Broker tips: Centrica, Serco, Ultra Electronics
15th Nov 2013 11:31
Credit Suisse has cut its target price and reiterated its 'underperform' rating for British Gas owner Centrica, saying there are 'no major positives in sight' after the group's reduction in full-year forecasts. The bank said: "For us, the biggest concern is that 2014 organic growth has dropped to a
Read moreBroker snap: 'No major positives in sight' for Centrica, says Credit Suisse
15th Nov 2013 09:19
Credit Suisse has cut its target price and reiterated its 'underperform' rating for British Gas owner Centrica, saying there are 'no major positives in sight' after the group's reduction in full-year forecasts. The company on Thursday said that it now expects 2013 adjusted earnings per share (EPS)
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreLondon close: Fed's Yellen sparks gains on hopes of continued stimulus
14th Nov 2013 16:28
- Yellen comments in focus as taper speculation picks up - Corporate earnings come in mixed - Economic data weakens in UK, Eurozone techMARK 2,649.23 +0.90% FTSE 100 6,666.13 +0.54% FTSE 250 15,257.93 +0.51% Markets were able to shrug off some disappointing economic data on Thursday as hopes over
Read moreFTSE 100 movers: Aberdeen, Prudential, Burberry
14th Nov 2013 14:23
Aberdeen Asset Management's shares rebounded after falling earlier in the week on growing fears it could be caught up in a bidding war for Scottish Widows Investment Partnership. Prudential advanced after saying new business profit rose 12% in the first nine months of the year, driven by demand fo
Read moreLondon midday: Markets pare gains after poor economic data
14th Nov 2013 11:33
- UK retail sales fall 0.7 per cent in October - French, German GDP paint gloomy picture - Yellen says Fed has 'more work to do' techMARK 2,644.91 +0.73% FTSE 100 6,656.19 +0.40% FTSE 250 15,279.90 +0.66% Hopes over a continuation of US stimulus prompted a strong start for the FTSE 100 on Thursday
Read moreLondon open: Stocks surge on stimulus hopes after Yellen comments
14th Nov 2013 08:17
- Yellen says Fed has 'more work to do' - FTSE 100 rebounds from four-week low - French, German GDP paint gloomy picture techMARK 2,649.73 +0.92% FTSE 100 6,688.86 +0.89% FTSE 250 15,335.50 +1.03% Dovish remarks from the soon-to-be Chair of the Federal Reserve gave markets a big boost on Thursday
Read moreLondon pre-open: Yellen comments to drive strong start
14th Nov 2013 07:32
City sources predict the FTSE 100 will open around 50 points higher than yesterday's close of 6,630, with investors expecting welcome dovish comments from the soon-to-be Chair of the Federal Reserve Janet Yellen. Yellen, who is expected to take over from Ben Bernanke as the head of the Fed in Janu
Read moreCentrica warns of continued challenging market conditions
14th Nov 2013 07:01
- Market conditions remain challenging in UK and US - EPS likely to match 2012 levels - Consumption up four per cent British Gas-owner Centrica on Thursday warned market conditions remained challenging, particularly in business energy supply in both the UK and the US, in UK gas-fired power generat
Read moreLondon close: FTSE 100 at four-week low on policy concerns
13th Nov 2013 16:36
- FTSE 100 sinks to lowest level since mid-October - Rate-hike speculation follows BoE Inflation Report - Sainsbury up after strong first half techMARK 2,625.69 -0.83% FTSE 100 6,630.00 -1.44% FTSE 250 15,179.84 -1.23% UK stocks declined sharply on Wednesday as investor risk appetite was scaled ba
Read moreSector movers: Defensive electricity stocks perform well in market sell-off
13th Nov 2013 15:28
Electricity was the only sector in positive territory on Wednesday as the category benefitted from its defensive characteristics amidst a sell-off across equity markets. Markets on the whole were trading firmly lower, with the FTSE 100 registering as much as triple-digit losses in afternoon trade,
Read moreFTSE 100 movers: Sainsbury rises on strong first half
13th Nov 2013 15:14
Supermarket giant Sainsbury rose after boasting of its largest market share for a decade in the first half, helped by fast growth from its own-brand food and an even faster growth of non-food. Utility stocks have put in a good performance today after sentiment was dampened by the Bank of England's
Read moreSunday newspaper round-up: Serco, Energy companies, Economic growth
10th Nov 2013 17:04
Serco will warn on November 14th that it will not meet forecasts for annual profits, the Sunday Times reported. The outsourcing company has been hit by Government allegations of fraud in contracts to tag prisoners. Investors had expected Serco to report annual profits of about £326m but analysts now
Read moreCentrica signs multi-billion pound deal with Qatargas
6th Nov 2013 13:44
FTSE 100-listed Centrica has signed a four-year, multi-billion pound gas deal with Qatargas, it announced Wednesday. The agreement, under which it will purchase up to 3m tonnes a year of liquefied natural gas (LNG), builds on an existing agreement that was signed in early 2011. The British Gas-o
Read moreWednesday broker round-up
6th Nov 2013 08:48
Anglo American: Alphavalue moves target price from 1816.9p to 1827.1p upgrading from add to buy. Associated British Foods: Citi raises target price from 1950p to 2350p, while leaving its neutral rating unchanged. Assura Group: Liberum Capital initiates with a target price of 42.9p and a buy recomm
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