FTSE 250 movers: Ocado up as rumours escalate; Dialight drops
11th Jun 2013 15:10
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the superm
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreBroker tips: AG Barr/Britvic, FirstGroup, Keller
11th Jun 2013 11:19
Canaccord Genuity has upgraded its rating for AG Barr to 'buy' but downgraded its view on Britvic to 'sell' following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday. Comments from Britvic Chairman Gerald Corbett - that the firm is in a "differe
Read moreBroker snap: Britvic's comments on AG Barr merger 'perplexing', says Canaccord Genuity
11th Jun 2013 10:53
Canaccord Genuity has upgraded its rating for AG Barr but downgraded its view on Britvic following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday. The competition watchdog said that the the combined company would not be detrimental to competiti
Read moreLondon open: Stocks fall as ECB gets ready to defend bond-buying plan
11th Jun 2013 08:36
Markets opened firmly in the red on Tuesday morning as traders awaited a courtroom battle in which the European Central Bank (ECB) is expected to defend its bond-buying programme. The two-day hearing into the legality of the ECB's Outright Monetary Transactions programme begins today in the German
Read moreCompetition Commission provisionally approves AG Barr-Britvic merger
11th Jun 2013 08:00
The Competition Commission (CC) has provisionally cleared the tie-up between FTSE 250 soft-drinks giants AG Barr and Britvic, saying that the combined company would not be detrimental to competition and would not cause a big hike in wholesale prices. However, comments from the Chairman of Britvic o
Read moreTuesday broker round-up UPDATE
11th Jun 2013 07:22
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p. Aquarius Platinum: Nomura reduces target price from 90p to 65p, but keeps its buy recommendation. AstraZeneca: Berenberg takes target price from
Read moreLondon close: Stocks finish lower after choppy session
10th Jun 2013 16:57
Monday saw another choppy session on financial markets in the midst of mixed economic data from Asia, though stocks finished firmly off their lows after S&P raised its outlook for the US. Wall Street benchmark opened in positive territory after the opening bell as ratings agency S&P upped its view
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreBroker snap: AG Barr up with events after outperformance, Canaccord downgrades
28th May 2013 10:38
First-quarter results from AG Barr were 'very strong' according to Canaccord Genuity, but the broker has downgraded the soft drinks company from 'buy' to 'hold' following its recent outperformance and share gains. Revenues in the first 15 weeks of the fiscal year to May 12th were up 2.4%, the compa
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreLondon close: Bernanke's dovish tone sparks surge late on
22nd May 2013 17:12
After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs. The benchmark index extended its impressive year-to-date rise to nearly 16% today after Ben Bernanke initiated a dovish to
Read moreFTSE 250 movers: Britvic climbs on strong interims
22nd May 2013 15:56
Soft drinks firm Britvic leapt on the back of a strong set of interim results, after an improved underlying performance across the business, although it did caution on market conditions remain challenging. Kazakhmys was lower after UBS reduced its target price from 465p to 385p and downgraded the s
Read moreLondon midday: Stocks pull back as UK retail sales drop
22nd May 2013 12:02
Disappointing retail sales in the UK saw markets pull back from a 13-year highs on Wednesday morning while traders kept a close eye on central banks around the world. UK retail sales volumes fell sharply in April, by 1.3% month-on-month as the poor weather continued to lead shoppers to forego purch
Read moreBroker tips: ARM, Kazakhmys, Britvic
22nd May 2013 11:29
Shares in chip designer ARM Holdings were under heavy selling pressure on Wednesday following the group's investor day this week, with a number of brokers choosing to remain cautious on the name given the stock's sky-high valuation after a strong rise so far this year. Liberum Capital, Morgan Stanl
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