London open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreFTSE 250 movers: New World Resources bounces off record low
21st Jun 2013 14:38
It's been a rough ride for Europe-based hard coal and coke producer New World Resources (NWR), but the stock rebounded strongly on Friday, leading the risers on the FTSE 250 index after hitting a record low the day before. While mining stocks bore the brunt of the dramatic sell-off seen across globa
Read moreTuesday newspaper round-up: Co-op Bank, N Brown, Lonmin...
4th Jun 2013 06:38
According to The Times, The Co-operative Bank filled a big hole in its balance sheet with 900m pounds of cheap funding from the Bank of England in March through its Funding for Lending Scheme. "The same month it decided to stop offering corporate loans to new customers in recognition of the scale of
Read moreTuesday broker round-up UPDATE
30th Apr 2013 08:20
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreLondon midday: Stocks flat as ECB rate cut speculation ramps up
24th Apr 2013 11:49
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreLondon open: Markets extend gains as financial stocks rise
24th Apr 2013 08:20
Strong gains for financial stocks ensured that the FTSE 100 was firmly in positive territory on Wednesday morning, while growing speculation of a rate cut in Europe lifted sentiment. London's benchmark index surged by 2.0% on Tuesday as disappointing purchasing managers' indices from the Eurozone s
Read moreN Brown Group posts rise in annual profits
24th Apr 2013 08:01
Online retailer N Brown Group reported an increase in annual profits as sales rose on the back of a growing trend towards shopping on the web. Profit before tax for the year to March 2nd rose 2.6% year-on-year to £96.4m while operating profit jumped 3.1% to £102.2m. Group revenue climbed 6.0% to £
Read moreMonday broker round-up UPDATE
22nd Apr 2013 07:20
Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
Read moreLeyshon Managing Director builds stake with purchase of 1.8m shares
1st Feb 2013 16:05
Paul Atherly, the Managing Director of China-focused gas exploration company Leyshon Resources, announced Friday that he last week purchased 1.8m shares. Atherly, who has been a director of the company since May 2004, bought the shares at 14.91p a time, costing him £268,380. The transaction was
Read moreN Brown appoints new CEO
31st Jan 2013 07:52
N Brown Group, an online, catalogue and stores retailer, has appointed a new Chief Executive Officer (CEO), replacing Alan White in the role some time before the beginning of July. Angela Spinler, who has been the CEO of The Original Factory Shop since 2009, said she was "delighted" to be joining
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