Wednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read morePrezzo founder and family slice off 3.9m shares
26th Sep 2013 15:53
Restaurant chain Prezzo, which has seen its share price double to around 120p in the past year, on Thursday announced that three of its directors, including its founder, had each sold a 1.3m share slice of the company. Jonathan Kaye, the group's Chief Executive Officer, only made a slight dent to
Read moreLondon close: Stocks up but gains limited on Fed uncertainty, mixed data
24th Sep 2013 16:31
Markets closed slightly higher on Tuesday afternoon after a choppy day though upside was limited as investors focused on mixed data and the uncertain future for Federal Reserve monetary policy. Last week's surprise decision by the Fed to maintain its stimulus programme is still fresh in investors'
Read moreFTSE 250 movers: Euromoney rises on strong fourth quarter
24th Sep 2013 16:03
Continued growth in the US, and a return to growth for advertising revenues and acquisitions enabled publisher Euromoney Institutional Investor to issue a strong trading update for the fourth quarter. With improved year-on-year performance in the fourth quarter, the group said it expected to annou
Read moreLondon midday: Market flat after German data comes in mixed
24th Sep 2013 11:30
Stocks were trading broadly flat on Tuesday morning with markets lacking direction after mixed economic data from Germany and concerns about the US economy. The German IFO business climate indicator for the month of September edged up only slightly, yet expectations for the next six months were sli
Read moreLondon open: Markets flat ahead of economic data
24th Sep 2013 08:30
Stocks opened flat on Tuesday morning as ongoing uncertainty over Federal Reserve monetary policy and concerns over the US debt ceiling continue to dominate market sentiment. Investors were also choosing a cautious approach ahead of business confidence data from Germany this morning, as well as Ame
Read moreLondon pre-open: FTSE to open with modest gains
24th Sep 2013 07:32
City sources predict the FTSE 100 will open up around five points from Monday's close of 6,557.37, a modest rise after yesterday's decline of 39 points. Monday saw heavy falls in the banking sector weigh on US markets as uncertainty over Federal Reserve monetary policy and an ongoing debate over t
Read moreClose Bros Asset Management returns to profit
24th Sep 2013 07:04
Finance house Close Bros reported a strong set of full year results as Asset Management returned to profit while Banking and Securities improved and underlined its confidence in future trading with an increased dividend. Adjusted operating income increased 10% to £582.9m for the year ended July 31
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreThursday tips round-up: easyJet, Facebook, Close Brothers
25th Jul 2013 06:41
easyJet issued a bullish statement on Wednesday with a guidance a 50 per cent hike in profits for the year to September. It came after analysts at HSBC downgraded its forecast arguing that the heatwave would mean people were less likely to book holiday flights. The Times Tempus column, however, beli
Read moreClose Brothers reports strong performance in first half
24th Jul 2013 11:00
British specialist financial services group Close Brothers reported a strong performance for the first half of the year, driven by its Banking division. The Banking division saw its loan book increase by 11% to £4.6 bn at the end of June, reflecting growth in motor finance and asset finance. The S
Read moreFTSE 250 movers: AVEVA climbs on cash return plans
24th May 2013 16:04
Engineering data and IT group AVEVA was extending gains after yesterday's results in which it revealed a 100m pound cash return to shareholders. Credit Suisse raised its target price for the shares this morning. IT infrastructure firm Computacenter rose after giving details of a £75m cash return f
Read moreClose Brothers posts strong Q3 results driven by growth in AUM
24th May 2013 07:22
FTSE 250-listed specialist financial services group Close Brothers Group has unveiled strong results for the third quarter relating to the period from February 1st to April 30th, underpinned by growth in the loan book and assets under management. The loan book increased 2.0% to £4.5bn, driven by gr
Read moreAZ Electronic Materials directors try to minimize damage
10th Apr 2013 16:27
John Whybrow, the Chairman of AZ Electronic Materials, which on Tuesday tanked after it issued a warning on full year revenue, has shown his faith in the chemicals company by enlarging his shareholding. Whybrow acquired 40,000 shares at 254p each for a total trade value of £101,600, taking his sta
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
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