London close: Stocks gain on US data, but Cyprus still in focus
26th Mar 2013 16:42
Strong economic data from the States lifted stocks in afternoon trade on Tuesday, but UK markets remained rangebound with one eye kept firmly on Cyprus. US durable-goods orders grew at a 5.7% clip in February from a month earlier, well ahead of the 3.9% increase forecast by the consensus. Meanwhile
Read moreLondon midday: Markets still nervous after Cypriot bailout
26th Mar 2013 11:57
Markets were rangebound on Tuesday morning, making only slight gains, with concerns about Cyprus still very much in focus following the comments made by the head of the Eurogroup yesterday. Following the €10bn deal to bail out Cyprus at the weekend, which involved forcing big losses on uninsured de
Read moreBroker tips: Kingfisher, Kazakhmys, Housebuilders
26th Mar 2013 11:23
Panmure Gordon has reiterated its 'buy' rating and 350p target price for B&Q owner Kingfisher after a more or less in-line set of results for 2012. The broker said: "Having massaged expectations down over the last 12 months, strong cash flow should be the focus today. We are buyers on the view that
Read moreBroker snap: UBS bullish on 'Help to Buy' potential for housebuilders
26th Mar 2013 09:26
UBS has upgraded its ratings for both Redrow and Bovis and now has 'buy' recommendations across the whole UK housebuilding sector, saying that the government's new initiatives should be beneficial for stocks. In spite of a strong sector performance as of late - housebuilders have jumped 58% over th
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreLondon close: Markets volatile after mixed news on Italian election
25th Feb 2013 17:11
The FTSE 100 saw a volatile end to the trading session on Monday as a number of conflicting news reports emerged from the Italian exit polls. Milan's FTSE MIB index gained as much as 4.0% earlier in the day after it was rumoured that centre-left Pier Luigi Bersani could win a majority in both the l
Read moreFTSE 250 movers: Senior jumps after record results
25th Feb 2013 15:14
Aeronautics and industrial component manufacturer Senior was a high riser on Monday after reporting a record set of results for 2012. The company reported a 14% rise in full-year sales last year and a 17% jump in adjusted profits before tax, helped by a strong first year's performance from the West
Read moreLondon midday: Banks lift markets higher despite UK downgrade
25th Feb 2013 11:47
The FTSE 100 was making decent gains on Monday morning in spite of Moody's stripping the UK of its prized 'AAA' credit rating, as sentiment was lifted by central-bank stimulus speculation in the US and Japan. Over the last few days, Federal Reserve Chairman Ben Bernanke showed his commitment to the
Read moreBovis Homes profits surge as sale prices climb
25th Feb 2013 08:35
Bovis Homes Group saw 2012 pre-tax profits jump 69 per cent after achieving higher volumes, improved sales prices and stronger margins. The UK homebuilder delivered profits of £54.1m, compared to £32.1m the year before, meeting the upper end of market expectations. Revenues climbed 17% year-on-y
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreFTSE 250 movers: Bovis Homes Group jumps on Liberium view
5th Feb 2013 16:57
Bovis Homes Group was the sixth biggest gainer on the FTSE 250 on Tuesday after Liberum Capital moved its target price from 465p to 661p while leaving its hold recomendation unchanged. The stock's share price rose 2.94% to 631p. The fifth biggest gainer was Spirax-Sarco Engineering, which published
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