Monday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreLondon close: Footsie falls but banking stocks robust
22nd Jun 2012 16:57
- BoE, ECB ease pressure on lenders - Moody's downgrades 15 global banks - Resources stocks weigh on London market Resource stocks were weighing heavily on the FTSE 100 on Friday afternoon, sending the index one per cent lower, despite actions by central banks in the UK and the Eurozone to ease the
Read moreCarnival cutting prices to drum up business
22nd Jun 2012 14:42
Cruise ship operator Carnival said that bookings are recovering as the memory of the Costa Concordia tragedy fades, but it is having to offer tempting price cuts to get passengers on board. "Since March, fleet-wide booking volumes have continued to improve and are running well ahead of the prior ye
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreLondon close: Stocks finish up, China and Eurogroup in focus
12th Mar 2012 16:34
- Stocks jump into the blue late on - China records worse-than-expected trade deficit - Resource stocks fall on Chinese demand concerns London's blue chip index managed to finish the day in positive territory despite swinging between gains and losses for most of the session. Concerns over the globa
Read moreFTSE 100 movers: Morrisons rises on investor hopes
12th Mar 2012 15:02
Morrisons leads the risers as investors pin their hopes for the stock on a series of new concepts being unveiled today at an investor meeting. Hot on its heels was cruise operator Carnival after being upgraded by Exane BNP Paribas from under-perform to out-perform. On Friday, the firm reported a
Read moreLondon midday: Financials provide a drag, Chinese data disappoints
12th Mar 2012 12:10
- Chinese deficit figures disappoint. - Eurogroup meet in Brussels to sign off on Greek bailout. - Former RBS directors sued. Some disappointing economic data from China took the shine off a better-than-expected US jobs report on Friday, as the Footsie opened the week on a dull note with stocks sli
Read moreMonday broker round-up
12th Mar 2012 09:51
Aggreko: UBS ups target from 2,400p to 2,500p, buy rating unchanged. AMEC: Societe Generale upgrades from hold to buy, target hiked from 950p to 1,320p. Antofagasta: Oriel Securities downgrades from add to hold, target cut from 1,294p to 1,258p. Ark Therapeutics: Collins Stewart keeps buy recomme
Read moreLondon close: Stocks rise as Greece secures bailout
9th Mar 2012 16:43
- 85.8 per cent of private creditors accept Greek bond-swap - Juncker says that bailout conditions have been met - Aggreko leads the rise after results After a subdued start, the Footsie jumped into the blue in afternoon trade on Friday, after Eurogroup President Jean-Claude Juncker said that the G
Read moreCarnival profits dive, but come in ahead of expectations
9th Mar 2012 16:01
Carnival Corporation, the biggest cruise-ship operator in the world, reported a huge loss for the first quarter after its infamous Costa Concordia ship became grounded of the coast of Italy in an incident which killed 25 people. For the three months to February 29th the firm plunged into the red w
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreFTSE 100 movers: Vedanta retreats into last place
22nd Feb 2012 14:16
Vedanta Resources fell into the bottom spot, pulling back after yesterday's 7% surge on the back of speculation that it is looking to merge its two Indian subsidiaries, Sterlite and Sesa Goa. Credit Suisse has said today that "any progress on restructuring or minority buy-outs would be a strong po
Read moreLondon midday: Stocks fall as Fitch downgrades Greece
22nd Feb 2012 11:47
- Fitch downgrades Greece from 'CCC' to 'C'. - MPC divided on level of QE. - Vedanta pulls back after yesterday's strong surge. UK stocks fell further into the red by midday after Fitch downgraded Greece's sovereign debt rating. While the decision was unarguably crucial to help the heavily-indebted
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
Read moreBroker snap: Sell Carnival into any rebound, says Galvan
23rd Jan 2012 15:18
As more bodies continue to be pulled from the wreck of the Costa Concordia, Galvan Research and Trading has given its view on the cruise ship's operator Carnival, recommending to sell shares following the incident on January 13th. The death toll from the cruise liner, which grounded off the coast o
Read more