Friday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreLondon close: ECB conference sends FTSE sliding more than 100 points lower
2nd Oct 2014 17:15
London's blue chips ended Thursday's session more than 100 points lower, as the European Central Bank (ECB) conference disappointed traders. The FTSE 100 closed 111.13 points below the opening bell, at 6,446.39. The ECB decided to keep key rates unchanged and unveiled further details of its asset-b
Read moreFTSE 250 movers: SIG climbs after signing new loan facility
2nd Oct 2014 16:14
SIG rose on the news it has refinanced its £250m revolving credit facility with a new five-year deal with Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Commerzbank. The facility matures in October 2019 and the European building products distributor said it will ensure significant
Read moreCarillion content with cash flow as analysts keep Balfour on back burner
2nd Oct 2014 08:26
Construction and facilities management group Carillion said earnings and cash generation both remained in line with expectations for the full year after a robust third quarter. After returning to positive net cash generation during the first half, the FTSE 250 company's trading and cash flow perform
Read moreLondon open: UK stocks at two-month high as Ashtead, Vodafone gain
3rd Sep 2014 09:11
- HSBC China services PMI jumps to 17-month high - Investors digest weak Eurozone services data, await UK figures - Ashtead ups full-year view after strong Q1 - Vodafone rises on takeover speculation techMARK 2,871.10 +0.42% FTSE 100 6,869.21 +0.59% FTSE 250 15,990.24 +0.16% UK stocks were trading
Read moreThursday broker round-up UPDATE
21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
Read moreCarillion drops pursuit of Balfour Beatty after third attempt runs foul
20th Aug 2014 16:18
Construction firm Carillion has officially pulled out of the running for a merger with rival Balfour Beatty after yet another rejection by the infrastructure specialist on Wednesday. Carillion made an improved offer to Balfour on Tuesday, which represented a 36% premium to the recent average share
Read moreSector movers: Housing stocks drop on rate-hike fears, Balfour sinks
20th Aug 2014 15:45
Renewed concerns about an interest-rate hike this year dampened the demand for housebuilding and construction stocks on Wednesday, as investors worried about the potential impact from policy tightening on the housing market. Meanwhile, another takeover rejection by infrastructure specialist Balfour
Read moreBroker tips: BHP Billiton, StanChart, Balfour Beatty, Debenhams
20th Aug 2014 12:52
Credit Suisse said it sees a "lack of upside" at BHP Billiton after the company underwhelmed the market with its demerger plans, downgrading the mining stock from 'neutral' to 'underperform'. Credit Suisse said: "We think the shares have moved up on capital management expectations that were not del
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreFew options left for Carillion after another Balfour rejection, says Liberum
20th Aug 2014 10:14
There is little left that Carillion can do ahead of the 'put up or shut up' deadline in its pursuit of infrastructure specialist Balfour Beatty, according to analysts at Liberum Capital, after the latter rejected a sweetened proposal from the construction group on Wednesday. Balfour said that Caril
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreLondon pre-open: FTSE to drop into the red amid profit taking
20th Aug 2014 07:45
UK stocks look set to move lower at Wednesday's opening bell, with some analysts putting the drop down to a modest round of profit taking following a strong start to the week. City sources predict the FTSE 100 will open around six points lower than yesterday's close of 6,779.31, despite gains seen
Read moreBalfour Beatty rejects Carillion offer and critiques value calculations
20th Aug 2014 07:09
As expected, construction group Balfour Beatty rejected a merger offer from rival Carillion as not in its shareholders' best interests, noting that Tuesday's third offer was only a "small value change" from the preceding bid. The Balfour board again questioned the "considerable risks" around plans
Read moreWednesday newspaper round-up: Balfour/Carillion, Apple, StanChart...
20th Aug 2014 06:58
Balfour Beatty is poised to reject a third merger offer from Carillion as hopes for the creation of a £3 billion construction "powerhouse" fade. Sources said the construction group headed by Steve Marshall, the under-fire chairman, is likely to reject Carillion's offer as the new proposal failed to
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