Wednesday broker round-up UPDATE
23rd Oct 2013 09:28
Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p
Read moreComputacenter lifts third-quarter revenue
23rd Oct 2013 07:29
- Third-quarter revenue rises - Strong UK and Germany performance, weak in France - Encouraged by pipeline of work European IT services provider Computacenter lifted overall revenue for the third quarter as strong performances in the UK and Germany outweighed weaker results in France. Revenue inc
Read moreFTSE 250 movers: Computacenter hit by downgrade
18th Oct 2013 15:48
IT infrastructure services firm Computacenter was trading in the red on Friday after UBS downgraded the stock from 'buy' to 'neutral'. While the bank said that the stock's valuation is not demanding, it believes the company is "navigating a tricky path in France and Germany's turnaround is at an ear
Read moreBroker tips: RBS, Utilities, Computacenter
18th Oct 2013 12:06
Investec has maintained its 'sell' rating for UK lender Royal Bank of Scotland (RBS), recommending investors not to own the stock ahead of its third-quarter results on November 1st. Analyst Ian Gordon said that the bank will likely fall back into the red in the second half, though most of the damag
Read moreFriday broker round-up UPDATE
18th Oct 2013 11:47
Aggreko: Jefferies reduces target price from 2000p to 1500p downgrading to hold. Andor Technology: Investec ups target price from 410p to 460p and maintains a buy recommendation. APR Energy: Jefferies ups target price from 1125p to 1300p and upgrades to buy. Bellway: UBS raises target price from
Read moreBroker snap: UBS downgrades Computacenter to 'neutral'
18th Oct 2013 10:14
IT infrastructure services firm Computacenter was trading in the red on Friday after UBS downgraded the stock from 'buy' to 'neutral'. While the bank said that the stock's valuation is not demanding, it believes the company is "navigating a tricky path in France and Germany's turnaround is at an ea
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreFTSE 250 movers: Computacenter rises on contract win
9th Sep 2013 18:09
Computacenter was a high riser after beating off competition for a Foreign & Commonwealth Office (FCO) contract. The group said the deal carries a value of between £65m and £350m over a period of six years. CSR, which provides multifunction connectivity, audio and location platforms, was another
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreFriday broker round-up UPDATE
30th Aug 2013 09:27
Antofagasta: Morgan Stanley cuts target price from 830p to 810p and maintains an underweight rating. ARM Holdings: Deutsche Bank raises target price from 470p to 1080p upgrading to buy. Aviva: Barcalys increases target price from 294.50p to 320p, while its underweight rating remains unaltered. Bw
Read moreComputacenter swings into losses as German contracts weigh
30th Aug 2013 07:29
Computacenter plunged into the red in the first half after its results were hit by 29.3m pounds worth of one-off charges relating to three problematic contracts in Germany and troubles at its French business. The company, which supplies IT equipment and advises on strategy, reported a loss of £4.4m
Read moreComputacenter eyes flat first half revenue
16th Jul 2013 07:28
IT infrastructure services and solutions provider Computacenter said group revenue for the first half was flat on a reported basis and fell 2 per cent in constant currency after a mixed performance across its UK, German and French businesses. In an update for the six months ended June 30th 2013 it
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
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