Wednesday tips round-up: Imagination, Close Bros., Fresnillo
13th Mar 2013 07:02
Most companies do not get penalised for telling markets that one of their new revenues streams is on track to double, at least in volume terms. Yet that is, to a certain extent, what happened yesterday with Imagination Technologies. Then again, most companies´ shares do not trade at 34 times´ forwar
Read moreStrong banking performance drives rise in operating profit at Close Brothers
12th Mar 2013 07:49
Adjusted operating profit increased 26 per cent to 79.8m pounds in the six months to January 31st 2013 at specialist financial services group Close Brothers underpinned by strong performance within the Banking division. The group reported that the Banking division saw a 26% increase in adjusted ope
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreNext non-exec halves stake
24th Jan 2013 16:07
Steve Barber, a non-executive director of Next, the High Street clothing retailer, has halved his stake in the company with the sale of 5,000 shares. With the shares selling at 4,024p a time the director earned £201,200 before tax. The group said earlier this month that its full year results would
Read moreThursday broker round-up UPDATE
24th Jan 2013 08:20
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera
Read moreMixed performance continues at Close Brothers
23rd Jan 2013 07:05
Finance house Close Bros said strong growth in its banking division was maintained while challenging trading conditions continued to hurt its securities division, with Winterflood dragged down by low retail investor activity. The banking division's loan book recorded 6.0% growth year to date to £4.
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreFriday broker round-up UPDATE
23rd Nov 2012 07:26
African Minerals: Citigroup reduces target price from 500p to 470p, buy recommendation reiterated. Alpha Real Trust: Panmure Gordon reduces target price from 77p to 76p, hold recommendation kept. Antofagasta: Alphavalue raises target price from 1073.30p to 1346.40p and upgrades to add. British La
Read moreLondon pre-open: FTSE to track US and Asia stocks higher
22nd Nov 2012 07:26
City sources predict the FTSE 100 will open up 27 points from yesterday's close of 5,752, tracking gains in the US as sentiment was lifted in the afternoon following reports of a ceasefire deal in the Gaza Strip, announced by US Secretary of State Hillary Clinton and Egyptian Foreign Minister Mohame
Read more'Solid' but mixed start for Close Brothers
22nd Nov 2012 07:14
Close Brothers, the FTSE 250 specialist financial services firm, said it has made a solid start to its financial year though it did highlight a 'challenging' environment in its Securities division. The performance of Securities has "remained slow", the group said in its first-quarter trading update
Read moreClose Brothers Group CEO sells newly vested shares
12th Oct 2012 16:39
Preben Prebensen, the Chief Executive Officer of Close Brothers, the FTSE 250 banking, securities and asset management firm, has sold around half of the 20,422 shares which vested under a matching share award made to the director at his appointment in 2009. 10,657 shares exchanged hands at 845.92p
Read moreWednesday tips round-up: Petra Diamonds, Diageo, Close Brothers
26th Sep 2012 07:21
In the Telegraph, Questor continues to bat for long time favourite, Petra Diamonds. The company has been hit hard by this year's 20% drop in diamond prices and technical problems at its Finsch mine. Petra also has a lot of money to raise to pay for expansion projects. On the plus side, demand for di
Read moreLondon midday: End to restructuring in sight at RBS
25th Sep 2012 11:59
The Footsie moved within a narrow band throughout the morning session, in the absence of any market-moving economic data. There is not a lot of macro data in prospect in the afternoon session, either, with only second-tier economic indicators due out this afternoon Stateside. "US consumer confide
Read moreLondon mid-morning: Seeking direction
25th Sep 2012 09:51
London opened little changed, with pundits citing an absence of big economic data to set the tone. RBS aiming to restart divis ... eventually Royal Bank of Scotland (RBS), the publically owned bank, says it is targeting the resumption of dividend payments after 2013. The announcement came in a
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