokil Initial: Jefferies upgrades
Read moreWednesday broker round-up - UPDATE
2nd May 2012 08:37
BP: Jefferies cuts target from 550p to 525p, buy rating kept. British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target. CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p. Halma: Barclays Capital downgrades from
Read moreWednesday tips round-up: BP
2nd May 2012 07:02
The cupboard was very bare this morning for share tips, only the Telegraph had a stock tip: Questor mulls BP's somewhat disappointing quarterly results yesterday. The column makes the point that on a like-for-like basis BP's production actually rose, although asset sales have reduced capacity. Th
Read moreLondon close: US manufacturing data fuels late surge
1st May 2012 16:38
- US data offsets disappointing figures from China, UK - Lloyds leads banks higher, Man Group tumbles - Chemring gains 20pc after contract win With markets cautious early on after some disappointing manufacturing data from China and the UK, an upwards surprise in manufacturing figures Stateside gav
Read moreFTSE 100 movers: Lloyds leaps after first-quarter results
1st May 2012 14:32
Lloyds was the best performer of the day after reporting that its pre-tax profits in the first quarter came in at 288m pounds compared to a massive loss of 3.47bn pounds in the first three months of last year. Nevertheless, Lloyds said it had seen an increase in the volume of complaints being receiv
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read moreGulf between BP's profits and expectations
1st May 2012 10:10
The once mighty BP, now in recovery mode following the disastrous Gulf of Mexico oil spill, is beginning to feel the effects of its massive asset disposal programme. The company's key "underlying replacement cost profit" metric was down sharply in the first quarter. This figure strips out changes t
Read moreLondon open: UK stocks rise on quiet day for global markets
1st May 2012 08:28
- Several bourses closed for May Day - Chinese manufacturing PMI below expectations - Lloyds impresses, BP doesn't With most markets in Asia and Europe closed for May Day on Tuesday, London's FTSE 100 opened with moderate gains as some well-received results from Lloyds and Imperial Tobacco provided
Read moreAMEC wins contract for BP's Mad Dog project
1st May 2012 07:47
Engineering and project management company AMEC has been awarded a topsides design contract by BP for the Mad Dog Phase Two deepwater project in the Gulf of Mexico. "Deepwater projects are increasingly important in helping to meet rising demand for oil and gas around the world," AMEC said in a stat
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