Friday broker round-up - UPDATE
13th Jan 2012 11:19
Vodafone: Nomura upgrades to buy. Bunzl: UBS cuts to neutral from buy. RSA Insurance: Citi cuts to neutral from buy. BT Group: Nomura upgrades to buy from reduce. RBS: Seymour Price upgrades to buy from reduce. BG Group: JP Morgan raises price target to 1,900p from 1,455p. Tesco: Credit Suiss
Read moreLondon close: Stocks plummet after ECB
8th Dec 2011 16:43
The Footsie took a tumble in the afternoon as initial optimism following the European Central Bank (ECB) decision to cut rates quickly faded after a press conference with its president Mario Draghi. In the last two-or-so hours of trade, London's blue chip index dropped more than 100 points from its
Read moreLondon close: Footsie finishes flat on euro concerns
6th Dec 2011 16:53
The Footsie finished flat on Tuesday, as some worrying comments on the Eurozone by ratings agency Standard & Poor's continued to weigh on sentiment. The index traded within a narrow range of just 51 points today, with investors likely to stay cautious ahead of a pivotal EU summit scheduled at the e
Read moreSector movers: Retailers sold off after gloomy data
6th Dec 2011 16:15
Retailers were the worst performers of the day on Tuesday, falling an average 2.4% after some gloomy comments from the British Retail Consortium (BRC). Consumers are keeping "a tight rein on their spending, despite Christmas being so near", the BRC said today. Total sales were up 0.7%, against a 2
Read moreBroker tips: Vectura Group, Intermediate Capital Group, BT Group
25th Nov 2011 12:08
Analysts at Singer Capital write today that, "NVA237 (COPD) has been filed with Japanese regulators by Vectura's development partner Novartis. In addition Vectura has highlighted a respiratory-based copromotion agreement between Novartis and Japanese company Eisai, whereby the latter will help marke
Read moreBroker snap: C.Suisse reiterates outperform on BT despite Europe
25th Nov 2011 10:16
Analysts at Credit Suisse have this morning reiterated their outperform stance on shares of BT Group. The above despite cuts to their forecasts for BT´s Global IT Services division, on the back of economic weakness in the Eurozone. As well, Credit Suisse now expects to see less growth in market line
Read moreFriday broker round-up: Atkins WS, Johnson Matthey, BT
25th Nov 2011 09:58
Atkins WS: UBS reiterates neutral, raises price target to 600p from 560p. Johnson Matthey: UBS reiterates buy, ups target to 2015p from 1915p. Lloyds: UBS reiterates buy, lowers target to 55p from 60p. BT Group: Credit Suisse reiterates outperform. Intermediate Capital Group: Credit Suisse reite
Read moreAT&T to take a $4bn T-Mobile USA charge
24th Nov 2011 12:50
US telecoms titan AT&T will be taking a $4bn charge in the fourth quarter due to the possible collapse of the T-Mobile USA acquisition from Deutsche Telekom. The news was broken by German telecoms firm Deutsche Telekom, which said: "AT&T has announced it expects to recognise a pre-tax accounting c
Read moreFriday newspaper round-up: Interest rates, referendum, pensions, BT
4th Nov 2011 06:36
In a speech on Thursday, Barclays chief executive Bob Diamond gave his strongest endorsement yet of the government's economic policy, saying it had saved Britain from having to pay far higher rates to borrow on international markets."I know it's oversimplified, but if the UK government had to pay 6%
Read moreLondon close: Company updates impress, Euro-crisis rages on
3rd Nov 2011 16:36
The Footsie finished near its highest levels of the day on hopes that the Greek referendum will be cancelled. Nevertheless, it was a busy day for investors with rumours in the Eurozone dominating the swings in the market throughout the session, and the European Central Bank revealing a surprise deci
Read moreFTSE 100 movers: Updates broadly impress, Tate & Lyle jumps
3rd Nov 2011 16:03
Tate & Lyle jumped over 5% higher after reporting stronger-than-expected first half results with adjusted pre-tax profits of £180m. The sweeteners group said the numbers, which were 10% ahead of what analysts expected, came as a result of strong demand across a number of markets. Panmure Gordon rais
Read moreSector movers: Telecoms titans deliver
3rd Nov 2011 15:36
It's been a bonanza day for the telecoms sector with both Cable & Wireless Communications and BT pleasing the market with trading updates. Cable & Wireless Communications'revenue in the six months ended 30 September reached $1.44bn, up 24% from $1.16bn the year before, helped by the first-time cont
Read moreLondon midday: Back in the blue, Tate & Lyle leads the rise
3rd Nov 2011 12:10
The Footsie was back in the blue by midday after an up-and-down morning, as investors keep a close eye on developments in the Eurozone. However, dampening sentiment closer to home has been a study by National Institute of Economic and Social Research (NIESR) which suggested that the UK economic fa
Read moreLondon open: Footsie heads lower as G20 heats up
3rd Nov 2011 09:08
BThe Footsie fell lower on Thursday morning, with investors keeping a cautious eye on developments in the Eurozone, as the G20 Summit begins to heat up in Cannes. GREEK ROWS ONGOING It's now make-or-break time for Greek prime minister George Papandreou, after German chancellor Angela Merkel and Fr
Read moreGlobal Services revival continues at BT
3rd Nov 2011 09:05
Telecoms titan BT kept its full-year outlook unchanged after a second quarter performance that reinforced its confidence of hitting its targets. Adjusted profit before tax, which excludes the effects of a retrospective regulatory ruling in Germany, rose 15% to £570m in the three months to 30 Septem
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