Monday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreThursday newspaper round-up: Ukraine, Co-op, Rolls Royce
6th Mar 2014 07:13
Attempts to broker direct negotiations between Russia and Ukraine´s foreign ministers made little headway in Paris on Wednesday, although the US Secretary of State and Russia´s Minister of Foreign Affairs are due to meet again on Thursday, in Rome. In parallel, the European Union announced that it w
Read moreFriday newspaper round-up: Centrica, Lloyds, RBS...
21st Feb 2014 07:13
The boss of Centrica has refused to commit to another year at the helm of the British Gas owner as frustration mounts at political attacks on the energy industry. Sam Laidlaw, Centrica's chief executive, has been the target of personal attacks by consumer groups and politicians in recent months over
Read moreLondon close: First rise in Bank rate possible before elections
20th Feb 2014 16:36
- Markets pare early losses - Weak Chinese data weighs on mining stocks - FOMC minutes prompt some rate hike fears - First rise in Bank rate could come before elections techMARK 2,876.09 +0.02% FTSE 100 6,812.99 +0.24% FTSE 250 16,368.83 +0.13% UK markets managed to recoup early losses following
Read moreFTSE 100 movers: BAE slides on possible profit drop
20th Feb 2014 15:38
Military hardware manufacturer BAE Systems slumped despite reporting a three per cent increase in operating profits to 1.9bn pounds for 2013, after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending. Mining stocks Anglo American, Glencore Xstra
Read moreLondon pre-open: Stocks set to slide early on after data disappoints
20th Feb 2014 07:30
- Sentiment hit by poor US and Chinese data - FOMC minutes reveal plans for continued tapering - IMF warns of financial problems arising in emerging markets Stocks are set to open firmly in the red today after both Chinese and US data came in below expectations overnight. City sources predict th
Read moreCentrica's 2013 profits fall amid margin pressures
20th Feb 2014 07:03
British Gas owner Centrica said market conditions in 2014 are set to remain challenging amid political pressure to lower energy prices. In its 2013 annual results, the group warned that going into the new financial year there would be a squeeze on margins, unusual weather patterns on both sides of
Read moreThursday preview: Centrica and BAE Systems report annual results
19th Feb 2014 14:17
British Gas owner Centrica will release its full-year results on Thursday after UBS warned that pressure from the government to lower energy prices would hurt margins. UBS on Tuesday cut its rating of the utility to 'sell' from 'neutral' and target price to 280p from 340p, citing increasing politi
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreSector movers: Telecoms and oil and gas stocks boost FTSE 100
18th Feb 2014 14:46
Telecommunication stocks were leading for a second day running on Wednesday as BT Group took its campaign for the right to offer the Sky Sports channels on YouView set-top boxes to a competition tribunal. BHP Billiton led oil and gas shares higher after reporting a 31% rise in first-half profit aft
Read moreBroker tips: Wood Group, InterContinental Hotels, Centrica
18th Feb 2014 13:02
Oil services outfit Wood Group's latest full year results were largely in-line, although revenues were about one per cent softer than consensus expectations. At unchanged guidance for modest growth in earnings per share next year might not seem much to write home about. Yet coming as it did on the
Read moreLondon midday: FTSE erases losses as inflation falls below target
18th Feb 2014 11:27
- UK inflation falls to 1.9 per cent - ZEW reports unexpected decline in both Eurozone and German confidence - BRC publishes plans to reform the UK business rates system techMARK 2,861.72 +0.15% FTSE 100 6,745.04 +0.13% FTSE 250 16,232.79 -0.07% The FTSE was marginally higher by lunchtime today
Read moreCentrica to get hit from both sides, UBS says
18th Feb 2014 11:18
Increased regulatory scrutiny, even if unjustified, of Centrica's pricing structure would hit the company's margins, adding to the pressures coming from other fronts, analysts at UBS wrote on Tuesday. In the wake of the UK Energy Secretary's letter to Ofgem, the Swiss broker's analysts wrote that t
Read moreLondon open: Stocks register small decline ahead of inflation data
18th Feb 2014 08:25
- FTSE down 12 points - All eye on CPI inflation figure - InterCo Hotels falls despite posting profit techMARK 2,855.49 -0.06% FTSE 100 6,726.16 -0.15% FTSE 250 16,217.82 -0.17% Stocks surprised with a modest decline this morning as investors geared up for a data-heavy session both at home and acr
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
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