Chemring pleases after showing signs of recovery
23rd Jan 2014 12:30
Manufacturing and defence group Chemring pleased the market with its full-year results on Thursday, prompting broker Investec to reiterate its 'buy' rating on the stock despite a drop in profit. On an underlying basis, pre-tax profit declined 25.2% from £70.1m to £52.4m year-on-year (YOY), pushing
Read moreBroker snap: UBS ups defence targets after US budget deal
13th Jan 2014 09:58
UBS has lifted its target prices for European aerospace and defence stocks, saying that the budget deal in the States reduces the uncertainty hanging over the sector. After being passed by Congress in mid-December, President Barack Obama signed a two-year budget deal at the start of the year that e
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreSector movers: Defence stocks gain after US budget
11th Dec 2013 15:45
Aerospace and defence stocks were on the rise on Wednesday after a budget deal in Washington removed some uncertainty in the sector, which is heavily dependent on state funding in the States. Chief Congressional negotiators Senator Patty Murray and Representative Paul Ryan last night worked out a d
Read moreLondon close: FTSE 100 rises as investors celebrate Iran deal
25th Nov 2013 16:40
- Global indices continue to set new highs - P5+1 strikes deal with Iran over nuclear programme - Travel stocks rise, oil stocks fall techMARK 2,651.39 +0.35% FTSE 100 6,694.62 +0.30% FTSE 250 15,299.92 +0.74% UK financial markets on Monday celebrated the deal to limit Iran's nuclear activity with
Read moreFTSE 250 movers: Chemring jumps on full-year outlook
25th Nov 2013 15:29
Defence group Chemring surged after saying that expectations for the financial year ended October 31st remain in line with previous guidance despite the adverse market backdrop. Pork producer Cranswick also gained after beating forecasts with its interim results as first-half pre-tax profits rose 1
Read moreBroker tips: easyJet, Babcock, Chemring, Cranswick
25th Nov 2013 12:06
Jefferies on Monday moved to a 'buy' recommendation (from 'hold') on the shares of low-cost carrier easyJet on the potential for further cash returns and greater confidence in the company's ability to maintain its strong competitive position. Analysts said that the shares now trade at a 35% premi
Read moreLondon midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreBroker snap: Chemring 'back on the front foot', Investec upgrades
25th Nov 2013 09:19
Investec has upgraded its rating for defence group Chemring from 'hold' to 'buy', saying that despite potential risks the business is 'back on the front foot'. The firm's well-received pre-close trading update on Monday is in line with the revised guidance given in October, said analyst Chris Dyett
Read moreLondon open: Markets welcome Iran deal, travel stocks jump
25th Nov 2013 08:25
- Markets hail Iran accord over nuclear programme - Oil companies slumps, travel stocks surge - Oil, gold prices drop after Iran deal techMARK 2,661.69 +0.74% FTSE 100 6,702.01 +0.42% FTSE 250 15,314.64 +0.84% UK markets headed higher on Monday morning as investors welcomed the deal over the weeke
Read moreMonday broker round-up UPDATE
25th Nov 2013 08:00
African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl
Read moreLondon pre-open: FTSE to rise on US deal with Iran
25th Nov 2013 07:28
City sources predict the FTSE 100 will open around 28 points higher than Friday's close of 6,674.30 after the US struck a deal with Iran on its nuclear activities in exchange for the easing of international sanctions against it, which had been affecting its oil exports. The deal means tensions in th
Read moreChemring sticks to full-year guidance
25th Nov 2013 07:18
- Maintains full-year guidance - Final quarter revenue falls 24 per cent from year ago FTSE 250 defence group Chemring said expectations for the financial year ended October 31st remain in line with previous guidance despite the adverse market backdrop. Revenue in the final quarter was approximate
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreLondon close: Markets rise despite debt-ceiling uncertainty
14th Oct 2013 16:49
Markets finished at their highest levels in two and a half weeks on Monday despite the ongoing uncertainty surrounding the US debt ceiling, as a deal to raise the borrowing limit still remains elusive. The FTSE 100 finished 20.46 points higher at 6,507.65, its best level since September 27th when i
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