Tuesday broker round-up - UPDATE
13th Dec 2011 09:54
Amec: Citi upgrades to buy from sell. Royal Dutch Shell: Citi downgrades to neutral from buy. Petrofac: Investec reiterates buy, 1,705p target under review. Petrofac: Evolution Securities reiterates add and 1,700p target. Whitbread: Evolution Securities keeps buy rating and 1,800p target. Whitb
Read moreLondon close: Higher finish amid euro optimism
14th Oct 2011 16:46
The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF
Read moreFTSE 250 Movers: Upgrade to Ferrexpo sends it higher
14th Oct 2011 12:55
Ferrexpo, was one of the high risers after the firm was upgraded from neutral to buy by UBS. The broker notes that the stock - while being up 34% from the 52-week low of 238.7p on 4 October on the back of mergers & acquisition speculation - is still down 35% from the high of 499p in July. Ophir E
Read moreLondon midday: Stocks rise after Slovak vote
14th Oct 2011 12:18
The top share index is buoyant after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MPs, two days after they voted against the
Read moreUPDATE: Friday broker round-up
14th Oct 2011 08:59
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendation maintained. Renishaw: Singer Capital Markets slashes target from 1,350p to 900p, fair value rating kept. Royal Bank of Scotland: Evolution Secur
Read moreLondon open: Footsie flat early on
14th Oct 2011 08:35
The Footsie has opened flat despite expectations that Thursday's vote by Slovakia to expand the Eurozone' rescue fund would give a boost to equities early on. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MP
Read moreUK remains a drag on Computacenter growth
14th Oct 2011 07:50
Information technology services provider Computacenter is on track to meet its full-year targets after third quarter continued on much the same lines as the first two quarters. Revenue growth for the quarter, on a reported basis, increased by 5% to £652m from £621m in the corresponding quarter of l
Read moreLondon pre-open: Slovak vote to give a small lift
14th Oct 2011 07:21
The ratification at the second attempt by the Slovak parliament of the expansion of the European bail-out fund has given sentiment a small boost, and London's top shares look set to start the day on the front foot. City sources predict the FTSE 100 will open around 30 points up from yesterday's cl
Read moreBroker snap: UBS reiterates buy on Computacenter
31st Aug 2011 13:03
UBS has kept its buy rating on IT infrastructure services and solutions provider Computacenter, saying that the firm now has a "better balanced business model". The broker notes that the second half has started solidly, after the firm indicated that July and August trading has been good, with a par
Read moreBroker tips: British Land, Land Securities, Computacenter...
31st Aug 2011 12:58
Assuming negative net asset value (NAV) growth in the UK in the next 12 months, Morgan Stanley has downgraded real estate investment trust (REIT) peers British Land and Land Securities from overweight to underweight, causing shares to take a tumble on Wednesday. "We think it is unlikely capital va
Read moreWednesday tips round-up: Computacenter, Bunzl, Booker...
31st Aug 2011 06:32
Mike Norris, the chief executive of Computacenter, claims to be more pleased by the successful transition of the group's British operations to a new IT programme, which went live yesterday morning, than he is with interim figures yesterday, says the Tempus team at the Times. But the upgrade, which f
Read moreComputacenter profit rises 25%
30th Aug 2011 07:26
IT infrastructure services and solutions provider Computacenter reported a 25% increase in first half pre-tax profit after strong growth in France and Germany offset a weaker performance in the UK. Group adjusted profit before tax rose to £26.6m for the six months ended 30 June 2011 from £21.3m a y
Read moreComputacenter to buy Swiss IT services provider
21st Jul 2011 13:03
Information technology (IT) infrastructure services and solutions provider Computacenter has acquired an 80% stake in Swiss IT services provider DAMAX for a debt free cash consideration of £54m. Under the deal terms, Computacenter has acquired 80% of the equity, as well as over £1.5m net cash of th
Read moreWednesday tips round-up: Yell, Vectura, Computacenter...
13th Jul 2011 06:45
Is there something to Yell about at last for yet another business struggling to cope with the impact of the internet revolution? asks the Independent. To be sure, investors in the company have had a torrid time in recent years. All of a sudden, however, the shares are showing signs of life. What's d
Read moreLondon midday: Thomas Cook shares fall further
12th Jul 2011 12:03
Stocks are heavily under pressure today amid growing concerns over the Eurozone crisis. Meanwhile travel group Thomas Cook's share price is taking a severe battering. Thomas Cook's shares are down by more than a quarter now after it said its third quarter results will miss expectations as the turmo
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