Tuesday broker round-up UPDATE
30th Apr 2013 08:20
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou
Read moreCentrica and QPI to jointly acquire natural gas assets
30th Apr 2013 07:41
FTSE 100-listed integrated energy company Centrica and Qatar Petroleum International (QPI), the international arm and wholly owned subsidiary of state-owned Qatar Petroleum (QP), have agreed to acquire jointly a package of producing conventional natural gas and crude oil assets for one billion Canad
Read moreFTSE 100 movers: Standard Life soars after beating analyst expectations
24th Apr 2013 15:09
Insurance giant Standard Life was a strong riser after beating analysts' predictions in the first quarter after delivering strong sales and group assets under administration. The group recorded a 24% increase in long-term savings sales to £6.3bn and a 26% increase in long-term savings net flows to
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreLondon midday: Chinese slowdown sinks miners and commodity prices
15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read moreBroker tips: Gold miners, Centrica, Ladbrokes
15th Apr 2013 11:00
Citigroup has joined the growing list of brokers to cut their target prices for gold over the next few years. With declining margins at gold producers now a concern - as higher costs (and sustained capital expenditure) and lower prices take their toll - Citi has downgraded its rating for London-lis
Read moreBroker snap: Deutsche Bank not convinced by Centrica's oil and gas strategy
15th Apr 2013 10:32
Deutsche Bank has maintained its 'hold' rating and 340p target price for utilities group Centrica after the company announced the acquisition of oil and gas assets in Canada. The firm said that it is to buy, along with Qatar Petroleum International (QPI), certain assets in South and Central Alberta
Read moreLondon open: Miners hammered after Chinese slowdown
15th Apr 2013 08:29
Mining stocks were registering sharp falls on Monday morning as a surprise slowdown in Chinese economic growth weighed on the outlook for commodities demand. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, while the consensus forecast had be
Read moreCentrica snaps up Canadian oil and gas assets
15th Apr 2013 07:27
Utility group Centrica, which owns the British Gas business, is buying several natural gas and crude oil assets in Canada jointly with Qatar Petroleum International (QPI). The two groups will pay a combined C$1.0bn (£650m) in cash for the assets, which will be 60% owned and operated by Centrica. T
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreSector movers: Defensives fare well in market sell-off
5th Apr 2013 16:05
Defensive sectors were making slight gains on Friday as a disappointing employment report from the States prompted a sharp decline in risk appetite and some heavy falls across global stock markets. US non-farm payrolls increased by just 88,000 in March, the lowest rise in nine months, according to
Read moreThursday newspaper round-up: Great Western, BP, Centrica...
28th Mar 2013 06:52
The Telegraph says that four of the UK's largest train operators - Arriva, FirstGroup, National Express and Stagecoach - have dropped lawsuit worth 40m pounds against the government to recover costs during the franchises process for Great Western that was scrapped earlier this year. The Clair proje
Read moreFTSE 100 movers: ARM Holdings boosted by broker comments
25th Mar 2013 16:25
ARM Holdings was also benefiting from broker comments after Bank of America said that the potential of its 'big.LITTLE' energy-saving technology was "underappreciated". Asset management firm Aberdeen was higher after posting a 10% increase in assets under management to £212.3bn in the second quarte
Read moreCentrica signs LNG export contract with Cheniere
25th Mar 2013 07:03
FTSE 100-listed Centrica has entered into an agreement with Cheniere Energy Partners L.P, to purchase 91,250,000m British thermal units (89bn cubic feet) of annual liquefied natural gas (LNG) volumes for export from the Sabine Pass liquefaction plant in Louisiana in the US. This amounts to approxi
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