Sector movers: Chemring lifts defence stocks
27th Nov 2012 14:00
A well-received trading update from Chemring pushed the aerospace and defence sector higher on Tuesday afternoon. Following a profit warning earlier this month, British defence-equipment maker Chemring said that trading remained in line with expectations at the end of the financial year (ended Octo
Read moreLondon midday: Stocks hold on to gains despite gloomy OECD forecast
27th Nov 2012 11:28
- Greek aid deal lifts stocks - OECD cuts growth forecasts - UK Q3 GDP growth confirmed at one per cent Stock markets across Europe were trading firmly in positive territory on Tuesday morning following last night's Greek aid deal; however the bounce was only moderate with analysts saying that the
Read moreLondon open: Footsie gains after Greek deal
27th Nov 2012 08:25
Banks and mining stocks were providing a lift to equity markets on Tuesday morning as risk appetite increased on the back of last night's Greek bailout deal. After countless delays, Eurozone finance ministers finally inked out an agreement on Greece, giving the green light to the disbursement of th
Read moreChemring eyes revamp as orders drop
27th Nov 2012 07:39
British defence-equipment maker Chemring said it needs to adapt and better equip itself against the challenging market backdrop as it posted a 13 per cent drop in its year end order book. The group, whose earnings have been hit by programme delays, technical problems and pressure on defence spendin
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreLondon close: Stocks rise on low volumes
22nd Nov 2012 16:52
- Trading light as US celebrates Thanksgiving - Focus shifts to EU summit - SABMiller jumps; 'Glenstrata' merger approved With trading volumes light owing to Thanksgiving, upbeat Chinese manufacturing data saw UK markets finish Thursday's session with decent gains in spite of the ongoing uncertaint
Read moreFTSE 250 movers: Man Group leads risers as Talvivaara drops
22nd Nov 2012 15:50
Fund manager Man Group advanced today after the Financial Times reported that it has moved 1.5bn dollars of its flagship fund AHL into a new portfolio in order to raise returns. Chemring was higher after it was reported that a subsidiary of the company was awarded a $4.4m contract for the manufact
Read moreRandgold Resources CEO sells three million quid's worth of shares
14th Nov 2012 16:30
- Please note: This is a revised version of a story which previously contained information that was incorrect. After what has been a less-than-impressive year, the Chief Executive of FTSE 100 gold miner Randgold Resources, Mark Bristow, sold more than three million pounds worth of shares. Bristo
Read moreWednesday Broker round-up UPDATE
14th Nov 2012 07:24
Anglo American: Deutsche Bank reduces target price from 2700p to 2600p, buy recommendation unchanged. Chemring: Credit Suisse reduces target price from 330p to 210p, neutral rating kept. CRH: UBS raises target price from 1110p to 1140p, neutral rating unchanged. Daily Mail and General Trust: Deut
Read moreLondon midday: Bank of England holds rates as stocks rebound
8th Nov 2012 11:31
- BoE holds rates and QE - Stocks rebound after heavy sell-off - G4S drops after losing prison contract Easing concerns about Greece saw the FTSE 100 rebound slightly on Thursday morning following a steep sell-off the day before. The Bank of England's Monetary Policy Committee announced at noon th
Read moreBroker tips: United Utilities, Chemring, Balfour Beatty
8th Nov 2012 11:03
Nomura has downgraded its rating for United Utilities (UU) from 'buy' to 'neutral', saying that the stock is now a fully valued take-out option. Analyst Jonathan Constable said: "We estimate that the shares are pricing in an acquisition in the next six months with a probability of one-fifth for eac
Read moreBroker snap: Little chance of another bid for Chemring, says Credit Suisse
8th Nov 2012 09:34
Shares in defence contractor Chemring continued to fall on Thursday morning after The Carlyle Group announced last night that it will not be making an offer for the company. Credit Suisse reiterated its 'neutral' rating and 330p target price for the stock today, saying: "We see slim chance of other
Read moreThursday broker round-up
8th Nov 2012 09:01
AB Foods: Credit Suisse ups tagged from 1,300p to 1,450p, outperform rating kept. Aviva: Panmure Gordon keeps buy rating and 425p target. Balfour Beatty: Panmure Gordon keeps buy rating and 310p target. BTG: Jefferies keeps hold rating and 360p target; Panmure Gordon keeps hold rating and 400p t
Read moreLondon close: 'Obama-rally' squashed by euro concerns
7th Nov 2012 16:46
- Footsie retreats from eight-month high after EC forecast - Fiscal cliff, Germany and Greece weigh on sentiment - Randgold loses 6.4 per cent after Q3 statement The 'Obama-rally' proved only temporary on Wednesday as concerns about the Eurozone crisis offset any optimism regarding the re-election
Read moreCarlyle walks away from Chemring takeover
7th Nov 2012 16:26
US asset management firm, The Carlyle Group, has called off its long, drawn-out discussions with Chemring about a potential takeover of the FTSE 250 defence contractor. Ahead of the US firm's third-quarter results scheduled for release on Thursday morning in New York, the company announced that it
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