Wednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreTuesday newspaper round-up: Italy, Tesco, Rio Tinto...
26th Feb 2013 06:49
The eurozone's debt crisis strategy was in chaos on Monday night after anti-austerity parties appeared on track to win a majority of seats in the Italian parliament, vastly complicating efforts to forge a government able to carry through EU-imposed reforms. In an earthquake result, the Five Star p
Read moreLondon close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreLondon open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreBT announces licence win in 4G spectrum auction
20th Feb 2013 07:18
Telecoms giant BT has secured a spectrum licence in the 4G spectrum auction, which sold a variety of mobile internet airwaves to phone companies across the UK. The licence win was part of the fourth-generation (or 4G) wireless spectrum auction process conducted by Ofcom, which allows smartphones to
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreLondon close: Stocks surge as economic data impresses
1st Feb 2013 16:46
The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreSector movers: Telecoms gain as BT dials the right numbers
1st Feb 2013 15:08
Fixed-line telecoms stocks were making gains on Friday, helped by a strong rise from sector heavyweight BT Group which impressed the market with its third-quarter statement. The company managed to beat profit forecasts in the third quarter as a result of "impressive" cost reduction, according to an
Read moreFTSE 100 movers: Miners rise on positive Chinese data
1st Feb 2013 15:04
Miners were performing well on Friday as continued growth in China's manufacturing lifted the demand outlook for commodities. Fresnillo and Vedanta Resources were among the best performers. Telecoms giant BT was a high riser today after its third-quarter results, as cost control helped it to beat
Read moreLondon midday: Euro manufacturing data lifts sentiment
1st Feb 2013 11:58
A better-than-expected reading of Eurozone manufacturing data helped cement gains for equity markets on Friday morning, as investors await the all-important jobs data due out in the US this afternoon. Expectations are for a 165,000 rise in US non-farm payrolls in January when numbers are released a
Read moreBroker tips: BT, Shell, TUI Travel
1st Feb 2013 10:33
Nomura has reiterated its 'buy' rating and 280p target price for telecoms group BT Group, saying that the firm's third-quarter results have reversed recent negative revenue momentum. The broker noted that BT has improved its underlying growth (excluding transit) rate from -5.5% to -3.1% in the quar
Read moreBroker snap: Nomura hails 'impressive' cost reduction at BT
1st Feb 2013 10:10
Nomura has reiterated its 'buy' rating and 280p target price for telecoms group BT Group, saying that the firm's third-quarter results have reversed recent negative revenue momentum. The broker noted that BT has improved its underlying growth (excluding transit) rate from -5.5% to -3.1% in the quar
Read moreLondon open: Stocks extend gains after strong performance in January
1st Feb 2013 08:29
Markets were performing well in early trading on Friday, extending gains made last month, ahead of the all-important jobs report in the US this afternoon. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. However, as Joe Rundle, head of trading at ETX Cap
Read moreBT reiterates revenue forecasts, analysts positive
1st Feb 2013 07:13
Telecommunications outfit BT Group on Friday released interims which showed third quarter operating profits coming in slightly ahead of expectations, alongside 'in line' revenue figures. In a similar vein, the company reiterated its sales guidance for the full year. More importantly however, the
Read moreFriday preview: Spotlight on BT Group and Tate & Lyle
31st Jan 2013 15:07
All eyes will be on BT Group and Tate & Lyle on Friday as the FTSE 100 companies post financial results. British telecommunications company BT Group is expected to report a steady set of numbers when it unveils its third-quarter statement. Analysts at Liberum Capital predict revenues excluding tr
Read more