Tuesday broker round-up - UPDATE
13th Nov 2012 07:11
Aveva Group: UBS raises target price from 1740p to 1810p and downgrades from neutral to sell. Balfour Beatty: Berenberg downgrades from buy to hold. Bovis Homes Group: Deutsche Bank raises target price from 578p to 599p and maintains buy rating. BTG: Deutsche Bank raises target price from 394p to
Read moreTuesday tips round up: Aveva, Wincanton and Bovis Homes
13th Nov 2012 06:43
Tempus in The Times says that the launch last month of Aveva Group's Everything3D product is its most significant since the first computer-aided design software was unveiled in 1973, six years after the company was spun out of Cambridge University. Aveva is one of those British-based global leaders
Read moreBovis sees spike in annual revenue
12th Nov 2012 07:11
Bovis, the FTSE 250 construction, project management, and consulting provider, said it remains on track to deliver a strong increase in revenue in 2012. The group saw a significant increase in private average sales prices due to an improving mix and expects to legally complete around 2,350 homes du
Read moreFTSE 250 movers: Talvivaara gains after reassuring investors
3rd Sep 2012 15:17
Finnish zinc and nickel mining company Talvivaara was a high riser after it denied it will be cutting jobs as part of a cost savings plan. Rumours had been circulating that the low price of nickel would force a reduction in headcount. Shares in Lonmin, one of the world's biggest platinum producers
Read moreTuesday preview: Glencore and Persimmon
20th Aug 2012 16:00
Reporting its first-half numbers on Tuesday morning will be commodities trader and marketer Glencore. The stock was under pressure on Monday on reports that Qatar Holdings has boosted its stake in potential merger partner Xstrata and is looking to block the deal as it demands a sweetened offer fro
Read moreFTSE 250 movers: Amlin rises after returning to the black
20th Aug 2012 13:43
Insurance and reinsurance firm Amlin was higher after revealing a first-half profit compared to a loss the same time a year earlier as catastrophe loss activity reduced sharply. House-builder Bovis Homes rose after seeing profits come in ahead of forecasts in the first half, helping the firm to do
Read moreBroker tips: IMI, ENRC, Bovis
20th Aug 2012 12:59
Jefferies has downgraded its rating for engineering giant IMI from 'buy' to 'hold' ahead of the group's first-half results on Thursday. "Ahead of these results, we lower FY12F & FY13F earnings per share (EPS) by 4% and 2% (cutting underlying assumptions and updating forcurrency) and fear that cons
Read moreLondon midday: Stocks slip as Germany dampens the mood
20th Aug 2012 11:50
- Bundesbank reiterates criticism of ECB bond-buying - ECB considering caps on bond spreads - Xstrata down on concern over Glencore merger After swinging between gains and losses for most of the morning session, the FTSE 100 was trading in the red by Monday lunchtime after Germany's Bundesbank quas
Read moreBovis beats first-half forecasts as profits double - UPDATE
20th Aug 2012 10:55
Bovis Homes saw shares rise on Monday morning after it doubled its profits in the first half, well ahead of brokers' forecasts. Pre-tax profits in the six months to June 30th were up 100% from £8.1m to £16.2m. Peel Hunt was expecting a figure closer to £14.6m, while Panmure Gordon had pencilled in
Read moreBroker snap: Bovis still a 'hold' but results are strong, says Panmure
20th Aug 2012 10:46
Panmure Gordon has upgraded its full-year forecasts for Bovis Homes after the house-builder's interim results came in ahead of expectations. "Whilst our recommendation remains 'hold' on valuation grounds, it is clear that the group is making strong progress against a stable market backdrop," Panmur
Read moreLondon open: Stocks flat early on despite mining weakness
20th Aug 2012 08:42
- Volumes expected to stay low - ECB considering caps on bond spreads - Hopes for Chinese stimulus fade UK stocks opened broadly flat on Monday morning on a quiet day for corporate news as markets remain fixed on developments in the Eurozone and newsflow from China. "Volume remained low last week
Read moreLondon pre-open: Doubts about further Chinese stimulus
20th Aug 2012 07:43
City sources predict the FTSE 100 will open up five points from Friday's close of 5,852, having gained 18 points during Friday's session following positive data from the US. Over the weekend it was reported in Europe by the Handelsblatt newspaper that the European Union could appoint the European
Read moreBovis doubles divi after strong first half
20th Aug 2012 07:03
House-builder Bovis Homes saw profits come in ahead of forecasts in the first half, helping the firm to double its interim dividend. Pre-tax profits themselves actually doubled in the six months to June 30th, up 100% from £8.1m to £16.2m. Peel Hunt was expecting a figure closer to £14.6m. Revenue
Read moreWeek Ahead: Bovis, Persimmon, Diageo, UK GDP
17th Aug 2012 09:49
Results season for the house builders is upon us, and Bovis Homes kicks it off on Monday after releasing what Peel Hunt regarded as the weakest trading statement of all the companies in the sector back in July. Peel Hunt's beef is with Bovis's margins, which the broker thinks look set to slip below
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
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